An undated rendering of The Hangar at Emerson Pointe in Greenwood.
Provided by The Garrett Companies
A local apartment developer will open one of its new complexes in Greenwood later this summer.
The Hangar at Emerson Pointe will open its first building by mid-summer, The Garrett Companies announced Tuesday. The Garrett Companies is a Greenwood-based, full-service real estate company specializing in multifamily investments, development, construction and property management. The company has developed more than 50 projects in 17 states.
Company officials say The Hangar is the first multifamily property of its kind on Indianapolis’ southside. The luxury community consists of three buildings totaling 218 units. The first building of 62 units was completed at the end of June, with residential units ready for occupancy by mid-July, according to a news release from The Garrett Companies.
This building will also house Garrett Restaurant Group’s first coffee shop, Runway 19, which is expected to open this fall. The aviation-themed Runway 19 will provide specialty coffee that will be open to both residents and the public, the company says.
“We love the city of Greenwood — it’s quite literally our headquarters — and we’re incredibly gratified by this project and its role in meeting the growing housing needs of Johnson County and the city,” said Eric Garrett, CEO of The Garrett Companies.
Amenities include key fob access for each building, mail and package delivery kiosks, valet trash and recycling pickup and rentable corridor access garages. The property also includes a fitness center, a yoga room outfitted with on-demand fitness software, a bike repair station, a heated resort-style pool and poolside cabanas with USB charging tables, a hot tub, outdoor kitchens with gas grills, an outdoor fire pit and an indoor dog wash station, according to the news release.
The apartments start at $1,260 for the smallest one-bedroom floor plan and go up to $2,010 for a three-bedroom, according to the complex’s website, thehangarliving.com/.
Oliver Springs, another apartment project by the company that is further south on Emerson Avenue, is slated for completion in spring 2025. Company officials say this development, which will have 226 units, will have a clubhouse and amenities similar to those at The Hangar.
Unlike The Hangar, Oliver Springs will have two-story units resembling townhomes rather than traditional apartments. Each unit will have private entries and direct access to an attached garage. Lush green spaces will separate the 10- and 14-unit buildings, the news release says.
