ANDERSON — By this time next year a project to convert the upper floors of the YMCA building into apartments for senior citizens should be completed.
For the past week construction crews have been gutting the upper three floors of the athletic facility to make way for the construction of 30 senior living apartments at a projected cost of $5.9 million.
Years ago, the YMCA rented rooms to men on the upper floors of the four-story building, but have not been used for that purpose for several decades.
Groundbreaking for the project took place Friday and the apartments will be known as Parkview Place.
The project received $343,419 in tax credits from the Indiana Housing and Community Development Authority (IHCDA) and a $300,000 grant from the Federal Home Loan Bank of Cincinnati.
The Episcopal Retirement Homes (ERH) will manage the facility. It has 10 retirement communities in the greater Cincinnati area and the Anderson project is the first in Indiana. The Model Group is doing the construction and design work. Financing for the project is being provided by Huntington Bank.
Steve Smith, CEO of the Model Group, said the company’s mission is to transform communities.
“When I first saw this building, I knew we needed to do something,” he said. “People are finding out how important the downtown area is to their community.”
Smith said the company has completed close to 200 projects on historic buildings, all in downtown areas.
Kathy Ison-Lind, vice president of Affordable Living for ERH, said the organization has entered into several partnerships to provide sustainable housing for senior citizens.
“The city of Anderson stepped up to help provide funding and to make the housing for seniors available,” she said.
Pete Heuer, Anderson’s deputy mayor, said a lot of work has gone into making the project a reality.
“This will be a significant investment into downtown Anderson,” he said. “This project will insure the YMCA will continue to provide services in the community.”