Flaherty & Collins Properties broke ground on the second phase of The Mill at Ironworks Plaza in Mishawaka.
The second phase, a $67 million investment, will include a four-story multi-family apartment complex, commercial space, riverfront restaurant and more parking. Its completion is expected in spring 2025.
The first phase of the project, which was completed in 2019 already is fully occupied. A waitlist of prospective tenants was a factor in the second phase.
The first phase overlooks the St. Joseph River and Beutter Park. It includes 11,000 square feet of amenities, including a bar, lounge, grilling station, art and movie wall, saltwater pool and deck, and fitness center. The Mill also offers residents space to create artwork and a kitchen for hosting large group gatherings. Pets are welcome too with a pet spa. Biking is encouraged with storage and repair on site.
The first phase received $5.26 million from the Indiana Regional Cities Initiative through the Indiana Economic Development Corp.
“Indiana is ranked first in the Midwest and fifth in the nation for business, and the Indiana Regional Cities Initiative is playing a key role in continuing this economic momentum by supporting efforts to retain and attract talent to the state,” said IEDC president Elaine Bedel in a press release. “The Mill at Ironworks Plaza will help continue to enhance downtown Mishawaka and increase social connectivity in one of north central Indiana’s urban cores.”
City officials said the project would be transformative to the town’s historic downtown.
“In our planning to redevelop the former Uniroyal properties, the city has remained committed to building a mixed use, architecturally significant and pedestrian friendly environment,” said David Wood, mayor of Mishawaka, at the project’s groundbreaking. “This project, which will cover two city blocks, includes all of these elements.”