Lexington Village has been envisioned to help bridge a gap in the current housing market in the region.
It was determined that the land along High Street and Yorktown Road, originally purchased by the City of Logansport in 2014 to help spur economic development, would be a key development area for median market rate housing.
The planned site includes 52 single-family homes situated within the city’s easternmost commercial district, allowing for easy access by bicycle or foot to the neighboring restaurants and shopping centers.
In order to make the site feasible for development, the city has created a residential TIF district to fund sanitary sewer, water and road upgrades. This project is also in the process of receiving funding through the North Central Indiana READI plan.
Work on the infrastructure is expected to begin in late spring/early summer 2023.
This site is an ideal location for attracting young families and professionals to the area. Implementation of more affordable housing to this area will fill a major need for the region, allowing new home owners to live and work here.