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.
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.
In order to make the site feasible for development, a residential TIF district was created to fund sanitary sewer, water and road upgrades. This project is also receiving funding through the North Central Indiana READI plan.
Construction work by F&K Construction on the infrastructure project began the week of June 5, 2023 and is on schedule for the dry utilities install to start toward the end of 2023 and be completed by March 1, 2024.
On Sept. 27, 2023, the Logansport Redevelopment Commission executed a Master Developer and Economic Development Agreement for Lexington Village with Shepler Construction, a locally-owned company that has been in business in Logansport since 1981.
New home construction is projected to begin in the first half of 2024.
Above is a view of the design for the first home to be constructed in Lexington Village, on lot 12, which is at the northeast corner of High Street and Yorktown Road.
Homes on North and South Dingo Drive, which runs parallel to Yorktown Road, will be 900-1500 square feet. Homes on Mike Anderson Lane, which is parallel to High Street and Lexington Road, will be 1500-2500 square feet.
More information is available at www.sheplerconstruction.com. Those interested in purchasing or building a home can contact John Smith at Shepler Construction at 574-722-6690.