Business View Magazine | April 2019

155 it’s right across the street from another ma- jor development in our community, the brand new Nickel Plate Flats, a $7.2 million, 72-unit, market-rate apartment complex. It has pent- houses, studios, two-bedrooms. It is also sitting in a location that used to have a crumbling building on the site, and another that burned down in a fire. So, the city worked with the de- veloper, Iron Men Properties, and we acquired the property and then the developer built this beautiful new, luxury apartment complex. It’s 91 percent occupied and 60 percent of the 81 percent of people living there had never lived in Frankfort, before. We believe that’s happen- ing because urban housing is a very hot item. Millennials and retirees can move into Nickel Plate Flats, they can walk across the street and have a beer and a pizza, and then they can walk home. And this summer, their windows will be overlooking the beautiful, new Prairie Creek Park. “So, the theory of ‘if you build it, they will come,’ this idea of downtown revitalization, making our downtown the front porch of the community, and bringing back the charm that it had in the early 1900s, has been important to us. We know that these are the types of opportunities that top-tier talent and college graduates are looking for, and that’s why it’s so important that we focused on those two proj- ects. “We’re also focusing on our transportation infrastructure. Every new road we build in the SUPPORTING LOCAL GOVERNMENTS NATIONALLY A LEADER IN INDIANA PUBLIC FINANCE CONTACT US TODAY! ANDREW LANAM • LANAM@GKBAUM.COM • 812-348-1201 600 EAST 96 TH STREET, SUITE 540 • INDIANAPOLIS, IN 46240 www.gkbaum.com FRANKFORT, INDIANA AT A GLANCE FRANKFORT, INDIANA WHAT: : A city of 16,400 WHERE: Located in Clinton County, in the center of the state WEBSITE: www.frankfort-in.gov