AP Development LLC, an Indianapolis-based developer, announced a $6.5 million redevelopment project for the former YMCA site at 200 N. Union Street. The project is an adaptive re-use of the historic 1910 YMCA and will result in 46 market rate apartments.
The original 4-story 1910 YMCA will be saved and house 18 units with new construction accounting for 28 units. Additions to YMCA built in 1957, the pool, second gymnasium and office space that had fallen into disrepair will be demolished. The exterior design of the new construction will complement the historical design of the 1910 building.
“Downtown Kokomo is perfect place for market rate apartment redevelopment,” said Jon Anderson of AP Development. “The downtown area is an exciting, unique place. The historic building provides a great foundation for the project and will complement the other development taking place.”
A public Request for Proposals went out in June of 2016 and AP Development was one of four submissions for the project. AP Development has similar projects under development including the 1913 YMCA in Evansville, Rock City Lofts in Wabash, the UB Block in Huntington and the Ben Hur Building in Crawfordsville.
Kokomo Mayor Greg Goodnight is excited about the redevelopment of the former YMCA site.
“We are very happy that this project has become a reality in less than one year,” said Goodnight. “The new YMCA opened on Feb. 29, 2016. Lining up a developer in a short amount of time doesn’t always happen. The project will make great use of the historic building and provide needed market rate housing downtown.”
Mayor Goodnight said the preservation of historic buildings is important.
“Much like we did with the train depot, the former ice factory and the Mikalas building, the city will continue to the take the lead in saving Kokomo’s historic buildings and landmarks,” Goodnight said. “Redeveloping a 117-year old building with a storied past is a priority.”
The City will donate the land and help fund demolition on the non-historic parts of the YMCA.
Construction on the project will begin in April 2018 with completion set for July 2019.