Luxury Residential Building in Downtown Indianapolis Sells

By Jasmine Kilman

Standard Real Estate Investments and Arrow Street Development have closed on the sale of Wesley Place, the only luxury residential building in Downtown Indianapolis' Medical District. The 244-unit apartment building at 75 West 18th St. was built in 2023 as part of Standard's strategic investment program with Belay Investment Group, LLC. The seller was represented by a JLL Chicago team of Amanda Friant, Ken Martin, Mark Stern, Zach Kaufman and Sam Grohe.

"We seized the opportunity to create much-needed housing by working with a thoughtful, local, experienced team through the life cycle of the asset," said Robert Jue, CEO of Standard. Read the full story here.