Milhaus Development has received approval from the city of Indianapolis in Indiana, US, to start construction on a $45m downtown mixed-use project.
The project has been in planning since 2009 and is due for final consideration by the Metropolitan Development Commission on 2 May 2012.
It is the first of a multi-phase development to be constructed on a six acre space in downtown Indianapolis.
Under current plans, the vacant two-storey former Bank One Operations Center, at the northwest corner of Washington and East streets, will be redeveloped into 256 apartments in a five-storey mixed-use building with office and retail space on the first floor.
In the first phase, the 256 apartment units, featuring granite countertops and surface flooring, will be built at a cost of $28m.
The units will be available in studio, one, two and three-bed rooms, while other features include a fitness studio, yoga room, theatre, outdoor kitchen, vegetable gardens, concrete and wood floors, and high ceilings.
The building will also incorporate a third-level pool, recreation deck, solar heated water, green roofs in the courtyard and an onsite recycling programme.
Construction on the second phase of the project, which would add additional apartments, is expected to begin after the first units are delivered in spring 2013.