National Real Estate Investor
by Kelly Stratton
INDIANAPOLIS—Strategic Capital Partners LLC (SCP) and the Meadows Community Foundation (MCF) have broken ground on a 70,000-sq.-ft. health and wellness center at Avondale Meadows.
The nearly $20 million facility is part of a 100-acre neighborhood revitalization of the area near 38th Street & Meadows Drive.
Upon completion, Avondale Meadows Health & Wellness Center will include an 18,000-sq.-ft. health clinic operated by Health Net and a 32,000-sq.-ft. YMCA, and will be environmentally sustainable with an expected LEED Silver designation. The Center will provide early learning classrooms, as well as youth mentoring and family programs. In addition, the facility will serve as headquarters for the United Northeast Community Development Corporation (UNECDC) and MCF.
Avondale Meadows has been designated a Medically Underserved Area (MUA) by the U.S. Health and Human Services Department. The Avondale Meadows Health & Wellness Center will assist more than 16,000 people who live in the area and are at or below the federal poverty level. Funding partners include the City of Indianapolis, the United Way of Central Indiana, IU Health, the YMCA of Greater Indianapolis, Methodist Foundation, Health & Hospital Corporation of Marion County and Purpose Built Communities.
SCP partnered with Purpose Built Communities (PBC), an organization founded by Tom Cousins, Julian Robertson and Warren Buffet, to redevelop Avondale Meadows.
Current and planned features of Avondale Meadows include townhomes and single-family homes, mixed-income apartments, a grocery store and retail shopping, three educational institutions, a five-acre park and social services.