Current Private Investments in The River District
The following projects represent over $170 million in active investments. These projects are under construction or complete as signature projects shaping the River District as Elkhart’s residential expansion of downtown. These projects are in alignment with the River District Plan approved by the City of Elkhart. Additionally, the need and potential of the residential focus was determined by a residential study, completed by Zimmerman, Volk and Associates, determining that 1,000 rent units can be absorbed within five years to capture new residents and a portion of the current 40,000 commuters who work and do not live in Elkhart.
Elkhart Health and Aquatics
Opening July 2019, this 170,000 square foot facility, owned by the Community Foundation of Elkhart County and Beacon Health System, will include a world-class aquatics competition center, Beacon Health and Fitness, and the Commons community gathering space.
Investment: $70 million
Stonewater at The Riverwalk
by Flaherty and Collins
Stonewater at The Riverwalk will consist of 200 luxury market rate apartments, five townhomes, and over 7,000 square feet of retail. Comprised of studios, one and two bedroom apartment homes, the project will boast the finest amenities in the Elkhart market. The development, at 237,337 square feet, is on the site of the former Elkhart Foundry. Units will be available fall 2019.
Investment: $32 million
River Point West
River Point West by Great Lakes Capital begins construction June 2019 and will consist of a new 42,000 square foot Martin’s Super Markets store, 6,000 square feet of additional ground floor retail, and 172 apartments along the river.
Investment: $40 million
Bathed in light, LEX 530 is a new, urban event center in the newly revitalized River District on the east bank of the Elkhart River in downtown Elkhart. The bright, eclectic center, has an modern vibe and can accommodate up to 250 people for corporate events, not-for-profit galas, weddings, bridal and baby showers, or private parties are all perfectly suited for LEX 530.
Investment: Over $1 million renovation
Supporting Public Infrastructure
City of Elkhart
To launch and support the River District development, the City of Elkhart has invested in public infrastructure including all new streetscapes, extended River Walk, parking, and recreational amenities that will be complete by spring 2021.
Investment: $30 million