Apartment developer Milhaus buys former Harrison College property for $6.3M – Indianapolis Business Journal
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Indianapolis-based developer Milhaus has acquired part of the former Harrison College campus downtown on East Washington Street and intends to build an apartment complex.
A Milhaus affiliate bought the property at 550 E. Washington St. on Aug. 29 from Harrison for $6.3 million, according to Marion County assessor records. The property includes a 50,000-square-foot building and a surface parking lot.
In a surprising development, the for-profit college announced it was shutting its doors on Sept. 14.
A Milhaus spokeswoman told IBJ via email on Friday morning that the Aug. 29 property acquisition had included an agreement to lease the building back to Harrison for three years while Milhaus developed apartments on the surface lot.
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