(Portage, IN) - The ninth and final building in the Promenade at Founders Square mixed-use multifamily development in Portage, IN, is complete and has obtained Certificate of Occupancy. Holladay Properties broke ground on The Promenade at Founders Square in April 2017 and we officially wrapped up the project on Friday, September 27, 2019.
"Congratulations to all parties involved on this great achievement," said John Phair, President & CEO of Holladay Properties. "This project has been a huge part of Holladay Properties since we began planning for it in 2014 and it is tremendously satisfying to see it completed."
Holladay began working with the City of Portage and surrounding property owners to plan the walk-able urban community in 2014. The Promenade at Founders Square incorporates input from the City Council, Mayor’s office, Redevelopment Commission, and City Planning Department.
"This project began with a vision for creating a bon-a-fide downtown in Portage, IN, and from the outset, we knew the bar would need to be set high," said Drew Mitchell, Partner & VP-Development for Holladay Properties. "Through our collaborative development approach with the City of Portage, Holladay Properties is beyond thrilled with the project’s remarkable success. The market has responded incredibly favorably to the product mix, and the project’s full occupancy – including both commercial and residential – is a testament to the strength of the Portage market and its acceptance of quality development."
The development team for The Promenade at Founders Square has taken steps to rise above average living and create an ultimate atmosphere for residents, tenants and community members of Portage. The community offers abundant amenities including a 24-hour clubhouse/lounge, fitness center with Wi-Fi access, an outdoor pool and sundeck, and a pet park, as well as location amenities including immediate access to Founders Square Park, which includes a splash pad and amphitheater that holds live music and movies on the weekends, and Hannah's Hope All-Inclusive Playground.
“The Promenade is an experience. It has something to offer for everyone,” Kennita Williams, Property Manager for The Promenade at Founders Square, said. “We are conveniently located near everything, not far from restaurants, and close to the expressway for those who may work in downtown Chicago.”
The Promenade at Founders Square offers 304 residential units ranging in size from studio to 3-bedroom apartments and appeals to a wide array of residents. The community also offers 10,000 square feet of ground floor commercial space and is home to businesses including the Greater Portage Chamber of Commerce, Three's Kompany Hair Design, Big Time Burgers + Brews, Sauced Pizza & Beer, and Healthy Smiles.
While the Promenade at Founders Square welcomed its first residents in June 2018, the community has been consistently undergoing development and construction, with new buildings, businesses, and amenities opening almost monthly. This constant activity has been overseen by a large team of developers, managers, and construction managers, both at Holladay Properties and Holladay Construction Group, the project's General Contractor.
"Thank you to [everyone] for the hard work and commitment to quality on this entire project," said Jackie Green, Partner & VP-Property Management for Holladay Properties. "The ability to keep the project on schedule with lots of cooperation with the onsite management team has been the key to success. It’s been a pleasure to be a part of this project."
Learn more about the residential community at The Promenade at Founders Square by visiting www.FoundersLiving.com.
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