Luxury apartments coming to Deerfield Township

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The same Indianapolis-based development company that wants to convert the 580 Building into downtown residences also is building a luxury apartment complex in Deerfield Township.

Anderson Birkla Investment Partners LLC acquired 14 acres on the south side of Natorp Boulevard in October for $2.2 million from Duke Realty. The company immediately sold three acres to another developer for a Homewood Suites hotel, according to Anderson Birkla principal Tony Birkla. An entity named Deerfield Hospitality LLC paid $900,000 for that site at the corner of Natorp and Wilkins Boulevard.

Anderson Birkla plans to build 227 apartments on the remaining acreage as part of a mixed-use neighborhood called Latitude at Deerfield Crossing, Birkla said. A Duke office building occupies adjacent property to the east.

“What we’re setting up to do is something that’s not happening in that market. We’re going to have a luxury product, luxury prices,” Birkla said.

The units will average about 1,000 square feet and should be ready for occupancy in the spring or early summer, he said.

More information was not immediately available, but check back here for further details.