Where Strong Foundations are Built

TWG Construction

TWG is a real estate development company that is proving itself an impressive player in the market. From residential to commercial projects, as well as historic renovations, the firm continues to take advantage of available funding to develop viable projects that have a positive impact on the community.
TWG has three main branches of expertise: development, construction and management. With three related entities, TWG Development, TWG Management and TWG Construction, it has made its mark on the sector by building strong and lasting foundations in the communities in which it operates.

With plans to expand into new markets, TWG Construction is on the radar in the construction industry as it aspires to become a national player. Specializing in commercial, market rate, affordable housing and senior housing, it is a real estate developer on the rise and the industry is taking notice.

TWG Construction was established in 2007 with the intention of developing, owning and managing housing communities in the Midwest. Headquartered in Indianapolis, Indiana, the company has come a long way from its founding as an affordable housing management firm with only two affordable housing projects. Now managing over twenty affordable housing projects, TWG has experience in mixed-use urban developments, market rate housing, historic renovations, affordable housing, multi-family residential construction, third-party construction and market rate housing management. It has developed over 2200 units and has an additional 1700 developments planned.

What TWG Construction offers is project development from initial concept through leasing and stabilization. To date it has undertaken $333 million in development. With $184 million in projects in development or under construction and another $154 million in additional projects in the pipeline, its place in the industry has been solidified.

Looking at TWG’s portfolio, which boasts work of varying sizes and complexities, there are countless projects that exemplify the firm’s capabilities. Mixed-use urban developments are one of TWG’s strengths, and the firm recently completed four mixed-use projects in Indianapolis and Fishers, Indiana, with three more under construction in Indianapolis and Des Moines, Iowa. TWG also has a great deal of new and historic renovation projects both completed and underway.

One of its notable current projects is the rehabilitation efforts that are ongoing at the former Ford Motor Company assembly plant on East Washington Street in Indianapolis’ east-side, a neighborhood that has experienced challenges since industry moved out, leaving buildings like the Ford facility idle.

The 103-year-old building was purchased by TWG in 2017 for $1.65 million from Indianapolis Public Schools, which was using the space for storage. The four-story, 200,000 square foot facility will be reimagined as a mixed-use residential and retail complex. In addition to retail and residential units, the building will also serve as TWG Development’s new headquarters.

A $4.65 million loan to support the work has been secured in the form of a Community Development Block Grant from the federal government. Tax increment financing and federal and state historic and industrial revitalization tax redevelopment credits are also being pursued. The building will be modernized with amenities like secure indoor parking, bicycle storage, a fitness center, a coffee bar and lounge, a rooftop deck and designated barbeque space, a bocce court, and unmatched views of the city’s skyline.

The apartments will feature loft ceilings, large windows, granite countertops, stainless-steel appliances and walk-in closets. A total of 132 apartments will be developed, 68 of which will be one-bedroom affordable units, 30 one-bedroom market rate units, 31 two-bedroom market rate units and three three-bedroom market rate units. The affordable housing component of this development is expected to help maintain the cultural and economic diversity that is characteristic of the neighborhood that was once a vibrant retail area that has come upon hard times.

One of TWG’s specialties is to be able to leverage available funding sources such as historic tax credits to bring historic buildings back to life, developing visions into realities and breathing new life into communities, as demonstrated by the Ford assembly plant project. The Ford assembly plant once served as a community anchor and, once repurposed, will again serve as a focal point for the neighborhood and will help to revitalize the community. This is the impactful development that is characteristic of TWG.

Another specialty of TWG is multi-family residential and light commercial construction for the Indiana market and the surrounding states in the Midwest. The company also offers third-party construction.

The TWG name is also recognized in the market for undertaking projects that include affordable housing, as well as market rate housing and market rate housing management. Since the company’s founding, it has been committed to working with local cities, state agencies and not-for-profit organizations to meet the demand for affordable and market rate housing options.

TWG has experience in urban areas and to date has developed over 700 market rate apartment units. It currently has over 550 market rate apartments under management and was expected to add over 200 more in 2017. This is a testament to the capacity and expertise TWG brings to the table in terms of capacity, being able to undertake projects from a variety of housing markets and serve those markets with unparalleled professionalism and expertise.

Supported by a team of educated, passionate, knowledgeable and experienced employees, TWG Construction is proud of the fact that is has both the experience and expertise within its ranks to be a serious player in the markets it serves: development, management and construction in commercial, market rate, and affordable housing sectors. As it continues to experience success, it looks to grow in new prospective markets which have been identified as Texas, Colorado and Pennsylvania; this move would give TWG the national footprint it aspires to have.

If this growth is sustained, there is no question that TWG will continue have an impact on the market and will find itself amongst the most reputable players in the market. Its project portfolio speaks for itself and the volume of work it undertakes is indicative of the demand that exists for its expertise in the realm of development, management and construction.

June 17, 2021, 10:02 PM EDT