Discover Your Next Investment Opportunity: City Rise
City Rise delivers for-sale urban housing in Bloomington’s fastest-growing innovation corridor, where supply is constrained, demand is driven by Indiana University and tech sector growth; while comparable product does not exist. This project targets an underserved segment between student rentals and luxury single-family, capturing both owner-occupant and investor demand.
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CITY RISE
A proposed five (5) story, 55-unit downtown Bloomington condominium community offering mid-luxury amenities at pricing accessible to a broad buyer base, supporting Bloomington’s economic growth.
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Location
Welcome to a prime piece of real estate located on the southern 0.98 acres of a 1.82-acre property at 621 N Rogers Street. This property is perfectly situated across from the Bloomington Trades District, just 0.7 miles from the vibrant downtown square and 1 mile from the prestigious Indiana University. With its strategic location, this site offers a unique opportunity for development in an area seeing additional investment and growth. Don't miss your chance to be part of this blooming area!
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Marketability
For-Sale Supply Constraint
The for‑sale condominium market in and near downtown Bloomington is structurally supply‑constrained. Limited available infill lots with difficult development standards.
Pricing Power via Downtown Adjacency
Proximity to downtown amenities and employment centers creates a buyer pool driven by lifestyle and convenience. I.e. - 5+ major employers within 5 miles.
Unmet Ownership Demand
Designed for young professionals, downsizers, and long‑term Bloomington residents—an underserved cohort—City Rise minimizes direct competition and directly targets unmet ownership demand.
Below-Market Pricing Relative to Downtown
City Rise is positioned to deliver permanent housing priced below Downtown Bloomington’s prevailing condo market. Price per square foot sits below active comps as seen to the in the chart to the left.
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Timeline
Construction is set to begin in Q2 or Q3 of 2027, contingent upon achieving 55% presales of the units. The construction phase is to last for 22 months, with the final sale and transfer of property to the COA expected to occur in Q4 of 2029. *Timelines may vary based on land and investment availability*
