News & Events

Roger Gant sat on his bicycle across the street from where a $150 million renovation is taking place to reinvent the Meadows on the Northeastside of the city.

Phase one of the 248-apartment complex called East Village at Avondale Meadows is complete. The long term plan is to have 800 units. It will have 70 percent occupancy reserved for low-to- moderate income residents while the rest will be offered at market rate. (more…)

His day job: Warren Buffett is chairman and CEO of Berkshire Hathaway. The Omaha, Neb.-based holding company has 76 operating businesses, including three headquartered in Indiana.

His wealth: With an estimated fortune of $39 billion, he is listed as the second-richest person in America by Forbes magazine, right behind Bill Gates. (more…)

The second richest man in America is in Indianapolis helping to transform a neighborhood known for its crime. Warren Buffett, who’s worth $39 billion, is focusing some of his money and attention on the area known as the Meadows.

Warren Buffett brought his checkbook to Indianapolis Wednesday.

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Mayor Greg Ballard today celebrated the opening of East Village at Avondale, a 248-unit mixed-income apartment community that is part of a holistic urban redevelopment aimed at revitalizing Indianapolis’ historic Meadows neighborhood. Tom Cousins, founder of the Atlanta-based non-profit Purpose Built Communities (PBC) consulting group, and financier Warren Buffett joined Mayor Ballard along with other stakeholders for the event. (more…)

A multimillion-dollar redevelopment on Indianapolis Northeastside today got a big vote of confidence from three billionaires, including the nations second-richest man.

Business magnate and popular investor Warren Buffett — the richest of the three — came to Indianapolis today to help celebrate the opening of the 248-apartment complex, East Village at Avondale Meadows. The apartments are part of a redevelopment of the historic Meadows neighborhood on East 38th Street just east of Keystone Avenue. (more…)

Atlanta developer Tom Cousins witnessed first-hand the early phases of the “miracle” he pulled off in the transformation of East Lake community at the Avondale Meadows community in the northeast section of Indianapolis.

In an effort to spread the success to cities across the country, Cousins founded Purpose Built Communities; and he was able to get philanthropic support from two business superstars — billionaire Warren Buffett and former hedge fund leader Julian Robertson. (more…)

Dignitaries gathered Wednesday to cut the ribbon on the revitilization project called Avondale Meadows on the east side of Indianapolis.

The 100-acre revitilization includes 800 new multi-family mixed income housing, retail and schools. (more…)

Warren Buffett helped unveil a new community project on the north side of Indianapolis Wednesday.

The billionaire is lending his support to an apartment complex that’s trying to bring new life to the Meadows neighborhood.

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Billionaire investor Warren Buffett is backing revitalization efforts in one of Indianapolis’ most troubled neighborhoods.Purpose Built Communities, an Atlanta-based nonprofit consulting group, is spending $150 million to bring new life to 100 acres in the Meadows area, just east of Keystone Avenue along 38th Street. (more…)