City grants tax abatement for housing development

A developer from Fishers has been granted a tax abatement from the city for a workforce housing development project on the east side of Columbus.

The Columbus City Council voted 6-0 to approve the request from RealAmerica Development LLC for an $11 million project known as Gladstone Apartments. City Councilman Tim Shuffett was absent from the meeting.

The Fishers-based company plans to build the three-story complex at 411 S. Gladstone Ave. as part of an affordable-housing development that will bring 12 one-bedroom units, 36 two-bedroom units and 12 three-bedroom units, said Jeff Ryan, vice president of development with RealAmerica Development LLC.

For more on this story, see Thursday’s Republic.