REAL ESTATE

Kokomo developer opens residential portion of $26M mixed-use project, seeks commercial tenants

Goodin Development says the residential portion of its $26 million mixed-use project in Kokomo is open, delivering 114 apartments with amenities and rents of $1,179–$1,895. The project includes 3,000 sq ft of commercial space still available; the city approved financing in 2024 and construction began in 2025.

BUSINESSINDY BRIEFBy BusinessIndy Editorial StaffCommentsPublished October 11, 2026 at 9:03 PM EDT

AI-generated illustration of the topic: Kokomo developer opens residential portion of $26M mixed-use project, seeks commercial tenants — AI illustration · Not a photograph of the reported event.

Goodin Development’s $26 million mixed-use project in Kokomo has opened its residential portion, offering 114 apartments with stainless-steel appliances, smart-home technology, private balconies or patios, and shared amenities including a fitness area, pet spa, game room, community spaces and a co-working room. Rents run from $1,179 to $1,895 per month.

The development also includes about 3,000 square feet of commercial space that the developer says is available for light office use or small businesses such as a coffee shop. WISH-TV reports Kokomo’s Common Council approved a nearly $3 million forgivable loan and up to $4.2 million in tax-increment-financing bonds for the project in 2024; construction began in 2025. The site is a vacant lot at Hoffer and Elizabeth streets.

WHY IT MATTERS

This report matters because it documents new housing supply and commercial storefront space in Kokomo at a moment the city has reported rapid population growth. WISH-TV’s article cites U.S. Census figures showing Kokomo’s population grew from about 45,000 in 2010 to roughly 60,000 in 2025. Goodin Development says local housing supply lagged that growth, and the opened apartment units add options for residents seeking newer, amenity-rich apartments in town.

For residents, the headline details to note are the apartment features (stainless-steel appliances, smart-home tech, private balconies/patios) and the advertised rent range ($1,179–$1,895), which help renters compare this product to other local offerings. For small-business owners or brokers, the project’s remaining ~3,000 sq ft of ground-floor commercial space is the immediate opportunity to service building residents and nearby neighborhoods; the developer is marketing it for light office use or small retail like a coffee shop.

Next milestones to watch: which tenants sign the commercial leases and when the project reports broader occupancy figures. The financing approvals the Common Council granted in 2024 (a nearly $3 million forgivable loan and up to $4.2 million in tax-increment-financing bonds) are recorded background for the project, and local officials’ or the developer’s future updates will show how the commercial component performs and whether the development meets local housing demand.

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WISH-TV: $26 million mixed-use development brings new apartments and commercial space to Kokomo ↗

Primary reporting or source material published October 11, 2026 at 8:49 PM EDT. Prepared with AI assistance from the linked research; material claims remain attributed in the article.

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