THE ELWOOD IS NOW UNDER CONSTRUCTION ALONG HOFFER CORRIDOR
The new mixed-use development planned for the northeast corner of Hoffer and Elizabeth streets is officially underway. Officials from the City of Kokomo, Rebar Development, Goodin Development, and project partners celebrated the groundbreaking ceremony for The Elwood today. The project is a $26 million investment and brings apartment homes, commercial space, and public infrastructure improvements to the area.
"The Elwood is a shining example of Kokomo's thoughtful and strategic growth in action,” said Kokomo Mayor Tyler Moore. “This project transforms long-vacant lots into vibrant new housing and business opportunities, adding to the vitality of the Hoffer corridor and showcasing what's possible through strong partnerships investing in our neighborhoods."
Project developers, Rebar Development and Goodin Development, worked closely with the City of Kokomo to ensure The Elwood sets a high standard for development quality in this growing area. The project redevelops blighted, vacant parcels and adds residential density that will help support local businesses and restaurants.
The project brings 114 modern one- and two-bedroom apartment homes with elevated lifestyle amenities and 3,000 square feet of commercial space uniquely suited for a restaurant with outdoor seating.
“I am excited to partner with the City and Goodin Development on this impactful project,” said Shelby Bowen of Rebar Development. “Kokomo continues to set the standard for growth in this region, and we are proud to play a role in that continued momentum.”
“The Elwood will set a new precedent for quality, design, and community-focused development in Kokomo,” said Justin Goodin, CEO of Goodin Development. “We are proud to be a part of a project that will create long term value for this community.”
The Elwood Apartments will feature spacious floor plans with modern kitchens that include quartz countertops, stainless steel appliances, tile backsplash, and center islands. The apartments also come equipped with a full-size washer and dryer, tile surrounds in showers and tubs, large closets, and a balcony or patio in every unit.
Future residents will enjoy an extraordinary amenity package consisting of a work-from-home lounge with grand rooftop patio, state-of-the-art fitness center, an indoor/outdoor resident cafe, indoor bike storage, pet spa, pedestrian plaza, and a courtyard with outdoor grilling stations and a fire pit.
“We believe The Elwood will be a beautiful keystone along Hoffer Street and a great place for people to live, have fun, and be close to a tremendous amount of employment opportunities,” said Bowen.
The project also includes Elizabeth Street infrastructure improvements, including street parking to support the residents and future business tenants.
Construction is slated to be completed in Fall of 2026 with leasing starting in the spring. Anyone interested in living or bringing a business to The Elwood should visit www.TheElwoodApartments.com to join the interest list. You can also follow the progress on Facebook and Instagram at @TheElwoodApts.
