Stonybrook Commons
3063 Redskin Drive, Indianapolis, IN 46235

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PARAGUS as
Developer,
General Contractor, and Property Manager

 

Year Completed: 1990

7 Buildings
122 Apartments

1 Bedroom Apartments: 0
2 Bedroom Apartments: 56
3 Bedroom Apartments: 66


Community Description

Stonybrook is located on the north side of 30th Street just east of German Church Road, in the Warren Township School District. Stonybrook offers four floor plans including a two bedroom/one bath floor plan, a two bedroom/one bath with master vanity plan, a three bedroom/one and one-half bath floor plan and a three bedroom/two bath apartment. Each apartment has its own microwave oven, a hook-up for full size laundry equipment, a patio or balcony and an outside storage closet.

Community amenities include a playground, a shelter house - picnic area, a community building with a community room for the resident's use and a coin operated laundry facility for residents who do not have their own laundry equipment.

Stonybrook was developed under the Section 42 Rental Housing Tax Credit program, operated under that program for 16 years and was sold by Paragus in 2007.

Paragus Incorporated acted as developer, Paragus Construction Company Inc. was the general contractor and Paragus Property Management Inc. managed the property.

Prodigy Award Winner - Best Magazine Advertisement (less than 200 Units)
Prodigy Award Winner - Best Landscaping (less than 200 Units)

The Prodigy Awards were created to honor excellence in the apartment industry. All members of the Indiana Apartment Association were eligible. The program is both a competition among members and an awards event to recognize winners of the competition. Each year the Indiana Apartment Association recognizes up to 40 apartment communities in the state for outstanding performance in select, pre-determined categories. Each category is judged according to specific criteria related to that category. Judges are apartment industry representatives and market professionals not associated with the state of Indiana. The apartment community judged to be the best in the state in a pre-determined category receives a prodigy award. 


The Paragus Group /2920 East 96th St., Suite A/ Indianapolis, IN 46240 / tel 317-846-4001 / fax 317-573-3939/ www.paragus.com