DePauw University and the City of Greencastle have selected Buckingham Companies of Indianapolis as the development partner for the Seminary Square mixed-use project.
The development represents a critical component of Growing Green and Gold Together, a campus and community initiative designed to support local economic growth and enhance the quality of life in the region.
The Seminary Square development will transform a key area near downtown Greencastle into a vibrant, mixed-use district integrating residential, commercial and community spaces. This project aligns with DePauw’s long-term vision of promoting sustainability, supporting local partnerships and enhancing the daily experience of both students and residents.
The Seminary Square plan calls for two new multifamily residential buildings totaling 120 units.
Planned design features include green space, parking and the DePauw bookstore. The site plan consists of a two-block area with frontage on Seminary, Indiana and Poplar streets. Vine Street will run through the middle and be converted to pedestrian use.
The project is scheduled to be completed in 2028.
As part of the project, Ashley Square Cinema will be razed and the theater will be relocated downtown as a one-screen, 100-seat operation in the Eli’s Books building at 6 E. Washington St.
“We are excited to meet the next milestone in this incredible project,” Growing Green and Gold Together Project Director and Community Liaison Jason Chew said. “Throughout the proposal process, Buckingham Companies demonstrated their experience in mixed-use development, deep commitment to fostering strong community ties, and an understanding of the needs of Greencastle and DePauw, making them the right choice for this initiative.”
“Buckingham is proud to partner with DePauw and the City of Greencastle,” said Justine Massonnier, Buckingham senior vice president of development operations and design. “We tip our cap to this forward-thinking community and their Growing Green and Gold Together initiative. With this project, our objective is to enrich the broader community, honor the special character of DePauw and Greencastle, and promote their mutual growth.”
DePauw, the City of Greencastle and Buckingham all cite their appreciation of the community’s enthusiastic engagement in a transparent planning process. Together, the partnership aims to create a dynamic living and community space that captures DePauw’s liberal arts spirit while strengthening connections between the university and surrounding community.
Growing Green and Gold Together is a collaborative initiative between DePauw University and the City of Greencastle. The initiative focuses on community development, economic growth and quality of life improvements that benefit all residents of Putnam County.
Celebrating more than 40 years in business, Buckingham Companies is a fully integrated real estate investment firm specializing in the development, acquisition, management, and construction of multifamily, mixed-use, commercial and hospitality projects across the United States. Buckingham has managed in excess of $4 billion of real estate assets comprising more than 125 properties, over 28 million square feet, and more than 25,000 rental units nationwide.
The Indianapolis-based company has nearly 400 employees.
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