Ambrose Announces New Glick Partnership to Strengthen Downtown Indianapolis
INDIANAPOLIS – Ambrose Property Group today announced its new vision for the future which includes a new residential partnership at Waterside with the Gene B. Glick Company.
“As we look forward to the next 10 years, we are doing so with a powerhouse leadership team and a group of respected partners – like Glick – who are fully committed to our community from both a real estate and a philanthropic perspective,” said Aasif Bade, founder and president of Ambrose. “Community-involvement and charitable initiatives have always been core to Ambrose and we’re excited to increase our impact in these areas as the future unfolds.”
Ambrose will partner with Glick to build and manage apartment homes at Waterside – over 100 acres in downtown Indianapolis that will expand the urban core of the city for generations to come. Glick, which is headquartered in Indianapolis, is one of the largest real estate ownership, development and management firms in the country. Within central Indiana, Glick is particularly well-known for giving back to the community and for its association with Glick Philanthropies, a family of charitable initiatives, programs and organizations.
“Ambrose’s vision for this project aligns closely with our values relating to community development and creating opportunities to strengthen the neighborhoods of Indianapolis,” said David Barrett, president and CEO of Glick. “We view Waterside as a once-in-a-generation project and we are impressed by the Ambrose team’s desire to not just be developers of real estate, but to focus on the civic and philanthropic aspects of this important project.”
Ambrose also recently announced the finalists of the Waterside Design Competition. The finalists and members of their design teams will visit Indianapolis next month and give public presentations that describe their studio’s approach and design philosophy. The Waterside Finalist Introductions are free and open to the public, and will take place at 5:30 p.m. on Wednesday, June 12, at INDUSTRY (545 Kentucky Ave., Indianapolis, Indiana).
For more information about Waterside, visit hellowaterside.com.
Ambrose Property Group
Ambrose Property Group is a recognized leader in real estate ownership, development and redevelopment in Indianapolis. Founded in 2008, Ambrose has steadily scaled operations into one of the industry’s most recognized leaders. Ambrose has completed 42 real estate transactions, including developments and acquisitions totaling more than $750 million. In 2018, Ambrose acquired Waterside, the former General Motors stamping plant. This premier economic development project features more than 100 acres in downtown Indianapolis that will expand the urban core of the city for generations to come. Civic-mindedness is central to the Ambrose mission and they are guided by a vision of being a philanthropic leader focused on improving the community for everyone. The Ambrose leaders exemplify this vision as community advocates serving on more than 12 boards including Central Indiana Community Foundation, Indiana Humanities, the Indianapolis Cultural Trail, the Indianapolis Zoo and Indiana University Foundation, among others.
About Gene B. Glick Company
Founded in 1947 and based in Indianapolis, the Gene B. Glick Company is a privately held real estate ownership, development and management firm, with more than 20,000 units in 13 states. The company’s philosophy, “Built to Be Home,” is reflected through its industry leadership in customer service, property management and quality construction of affordable and market-rate apartment units. Glick has a long tradition of giving back to the communities where it operates through its corporate social responsibility efforts and association with Glick Philanthropies, a family of charitable initiatives, programs and organizations focused on building community and creating opportunity. Since 1982, Glick Philanthropies has invested nearly $200 million to strengthen the quality of life in central Indiana and in communities where Glick properties are located to ensure that people can reach their full potential and lead lives of dignity.