$30M Keystone mixed-use project seeks city approval

Back to TopCommentsE-mailPrintBookmark and Share

A $30 million, mixed-use project proposed for the southwest corner of 86th Street and Keystone Avenue will take what could be the first step toward city approval this week, but a prominent neighborhood group objects to the plan.

Hendricks Commercial Properties wants to build a five-story, L-shaped building with more than 36,000 square feet of ground-level retail space and 130 high-end apartments on the upper floors. Construction of the building, which would replace the vacant Woodfield Centre retail strip, could start this spring and be complete by the end of the year, said Mike Cook, the local attorney representing the Beloit, Wis., developer.

Dubbed Ironworks at Keystone Village, the project has grown since last May, when it was being promoted to potential tenants at the annual International Council of Shopping Centers convention in Las Vegas. At that time, Hendricks envisioned a four-story building with 40 fewer apartments and about 30,000 square feet of retail space.

The height of the building, about 68 feet, and its closeness to 86th Street are the main sticking points for the Nora-Northside Community Council, whose board voted unanimously Jan. 3 to oppose the project.

"Our brand is beautification of the 86th Street corridor," said Ruth Hayes, president of the group. She said "putting a 5-/12-story brick wall up against the street" is counter to that beautification goal.

Hayes is concerned that the Ironworks project, named for a project Hendricks developed in Beloit, could set a precedent for more mid-rise buildings being allowed up against 86th Street.

Urban planners typically applaud the idea of buildings built at the street edge, but along 86th Street it's more common to see parking lots screened by landscaping hugging the street. Ironworks calls for 365 surface parking spaces behind the building and 184 underground spaces.

Nora-Northside will remonstrate when the project comes before the Metropolitan Development Commission hearing examiner Jan. 10. The project is likely to be heard by the full Metropolitan Development Commission Feb. 6 regardless of the hearing examiner's recommendation.

Though the 6.4-acre property is already developed for commercial use, the site's commercial-special zoning category requires that anything built there go through the zoning process. Hendricks' petition also seeks approval for a 4,050-square-foot commercial structure to be built on an outlot south of the main building.

Retail real estate brokers told IBJ for a story last June that Ironworks, which would be built along one of the richest retail corridors in the state, could easily command rents in the $30-per-square-foot range. The site is across the street from the Fashion Mall at Keystone at the Crossing, which houses the only Indiana location for Saks and other high-end retailers.


  • Need new blood
    Someone needs to replace Ruth Hayes. I'm not volunteering mind you, but she rules with an iron fist and fails to acknowledge the progress that Nora needs to embrace in order to remain relevant. What was she doing to help the businesses that slowly atrophied in the existing setting (which met her design guideline?)
  • Nora Northside
    In my humble opinion, there is no greater example of a small, vocal minority that claims to speak for the majority than Nora Northside. This will get approved, though, because not a soul listens to what Nora says these days.
  • Compromise
    I live in Nora and I agree with some of the other comments about Nora not wanting to move forward. I believe this neighborhood is desirable based on location and amenities, however it appears the Association does not want to improve on it. I agree the traffic will be a concern but lets hope the different parties can come to an agreement on leveling this eyesore strip mall.
  • Setback
    Idyllic -- Your eyes don't deceive you. Technically the proposal is only 10' from the 86th ROW and code says they need to be 21'. However, the swale next to the street is in the ROW and the developer proposes an outdoor seating area to the north of the building. Add those up and the building is actually 55' from the edge of the 86th St. pavement. But they still need a variance.
  • Say what Ruth?
    I clicked on the link, but I couldn't find the brick wall up against the street or sidewalk. It looks like the building is set back quite a bit from the street. Is the rendering misleading? It looks like quite an improvement.
  • Looks decent
    I almost choked when I read Ruth Haye's comment about "our brand is beautification of the 86th St corridor." The newest development of a site is a Taco Bell next to a Jimmy John's and that helps? Time for the Nora Council to drop its mulish opposition to the neighborhood joining the 21st century and let some modern development take place. I do have some concerns about traffic but I think there is more to be gained by more retail and residents than potential problems.
  • Project Renderings
    Project renderings can be seen here; http://www.hendricksgroup.net/property/details.aspx?a=46
  • no different
    Why is this bldg. anymore displeasing than the other commercial bldg.s immediately to the south and west of where this one would go. To the west of this bldg is a furniture store and long term hotel. The only difference is this will sit a little higher than the current bldgs. Also this is an intersection of Keystone and 465. Its not pretty to begin with and what person would try to "walk" that close to all that car traffic.Even if I were to live there I would drive over to Keystone at the Crossing
  • Translation
    Nora - We want walkable, community oriented design so we can walk to shops and restaurants and it will be a peaceful place to raise a family. Nora real life - we are scared of people and proximity and want parking lots for cars to be our gateway.
  • Ironworks
    More apartments added to Ironworks

Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ
  1. Good Day I am Mr (Victoria Wright) from United state of America, i stayed in NEW YORK, and i have a broke up business, until i found this company email who help me to gain a loan for business,, and now i want to used this short medium to congratulate the below company for the fast and safe money they loan to me without any form of collateral, i loan 500,000USD from the company to save my business and lots more, i saw their mail on the internet, everyone always give testimony for what they did, so i quickly contacted them and they all did everything for me without stress and my money was sent to my account just 3 days later, i was surprise and i feel so glad, now i have a standard business control agent who help me, now i will advice those who need urgent loan to contact him at the bellow email:zenithfirm12@gmail.com

  2. NOTICE:This is to inform the general public that Vampires are real. My name is James Franklyn.,am an agent of vampire,am here to introduce our new world trend to you,a world of vampire where life get easier,we have made so many persons vampires and have turned them rich,you will be assured long life and prosperity,you shall be made to be very sensitive to mental alertness,stronger and also very fast,you will not be restricted to walking at night only even at the very middle of broad day light you will be made to walk.In case you are wildly oppressed by some unscrupulous persons we can still help you fight them.Your protection is assured immediately you join.Just contact the bellow email if you are interested we are here to attend to you anytime you want us. Contact the bellow email for more details. Email:vampirescreed@hotmail.com Sincerely: James Franklyn.

  3. Bravo! Someone else that is willing to speak the truth! Bravo!_____NBCSN is available in almost 2 MILLION more homes than just a few years ago, but Indycar STILL gets less total viewers than it did just a few years ago when NBC took over Versus. Attendance and ratings cratered with the end of season races (just when the title battle got "interesting" HAH!__________And now...new race in Basilia, where Miles celebrated the "rich history" of Indycar racing there. Rich history? What, 7 events in the 100 years of AOW? Yep, some history. Well, at least its an oval. It's not??? Are you kidding me??? Gosh darn road racin furriners.

  4. PURITY RAY LOAN OFFER........ Have you been denied by your banks,or are you in need of of an urgent loan to pay of your bills we are capable of giving loans @ cheaper rate to interested individuals, student, companies and members of the public in need of finance to settle bills, we do offer considerable loans which you can count on. For more information on our various types of loan,then you will have to contact PURITY RAY LOAN FIRM, to help you achieve your desire LOAN APPLICATION FORM TO BE FILLED BORROWERS INFORMATION * Full name:………………………. * SEX * ……………………………. * Country………………………….. * State:……………………………. * Land:…………………………….. * Occupation:…………………….. * phone number:…………………. * Telephone: ………………………….. * Age:………………………………. * Amount needed as loan:……… * Loan Duration:………………….. * Propose of Loan:……………….. * Annual revenue:………………… * Monthly Income:……………….. * Guarantee:………………………. * Payment: monthly or annually Email.....purityrayloanfirm@gmail.com Thank you and God bless Mr Purity Ray PURITY RAY LOAN FIRM we tend to serve you better

  5. Problem: most of the people responding to this article don't know about this service AT ALL! Why? Lack of awareness. This isn't IndyGo. This is CIRTA: might as well be the mattress company because they are asleep at the wheel - something like 3 directors over the last year? Playing with federal grant money is great! This "region" wants commuter rail service, has spent MILLIONS on Transportation studies yet can't even support a commuter bus line? This is largely for suburban riders to get to downtown - not for "service people to work in our hotels and restaurants" ! Get your head out of your backside!! These are professionals, students etc. that don't want to fight traffic, save some money on parking, gas, stress.... if CIRTA would put their federal money into widely promoting the sevive to Greenwood, Fishers & Carmel instead of finding directors and studies - this would be a successful service. Our family uses(d) it daily for the last several years - but the recent uncertainty & now unreliability due to cuts from Carmel has been a problem. Now, costs us an additional $350/month for gas & parking ( $4200/year) plus vehicle wear, service, environmental impact ... YES - this REGION needs this this type of service in order to keep growing and getting the people it needs to fill skilled positions in downtown Indianapolis. Think outside of your own car !!!