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$7.5M Fletcher Arts project gets back on track

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On The Beat Industry News In Brief

Developer and architect Craig Von Deylen is finalizing plans for a mixed-use project called Fletcher Arts just west of the intersection of Virginia Avenue and East McCarty Street.

The project at 719 Virginia Ave. calls for 57 market-rate apartments, 7,000 square feet of storefront commercial space, and a 58-space parking garage. It is a scaled-back version of a proposal Von Deylen has been working on for about two years.

The first phase of the project, including the apartments and parking, will cost $6.5 million, said Von Deylen, who has closed on the property and is awaiting term sheets from two lenders. The commercial phase would add $1 million, he said.
 

OTB Fletcher A developer has scaled back a project planned for Fletcher Place. (Rendering Courtesy Blackline Studio)

Von Deylen hopes to recruit an arts-focused organization (other than iMOCA, which has settled in at the Murphy Arts Building, which he co-owns) to take first-floor space in Fletcher Arts, which will sit along a future phase of the Indianapolis Cultural Trail.

The project still requires Regional Center approval. Von Deylen hopes to begin construction in late spring.

The designer is Blackline Studio, a new local firm led by Craig McCormick, who described the building’s design in an e-mail: “Simple contemporary forms are articulated to express the playful culture of the neighborhood. The design is a balance of urban fortitude and the lightness and transience of contemporary life.”

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  1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

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