A racy redesign

July 19, 2007
Back to TopCommentsE-mailPrintBookmark and Share
500 Festival HeadquartersCheck out the new look for the former Junior Achievement building at 21 Virginia Ave. The office building is getting a new name, 500 Festival Building, along with a renovation in anticipation of the arrival of the nonprofit volunteer organization that puts on the 500 Festival Parade and other events. The 1919 building is owned by GSA Investments and is listed for sale by Harshmann Property Services, at an asking price of roughly $3 million. The project is across the street from the former Zipper Building, which Broadbent is renovating.
ADVERTISEMENT
  • Man this area is booming! In the span of only a couple years, this entire block of Virginia is going to be redone.
  • I am very pleased with all of the redevlopment that has taken place along that stretch of Virginia. With Penn Centre due to break ground in October, the SE quad is really pumping wth activity.
  • coryw, what is penn centre?
  • Indy, there was an article about Penn Centre in IBJ about two weeks ago. A developer is proposing two towers with hotels, condos and restaurants. The project will be across the street from Conseco Fieldhouse on what are now two surface lots.
  • thanks cityfan. hopefully the design turns out better than the terrible jw marriot.
  • There was also a blog post about Penn Centre. Here's the link: http://216.37.14.55/blog/?p=191
  • Has anybody heard anything new about the NW corner of Penn and Washington?
  • Not bad for what they had to work with.
  • Cory, any idea of what will become of the current home of the 500 Festival once they move? It's a beautiful space, though not terribly efficient as an office building, but it's physical attachment to IMG is kind of strange.

    I'd be interested to find out what IMG or whoever owns the Festival House will do with it once it's vacated.

    It's exciting for them to be getting a newly renovated building that was always intended for office space.
  • Penn Center is a proposed 28-story tower that IHPC whill chop down to 8 stories.

Post a comment to this blog

COMMENTS POLICY
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
ADVERTISEMENT
ADVERTISEMENT