
King Park Area Development Corp. is in advanced talks with Ace Hardware to anchor a new retail project at
the northeast corner of 22nd and Delaware streets. Whether the roughly $2-million project gets off the ground depends on if
King Park lands a $521,000 job creation grant from the U.S. Department of Health and Human Services, said Janine Betsey, the
group's executive director. She declined to reveal many details about the project, which she described as preliminary. Locally
based A2SO4 is designing the building, but no rendering was available.
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Fall Creek Place was a great project. But the serious incompleteness in it is that it was 100% residential, and the purely single family district they created was not a neighborhood in a real sense since it was monolithic. I always look to see if there is a pedestrian anywhere when I drive through FCP, and almost never see one.
The live-work buildings at 25th and Delaware were a huge shot in the arm, particularly with the Goose. And they look nice too. A retail district along 22nd St. would be great - if done right.
If they turn this into a typical inner city Indy strip mall, it will be an opportunity missed. Clearly, there will be a parking lot. But how parking is integrated into the site design (preferrably in the rear or above/below grade), as well as the overall design of the buildings: their architecture, massing, materials, how they relate to the street and the surroundings, how they express the character of Indianapolis, the tenant mix - these are the that will determine if the project is a success or not. A hardware store, as a neighborhood convenience item, is a good start. If this ends up looking like the Walgreens at 16th and Meridian, that would be sad. It doesn't have to be expensive. I believe a good design doesn't have to cost much if anything more than a bad one. It just takes a desire to do something of quality.
By the way, since this is a CDC backed project with public grant money involved (i.e., tax dollars), then clearly the public deserves a say on this project.
The live-work buildings at 25th and Delaware were a huge shot in the arm, particularly with the Goose. And they look nice too. A retail district along 22nd St. would be great - if done right.
If they turn this into a typical inner city Indy strip mall, it will be an opportunity missed. Clearly, there will be a parking lot. But how parking is integrated into the site design (preferrably in the rear or above/below grade), as well as the overall design of the buildings: their architecture, massing, materials, how they relate to the street and the surroundings, how they express the character of Indianapolis, the tenant mix - these are the that will determine if the project is a success or not. A hardware store, as a neighborhood convenience item, is a good start. If this ends up looking like the Walgreens at 16th and Meridian, that would be sad. It doesn't have to be expensive. I believe a good design doesn't have to cost much if anything more than a bad one. It just takes a desire to do something of quality.
By the way, since this is a CDC backed project with public grant money involved (i.e., tax dollars), then clearly the public deserves a say on this project.
But you know going in to these small hardware stores that you're going to pay a little more for the convenience of not having to drive 20 minutes ... to save $2.
And I love that Fusek's is next to the grocery. And that they are the only place open on Sundays, save for the big boxes. I wouldn't go to buy a water heater, but when you need supplies to finish that job at the last second...it's nice.
Terrible!
Kudos to ACE... I hope it happens... I'll be hoofin' it there for supplies, that's for sure!
It seems to me that the end result is either A) a shift of low-paying retail jobs from one part of the City to another or B) a needless half-million dollar subsidy to a developer for a project that the market was already demanding.
Hopefully, somebody can explain the need and justification for the grant, other than to say that nothing's developed there yet.
We (by that I mean the collective polity of the city) have decided that it's better to have Fall Creek Place than Dodge City between 22nd St. and Fall Creek from Meridian over to College. Ten years ago, the market mechanism had ground to a halt...or rather, it bred an endless cycle of tax sale, slum rentals, and ultimately, decay and demolition.
Fixing decades of disinvestment and reweaving the urban fabric requires either patient capital or outright grants. That's usually because the actual and perceived costs of doing business in an urban redevelopment area are higher than in, say, Fishers. In short, incentive grants are necessary to draw out private investment. To that end, Fall Creek Place is part of numerous special zone designations, including Enterprise Zone. It's a focus of government investment...again, a policy decision.
Finally, not everyone in Fall Creek Place lives in a two-degree, two-income household. The folks who don't might appreciate having entry-level or post-retirement jobs that don't require a graduate degree.
Fall Creek Place does tend to need to work harder to land retail development for a number of reasons. Largely though, FCP still doesn't look good on paper. When any non-local corporation looks at either the zip code or census tract information for Fall Creek Place, neither are too inviting as of yet.
Even data from two years ago can't compete with the urban utopia that is Carmel. Do they still pave the streets with candy up there?
I understand that there are real and perceived costs that are higher there than at some other locations, but it would get built eventually if the market would justify it. It doesn't seem like good policy to me.
I think a labor grant that helps a neighborhood-scale business get started generating activity, jobs, rent, property taxes, sales taxes and wage taxes on an empty site is a good thing for Indianapolis.
There's only so many dollars that Marion County and Central Indiana residents have to spend. I still believe the market will meet that demand for retail space, with or without subsidies. I highly doubt that the money people would spend at this development would otherwise be spent outside Marion County, thus I believe the net gain in property and sales tax revenues, as well as number of jobs would be negligible. Of course, my objection would be much more relevant to M.C. taxpayers, if and when a property tax abatement were to be requested.
Subsidy is a long-established and reasonably straightforward method of levelling the playing field when the stated goal is bringing necessary services and jobs to underserved neighborhoods.