Metropolitan Development Commission and Commercial Real Estate and Apartments and Residential Real Estate and Proposals and Urban development and Development/Redevelopment and Historic Preservation and Zoning and Rentals and Real Estate & Retail

Disagreement about parking delays project on Meridian Street

February 27, 2010

A local developer’s plans to renovate a long-vacant and graffiti-covered 1915 building along Meridian Street have hit a snag over a lack of parking. Riley Area Development Corp. has proposed 24 apartment units for the three-story brick building at 1773 N. Meridian St.  

Real Estate A restoration of this long-vacant apartment building is on hold. (IBJ Photo/ Perry Reichanadter)

The city’s planning department endorsed the developer’s request for a variance to a requirement for 24 off-site parking spaces. The building is surrounded by surface parking lots and metered spaces, and several IndyGo routes travel along Meridian Street.

“Urban sites should be developed to the highest intensity possible,” the staff report notes. “To require this site to meet the required off-street parking standards would require the demolition of a portion of the building or acquisition of adjacent sites. Finally, it is a common and preferred planning method that little or no off-street parking be added to a reuse of an inner-city site.”

But neighboring property owners complained, and a hearing examiner of the Metropolitan Development Commission last month denied the plans.

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