Development/Redevelopment and Real Estate & Retail

Aging building gets spruced up

April 20, 2009

Another rundown building near the northwest corner of Washington and Pennsylvania streets is getting some attention after years of neglect.

Workers are putting a fresh coat of paint on 44 E. Washington St., the former home of a savings and loan that's been vacant for years. Building owner Jay Kim said he's investing more than $80,000 on his own and also won a $10,000 façade grant from Indianapolis Downtown Inc. to help with the project.

Kim plans to revamp the entrance, add a new roof, paint the building on all sides, and gut the interior in a bid to attract new tenants. He hopes for a retailer on the first floor.

Property records show the structure was built in 1919.

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