Binford medical complex takes another punch

Back to TopCommentsE-mailPrintBookmark and Share

The anchor tenant in the Binford Medical-Professional Office Complex at the corner of 65th Street and Binford Boulevard has closed temporarily, citing a lack of other tenants in the high-profile medical building. The shut-down is the latest in a string of setbacks for what was to have been a five-building, $29 million development.

The Binford Immediate Care Center halted operations April 30 but plans to re-open in the future, wrote Lynn Schenck, the vice president of operations for parent company Bloomington-based Unity Physician Group, in a letter to patients.

"It has been difficult being the only tenant in an unfinished development," she wrote in the letter. "However, we believe the redevelopment and commercial enhancement of the Binford Boulevard area are important; thus our hope is to reopen the Binford Immediate Care Center once the developer of the Binford Medical Complex is able to complete the building and secure other tenants."

Schenck was unavailable for an interview, and a spokeswoman for the company, Gwen Leahy, declined to comment further.

The immediate care-center is really one of two tenants in the building. The other is Seward Sales Corp., which leases 2,200 square feet of space. An additional anchor tenant, a radiology firm, is scheduled to move in but can't until the building is finished.

The urgent care center leases 4,310 square feet of space in the 47,000-square-foot building, the first of five structures planned for the 17-acre medical campus project being developed by Ken Schmidt of Binford Medical Developers LLC.

While the care center continues to pay rent on the space even while closed, the temporary closure deals a blow to the project, which has faced a series of hurdles since plans were announced three years ago.

The project's main lender, USA Capital, declared bankruptcy in April 2006. Only one building has been erected, and it is incomplete.

In a 2006 IBJ interview, Schmidt said he hoped to have construction on all five buildings completed by January 2009 to create a "one-stop" medical plaza that would include a pharmacy, ambulatory surgery center, dental offices and room for other specialties.

Schmidt says hope for financing looms on the horizon even though the project is stalled.

"Because of USA Capital's legal and financial issues," he said, "the project is in limbo; it's been in limbo for 32 months, long before the economy had problems."

Prior to the financing debacle, 26 tenants had signed on to be a part of the complex, Schmidt said, but 24 pulled out because construction was behind schedule and the required number of tenants hadn't moved in as was required in many leases.

Despite the problems, Lori Olivier, the president of the Greater Allisonville Community Council, said the location still holds promise.

"I don't know why it has not taken hold," she said. "I still think it's a very viable project because of the volume of traffic."


Post a comment to this story

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

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ
  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.