Nonprofit group plans renovation of 2 vacant apartment buildings

March 30, 2011
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Meridian Mark IndianapolisA nonprofit group is partnering with a locally based developer to renovate two vacant apartment buildings near Meridian and 38th streets into affordable and supportive housing.

The $7 million project, dubbed The Enclave at Meridian, involves the 7-story Meridian Mark (3777 N. Meridian St., built in 1928, shown at right) and the 3-story Schuylar (3761 N. Meridian St., built in 1918), along with a small duplex next door that will be torn down for parking. Plans call for 75 studio to two-bedroom units, along with exercise and community rooms. Both buildings will get a complete interior renovation. Construction is set to begin in early May.

The Bethlehem House is set to receive $8 million in federal tax credits for the project over 10 years, and KeyBank has agreed to provide a $5.7 million construction loan, the group said.

Bethlehem House, which provides serves for people affected by substance abuse and HIV, will own the buildings, while Indianapolis-based Herman & Kittle Properties will serve as general contractor and property manager. Bethlehem paid about $1.2 million for the properties.

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  • Good
    Always good to see the preservation/re-use of existing structures, particularly in the Indianapolis downtown/near-downtown areas.
  • Research calms concerns
    http://www.thebethlehemhouse.org/about will tell you more about the organization. I am with Mark- better to use existing structures...even better to do it in the name of helping others.
  • Seriously?
    Frank & Juan - You people disgust me.
  • Remove my last post
    Cory, thank you for removing the previous (awful) comments. You can remove my "Seriously?" comment, as well.
    Thanks.
  • develop for residents
    we want people to live in the city, work in the city, spend their money in the city.

    take 4 mil and build a grocery store.
  • wonderful
    This is great, Indianapolis has a wonderful stock of 19th and early 20th century apartment buildings that should be reused and restored whenever possible.

    Big thumbs up for this project! I hope to see more in the future!

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  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?

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