Property Lines

Welcome to Property Lines, Indy's source for neighborhood real estate news. Your host is Scott Olson, IBJ's real estate beat reporter. Founded by Cory Schouten.
Real Estate & Retail

Young developer, towering dream

September 10, 2007
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Marquis TowerThe odds are long, but Jaron Garrett isn't giving up on an ambitious plan to replace several blighted buildings along Washington Street with a twisting glass-and-steel apartment tower. The 25-story project faces loads of obstacles, most notably an uphill quest for financing and Garrett's inexperience. He's only 24. After a little pressing, Garrett puts the chances of completion of the $30 million project at 79 percent. But he's ready to sign over his stake, as long as he can stay on as a "junior" developer. Garrett’s company, JJ Marquis Investment Group LLC, already has agreed in principle to contracts that give him control of two vacant buildings he needs: 42 and 44 E. Washington St., which sit immediately west of a Panda Express restaurant. He also is negotiating contracts on buildings that house Panda Express and H&R Block. For more information, check out the full story that appeared in Saturday's IBJ. What do you think of the proposal? Can he pull it off?
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