Property Lines

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Real Estate & Retail

Trustee eyes $9M development

February 12, 2008
AthenaeumPlans are taking shape for a $9-million, four-story building that would replace a one-story, township-owned structure at 875 Mass Ave. Center Township Trustee Carl Drummer plans to lease the property to Riley Area Development Corp., which wants to build a basement community center, 25,000 square feet of first-floor retail space and 75 mostly low-income apartments on the upper levels. Bill Gray, Riley's executive director, hopes to finish the project by March 2010. Indianapolis-based Monument Properties also is working on the development. A new YMCA facility behind the project is another possibility, Drummer said. The YMCA is located a few blocks away, at the Athenaeum (shown here). The plans were revealed this week in an IBJ story by Peter Schnitzler. What do you think?
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