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Buckingham tapped to develop mixed-use project near IUPUI

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Locally based Buckingham Cos. has won the right to redevelop a two-acre property at 860 W. 10th St. near the IUPUI campus.

The developer plans to tear down the former YMCA branch and replace it with a $20.5 million mixed-use project featuring retail space, a fitness center and 210 apartment units.

The former YMCA site is slated for redevelopment as retail and housing. (IBJ Photo/Robin Jerstad)

The Center Township Advisory Board, which owns the property, had sought a project compatible with the Indiana Avenue Cultural District and nearby IUPUI and hospital campuses.

Buckingham will pay $225,000 in rent per year and has an option to buy the property after five years for an additional $3.3 million. Buckingham also agreed to fund $15,000 in college scholarships per year for 20 years for students at Crispus Attucks High School. Buckingham has constructed similar projects near the campuses of the University of Notre Dame in South Bend and the University of Kentucky in Lexington.

The structure, designed by locally based CSO Architects, is designed to be “refined and hip,” according to bid documents. “It has a defined base, with street-level detailing, a middle, and a cap element along its roof line. The storefront at the plaza is shown pulled out from the main core, providing visual interest with the scale change, as well as creating the opportunity for a rooftop deck.”

 

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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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