Cosmopolitan a total loss?

March 13, 2009
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The remains of the Cosmopolitan on the Canal project continued to smolder today as a small crew of firefighters worked to put out remaining hot spots. They were using a crane to demolish a portion of the building's remaining facade so they could reach some of the smoking remains of the $33-million apartment and retail development, said Mark Conover, a spokesman for developer Flaherty & Collins Properties. He said company officials, insurance adjusters and structural engineers are waiting for the fire department to clear the site before determining whether any of the building is salvageable. (IBJ Photos/Cory Schouten)
Cosmopolitan fire
Cosmopolitan fire
Cosmopolitan fire
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  • My guess is that every piece of wood is done for, either burned or soaked (mold magnet?). The real question is probably about reuse of the concrete: the garage, the pedestal for the retail section at Senate/Michigan and the canal-level foundation. If they can reuse any or all of the concrete structures, they'll have a several month head start on rebuilding.

    It certainly appears that all the fire damage to the main building was on the upper floors so it seems hard to believe that they couldn't at least reuse the concrete pedestal.
  • Is there any way they can salvage the street facades?
    They seem to be almost untouched by the flames.
  • At this time the investigation is not complete - but I cannot help but think this is arson. Perhaps a contractor - or the developer itself.
    Can anyone give any info on the financial state of Flaherty and Collins?
  • I think you're barking up the wrong tree. Apartment occupancy in Downtown is incredibly high. This project was long-awaited, and went ahead a year ago at the beginning of the financial meltdown...probably because its pro forma was strong.

    I'm betting the culprit will be some worker who left a heater running so that paint or drywall mud would dry overnight, or a homeless person who started a wood-scrap fire to stay warm on a cold night.
  • dps dood: completely inapprorpriate. C'mon, you really think these people would do this?!

    My assumption is that it isa a total loss. Feel bad for all involved, and again, thank God no one was hurt.
  • The bright side is that most contractors that just finished up working on this project get to do it again. Well except the one who left the heater burning. Seriously, at least F&C will rebuild and the economy does get the benefit of the rebuild. It may even help in leasing because of the publicity and the fact that the economy may be in better shape in a year or so.
  • THIS WAS NOT ARSON. And if so, I am confident that F&C had nothing to do with it...Come On People. Is this site now directly linked to the IndyStar boards???
  • Not to pile on but… Some of the first posts concerning this fire suggested criminal intent surrounding this fire, and that is really disturbing. It is one thing to stand around at the water cooler and gossip about things that you do not understand. It is a totally different thing to take that type of speculation and post it on a blog, especially one that is driven by reader comments like “Property Lines”. Unless you have real, first hand, knowledge of a crime being committed it is immoral to speculate about it. This fire is going to have a huge influence on our community in the coming months, and I would rather not have the public believe what would normally be confined to rumor and innuendo because they saw it in print associated with the IBJ.
  • Give me a break... immoral to speculate. Yes, people and companies are innocent until proven guilty... but without speculation, there would be a lot more crime than we have now (i.e., without any speculation, no cause for thorough investigations). No one is saying it was arson, but it hasn't been ruled out yet either. So, let the investigation take place and then we'll find out one way or the other. But, people can still wonder one way or the other.

    This is a blog... a place to continue discussion! Not stifle it! If you don't like the opinions, don't read them... or provide facts to dispell them... just saying, I know it's not arson isn't convincing... did you investigate the site and are you trained to do so? Unless they posts are offending (vulgar language, blatant slander, etc.), people should be able to post what they want. And the IBJ just hosts the discussion, they don't endorse what everyone says on this thread.
  • F&C is a solid company - but, they have had some restructuring of sorts lately and that def could have pissed some people off !!!
  • Umm.. The AFT says it was arson.

    Sorry, that was my first thought. I read all the explanations here last week (and bought into them), but fires do not burn that quickly without assistance.

    Additionally, an experienced arson investigator says that there will be civil lawsuits which will delay the re-building, and that the stigma of arson will taint the project. Oh well. For old timers like me, we can take comfort in recalling the delays of Circle City Mall and the years of driving by blocks of craters, on main street, no less! Trust me, that was worse.
  • The investigators have ruled out all accidental causes and have determined, based on their review of evidence at the scene and through their investigation, that the fire was intentionally set

    A quote from the feds above... so, if we didn't speculate, no investigation? My point above, proven. If we all had just been guilted into speculating that it wasn't arson (and that everyone is an angel) and not investigated it, we would have never known one way or the other.

    So, for everyone that thought it was just an accident, and in no way could believe it was arson... I say HA!. Now the question that remains, is who did it?
  • Well Andrew, you like to speculate, WHO DID IT? Start naming some names, so the authorities can start investigating the scum bags.
  • I'm not the investigator... so, I'm not going to do that. My point, SE Guy, was from an earlier post... no one was saying it was arson, people were saying that they couldn't help but think it was arson. Then someone else said it was immoral to speculate. That's when I posted the first time.

    But, here's one way to speculate... it's probably either a mad employee/contractor (that was fired, laid off, etc.), a mad neighbor (that didn't want the project near them) or F&C. I highly doubt it was a random act of arson. So there's my speculation SE Guy.
  • Surprised nobody is on this but local TV media was saying its Arson, but not likely anyone associated with the developer.

    Sad indeed when somebody has to torch what could have been (and i hope will still be) such an asset to downtown.

    Maggots who did it will get theirs. Karma's a bitch, as they say. :(

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  1. So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.

  2. Owner occupied housing. Clear enough?

  3. So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.

  4. Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.

  5. RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.

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