IBJNews

Decision on canal residential project delayed again

Back to TopCommentsE-mailPrintBookmark and Share

A city board’s vote to once again delay a decision on a proposed residential building along the Central Canal in downtown Indianapolis drew the ire of its developers.

The Metropolitan Development Commission on Wednesday afternoon continued the matter until its April 18 meeting after Valparaiso-based Investment Property Advisors resubmitted plans to the city March 14 showing the proposed building shrinking from 26 stories to 10.

Commission members granted the continuance on behalf of Maury Plambeck, director of the city’s Department of Metropolitan Development, who said his staff needed more time to review “significant modifications” to the plans.

The decision didn’t sit well with developers Larry Gough and Chase Sorrick, who drove from northwest Indiana expecting resolution on the plans, which they first submitted in November.

“We filed this petition four months ago,” Sorrick said. “It’s been continued, continued, continued. How long can this go on?”

The developer’s original plans for a 26-story tower designed for college students encountered resistance from neighbors over its height and impact on traffic in the area.

Investment Property Advisors reduced the size of the project to 10 stories to improve its chances of winning city approval. Under the proposal, the number of apartment units in the building shrank from 485 to 293.

The number of parking spaces also would shrink, from 434 to 236, within a three-level garage instead of the originally proposed six levels.

Two lawyers representing clients with business interests in the area also asked for a continuance to give them additional time to study the plans.

One, The Sexton Cos., owns and manages the nearby Gardens of Canal Court apartment complex. Its lawyer, Tim Ochs of Ice Miller LLP, said the change in plans is “drastic” enough to warrant extra scrutiny.

“Let’s face it, it’s student housing that’s proposed; in essence, a private dorm,” he said. “You’re looking at putting something there, that if not done properly, could have a significant impact on the canal. We better give that some thought and we better do it right.”

The project would be built on two adjoining parcels along Ninth Street between Senate Avenue and the canal: a 1.2-acre property that includes the offices and warehouse of B.B. Kirkbride Bible Co., and a 0.26-acre canal-front sliver of land that the city in August agreed to sell to the developer. Kirkbride is set to leave its property.

Despite the temporary setback, Investment Property Advisors still is hopeful construction can begin in the fall, which would allow the first residents to move in by summer 2014.

“We’re extremely disappointed, but we’re going to go forward,” Gough said. “We’ve reduced the size; we’ve reduced parking. I’m not sure what else we could do.”
 

ADVERTISEMENT

  • JLS, IUPUI is right across the street
    JLS,

    First, I am not sure what "tone" you think the Canal has. It is a public asset that sits right across the street from a large public university. It is not a private playground for the monied-set. It was built with taxpayer dollars and is open to all people. If you have an issue with being around students, then perhaps the Canal is not the place for you to live.

    Second, there is no legal authority to dictate who may or who may not live on the canal. The city only can dictate zoning with respect to height, bulk, parking, etc. Whether students or multimillionaires live in the proposed apartment complex is absolutely not within the city's authority to determine.

    Finally, it is obvious that the the main objectors to this project are the current owners of apartments on the Canal (many which house a significant number of students) who want to keep a scarcity of apartments on the Canal to keep their rents high.

  • Out Of Towners
    The hold up is because the developers are from out of town and not local. The local developers are fighting this (behind the scenes of course) with our local government. They HATE it when someone else might make a dime in this city.
  • And we wonder why developers won't develope in Indy
    We continue to make it difficult to develop in our city, especially along the Canal! Finally someone is willing to put up the money for development and we continue to delay and block building until the developer takes his money and develops in a city where they are much more cooperative! When will we learn!
  • Dorm
    I agree with Tim Ochs (of Ice Miller LLP, who said that "it’s student housing that’s proposed; in essence, a private dorm." This does not fit in with the tone of the canal.
    • Dorm
      I agree with Tim Ochs (of Ice Miller LLP, who said that "it’s student housing that’s proposed; in essence, a private dorm." This does not fit in with the tone of the canal.
    • Please postpone it
      For the simple fact that this design is horrible, again it looks like the Ralston (Dolce) hotel..mixed with the convention center (with the "hat"). Dare I say the Cosmo is more contemporary, (see the Maxwell and Hudson as examples)...Can this city do something about bland design schemes with the typical look seen through out downtown. May I suggest NEW companies to design and build these..how about that Indy?
    • Get the design right
      I appreciate that it has been scaled back to 10 stories, but the truth is, the design is still very lacking....can't the developers try again? Hopefully, the city's stalling technique is designed to goad the developers into coming up with something better.....

    Post a comment to this story

    COMMENTS POLICY
    We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
     
    You are legally responsible for what you post and your anonymity is not guaranteed.
     
    Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
     
    No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
     
    We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
     

    Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

    Sponsored by
    ADVERTISEMENT

    facebook - twitter on Facebook & Twitter

    Follow on TwitterFollow IBJ on Facebook:
    Follow on TwitterFollow IBJ's Tweets on these topics:
     
    Subscribe to IBJ
    1. Of what value is selling alcoholic beverages to State Fair patrons when there are many families with children attending. Is this the message we want to give children attending and participating in the Fair, another venue with alooholic consumption onsite. Is this to promote beer and wine production in the state which are great for the breweries and wineries, but where does this end up 10-15 years from now, lots more drinkers for the alcoholic contents. If these drinks are so important, why not remove the alcohol content and the flavor and drink itself similar to soft drinks would be the novelty, not the alcoholic content and its affects on the drinker. There is no social or material benefit from drinking alcoholic beverages, mostly people want to get slightly or highly drunk.

    2. I did;nt know anyone in Indiana could count- WHY did they NOT SAY just HOW this would be enforced? Because it WON;T! NOW- with that said- BIG BROTHER is ALIVE in this Article-why take any comment if it won't appease YOU PEOPLE- that's NOT American- with EVERYTHING you indicated is NOT said-I can see WHY it say's o Comments- YOU are COMMIES- BIG BROTHER and most likely- voted for Obama!

    3. In Europe there are schools for hairdressing but you don't get a license afterwards but you are required to assist in turkey and Italy its 7 years in japan it's 10 years England 2 so these people who assist know how to do hair their not just anybody and if your an owner and you hire someone with no experience then ur an idiot I've known stylist from different countries with no license but they are professional clean and safe they have no license but they have experience a license doesn't mean anything look at all the bad hairdressers in the world that have fried peoples hair okay but they have a license doesn't make them a professional at their job I think they should get rid of it because stateboard robs stylist and owners and they fine you for the dumbest f***ing things oh ur license isn't displayed 100$ oh ur wearing open toe shoes fine, oh there's ONE HAIR IN UR BRUSH that's a fine it's like really? So I think they need to go or ease up on their regulations because their too strict

    4. Exciting times in Carmel.

    5. Twenty years ago when we moved to Indy I was a stay at home mom and knew not very many people.WIBC was my family and friends for the most part. It was informative, civil, and humerous with Dave the KING. Terri, Jeff, Stever, Big Joe, Matt, Pat and Crumie. I loved them all, and they seemed to love each other. I didn't mind Greg Garrison, but I was not a Rush fan. NOW I can't stand Chicks and all their giggly opinions. Tony Katz is to abrasive that early in the morning(or really any time). I will tune in on Saturday morning for the usual fun and priceless information from Pat and Crumie, mornings it will be 90.1

    ADVERTISEMENT