Decision time on RiverPlace

June 4, 2007
Back to TopCommentsE-mailPrintBookmark and Share
The Fishers Town Council could decide the fate tonight of a controversial mixed-use project that includes residential high-rises along the White River. RiverPlace
What do you think they'll do? The $500-million project by Centre Properties would sit at the northwest corner of Allisonville Road and 96th Street and could include two 25-story towers with roughly 1,000 residential units, along with hundreds of thousands of square feet of retail and office space. Opponents fear the project's impact on traffic and the White River floodplain.
UPDATE: The Council approved the housing portion of the project last night.
ADVERTISEMENT
  • Traffic in Fishers? What, me worry?
  • I really hope that this project gets the thumbs-up. Indianapolis should support compact, high-density development such as this - we should be lucky that a developer is willing to take a chance and build such a massive development here. If you look at Chicagoland, this would be business-as-usual. Here, it could be a landmark. There is an argument to be made concerning land-use, but I'd much rather have in-fill development like this than continue the crazy push further and further out into the burbs. Keep what's not developed green, pristine, etc. and make urban areas urban. Not to mention a portion of this land will become a park, as the developer has stated in the past. I say go for it!
  • This project is an un-needed monster. 25 story towers in Fishers...???
    25 story towers in Fishers?? You have got to be kidding me!
  • Indy is a sprawl hellhole and NOTHING will ever change that. I am so glad that I am one of the majority of college grads that leaves this backwards [edited] state.
  • LVfoo -

    Um... this type of development is not adding to the sprawl, but rather is a reaction against it. Think about it... these types of projects will concentrate people into a small area where one could conceivably live, work and shop without having to travel by car.
  • i completely agree with don. while lvfoo is correct about a sprawl problem in this city/state, he must not have learned what mixed-use development is. sorry that you're leaving the state - maybe if more people like yourself that obviously sees an issue with the current state of the city would stay, we could all work together on making it better instead of fleeing. you'll find that there's issues anywhere you go. the landscape changes, but most of the time, that's about it.
  • So let me get this right--When Carmel's Clay Terrace was proposed it was touted as the outdoor shopping venue. Then Simon decides to build Hamilton Town Center--twice the size as Clay Terrace. Now we have RiverPlace that is also supposed to have twice the retail as Clay Terrace. Add Saxony, SR37 north projects, etc. and just how are all of these developers going to attract enough retailers to fill the ginormous spaces? Will any of them add new retail or will we be overrun by yet more run-of-the-mill stores and chain restaurants?
  • Let lvfoo leave the state -- sounds like brain gain to me. I'm one of a group of about five or so college grads that have moved here, or moved back here in the last year. Don't like sprawl -- try Atlanta, or Chicago...wait, nevermind.
  • This development is great, but it's in absolutely the wrong place. Don't forget that the Fishers Town Council is also looking to do a dense mixed-use, new urbanist redevelopment of the area around 116th and I-69...AND they're still looking to relocate the Indy Metro Airport and replace it with something on this scale. At least in both of those cases, the sites offer direct interstate access (even if it is I-69).
  • I think that this is a great proposal and I hope it gets built per what has been proposed. I love the idea of more high-rises out in the burbs. These developments actualoly help to curb the sprawl that LVfoo so hates. (if you think Indy is bad, I would recommend staying away from all cities in the west and south!)
  • I moved back to Indy from Chicago just so I'd be able to drive to the post office without sitting in traffic. Love the idea but not liking this location as much as I like the proposal for downtown Fishers and of course Saxony (Hamilton Town Center). But that makes me just stay in my neck of the woods of Fishers a lot more than Castleton, even if Stir Crazy is coming to the mall!

Post a comment to this blog

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
  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

ADVERTISEMENT