Fleeing the ... suburbs?

October 2, 2007
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LexingtonAugust Mack Environmental said today it will move its corporate headquarters from Castleton to downtown's Lexington at Meridian. The Indianapolis-based environmental consulting company plans to take 16,200 square feet in the former home of VanAusdall & Farrar Inc., joining Brown Mackie College, which is taking 25,500 square feet. Brokers say such a migration, away from the suburbs, is rare and should bode well for the downtown office market. The Lexington, which is undergoing a $10-million renovation by Shiel Sexton, offers some of the perks of suburban offices, including parking on site. The building now is 100 percent leased, with the project a couple of months away from completion. Shiel also plans to build new office space surrounding the historic building. The space was marketed by Colliers Turley Martin Tucker.
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  • awesome!
  • Is there any idea of what additional office space Shiel plans to build?
  • Sweet! This is awesome news to hear, now if only more suburban companies as well as retailers AND residents would move downtown too...

    Also, perhaps it's just me but this building looks A LOT like the one AUL just got done renovating. The Gibson Building i believe. Which is a great thing!
  • berwickguy -- I think the additional office space is the two-story building to the right in the rendering (is that true Cory?). I just looked at an overhead shot of the area and it looks like there used to be some smaller buildings attached to the main 4-story building, but I'm pretty sure they were torn down at the beginning of the project and that's just dirt right now.

    Impressive that they preleased 100% of this thing.
  • On the topic of suburbs, but not related to this migration at all, any news on River Crossing at 96th Street & Allisonville? Earth movers were performing pre-work last spring, but no activity since.

    I thought I read there were more approvals that needed to occur. So what's the status? Anyone?
  • Sorry. Correction....River Place. Not River Crossing.
  • Fantastic news. More of this needs to happen. BTW, anyone have up-to-date and accurate information on downtown employment numbers?
  • This is great news! Now I'd like to see some other companies move Downtown. It'd be great if a higher profile company like Finish Line would set up shop downtown.
  • What do you think it would take to get a company like Marsh or Finish Line to move downtown? You think the larger the company the closer they'd want to be to the heart of the city, near nice hotels, restaurants and the airport.
  • PS. I'm aware both Marsh and Finish Line aren't too secure right now financially. So putting that aside.
  • What? I'm not sure I can fully comprehend such a move...in Indianapolis?! And in a renovated building no less! Maybe it'll set a trend? Methinks that's wishful thinking, but at least this is a start...
  • Cory, do you know the last time new MTOS was built in downtown?
  • When they say on site parking, I'm hoping they mean behind the building. Last thing I want to see is suburban look buildings surrounded by parking lots popping up downtown. Walk-up friendly buildings in downtown I think are very important.
  • MTOS? Educate me. Thanks!
  • MTOS = multi tenant office space
  • thanks!
  • Good question, Jimmy. I think it's been at least five years.
  • Wasn't the new Simon Building a MTOS?

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  1. Really, taking someone managing the regulation of Alcohol and making himthe President of an IVY Tech regional campus. Does he have an education background?

  2. Jan, great rant. Now how about you review the report and offer rebuttal of the memo. This might be more conducive to civil discourse than a wild rant with no supporting facts. Perhaps some links to support your assertions would be helpful

  3. I've lived in Indianapolis my whole and been to the track 3 times. Once for a Brickyard, once last year on a practice day for Indy 500, and once when I was a high school student to pick up trash for community service. In the past 11 years, I would say while the IMS is a great venue, there are some upgrades that would show that it's changing with the times, just like the city is. First, take out the bleachers and put in individual seats. Kentucky Motor Speedway has individual seats and they look cool. Fix up the restrooms. Add wi-fi. Like others have suggested, look at bringing in concerts leading up to events. Don't just stick with the country music genre. Pop music would work well too I believe. This will attract more young celebrities to the Indy 500 like the kind that go to the Kentucky Derby. Work with Indy Go to increase the frequency of the bus route to the track during high end events. That way people have other options than worrying about where to park and paying for parking. Then after all of this, look at getting night lights. I think the aforementioned strategies are more necessary than night racing at this point in time.

  4. Talking about congestion ANYWHERE in Indianapolis is absolutely laughable. Sure you may have to wait in 5 minutes of traffic to travel down BR avenue during *peak* times. But that is absolutely nothing compared to actual big cities. Indy is way too suburban to have actual congestion problems. So please, never bring up "congestion" as an excuse to avoid development in Indianapolis. If anything, we could use a little more.

  5. Oh wait. Never mind.

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