Former Colt behind condo project

February 15, 2008
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CityViewThe developers of a new condo project just east of I-65/70 are hoping to capitalize on stunning skyline views and an upcoming reconfiguration of the Ohio Street Interstate ramp. The project, dubbed CityView, includes five units along Herman Street between Ohio and Market streets. It was developed by locally based KMR Real Estate Services, a company that has former Colts tight end Ken Dilger as a principal. The company has done rehab work, but this is its first ground-up development. The 3-story units range in price from $350,000 to $400,000. Each condo includes two bedrooms, 2.5 baths, two balconies and a rooftop garden. All five units are available, said F.C. Tucker's Chris Thomas, who has the listing. What do you think?
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  • ShaneFebruary 15, 2008 3:52 PM
    I haven't driven by there in a while.........they look great though in my humble opinion
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  • HelenFebruary 15, 2008 8:46 PM
    I like more rowhouses but they are kind of bland.
    Its great to see high density townhousing though! :)
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  • WOW NOT!February 16, 2008 7:55 AM
    How about the WOW! I hope the inside trim work is sweet.
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  • kyleFebruary 16, 2008 4:02 PM
    I wish this blog had better and bigger pictures of the projects they talk about
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  • SteveFebruary 16, 2008 4:54 PM
    The building is only three floors. They can't have much of a Cityview.
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  • CoryFebruary 16, 2008 7:14 PM
    Steve: The main reason the skyline view is impressive is because of its proximity to the Interstate, allowing residents to see a greater distance. Check out the pictures on Tucker's web site to see what I'm talking about: http://www.talktotucker.com/property/property.asp?PRM_MlsNumber=2807304&PRM_MLSName=MIBOR

    Kyle: Unfortunately, for now, I have to keep images to a certain size because of bandwidth issues. Hopefully the Tucker link helps give you a better perspective.
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  • HelenFebruary 16, 2008 10:35 PM
    I hope this helps revive the near East Side.
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  • CDC GuyFebruary 17, 2008 9:28 AM
    The biggest thing to help this development and the area around it will be the removal of the Market/Ohio interchange and the construction of a new full interchange at Washington St. I think it will especially help Washington St., although NESCO, the DMD, and MDC will need to be wary of suburban interchange stuff being created at the edge of downtown. Hardees is already there, and there's a former gas station at Washington and Southeastern that would be a highly desirable gas-station site again once the interchange is finished, as well as a couple of junky buildings to the west of the old Firehouse Color Labs redevleopment.
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  • HelenFebruary 17, 2008 11:50 AM
    If your talking about that row of two-three story commercial buildings from the 19th century I highly disagree. They are anything but junky and have a lot of charm. I hope they are renovated.
    Yes the removal of the interchange will do wonders.
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  • The UrbanophileFebruary 17, 2008 3:17 PM
    The interchange design at Washington St. is simply horrible. It features a five lane exit ramp that would be the largest interchange ramp terminus anywhere in the entire Indianapolis metro area. It features high speed, soft turn radius curves that let cars fly onto and off of the interstate without slowing. It increases the barrier that the expressway creates between downtown and the east side. The Market St. design isn't that great either.

    When you consider the modest scale of the ambition compared to what other cities want to do (i.e., completely cap or bury their downtown interstates - see Columbus or Kansas City for example), it is a shame the execution on this is so poor. I've no doubt that this will improve street life on Market, but it won't reach its full potential there, and creates as many problems as its solves.

    Here is my complete take:

    http://theurbanophile.blogspot.com/2007/05/market-street-ramp-project-in.html

    http://theurbanophile.blogspot.com/2007/05/market-street-ramp-project-in_02.html
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  • CDC GuyFebruary 17, 2008 9:30 PM
    Helen, further west.
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  • HelenFebruary 17, 2008 10:09 PM
    you mean those crappy one-story buildings? Oh. XD
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  • all-day breakfastFebruary 18, 2008 2:47 PM
    Arsenal Heights and NESCO Land Use are actively fighting against the in-town suburban development (see AutoZone, Hardee's, Family Dollar) mentioned above... it's poised to take over Washington Street on the near-eastside. In fact, a huge case regarding the rezoning of the SW corner of State and Washington is going before the MDC this Wednesday afternoon. Arsenal Heights/NESCO are pushing for commitments that would provide for at least bare minimums of decent urban form (involving setbacks, materials, building orientation, parking location, etc), but the petitioners aren't willing to be so encumbered.

    It's a shame neither the zoning code nor the comprehensive plan provide any help in the cause. (In fact, they hurt.)
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  • ChrisFebruary 19, 2008 9:19 AM
    Cityview Looks GREAT!! How can I buy One!!
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  • ChrisFebruary 19, 2008 9:22 AM
    I drove by these untis and they look stunning! I love the contemporary fixtures and the modern feel! Im looking at IKEA's website for things for my rooms. I spoke with the listing agent Chris Thomas, he says they will have a working model in a couple of months!
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  • cschoutenFebruary 19, 2008 9:46 AM
    FYI, the previous two posts are actually from Chris Thomas, the realtor who is marketing this project. (He must be talking to himself.)

    Everyone is welcome to post, but please disclose any connections you have to a project. Thanks.
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  • SE GuyFebruary 19, 2008 9:53 AM
    Laughing Now! Thanks Cory.
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  • Jimmy ChitwoodFebruary 19, 2008 10:34 AM
    Chris,

    If you can afford a $350,000 condo, time to upgrade from IKEA my friend. I assume you're not right out of college?

    Good luck selling your places.
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  • BigRicFebruary 19, 2008 4:34 PM
    Steve @ 4:54 pm... the skyline view here is great.
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  • Anonymous PlannerFebruary 20, 2008 6:48 PM
    For disclosure, I was the staff planner that worked on the variance to allow for excessive height and deficient setbacks. I wish I could afford one, although I have to imagine the noise from the elevated freeway will be pretty loud up on the roof.

    P.S. Arsenal Heights / NESCO lost big time on their argument to require decent urban design on the site at Washington & State :-(
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  • BlithererFebruary 21, 2008 12:52 PM
    That is absolutely hilarious about the realtor posting here. Hoorah!

    These will go nowhere. Not for a long time.

    I say that not as an expert but as a visitor to Indy who is looking for a place. I stumbled across these. I must say there are dozens, perhaps hundreds, of units around the downtown area that are much better values. At least in my humble opinion. I've no idea why one would want to own a $400,000 condo when you could rent for 1/10th that cost right in the neighborhood.
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  • indyfanFebruary 28, 2008 10:32 AM
    Cory, how can you tell who posts? Do you look at the email address? (for disclosure I have no connection to the project)
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  • cschoutenFebruary 28, 2008 11:16 AM
    Yep, I look at e-mail addresses.
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  • Joe ShoemakerMarch 4, 2008 2:17 PM
    Actually, the REALTOR® Code of Ethics requires that any communication by a REALTOR in connection with the marketing of Real Estate have prominent disclosure of the member's affiliation. The Listing agent, in this case, likely violated at least the REALTOR Code.

    Indiana Real Estate License Law has its own set of regulations regarding disclosure.
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  • Joe ShoemakerMarch 4, 2008 2:17 PM
    And I am a REALTOR®.
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  • Paul WillhamMarch 12, 2008 9:35 AM
    These Townhomes are out of scale and out of sync with the homes around them. They NEVER shoudl have been built. One reason why Holy Cross needs conservation or Historic district status.

    Given their price 20 somethings cant afford them and 40 somethings who can will be put off by the stacked design and no elevator. Also NO guarantee that something taller wont be built that will obstruct that View of the jail.

    You can buy a nice restored home in Holy Cross for 200-300K on a nice quiet street so I fail to see the value in this project.

    The style of these is industrial and given the real estate market they will make lovely storage buildings.
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