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Fountain Square project to include concert venue

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The new owner of a 110-year-old building in the heart of Fountain Square is planning a renovation and expansion that will turn it into a restaurant, bar and 450-seat music hall called Pioneer.

Bryce Caldwell, a Zionsville native who lives downtown, bought the 8,000-square-foot former home of Deano’s Vino restaurant and wine shop at 1110 S. Shelby St. last December. The two-story building sits where Shelby and Prospect streets and Virginia Avenue come together, across from the neighborhood’s namesake fountain and the Fountain Square Theatre building.

A 4,200-square-foot, two-story addition on the south side of the building will accommodate the independent music venue. Construction could start within a month. Caldwell’s goal is to open Pioneer by New Year’s Day.

The Indianapolis Historic Preservation Commission, which reviews exterior improvements in Fountain Square and the city’s other historic districts, signed off on the project design in March and approved a parking variance. The property will have 36 on-site parking spaces, fewer than the 145 typically required.

The existing brick building, constructed in 1900, will get new windows and doors, restored and/or replaced storefront openings and new awnings. The building addition will be clad in brick and metal. The project architect is Demerly Architects.
 
“I’ve been scouting locations for two or three years,” said Caldwell, who looked at buildings in and around Broad Ripple and on Massachusetts Avenue before pulling the trigger on the Fountain Square property.

“I really love what Fountain Square is doing and what they’re all about,” he said, noting the neighborhood’s growing collection of live music venues, including Radio Radio and White Rabbit, which are around the corner on Prospect Street. Another music hall, La Revolucion, was scheduled to open on Prospect Street last week.

Caldwell said he doesn’t have any background in real estate or music—just a passion for live music and plenty of advice from people both here and far away. Advisers in Portland helped him with his business plan. He’s also gotten support and advice from the owners of the nearby Murphy Arts Building and from Southeast Neighborhood Development, the community development corporation that works to stimulate economic development in the neighborhood.

“We’re really excited about it. It seems like it’s going to be a first-class facility,” said Mark Stewart, president of SEND, who noted the new construction portion of the project is unusual in Fountain Square, where renovation opportunities are more prevalent.

Pioneer will follow a flurry of activity along Virginia Avenue. The Murphy Arts Center just to the north of Caldwell’s building just leased 5,000-square-feet to the Heartland Film Festival for its offices and 2,500-square feet on the north end of the building, along Woodlawn Avenue, to La Margarita, a Mexican restaurant that has another location at 96th and Meridian streets.

Larry Jones, one of the owners of the Murphy building, said space for Heartland and La Margarita should be built out by July. He said he and Craig Von Deylen, his partner in the Murphy, had considered putting a performing arts space in their building but dropped the idea once Caldwell’s plans for Pioneer were made known.

The most visible project in Fountain Square now is the recently started extension of the Indianapolis Cultural Trail. The terminus of the Virginia Avenue spoke of the trail will be across the street from Pioneer.

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  • Public Parking
    Doesn't FS have a public parking lot right across the street from this building or is that included in the 36?
  • Welcome
    As a Fountain Square resident living 3 blocks from this location, I welcome Pioneer and wish it best of luck. I'm excited to see shows at this new venue!

    I'm also encouraged that the ridiculous parking requirements were dismissed by the IHPC. We want to live in a lively, vibrant, high-density city, not a sea of parking lots only filled a small portion of the time.
  • Journalista
    your concerns about reduced parking are invalid in the long run. To truly develop a lively, functioning neighborhood center like fountain square, you must allow for development and proximity. Parking devestates both of these. If you wanted to accomplish the rediculous parking requirement of 145 spaces, be on the look out for the removal of historic buildings and homes, not a good alternative.
  • Holy parking!
    Uhhh, that's quite the parking variance. I just hope this doesn't cause issues for people who live in the neighborhood or already-established businesses.
  • Any chance at seeing a design? I was heartened that it received IHPC approval and then concerned when the words metal and brick was brought up. that is a very prominent site and the addition will be very visible. I have this fear we are talking metal siding.

    Clarification on this will be good. Otherwise, this sounds like a good project for The Square. Anything that draws in patrons in the evening will be good for the area.

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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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