Green developer has $20M pipeline

February 4, 2008
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The BroadwayIs green development finally catching on in Indianapolis? The four owners of Casa Verde LLC certainly hope so. The company has plans for a $14-million, LEED-certified condo project in Columbus. In Indianapolis, their newest venture is The Broadway, a renovation of a 1915 apartment building at the corner of Broadway and 22nd streets (shown here). The $1 million project calls for 13 LEED-certified condos, two at market price and the rest for low-income buyers. Prices will range from $70,000 to $120,000. Casa Verde also is building three single-family homes along Park Avenue in the King Park neighborhood and is working on deals for a retail strip center and a medical office building. Read the full story here.
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  • Its great to see a historic structure renovated in a green manner.
    I'm curious if the house planned for demolition next door is of such beauty. I would also like to see renderings or a basic idea for what these three new houses will look like. I'd prefer seeing townhouses, but its better then an empty lot.
  • WHAT ABOUT THE BROADWAY WILL BE GREEN AND WHAT LEVEL OF CERTIFICATION ARE THEY LOOKING FOR.
  • You can find more information about Casa Verde's projects, along with a photo of the new King Park home on their web site: http://www.casaverdellc.com/CasaVerdeLLC/Projects.html
  • What a great building!!! I love seeing the old-style architecture reused instead of bulldozed. I hope this project is very successful for Casa Verde and spurs others like it - for many reasons.
  • OSI: Sustainability is more than just a level of certification. That fact that they have retained the embodied energy in the house instead of demolishing it so that they can build a new LEED certified structure shows that they truly understand sustainability.

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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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