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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