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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  • HelenFebruary 4, 2008 3:55 PM
    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.
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  • OSIFebruary 5, 2008 11:02 AM
    WHAT ABOUT THE BROADWAY WILL BE GREEN AND WHAT LEVEL OF CERTIFICATION ARE THEY LOOKING FOR.
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  • cschoutenFebruary 5, 2008 11:22 AM
    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
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  • Fishers galFebruary 6, 2008 1:56 PM
    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.
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  • M LouiseFebruary 11, 2008 2:35 PM
    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. First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.

  2. I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.

  3. Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??

  4. On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.

  5. It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.

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