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IU Foundation buys Indiana Landmarks' canalside offices

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Indiana Landmarks announced Monday that it has sold its building on the Central Canal downtown to Indiana University Foundation.

The price for the 15,734-square-foot building at 340 W. Michigan St., also known as the Williamson Center, was not disclosed. The building is actually an 1874 house, which Indiana Landmarks moved in 1984 to save it from demolition. The house was later restored and enlarged to serve as the not-for-profit preservation group's headquarters.

“Indiana Landmarks wouldn’t sell to just anyone, and we’ll retain protective covenants to ensure its preservation,” President Marsh Davis said. “We’re pleased it will be in the good hands of the Indiana University Foundation.“  Proceeds from the sale will go into a restricted endowment to fund operations of the new Indiana Landmarks Center.

Indiana Landmarks Center is the former Central Avenue Methodist Church, which is undergoing a $13 million renovation that includes two theaters, reception halls, meeting rooms and offices. Indiana Landmarks will move to the location in late May, when the offices are expected to be finished.

The IU Foundation will move its Indianapolis staff from an office on North Meridian Street.

“We had been looking for a location closer to campus,” foundation President Gene Tempel said.  “This building is on the edge of campus and connected to downtown Indianapolis and the community.  It is the perfect place for the foundation as we work with the campus to raise funds for its $1.25 billion IUPUI IMPACT campaign.” Tempel said the building may eventually house university partners as well as foundation offices.  


 

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  1. I am so impressed that the smoking ban FAILED in Kokomo! I might just move to your Awesome city!

  2. way to much breweries being built in indianapolis. its going to be saturated market, if not already. when is enough, enough??

  3. This house is a reminder of Hamilton County history. Its position near the interstate is significant to remember what Hamilton County was before the SUPERBROKERs, Navients, commercial parks, sprawling vinyl villages, and acres of concrete retail showed up. What's truly Wasteful is not reusing a structure that could still be useful. History isn't confined to parks and books.

  4. To compare Connor Prairie or the Zoo to a random old house is a big ridiculous. If it were any where near the level of significance there wouldn't be a major funding gap. Put a big billboard on I-69 funded by the tourism board for people to come visit this old house, and I doubt there would be any takers, since other than age there is no significance whatsoever. Clearly the tax payers of Fishers don't have a significant interest in this project, so PLEASE DON'T USE OUR VALUABLE MONEY. Government money is finite and needs to be utilized for the most efficient and productive purposes. This is far from that.

  5. I only tried it 2x and didn't think much of it both times. With the new apts plus a couple other of new developments on Guilford, I am surprised it didn't get more business. Plus you have a couple of subdivisions across the street from it. I hope Upland can keep it going. Good beer and food plus a neat environment and outdoor seating.

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