Plans are in the works for a residential and retail project on a state-owned parking lot between Indiana Avenue, Capitol Avenue
and Vermont Street, IBJ reported this weekend. Two groups bid for the three-quarters-of-an-acre parcel, and the winner includes
Jim Thomas, a partner with Hearthview Residential. The cost: $920,000. No renderings were available, but the project is expected
to include a bank and about 30 condos. The block is anchored by The Bourbon Street Distillery and Musicians' Repair & Sales.
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Welcome to Property Lines, Indy's source for neighborhood real estate news. Your host is Scott Olson, IBJ's real estate beat
reporter. Edited by Cory Schouten.
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Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.
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Yes. Blame those who were too lazy to go vote Obama out and those who voted him in again. That's my take on it. I know folks won't get it on the left. OK. Start berating me now!
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Serioulsy, people are AGINST this project? Most communities would be salivating over a project like this. You'd rather have an empty eye-sore gas station and shacks posing as apartments? This project is exactly what BR needs. BUILD IT MR MAYOR. And yes, I am a BR resident, and have been for 20 years.
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As a St. Vincent employee of over 20 years, I am saddened and disheartened by this announcement. Unfortunately, as the healthcare "industry" continues on this political and corporate path, all that St. Vincent Hospital has stood for spiritually for its employees and this community is being sucked dry. I know it truly has no choice. It is not just Obamacare or just competition or just any single thing. This trend started long before I was even born when the government became involved in healthcare and it became an "industry." I grieve for those who will lose their jobs, one of whom may be me, but I also grieve for this hospital which I have served for over 20 years. May God give us and it the grace to withstand the future of healthcare.
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Why do people constantly harp on this issue and act ignorant about what a city population measures? A city's population is the city's population. There is no argument or debate about it. If you want to measure the density of a city--measure it. If you want to measure the size of a metropolitan area, then measure the metropolitan population. City boundaries cover different sized areas--and they always have (though the disparity has probably increased since about 1900 or so when more cities began annexing their surrounding communities). For example, San Francisco only covers 49 square miles while Houston cover nearly 600 square miles. No one argues about the population rankings of either city even though they clearly cover extremely different sized areas. Indianapolis is the 13 largest city by population in the U.S. That is a fact. While the population of a metropolitan area may give you a better sense of how large a community is, as noted, even metro areas can vary widely in the size of geographic area they cover--so that is not a perfect comparison either.
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I'll be keen to see the renderings.
Welcome to the neighborhood!
A restaurant or service-type retail use such as a dry cleaner or a FedEx Kinko’s would work well on the site, particularly if it can serve residents living above and attract students from IUPUI, said Steve Delaney, a principal with locally based Sitehawk Retail Real Estate.
Being a resident of the area, I'm confused why you seem unhappy about the condo component. Would you rather have a transient hotel population or an office component that disappears after 6pm? I also live in the immediate vicinity and I'll take a stable resident population over those uses any day.
Honestly, aside from more a little more density -- and if they're going for a Mass Ave feel in the development of Indiana Ave, I'm not sure how much more dense you'd want it to be -- I'm not sure how this announcement could have been any better.
As far as the bank is concerned, I'll take anything that's not the makeshift ATM at the Distillery.
And I can't imagine that the other retail won't be more appealing to your sense of adventure. A plethora of college students, state employees and politicos all exist within walking distance.
I'm going to register as a lobbyist today and start pushing for a good, inexpensive sushi place.
I didn't have an opportunity to read the actual IBJ article - just the blurb here - and the additional info definitely sounds more like what we need. I have no problem with condos as long as there are ample retail spaces below them to drive foot traffic and get people to stick around. It would be nice to have a Mass. Ave feel next to the canal.
I concur on the ATM. Let's hope the bank is a Chase Bank... As for sushi, happy hour sushi at Bistro Tchopstix is so close...
One thing I find interesting is that every downtown development seems to want to put in a bank in the lower level. Who are all these banks interested in opening new branches?! AUL says they're interested in getting a bank branch in the Gibson Building (Capitol and Michigan), the Broadbent Building is being redeveloped with space for a drive-through bank, and I'm sure the MSA developers are looking into having a bank for their ground floor. Plus, this Indiana Ave. development wants ANOTHER drive-through bank:
The property appraised for slightly more than $900,000, said John M. Bales, president of Venture Real Estate Services, which has a contract to help the state dispose of surplus real estate. Bales said a preliminary site plan includes a bank with a drivethrough and about 30 condos.
I don't know how downtown is going to support all these banks and I can't believe the city is signing off on another drive-through.
Happy hour is for drinking. Sushi is for dinner.
I've always thought a small sushi place would go well along Mass. Avenue. It could even convert into an intimate wine/cocktail bar after hours. I'm a big fan of the eateries in Chicago that turn into clubs late at night.
By the way, why are you complaining about Indiana Avenue? I thought you were skipping town soon!