An iconic flatiron building on Massachusetts Avenue downtown has a new owner nearly three years
after the property first went on the market, IBJ's Chip Cutter reports in this week's Real Estate Weekly. Larry Browning of
Shelbyville-based Evergreen Investment Corp. paid $3.2 million for the historic three-story Argyle on Mass Ave building at
the corner of East Street and Massachusetts Avenue. He plans to spend between $200,000 and $300,000 over the next five years
to upgrade the mixed-use property, which contains 17,787 square feet of retail space on the basement and first floors and
36 mostly one-bedroom apartments on the upper levels. "It won't be dramatic," he said, "but there will be lots of little areas
where we're going to spend some money on just gradually improving the property." The ground-floor retail space is home to
Mediterranean restaurant Aesop's Tables, caterer Boun Gusto Unique Events, hair salon Michael's on Mass and local retailers
Interior Life and The Stamp Shop. The upstairs apartment units, which rent from $550 to $700 a month, rarely have vacancies,
Browning said. Key priorities will be sprucing up the apartment units and finding a tenant or two to occupy the 6,000 square
feet of vacant space in the building's basement. See the full story here.
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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.
An iconic flatiron building on Massachusetts Avenue downtown has a new owner nearly three years
after the property first went on the market, IBJ's Chip Cutter reports in this week's Real Estate Weekly. Larry Browning of
Shelbyville-based Evergreen Investment Corp. paid $3.2 million for the historic three-story Argyle on Mass Ave building at
the corner of East Street and Massachusetts Avenue. He plans to spend between $200,000 and $300,000 over the next five years
to upgrade the mixed-use property, which contains 17,787 square feet of retail space on the basement and first floors and
36 mostly one-bedroom apartments on the upper levels. "It won't be dramatic," he said, "but there will be lots of little areas
where we're going to spend some money on just gradually improving the property." The ground-floor retail space is home to
Mediterranean restaurant Aesop's Tables, caterer Boun Gusto Unique Events, hair salon Michael's on Mass and local retailers
Interior Life and The Stamp Shop. The upstairs apartment units, which rent from $550 to $700 a month, rarely have vacancies,
Browning said. Key priorities will be sprucing up the apartment units and finding a tenant or two to occupy the 6,000 square
feet of vacant space in the building's basement. See the full story here.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
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Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
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I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
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The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
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I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!
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I love this building.
I could be wrong though.
Too bad most of them have been torn down.
It seems current developers aren't interested in taking advantage of such unique parcels.
Most recently, The Villagio at Paige Point had a chance to build a beautiful flatiron, but decided to build a tiny parking lot instead.
Hopefully, someday soon, there will be a flatiron renaissance in Indy. :-)
My Life with the Thrill Kill Kult played there. :)
Perhaps concrete and glass?
Perhaps at the foot of the Barton Tower on Mass Ave?
Also, if people haven't seen some of the picture of the great old flat irons indy used to have look for pictures of the Lincoln Hotel (Illinois/Washington/Kentucky Intersection) and the Knights of Pythias building (Mass/Penn/Ohio Intersection).