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Meridian Street buildings to get facelift

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A not-for-profit is partnering with a locally based developer to renovate two vacant apartment buildings near Meridian and 38th streets into specialized affordable housing.

The $7 million project, dubbed The Enclave at Meridian, involves the seven-story Meridian Mark (3777 N. Meridian St.) and the three-story Schuylar (3761 N. Meridian St.) buildings, along with a small duplex next door that will be torn down to make way for parking. The two buildings were built in 1928 and 1918, respectively.

The Bethlehem House, which provides services for people affected by substance abuse and HIV, will own the buildings, while Indianapolis-based Herman & Kittle Properties will serve as general contractor and property manager.

Plans call for 75 studio to two-bedroom units, along with exercise and community rooms. Both buildings will get a complete interior renovation. Construction is set to begin in early May.

Bethlehem House is set to receive $8 million in federal tax credits for the project over 10 years, and KeyBank has agreed to provide a $5.7 million construction loan, the group said. Bethlehem paid about $1.2 million for the properties.
 

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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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