The new owners of the Hamaker Building at 49th and Pennsylvania streets are planning to spend more than
$500,000 to repair the facade, add new landscaping and give the 1920s building new windows and a new awning. The local investors,
led by Bryan Chandler of Eclipse Real Estate and Greg Rankin and John Bales of Venture Cos., paid $1.5 million for the 12,000-square-foot
building. "It's just a building that hasn't had any TLC in 30 years," Chandler said. The new owners "will not" tear the building
down, he said, calling it "the type of property that urban planners are copying around the country." The group bought the
building from Judith C. Kaczmarski and her husband, George, who owned the former Hamaker Pharmacy. Current tenant Cafe Patachou
is planning to expand into a neighboring space, and the new building owners are looking for a new tenant for the old pharmacy
space. The deal was first reported in IBJ Real Estate Weekly here. (Image: Google Maps)
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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.
The new owners of the Hamaker Building at 49th and Pennsylvania streets are planning to spend more than
$500,000 to repair the facade, add new landscaping and give the 1920s building new windows and a new awning. The local investors,
led by Bryan Chandler of Eclipse Real Estate and Greg Rankin and John Bales of Venture Cos., paid $1.5 million for the 12,000-square-foot
building. "It's just a building that hasn't had any TLC in 30 years," Chandler said. The new owners "will not" tear the building
down, he said, calling it "the type of property that urban planners are copying around the country." The group bought the
building from Judith C. Kaczmarski and her husband, George, who owned the former Hamaker Pharmacy. Current tenant Cafe Patachou
is planning to expand into a neighboring space, and the new building owners are looking for a new tenant for the old pharmacy
space. The deal was first reported in IBJ Real Estate Weekly here. (Image: Google Maps)
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
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I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
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Pimlico
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While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
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I remember all the old stores, Dolens Grocery and later Friendly Foods, Lloyds Barber Shop, Mary Ellens dress shop (never went in there), and the cleaners. Great neighborhood to grow up in. That would be 40 years ago. Wow, time flies.
From what I can see this is a pretty plain suburban structure.
Great news Patachou is expanding, I've never had anything but a great experience there. Would be great if they could have better outdoor seating, not right on top of the bumpers of parked cars! I was sad that Corks (right?) Market left awhile ago, but it was definitely struggling to find the needed niche in the neighborhood. Now that Fresh market is a few blocks away it seems hard for a market to go in there, though one more like Goose (featuring *really* local foods) might do well.
This is true. They opened one by me and within a year it was closed. Brand new building sitting vacant. Hopefully Dunkin Donuts fills the void.
The 49th/Penn isn't a glorious building but it's in my neighborhood and I love having a little retail corner...only complaint is that the up front parking is alittle awkward (always have cars backing out into the street)