North side project to include Paradise

May 11, 2007
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Office/Retail projectA two-building office and retail complex at the corner of Meridian and 96th Street will include a Paradise Bakery & Cafe and a McAlister's Deli. Landmark Properties is developing the 45,700-square-foot project just south of McDonald's. One of the buildings will be three stories and the other will be two. Both will include retail on the first floor. The project was designed by Noblesville-based Curran Architecture.
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  • You know what else would go great there? A Starbucks!
  • Anyone know whats gonna happen with the closed Kro-ghetto at 96th and Meridian?
  • The parking lot in that rendering looks great!
  • this looks like a nice development (again, higher density!), but i agree with liberty bell (ha ha - nice name) with the parking lot. i hope that will be towards the back. this city, for some reason, neglects to put buildings right up on the sidewalk. that creates sprawl and it's unfortunate and annoys me everytime i see a project like that. we should be encouraging pedestrian traffic with every new development (less car trips, more calories burned). but again, this will be a nice overall addition to a marquis area in need of some polishing...
  • The parking is on the west side of the building. The rendering is from the west looking east. Meridian Street would be int he background. The building is pushed up as close to Meridian Street as zoning ordinances will permit, with just a drive lane between the grass/landscaping that will exist between Meridian and the buildings.
  • I'm glad Curran Architecture has been chosen for this building. I like a lot of their other work, like the animal hospital on Rangeline Road in Carmel. Their style is a lot of midwestern-prairie style updated with a very clean, modern chic.
  • Shawn, thanks for the clarification!

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  1. Aaron is my fav!

  2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

  3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

  4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

  5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

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