Stock Yards Bank finalizing Di Rimini makeover plans

July 25, 2012
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Di Rimini NewThe bank that owns the infamous Di Rimini apartment project is offering more details about its plans to overhaul and finish the development at 733 N. Capitol Ave. Stock Yards Bank & Trust, which took over the property from a developer who put up a vastly different building than the one the city approved, has been working with city planners in a bid to salvage the project.

Among the changes reflected in the new rendering above:

  • Brick on the first-floor facades along Capitol Avenue and St. Clair Street.
  • Lighting at each first-floor entrance, with address numerals.
  • Glass doors and weather protection canopies for first-floor entrances.
  • Improved window, sliding door and roofline design.
  • New stair tower clad in brick.
  • Improved landscaping.
  • Removal of leasing office space and replacement with a retail use.

A hearing examiner is scheduled to consider approval of the changes Aug. 23. Planning department officials have said they'll recommend approval if Stock Yards makes a handful of additional, minor changes to its design. 

Want to compare the proposed new look to what's there now and catch up on the Di Rimini saga? Click here.

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  • Better than nothing
    I'm still not a huge fan of the design, but, considering how horrendous the current construction is, I'll take it. Retail is good, and brick is far better than country-shack stone. It's also more economical and ecologically-friendly to fix what's already there than to tear it down and start from scratch (despite that many downtown urbanites -myself included- wouldn't shed a tear if that were to happen).
    • Still hideous
      Take the top two floors off and maybe we can start talking about a real solution...
      • Polish a Turd
        Mythbusters proved that you can polish a turd... http://www.youtube.com/watch?v=yiJ9fy1qSFI However, the final outcome depends on how much junk is in it to begin with. Unfortunately this building has a lot of bad things to start with. This is better than the previous renditions, but still a shame for the city of Indianapolis.
      • SHAME
        Shame on the city of Indianapolis for even letting the building get far along the construction process. Would this have happened in Carmel? We all know the answer. It seems like the leadership of some places just cares more.
        • In Carmel....
          If this was built in Carmel, the Mayor would most likely have hand selected the builder based on campaign contributions, the construction would have been skethcy at best (see Sophia Square), and rents would have been subsidised with tax dollars to boost occupancy. So I guess you are correct, it would have been a different project.
        • Untitled
          Not bad given what they started with. But get rid of all the EIFS and replace with brick or metal panels. EIFS is banned in the RC Guidelines. Why did fire have to torch the Cosmo and 21 Park but not this thing?
        • Esta
          "the Mayor would most likely have hand selected the builder based on campaign contributions" Yeah, that NEVER happens in Indy, does it? Broad Ripple Garage
        • Time To Move On
          It's not going to be the prettiest building, but it is certainly adequate. I am sure they will win city approval, and finally, that ugly eyesore will be made into a useful residential structure. Also, it is time for some people to let go. Mark, they are not going to remove the top two floors, as it would be prohibitively expensive and only achieve a minor aesthetic improvement. There is fantasy land and there is the real world, and in the real world, this is the best result that is going to be achieved.
        • Indy
          Ha! I guess you are correct. Ironic thing is Sophia Square and the BR garage are both projects of the same politcally connected contractor.
        • Other Ideas
          I would not approve this, but if so, I'd rather see a lot more screening - lots of trees, let vines grow over it - anything to cover this up. It's a laughing stock and the aplogists have incredibly low standards.

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        1. to mention the rest of Molly's experience- she served as Communications Director for the Indianapolis Department of Public Works and also did communications for the state. She's incredibly qualified for this role and has a real love for Indianapolis and Indiana. Best of luck to her!

        2. Shall we not demand the same scrutiny for law schools, med schools, heaven forbid, business schools, etc.? How many law school grads are servers? How many business start ups fail and how many business grads get low paying jobs because there are so few high paying positions available? Why does our legislature continue to demean public schools and give taxpayer dollars to charters and private schools, ($171 million last year), rather than investing in our community schools? We are on a course of disaster regarding our public school attitudes unless we change our thinking in a short time.

        3. I agree with the other reader's comment about the chunky tomato soup. I found myself wanting a breadstick to dip into it. It tasted more like a marinara sauce; I couldn't eat it as a soup. In general, I liked the place... but doubt that I'll frequent it once the novelty wears off.

        4. The Indiana toll road used to have some of the cleanest bathrooms you could find on the road. After the lease they went downhill quickly. While not the grossest you'll see, they hover a bit below average. Am not sure if this is indicative of the entire deal or merely a portion of it. But the goals of anyone taking over the lease will always be at odds. The fewer repairs they make, the more money they earn since they have a virtual monopoly on travel from Cleveland to Chicago. So they only comply to satisfy the rules. It's hard to hand public works over to private enterprise. The incentives are misaligned. In true competition, you'd have multiple roads, each build by different companies motivated to make theirs more attractive. Working to attract customers is very different than working to maximize profit on people who have no choice but to choose your road. Of course, we all know two roads would be even more ridiculous.

        5. The State is in a perfect position. The consortium overpaid for leasing the toll road. Good for the State. The money they paid is being used across the State to upgrade roads and bridges and employ people at at time most of the country is scrambling to fund basic repairs. Good for the State. Indiana taxpayers are no longer subsidizing the toll roads to the tune of millions a year as we had for the last 20 years because the legislature did not have the guts to raise tolls. Good for the State. If the consortium fails, they either find another operator, acceptable to the State, to buy them out or the road gets turned back over to the State and we keep the Billions. Good for the State. Pat Bauer is no longer the Majority or Minority Leader of the House. Good for the State. Anyway you look at this, the State received billions of dollars for an assett the taxpayers were subsidizing, the State does not have to pay to maintain the road for 70 years. I am having trouble seeing the downside.

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