Reverie Estates plans Irvington apartment project

March 14, 2013
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Butler Apartments IrvingtonLocally based Reverie Estates has purchased the 53-unit Butler Apartments along Washington Street in Irvington and plans an extensive renovation including restoration of a clay tile roofline feature a prior owner removed. Some of the updated studio and one-bedroom apartments should be available by the summer and will rent starting at $400 for studios and $600 for one-bedrooms, said Christopher Piazza, Reverie's president. The company plans to restore original hardwoods, wood windows, soaking tubs and doors in the units, while installing new fixtures in the kitchens and bathrooms including stainless appliances, subway tile backsplashes and hex tile floors. Piazza did not disclose a purchase price for the property at 5230 E. Washington St. Common area features will include bike parking, a gated courtyard with community garden and parking with electric vehicle plugins. The apartments, built in 1927, have an assessed value of $652,000. Property records show the prior owner was a Carmel investor. Reverie owns three apartment buildings in Irvington including Audubon Court and The Reese, and also owns a handful of downtown buildings including Penn Arts at 111 E. 16th St., Piccadilly Apartments at 28 E. 16th St. and the Indy Indie Artist Colony at 26 E. 14th St.

Photo: Bass Photo Archive, Courtesy of Reverie Estates

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  • Thanks Chris!
    Thanks Chris, Rebuiling/Restoring Irvington one apartment building at a time. This company does great work in restoring/rehabbing these apartment building and as a resident of Irvington I appreciate everything you do.
  • Awesome
    Many congrats to Chris and his team at Reverie Estates!!!!!
  • Congrats!
    Big Congrats to Chris, Ron and the gang at Reverie!

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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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