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. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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