With fountain gone, new look gives Pan Am Plaza open feel

July 25, 2013
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Pan Am PlazaThe reclamation project undertaken by Kite Realty Group to improve Pan Am Plaza is finished.

Workers ripped out the old fountain and crumbling bricks and installed a waterproof membrane and new stone pavers to stabilize the plaza until the local company can orchestrate a redevelopment.

The project spruces up the plaza and gives it a more open feel. While the fountain is gone, Kite plans to display mementos from the 1987 Pan American games—including flagpoles, cauldrons and plaques—in a portion of the plaza off Georgia Street.

The plaza was featured prominently during ESPN’s coverage of the Super Bowl in Indianapolis last year. Publicly traded Kite, which bought the property in 2008 from the Indiana Sports Corp., patched up the plaza before the game so that ESPN could broadcast from the prime property at the southwest corner of Georgia and Illinois streets.

Kite ultimately hopes to build on the property a large mixed-use project that could include a high-rise hotel, restaurants, retail space and even residential.

Coastal Partners LLC owns the 12-story, 138,800-square-foot Pan Am Plaza office building, which is nearly fully leased, said Bennett Williams, a Cassidy Turley office broker who had led the building’s leasing efforts before Coastal recently assumed the duties.

He said the improved plaza should help the building maintain and attract more tenants.

First-floor tenants include the licensed-apparel retailer Lids and a coffee shop.

  • Grass
    Too bad the grass on the plaza is already dead and an eyesore.
    • wishful
      This is the perfect spot to build a new beacon for Indianapolis. If Kite can work out terms with the parking garage owners this should be the site of Indy's tallest building within the next five years. If ever the city gets smart and builds rail to the airport terminal, this could be the city's towering entry. What a great location.
      TOO BAD the parking garage is disgusting! Hopefully someone has fixed all the leaking pipes and added more lighting!!
      • Grass?
        What dead grass are you talking about Eeyore? I looked for the grass in that picture and I don't see any. (I even squinted)
      • Ditto on Garage
        Very true. The PanAm parking garage is in pitiful shape. Please address this deteriorating space underneath the plaza...if you haven't already.
      • Maybe
        Maybe it will be done with a real project by the time the next Superbowl comes...nahhhh probably not.
      • Rink?
        What is the long-term status of the ice rink, which appears to be a semi-permanent part-time home for the Indiana Ice? Does Kite have plans to also redevelop it, or let it stay and build around it?
      • Concrete Ocean
        I have been watching the destruction and rebuilding of this property from my downtown office for the past year, wondering what the grand plan is. Now that it is open I walked across it yesterday to find the ground to be completely uneven. It looks like waves in the ocean as you walk across it and the pattern of brick on the wavy ground disorients you and made me nauseous. It truly was like being on the sea! To add to the affect along the hotel is a nice walkway that looks like a pier with a view of the convention center. I guess the random blocks of dead grass are the beach?
      • Well...
        .... I don't know which plaza YOU are looking at, but this one looks perfectly fine as what it is. The "waves" are there for a reason, that reason being drainage. What random blocks of dead grass are you referring to? Or, are you just someone who likes to complain for the sake of complaining. There are lots of you guys over on the IndyStar boards, too.
        • Open
          With or without the fountain, this plaza has been too large (and open) for our needs after the Pan Am games. I was hoping they would do something a little more interesting, but this really dissapoints...
        • Temporary
          All, this is just a temporary fix to shore up area that was slowing breaking down. The plan is for this to be developed as soon as they have a viable option.
        • Hotel
          Kite will propose a new hotel in time for next years SuperBowl bid, we will lose out to the Big Sleazy and the hotel will never be built. It is the next MSA site mark my words. It is a prime spot and should locate a 40 plus floor building, but we are a city that lacks a good volume of high rollers when it comes to development. It will take 8-10 years to develop in my "guesstimating". We are progressing, but not at a Charlotte rate where we need to be.
        • Dead Grass
          All you have to do is walk by it and you'll see the dead grass.
        • What the heck?
          The grass is dead and the plaza looks like it would have been at home in East Germany, pre-1990. Yikes. What a waste of money.

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