Apartments planned for Virginia Avenue office building

October 29, 2013
Back to TopCommentsE-mailPrintBookmark and Share

Large apartment developments featuring a mix of retail tend to get the most attention among the plethora of residential projects either under construction or in the works. But there are plenty that fly under the radar, too.

42 Virginia
                              Ave project 225pxAmong them: a small project downtown at 42 Virginia Ave., across from the 500 Festival Inc. building, that will include five units and 700 square feet of retail space.

The family partnership that has owned the building since the 1980s is converting it from office to residential use. A bail bonds service last occupied the ground level. But the owners decided to go a different direction with the property, since the building could never command lucrative rents as a Class B or C office building, said Dave Lucas, one of the owners.

So they’ve chosen to invest an undisclosed amount of money in the 9,500-square-foot building in hopes of targeting the “higher-end residential market,” he said. Constructed in the 1960s, the building is clad in stucco and limestone.  

Plans call for retail on the ground level, two one-bedroom units (650 square feet) on the second floor, two two-bedroom units (850 square feet) on the third floor and a three-bedroom unit (1,600 square feet) on the top level. Rents have not been determined, Lucas said.

A staircase at the center of the building will be removed and relocated to the outside of the building, and will be enclosed once construction is finished, to provide more space within the units, Lucas said.

A one-story structure next to the apartment building has been torn down to give tenants drivable access to the rear of the building. That’s where a pair of two-car garages will be located inside the ground level.

The renovation should be finished in about six months, Lucas said.

  • No windows
    Does this building really have no windows?? Sounds perfect for "higher-end residential"!!!!
  • Label me jealous
    I wish I could afford to live in a building with no windows. I suppose I could always just get incarcerated and misbehave so I get thrown in "the hole."
  • OMG
    Does it get any worse. This is horrible. I can't believe the city would allow this.
    • Probably
      The city suggested they stagger the "4" and the "2"
    • U-G-L-Y
      Wow, this makes the De Remini look like the Taj Mahal.
    • seriously
      this is as stupid as the building going in next to Jimmy johns at meridian and washington downtown. no imagination! it's like refrigarator designers are making these plans.
    • Take it easy
      Settle down people, this is an existing building, it's not like they've been given clearance to construct some monstrosity. The building is quite long and has all of its windows on its side, they'll have a great view of Monument Circle.
    • Excuses
      We all know that this is an existing building. That is no excuse. Look at what Milhaus did with Artistry at the old Bank One Ops center. The same thing could easily be done here to make this building look partially decent instead of terribly offensive.
    • are you kidding !?
      Is the Family Partnership mentioned in this article reading these responses from readers and sharp minded urban citizens? They should be ashamed of presenting this type of conversion with such little regard to aesthetics and human interaction. This is abysmal. It should receive an F in the architecture arena. And how can the city approve this sort of design dreck. Where is the vision. Just want to command rock bottom rents - go for it. Way to water down a potentially viable and active footprint in the city core.
      • Just curious...
        Have any of you bothered to actually take a look at the existing building? Granted, I would like to see some punched openings (windows for you laymen) on the front facade, but there's not a lot for them to work with. However, I applaud them for looking to rehab an existing structure rather than tear down and rebuild.
      • Yeah....
        .... all you "experts" are right! They should just tear it down and start new! TEAR IT DOWN, WE SAY!!!! P.S. The apartments WILL have windows. Of course, most of you can't get much past your typical snap judgments, the "experts" that you are. SMH
      • Love the internet.
        Yes, Amax, I am sure the owners of this building are scouring the IBJ blogs looking for uninformed, self-described "sharp minded urbanists." I bet they plan on making lots of changes based on this vocal minority. Especially the one claiming this building was "horribly offensive". The narcissism and hyperbole on here is amazing.
      • It makes me chuckle when the whine and cheese crowd goes ballistic over a basic rendering. The rendering is crude at best. There appear to be balconies shown on there, but it does not show doors to access them. With this being high end, I doubt it will be without windows. I have yet to read that this received city approval. so unless I am missing it, those who are attacking the city, chill a little. I am betting that the final product will look much different and much better than this.

      Post a comment to this blog

      We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
      You are legally responsible for what you post and your anonymity is not guaranteed.
      Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
      No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
      We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

      Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

      Sponsored by
      1. Thank you to the scientists who care enough to find a cure. We are so lucky that their intelligence has brought them to these understandings because it is through these understandings that we have new hope. Certainly the medicine will be expensive, these drugs usually are, especially the ones that are not mass produced. If I know anything from the walks that my town has put on for FA it is this: people care and people want to help. Donations and financial support can and will come to those who need it. All we need is a cure, the money will come. I mean, look at what these scientists have done thanks to the generosity of donors. 30 million dollars brings us here where we can talk about a drug's existence! There is so much to be frustrated about in this world, but this scientific break is not one of them. I am so happy for this new found hope. Thank you so much to the scientists who have been slaving away to help my friends with FA. We wish you speedy success in the time to come!

      2. I love tiny neighborhood bars-- when I travel city to city for work, it's my preference to find them. However, too many still having smoking inside. So I'm limited to bars in the cities that have smoking bans. I travel to Kokomo often, and I can promise, I'll be one of those people who visit the ma and pa bars once they're smoke free!

      3. I believe the issue with keystone & 96th was due to running out of funds though there were other factors. I just hope that a similar situation does not befall ST RD 37 where only half of the overhaul gets built.

      4. It's so great to see a country founded on freedom uphold the freedom for all people to work and patronize a public venue without risking their health! People do not go to bars to smoke, they can take it outside.

      5. So, Hurko, mass transit has not proven itself in Indy so we should build incredibly expensive train lines? How would that fix the lack of demand? And as far as those double decker buses to bus people in from suburbs, we can't fill up a regular sized buses now and have had to cancel lines and greatly subsidize others. No need for double decker buses there.