Milhaus planning condos in Chatham Arch neighborhood

April 24, 2014
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It’s been several years since a developer has built a large condominium project downtown, thanks to the housing-market meltdown and a trend that’s turned toward rental properties. But that could change, now that Milhaus Development is under contract to buy two adjoining properties within the Chatham Arch neighborhood.

The multi-family developer whose downtown apartment projects include Artistry and Circa plans to build between 60 and 90 condos in a roughly one-block area. The one-acre properties at 625 E. 11th St. and 602 E. 10th St. are bounded by Broadway Street to the east and Park Avenue to the west.

Milhaus won’t divulge what its total investment will be or how much they’ll ask for the units until the Indianapolis Historic Preservation Commission hears its plans. A hearing has been set for May 7. Milhaus project churchBoth structures on the properties, Milhaus project
                              warehousea church and a vacant warehouse, would be demolished.

Construction could start late this year or early next year. The properties had been listed since August by CBRE.

“It’s clearly right in the middle of a residential district and it’s a great infill opportunity to take,” said Jeremy Stephenson, a partner at Milhaus. “It’s already there, in terms that it’s an established strong neighborhood.”

The northern property fronting 11th Street is owned by Irish & Sons Realty LP and formerly housed the operations of The Frank E. Irish Co., a large Indianapolis mechanical-contracting firm that closed in 2008. The asking price of $985,000 includes a 15,000-square-foot warehouse and 9,000-square-foot office. The property is zoned for commercial use.

The southern parcel fronting 10th Street is owned by Park Avenue Church of Christ, which would move after the sale. It’s zoned for residential use. CBRE didn’t put a price on that parcel, calling it negotiable.

“We were pleased with the interest in the properties and it confirms our initial approach, which was that this is a redevelopment play for the two-acre block,” said Gordon Hendry, first vice president of CBRE.

Meanwhile, Milhaus has entered into a partnership with the owners of the two remaining lots on the east side of North College Avenue and south of Massachusetts Avenue for another apartment project with retail on the ground level. The lots are just north of where Milhaus is building Circa, and they’re owned by Lyle Feigenbaum, who operated the Scholars Inn Restaurant and Lounge on Mass Ave until 2010.

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  • Great Infill - RIP Mass Ave Parking
    I love the basic idea of condos in the Chatham Arch area. I'm a little concerned about the loss of the last remaining free parking lots on Mass Ave. Yes, I know, we're in a city and we should walk/bike/etc. However, when you do need to drive, parking is a nightmare currently. With all the new places opening and the loss of these last few precious spaces, it is going to be crazy!
  • Walk a block
    Parking in Indy is NOT crazy when it is crazy this will be a city and not a hope scotch of parking lots. Walk, this area is not Castleton.
    • STOP
      For the love of God, stop talking about how "bad" parking is in Indy. Even when the Super Bowl was here, it wasn't difficult to find a parking spot near Mass Ave. Parking is never bad anywhere in Indy, at ANY time.
    • Really?
      I'm not talking about downtown as a whole, but Mass Ave. Have you been there recently? I have, and except for Sunday, it is next to impossible to find parking parking along Mass Ave. It is only a matter of time until Chatham Arch goes to permit parking for their residents, which will only make it worse. It's great to be hipster and say "walk," but I live at 21st and Meridian. So, it is not always practical to do that.
      • Plus
        There are three to four new restaurants opening. You're CRAZY if you think it is easy.
      • mixed feelings about condos
        60-90 new condos in the area? This is almost starting to make me uncomfortable... I live right behind Chatham Tap and have for years. Love to see the growing neighborhood, but it's really only growing in HOUSING. There's still nowhere to shop, and we only add like one new bar/restaurant a year on average. Suddenly everything is way crowded. I have my own garage, but I always wonder where anybody else parks. We need a pay garage. We also need way, way more bars and restaurants.
      • Parking
        Parking is becoming an issue around Mass Ave, especially as the bordering neighborhoods seek and get (as Lockerbie did) residential permit parking. While you can occasionally find parking in Chatham, or further down Mass east of College, on-street parking near the core can be hard to find at peak times. Athenaeum did propose a garage on their surface lot, but I think that got killed due to neighborhood opposition?
      • Calendar the events
        The parking gets worse when there is an event like the parades, Monumental marathon or Criterion bike race. It gets really bad when the firefighters have a party. St. Patrick's day, safety convention and equipment convention. The schedules for each of these need to be more widely distributed. We have the new bike shares, but that will not help.
      • Well
        Generally, I'm not one to complain about parking in downtown Indy because - as others have pointed out - there is a plethora of it and it is USUALLY easy. That said, ANYONE who claims that parking on Mass Ave. is no problem is simply talking out of their butt. Parking ANYWHERE near Mass Ave. on a busy weekend night can TRULY be a hassle.
      • Maria
        Maria, do you even LIVE downtown? You have quite a few opinions about downtown related topics but I usually find them pretty uninformed. Just wondering...
      • parking
        I live east of downtown, but visit Mass Ave two or three times a week. There is a plethora of free parking near Mass Ave. If you want to go to Ralstons, Mesh, etc, there is always parking either on Park, St Clair or East Streets. If you are wanting to go to Bakersfield or anywhere near there, there is always metered parking on Delaware. I am not sure how you all are having so much trouble parking, unless you are wanting to park within 10 feet of the entrance of where you want to go.
      • Schmarking.
        Have to agree with Maria. I'm routinely around Mass Ave, and I can never recall spending more than five minutes driving around, looking for a space. I guess that constitutes and ordeal for most of these anti-density folks from the provinces. So you don't find parking directly on Mass Ave...try one of the side streets. Vermont usually has plenty of parking. So do Alabama and New Jersey. Come on, Indy, learn to walk a few blocks, bike somewhere, or take mass transit. Maybe then we can stop being one of the ten fattest cities/states in the country.
      • Parking Woes
        For everyone whining about parking, leave your vehicle at home and bike, bus or cab. All of these options are available to you and are easy to use. Personally I never take a car downtown and I've lived and worked in and around downtown since '93.
      • Chatham condo development
        I hope they build at least 2 twin 15 story story or taller type towers like all the other big and mid sized cities are doing these days, something like brick, limestone, and glass would really look sweet and cool there and on the sky line.
      • Pardon me...
        Sassafas, dear..... just because someone complains about parking doesn't make them "anti-density" or provincial. I consider myself to be very "pro-density" and have a keen interest in urban planning. But the FACT is that this city is VERY much car oriented. As much as we'd love everyone to just hop on a bus, ride a bike or *GASP* walk, it's not going to happen over night. I live in the heart of downtown and have lived in other major city centers for the majority of my adult life ( Los Angeles, Miami and Houston). No one is calling for huge, gravel lots but parking IS something that needs to be addressed as that area (Mass Ave.) becomes more dense. If not for the sake of the patrons of the blossoming businesses along that corridor, then for the residents of that area, which is becoming one of the most densely populated in all of downtown.
      • Bad Arguments
        I'm in favor of walking and biking and reducing parking, but not when it actually happens. It's a city, time to grow up and accept that parking in trendy is areas is difficult on nights and weekends. Get a cab or take a bus if you can't walk or bike. Or complain away, but don't stop development in our best areas. This is what happens when cities grow up, every city that is growing deals with this.
      • still sound anti-density to me.
        Marshall, while I'm not your "dear", I do appreciate the turn of speech, since I really try to be gracious. But your keen interest in urban planning isn't going to get sharpened when you continue to accommodate people like Nick, who lives only 2 miles (at most from downtown) and still apparently drives. Of course Indy won't become a transit city overnight. (None of the other cities you lived in are particularly celebrated for their transit either.) But if you accommodate the drivers at the slightest hint of medium density--and medium density is all you really have around Mass Ave--you're also never going to solve the problem. It's like widening the roads on highways just because, for 2 times a day, people can't drive right at or above the speed limit. (Notice that the City subsidized a parking garage in Broad Ripple and it still rarely gets much use. People drive and drive to find a good space, rather than use the garage...but RARELY would someone simply opt to leave Broad Ripple because it took too long to find parking!) I remain unconvinced that there's a parking issue around Mass Avenue...looking 5 minutes for a space and then having to walk four blocks to your destination does not constitute a hassle, unless you've never lived in a city.
      • Parking
        IS something that needs to be addressed. Until this city has real, viable alternatives to taking a car, there will be a need for parking. Our transit system, in its present form, does not cut it. For people looking to go out for an evening, taking a bus is not a realistic option, given the limited hours of operation and access. With the city as spread out as it is, most people will opt for the car instead of a $60 round trip taxi fare. A taxi is fine if you're coming from within a few miles, but for anything much further it is simply to cost prohibitive. I love Indianapolis, especially downtown, and I THINK we're heading in the right direction. But this ain't NYC (yet)....
      • RE: Sassafras
        Completely agree with you Sassafras. There is a disconnect between us and the people complaining. The people complaining think its their God-given right to be able to park right on Mass Ave in front of their given destination. You and I think that if you are in or near the downtown of a top 40 metropolitan area, walking a few blocks to get to your destination after parking your car doesn't qualify as a "hassle."
        • Parking this weekend
          I wish we could post pictures on this blog. I will be going out to Mass Ave this weekend in the evenings and wish I could take pictures of the abundant parking everywhere, in every direction.
        • "Maybe then we can stop being one of the ten fattest cities/states in the country."
          I would suspect there is an extremely high correlation between the percentage of people that complain about parking in a city and the percentage of overweight people in that city.
        • Valet Parking
          Valet parking can always be utilized to allow for the people who prefer parking close to the desired establishment. I think mass ave could be compared to "Miracle Mile" in coral gables, Florida. Valet parking can be used until real demand for a small garage can be built one block off Mass Ave.
        • ideas parking and otherwise
          Kudos to Milhaus for helping develop downtown. While I am not a huge fan of some of their architectural designs (Artistry), I have complete faith IHPC will manage the process in a manner that is beneficial to nearby downtown neighborhoods (the IHPC is keenly aware of parking constraints in this area) and reflects their ongoing growth and evolution (attracting more families, etc). Besides, the space today in its current form (vacant) is of zero use or benefit to the neighborhood and it arguably attracts crime, trash and trespassers. On that point, in order to really improve the 'livability' downtown we could certainly use more green spaces and daily neccessity shops (as well as bars and restaurants), such as a bakery, movie theater and convenience stores. Case in point: I love to read the IBJ but for the life of me I can't think of a shop along Mass Ave east of Marsh where I can buy a copy. Is that not insane? Look at similar neighborhoods in Chicago (i.e. Oak Park). They are dotted with tasteful corner shops...

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