First piece of Central State redevelopment nearly finished

August 5, 2014
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The $5 million redevelopment of Historic Central State on the city’s west side is nearing its first milestone, as work on the project’s centerpiece nears completion.

Central State 225 pxReverie Estates is redeveloping four buildings on the 115 acres along West Washington Street with the help of a $3 million loan from the Local Initiatives Support Corp.

Reverie is converting the administration building, now known as the Central State Mansion, into 67 dormitory-type rooms for student housing. It welcomed its first tenant late last month, Reverie President Chris Piazza said.

Monthly rental rates range from $375 to $425.

“We’re getting a ton of traffic and the response has been wonderful,” he said.

Reverie tried to recapture as much as possible the essence of the 1938 building, which anchors the redevelopment. Chairs in the study came from an old library in St. Louis, for instance, and the seats in the movie room from an old theater in Ohio.

“What always impresses me about Chris’ work is that he doesn’t throw anything away,” LISC Executive Director Bill Taft said.

Piazza hopes to attract a brewery to occupy the kitchen and dining building. Other plans call for an event center, and office and industrial space.

The Christel House Academy West charter school is set to open on the property this month. And a senior-housing project by Pedcor Cos. off Warman Avenue to the east should be finished by the end of the year. It follows Pedcor’s The Steeples on Washington, a 144-unit affordable-rate apartment complex, built in 2011.

The city of Indianapolis owned the land and sold or donated pieces of it, while investing in infrastructure improvements and granting a tax abatement for development.
 

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  1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

  3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

  4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

  5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

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