Locally based CSO Architects Inc. is working on plans to remodel a former Bally Total Fitness
location behind the Fashion Mall at Keystone into its new headquarters. The 24,000-square-foot former fitness facility at
8831 Keystone Crossing is vacant and falling into disrepair, according to CSO's application for a tax abatement on the
$1.8 million project. CSO bought the building and is working on plans for a sustainable renovation with LEED certification.
If approved, the 10-year abatement would save the company about $56,000 in property taxes, roughly the same amount in additional
taxes the company would pay for its planned improvements to the property. As part of the application, the firm pledged to
create 10 new jobs and retain 70. The company's current headquarters is in the Parkwood Crossing office complex at Interstate
465 and Meridian Street. CSO, which was founded in 1961, previously occupied space at Keystone at the Crossing for about 25
years before moving to Parkwood Crossing in 1999, managing partner James Schellinger said. “Given these economic times
and the cost of real estate, we thought we could find an existing building where the cost could be very advantageous right
now,” he said. The firm expects to have the renovation completed by February, when its lease expires at Parkwood Crossing.








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I am happy to see they are pledging to create 10 more jobs...I just wonder how the current economic climate will support their intentions...
Furthermore, it's not like there's too much going on in the city. Besides the JW Marriott (CSO Project) and the Convention Center (Ratio), what else is there? Sure, there's LOTS of stimulus-funded infrastructure work out there...but architects rarely do roads and bridges...
New Wishard Hospital
Riley Hospital Expansion
Glick Eye Institute
IU-Clarian Neurosciences Hub
Methodist Hospital Bed Tower
NCAA Headquarters Expansion
Buckingham: Delaware/South/Virginia mixed-use
Buckingham: 10th/Indiana apartments
And several smaller projects. It's been a while since this much development has been proposed or under construction in the city.
Also, "proposed" doesn't always (or often) equate to actual projects. There have been HUNDREDS of viable proposed projects in the city over the last few years...few of them have actually been realized.
Regardless, the climate is still very difficult in Indy and environ. You can argue that there are proposals out there, but if you really want to argue that the architectural market is perfectly fine, there's lots of work, and that jobs shouldn't have been lost in architecture and the construction trades, you are SORELY mistaken.
Unless most of the current proposals have mostly private funding, they will likely not happen. The currently mayor has shown very little interest in spending money on development beyond infrastructure. Furthermore, healthcare projects aren't exactly what this city needs...
But I could also go on and on with my list of projects (the ones I listed include 5/8 healthcare/research because those projects tend to be very large and I was looking to impress):
Waverley Expansion
The Marmon (Washington/East St)
Trailside
The Di Rimini
iMOCA/Aparments in Fletcher Place
Apartments at Indiana/Milburn
A large portion of these are already under construction or are very likely to be built.
It's not just a whim that most firms have laid off a big chunk of their staff. A friend of my who just graduated is the only student out of 24 who has a job.
That's not trashing the city. I think its obvious that development is slow right now.
But what, specifically, is different about right now than say, 2006? Given what appears to be a decent rate of mid-to-large scale proposals compared to pre-recession times, are too many projects not moving beyond concept + initial rendering? As you say, larger scale proposals are always coming and going, regardless of the times.
Or is the problem more with smaller, less publicized projects (the meat and potatoes of architecture firms?) and those have really disappeared?
For instance, the trend of "referendums" in this state has really done the architectural community a great disservice. Several MAJOR school projects have gone to referendums. When these mega-$million projects do not pass (by slim margines, usually), it shelves these projects and people lose work/jobs. I know for a fact that the vote against the Perry-Meridian project last year was a large determining factor in CSO's decision to let a large number of workers go.
Another issue is that many developers are looking for tax abatements and/or stimulus funding to get their projects moving. Many of these projects are stalled because this funding is not available, is deemed inappropriate, or is under consideration by the state.
Many projects are stalled at the moment because private donations are down due to the economy. Most University work, esp. private schools are driven by private giving. When private giving tanks, so does new construction/renovation.
However, the largest problem is that there just isn't enough work out there to insure the success of all the firms in the area. Whereas you may see a lot of developments going on, there just simply isn't enough to go around. And even so, with the economy being what it is, architects are being paid less per contract and often doing preliminary work gratis in the hopes that the project will take off.
It is a VERY tough time for architects right now. Those of us who are still employed are lucky to have kept our jobs. We're not out of the woods yet, but there have been some signs of improvements, though it is still very fragile...