Herron High School has acquired the parts of the former Herron Art Institute it
did not already control, including the historic Fessler Building and a parking lot, from Minkis Builders for about $500,000.
Workers have removed a foundation where Minkis had planned to build live-work units and are putting the finishing touches
on a new roof for a structure known as the Main Building. A roughly $1 million renovation of the Fesler Building, which sits
along Pennsylvania Street just north of 16th Street, is slated to begin in the next few weeks, said Joanna Taft, who chairs
the Herron High School board. The acquisition and renovation work are being funded by school improvement bonds that are part
of the federal stimulus and through a $500,000 grant from the Allen Whitehill Clowes Charitable Foundation. The original plan
for the former art institute campus, unveiled in 2006, called for Minkis to renovate the Fesler building into seven condos,
construct new live-work units next door and sell three single-family home sites. The residential portion stalled as the housing
market plummeted but the charter school, operating out of the Musuem Building, has thrived. The next phase, still a few years
out, calls for a new building on the land where the live-work units had been proposed, school spokeswoman Karen Lalioff said.
IBJ first reported on the school's desire to take over the entire Herron Art Institute campus in an October 2009
story. (Click for a larger version of the photo above, which shows the
original 2006 proposal.)
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Welcome to Property Lines, Indy's source for neighborhood real estate news. Your host is Scott Olson, IBJ's real estate beat
reporter. Edited by Cory Schouten.
School acquires remainder of former Herron Art Institute
November 18, 2010
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Three Magi
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Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
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Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
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Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
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Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.
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Our prejudiced minds were made up before we toured that it would be something out of "Fame" We want a liberal arts, well-rounded education for her before college. We were blown away by the diversity and joy of the students as well as the dedication of the staff and faculty.
It had a college-prep and elite private school atmosphere, yet at the same time seemed very warm and accepting.
they are doing lots of things right at Heron. The school should be complete with expansion in two years they told us.
For those keeping score at home, that translates to "better than any other school in the city or suburbs".