Renaissance Bay & SpongeBob

June 18, 2008
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Renaissance BayA huge condo project along Keystone Avenue at 78th Street is coming out of the ground fast, and the developers now are offering tours to potential buyers. The $150-million Renaissance Bay project calls for 305 condos ranging in price from $350,000 to $800,000. The developer, Sun Shiel Properties LLC, tore down the old Landings apartment complex early in 2007 and began building the replacement in July, before the housing market turned ugly. About 20 of the units have been reserved and the first of them will close in August, said Karen Tolley, the developer's vp of sales. Tours of the three building that are up are available from 1 p.m. to 4 p.m. Sundays. What do you think?

SpongeBob Square Pants coming to City Market
The Indianapolis City Market has planned a grand re-opening for next next week to celebrate its $2.5-million renovation. Plans include chef presentations and cooking classes on Monday, a visit from SpongeBob Tuesday, the weekly farmer's market on Wednesday, Conner Prairie demonstrations on Thursday and an international day with Celtic fiddle performances on Friday. The week will conclude with a new tradition, Indy Arts Market on Saturday. More information is here.

Villagio gets its pool
By a 3-2 vote, the developers of Villagio at Page Pointe won variances that allow a private pool on a triangle-shaped lot next door to the 9-story condo building. The plans from Page Development call for a "brick veneer" wall fronting East Street.

Paramount delayed again
The developers proposing Paramount Tower have been granted a fifth continuance for a hearing on the project. The $40-million tower, proposed as student housing, would replace a parking lot east of Capitol Avenue between Michigan and North streets. The hearing now is scheduled for July 15.
  • I can't wait to take dump in that pool.
  • A DUMP! it's going to get removed anyway.
  • Wonder how many of those 20 reservations actually close...

    I bet it's less than 50%
  • the starting price seems really high........I think it will look nice when finished though
  • I wonder why there have been so many continuances for the Paramount tower? I hope this project happens. There is definately a demand for projects like this. I wish them good luck.
  • The reason Paramount keeps requesting continuances is because the architect of the project can't leave it alone or keep the project on budget. Besides these obvious reasons, they are also unable to provide a suitable design solution that responds to its context instead of a composition of
  • ... cool elements that have no purpose or place. Can anyone say sunscreens on the north facade?
  • Who in the hell in their right mind would spend over 300 grand on a cond outside of downtown, in the suburb? Ridiculous, at least it's my opinion. I just think to spend that kind of money, it should go somewhere like, DOWNTOWN, where there are things to do in the proximity. The suburban condo, what is nearby? A bunch of office buildings, strip malls, et cetera.... boring... That's just not right.

    As for the Villagio project, I am still amazed by how a pool is going to take its place ACROSS THE STREET, at a CORNER lot. What a joke. If I'm going to spend lots of money on a condo, I'd rather be somewhere that has an indoor pool within the building, or rooftop pool. Why go across the street? Plain stupid and silly.
  • The condos are on the river just south of Keystone @ the crossing. Plenty of people work there to make it a nice location to buy. Plus, the north side does have some places to do things, not just boring offices & strip malls. Also, broad ripple isn't all that far away either. Maybe people would be better off downtown if they want to walk to their night-time activities, but i'd say calling the location ridiculous is a stretch.
  • My condo facility has two towers in the northside of downtown and we have a pool across an alley for both facilities. It's not unheard of to do that. When adding amenities after the fact this is just whats going to happen. I agree though that they should have thought of it to include it or put it on portion of the parking garages.

    Most condo units now-days do not build indoor pools. IT lends itself to higher insurance costs because of risks of leaking or flooding or chemical spills, it also lends itself to high operating costs because it can affect the entire indoor air quality, not to mention the possibility of moisture control and molding. Outside is the better option.
  • Well I am not saying that adding pools across the street of residential buildings is unheard of, I do realize that it exists. All I was trying to say was I did not and still do not understand how a developer can come up with an ugly building in an area that is kind of far from the real activity part of downtown and then just plunk a pool across the street from it. I just think it's plain odd. The Conrad has an indoor pool. The Athletic Condos have a pool indoors as well. If insurance costs is the reason, then I can't understand that. If developers are investing millions of dollars into property development and are actually netting millions of dollars from the sale of condos, then they can afford a maintenance team for a budget of 100 grand a year in terms of maintaining the entire building, pool included.
  • Also, it's not unheard of to include pools inside buildings as well as ontop. Have you seen Chicago? Miami? What about the Sheraton in downtown, they have a pool on the roof.
  • Ren Place has access to Whit River, right? One of the few places to boat, and free at that. Beats dragging your boat to Gesit and paying 30 bucks for a one time ramp fee.
  • Someone looking for good condo values would do well to have a look at the listings available at one of Indy's best kept secrets: I have many friends over there who love the place and its 10-minute access to downtown - but with peace, quiet, and security.
  • I think that this is a nice development and will really add to the stability of the area. The previous development was rentals and the people were more transient. I like to see redevelopment that adds density and creates a strong tax base.
  • Renaissance Bay: I've never understood the 3 story concept in condos. Who wants to carry all the groceries up stairs all the time....???

    Villagio Pool: It's not the developers that pay the maintenance on a pool - it's the HOA, and an indoor pool leads to huge HOA dues whether you use it or not.....
  • Renaisance Bay does have river access which is cool if you know what the river has to offer. If you've never been on the White River it's hard to understand, but the developer is aiming for a South Carolina Lowcountry style which is very water-centric. I've lived in the S.C. Lowcountry and this development comes as close as we can get in this region.
  • All the buildings at Renaissance have elevators. I'm just sad I can't afford one, because the plans look awesome.
  • Renaisance Bay has a great location. Close to Broad Ripple, Castleton & Keystone at the Crossing. We should be happy this development is being built inside of Marion County, not in Fishers or Carmel.
  • What is now Bay in Renaisance. 70's was a great place to live as apartments go. One of the radio stations had an annual raft race that started from their lagoon as I remember. It was a premier location along the river. It is terrific to see the river once again becoming a focal point. Above Broadripple the river has many more opportunities for recreation on it. As Indy works on its' sewers, hopefully the entire river will once again be a drawing card.

    To Dustin: there are many reasons why one would spend high 6 figures for a condo on the North side. Not only is it a premier business location but increasingly one of cultural refinement and recreation. What makes a city strong is diversity in numerous areas for housing, recreation and work options.
  • Kudos to Renisance Bay! Jeers to the Villagio! However has anybody heard anyhing about the Penn Centre proposal, MSA proposal, or that one triangular lot that sold last year at a state auction?
  • MainStreet, I think you are missing my point. I just don't think the suburanization method is working much these days, because the downtowns of large cities are making a turnaround from the massive suburban flight of the mid 1900s. I am all for urbanization, not suburbanization.
  • brguy:

    The only way Windridge Condos are a good deal is if you get them for under 150. The management is a joke, and special assessments are a total ripoff. I believe their monthlies are about 300. The majority of them were not built very well, and besides being close to CHS, they are damn near in the ghetto.

    It is sad to see what has happened to them, but I suppose at 150 they appeal to someone. I wouldn't look at it as a good deal, but rather what you can afford.
  • Mainstreet:

    WNAP Raft Race.

    I hope this link works:

    If not, just google it up. I went a couple times, was young and in HS. Big clouds of haze were everywhere. Was fun as hell.
  • Would people rather walk past another parking lot instead of the Villagio's swimming pool?
  • Da Hooey: Talking to my friends that live in Windridge...they sure don't feel that way. Of course there will always be some people who can't be pleased. But it's interesting to see that people still move their after selling their big homes in Meridian Kessler, Butler Tarkington, Brendonwood, etc. Take a look at the website and you might understand why.
  • Idyllic-

    Unfortunately, it's not a parking lot, but a structure.
  • Cory, might you be able to update us with the progress of the Jefferson or Allen Plaza project? Thank ya!
  • But, CoryW, it is a structure that will not be missed..... it's a make-shift sales office, not the Scottish Rite Cathedral. I say put the darned pool there, if someone wants to redevelop it later (when someone other than the developers of Villagio are ready and willing to INVEST in that neglected part of the downtown area) it shouldn't be too difficult.
  • Here's my fabulous idea. They should put a FOUNTAIN park in place of that strip-mall in front of the Villagio building. Not only would it look good but it would signify the beginning of the Fountain Square district! Brilliant eh?
  • BR Guy:

    I know Windridge like the back of my hand. I was there when it was built, I was at the Manor House Club daily, friends grew up there, and my mother lived there until she passed away a couple years ago. The manegement is abhorent, but obviously that is my opinion. I thinhk you can do much better, but if it fits for some people, then that is fine.

    Personally - I think it is a bad investment - check the resale values over the last few years. Windridge has seen its day - IMHO.

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