Target proposed for MSA site

April 18, 2007
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A partnership of Hearthview Residential, Mansur Real Estate Services, Lauth Market-Abilityand Venture Real Estate has proposed a complex including a 14-story tower along with a Target store, office space and condos for the Market Square Arena site.
The $150-million project would include a total of 228,000 square feet of condos. The partnership group, dubbed Market-Ability Partners LLC, included in their application an expression of interest from Target.
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  • I'm surprised there's only two pitches.
  • I think that a target in the downtown area would be a wonderful addiiton to the neighborhood. With all of the recent residents in downtown Indianapolis recently, we really need to have a store like Target that sells groceries also.
  • This location for a Target is perhaps the poorest choice of all. Can you imagine fighting everyone for a parking space? People going to City County, City Market, and other places will take all the parking and we will be hoofing it from afar just to shop there? I don't think so. I would rather see this in a larger stand alone area which there are several other options to choose from.
  • I too can't beleive that there weren't more proposals for this prized piece of downtown property. I love the thought of a Target store in the downtown area (much needed) but am disappointed with the height of the residential portion. I agree that the Target store will be much better served in an area of downtown that isn't going to have people shopping and fighting for parking with people going to the City County, City Market or a downtown event.
  • The renderings are beautiful, mixed use is the only way to go but unless Target is thinking a small scale urban fromat there is just not enough people living in the downtown area to support a standard Target. That is the same reason we don't see a major grocery store. Trader Joes or Sunshine Market more realistic. Demographics looks great for them. Folks downtown certainly need major retailers but the retailers need more folks. Unless we can offer some good incentives. If the city is handing out money to draw retailers lets not forget some of the small guys that have stuck it out downtown when it wasn't booming, they would like to grow as well. Lets grow Indy-it will happen!
  • Regarding the parking comments...How do we know that they are not going to incorporate some type of parking structure?
  • Good question, Mike. This proposal calls for more than 600 parking spaces.
  • In regards to why I brought up parking. Target does not approve of parking garages due to logistics of getting people in the store, as well as carts on ramps. This is a requirement by Target! Also think of the local retailers who will get wiped out by this deal...I think the city needs to see what teams are still out there!
  • There will definitely be plenty of parking available at the Target store but look at the blog on starnews.com, most people that live downtown likely wouldn't drive there anyway. About just a thought's comment... are you kidding? There are plenty of people living (working) downtown to support a Target.
  • This proposal is something that should be going up in Carmel, not the downtown of the 13th largest city in the country!
  • Target is great for another area downtown, but not at this location. This site deserves better development.
  • Anon Designer.... in regards to parking, Target has no such policy against parking garages. I live in Los Angeles and their are at least 2 Target stores with underground parking garages within 30 minutes of me. Additionally, I hardly think that a Target downtown is going to wipe out any local retailers. There aren't many stores downtown right now that really offer a selection of general merchandise, anyway.
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  • One year later...still nothing. This site must be cursed for future development. No news from City Hall, news outlets, or anyone on the future. It seems like someone or some company could build something great on this land. I want to see Indy be all it can be and show the world we are ready for high rise residential condos.

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