The fates of several religious structures in older parts of Indianapolis, often considered architectural gems, are uncertain because dwindling congregations lack the wherewithal to keep up with escalating costs.
Town officials hope plans for a roughly five-story, $70 million mixed-use project will spur additional development and help transform the nondescript downtown into a cluster of retail and residential character.
Thousands of apartments have been built downtown in recent years to satisfy a voracious appetite for more rental housing in the city’s core. But demand for new apartments in the Indianapolis area finally appears to be softening.
Senate Appropriations Chairman Luke Kenley, R-Noblesville, wants the state to buy the 102-acre General Motors stamping plant site on the western edge of downtown and turn it into an expansion of White River State Park.
The development plan by Buckingham Cos. consists of seven more buildings—including a nine-story tower—that will contain 450 apartments and 19,500 square feet of retail or office space. A parking garage also would be built.
The Indianapolis Historic Preservation Commission on Wednesday evening approved the design of the five-story Montage on Mass apartment and retail project, but the building's controversial electronic-mesh art display likely won't be considered until next year.