Tower House proposal dead

July 29, 2008
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Tower House on MeridianA local accounting firm has bought the Grain Dealers Mutual Insurance building along Meridian Street for its headquarters after a local developer couldn't secure financing for a proposed $50 million redevelopment (shown here). London Witte Group plans to move its offices from OneAmerica Tower and lease out the remaining space. Locally based developer Inner-Urban Homes & Hospitality let an option to buy the building expire after it couldn't land financing, said company president George Nichols. The group had proposed adding a 14-story tower including a six-floor, 130-room hotel and 160 condos, along with 600-car parking garage over retail along Illinois Street. London Witte principals were not available this morning to discuss details of their plans.
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  • Thank heaven. That's one ugly building.
  • Although I would like to see some hotels in that area again to bring some more people to the street, Ablerock is right.....it looked awful
  • I think that development qualifies for clunker status....
  • Not surprised or dissapointed. The only good thing about that project was that it was mixed use in that neighborhood.
  • It would have brought street life beyond 5pm. An office building with no ground-floor commercial or restaurant facility is a dead zone nights and weekends. A hotel-condo-office-restaurant-retail development on that corner would have been a busy place and a good anchor for the whole near north Meridian corridor.

    Perhaps London Witte will be able to attract a restaurant to their building.
  • It seems all new development has a very similar design (which I have no strong feeling
    for or against) but that I know people who read this blog despise so passionatly
    for some reason.
    It makes me think the designers know something we all don't about what will get
    approval and what will not.
  • I agree - all the 'artist renderings' of new projects are looking the same. Why not some 'art deco' looks, classic designs - brick, sconces,
    and interesting vertical lines? These appeal to the nostalgia-retro oriented it can be made to be 'green' and eye appealing as well. Also there is a very little of this style of architecture in the downtown area. These buildings in cities like New York, Chicago, Philadelphia and Cincinnati are all revered and preserved for years.
  • I like dps dude's idea.
    It would go well with the structure that was supposed to be renovated in the project.
    I personally thought it looked like a structure out of a brutalist's dream.
    It would have added life but hopefully we can get other developers in this area.
  • cityside, I think pretty much every design gets approved, outside of the historic districts.

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  1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

  3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

  4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

  5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

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