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Troubled Di Rimini apartment building closer to opening

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A controversial downtown Indianapolis apartment building that never opened due to severe design deficiencies is a step closer to being ready for tenants after city officials granted the project’s new owner a zoning variance.

Louisville-based Stock Yards Bank & Trust took ownership of the 31-unit Di Rimini project at 733 N. Capitol Ave. this year after foreclosing on a $2.8 million loan to the developer.

The building, which violated height regulations, was granted a variance Tuesday to allow encroachment into the so-called sky exposure plane at the corner of St. Clair Street and Senate Avenue.

Next up is an Aug. 23 meeting of the Metropolitan Development Commission’s regional center hearing examiner, where exterior fixes to the building will be considered. Because the building is within the city’s Regional Center overlay district, the project needs to comply with certain urban design guidelines.

The bank is proposing several fixes, including adding brick to first-floor facades, lighting at each first-floor entrance, glass doors and canopies for first-floor entrances, a new stair tower clad in brick, improved landscaping and changing leasing-office space to retail. It would also have to invest in major improvements to the interior to pass code enforcement.

The city ordered construction to stop in October 2010 after code enforcement and planning department officials discovered developer Jeff Sparks was building an entirely different structure than the one for which he had sought approval. Despite the order, the owners began moving tenants into the building, leading the state's fire marshal to issue an emergency order barring occupancy.

Violations of the Indiana building code included a lack of fire walls between apartment units or a working sprinkler system.

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  • Aesthetics?
    It looks like a prison. Perfume on a pig...
  • It Is Being Remodeled
    Cap Ave Neighbor, the city will only allow the apartment building to be remodeled if the bank pays for millions of dollars of renovations to the exterior and interior both to bring the building up to code and to greatly improve the aesthetics of the building. There is nothing being "rubber stamped," as you allege.
  • Rubber Stamp?
    Shame on the City if that "thing" is allowed to be inhabited! That thing will be a badge of municipal dysfunction for the next 30 years.
    • GO AFTER THE PERSONAL GUARANTEE!
      I agree. It should be destroyed. Hopefully that is the last thing this developer gets to build.
    • Raze It
      That building is absolutely hideous. It looks like a kid drew it, and someone constructed it. It has no place in this neighborhood, or any, for that matter. I seriously doubt that any of the cited "improvements" are going to help this blighted structure.

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      1. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

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