Updates on downtown projects

January 9, 2008
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The MaxwellBy popular demand, here are a few updates on new development projects: The Maxwell is coming out of the ground on schedule, but sales have been slow so far, said Bill Thomas, a vice president with developer Kosene & Kosene. The six-story, $24-million building will feature 105 condos and ground-floor retail space. Another mixed-use project, Ralston Square, is a few months behind but still a go, said Brian Epstein, who is developing the $60-million South Street project. He has letters of intent with 85 percent of the retailers for the project and is close to a hotel deal, although he would not name the hotel brand or retailers. Groundbreaking should take place toward the end of the summer. Finally, renovations at the retail/office building at 38 E. Washington St. are nearly complete, but there is no word yet on tenants. (The developers of Penn Centre and Legends District SoDo did not return phone messages.) What else are you hearing?
  • The Stutz Tower has been garnering some interest in the SSC forums. :)
    It looks really nice & classy with it's trees & antennas & all...
  • Any news on the former Payton Wells lot? There is a 'Sale Pending' tag on the For Sale sign near 16th & Meridian, but that has been there for awhile.
  • Any word on the proposed airport hotel connected to the midfield terminal?
  • So I'm confused. The Maxwell is five or six stories? Here it is listed as six but renderings that i have seen show it as five. Anyway, nice update!
  • If K&K is going with steel and concrete he better go 6+. Why you wouldn't go podium parking/retail with sticks and bricks above is beyond me. Sticks and bricks = lower prices = affordable dtown housing.
  • The shoes building on washington street is just cheap. What is hiding under that 60's facade? Why don't they remove it?!
  • Thanks for the updates.

    I love Ralston Square, am totally hoping the Legends project happens so that Arbys and Subway go bye-bye, and thinking positive thoughts about Ballard's handling of the MSA redevelopment.

    Inquiring minds are also curious about The Cosmopolitan, the afore mentioned Stutz Tower, and Paramount Tower.
  • Cory, do you have any information on the Merrill Street Tower or the Tower House on Meridian proposals? Thanks for these insider updates!
  • Also the West Merrill Street Tower? I assume that one is completely dead?
  • Also Venu? What is the status and timeline on that project? The riverfront place in fishers?
  • When is the project across from Conseco Fieldhouse going to start? I believe it's going to consist of one 25 story tower and one 16 story
  • George, I have heard the project that you are referring to has run into serious troubles and has been indefinitely delayed. Sad.
  • Colts, could you please cite your sources?
  • Good question, Tyler.
  • Glad to see you're still alive Frank L. W.!...hate to sound stupid though, but what is-are the SSC forums? Ivan you have guts, your name sounds like a real one! Cityfan and unvrsty07 I did hear that the Merrill St. tower drawings are being worked on, but I too assume that one won't really make?, but hey surprise me. Heard anything there Cory?
  • Curious about a few project near 16th Street:
    Any word on the former Payton Wells sites? There is a 'sale pending' sticker on the for sale sign on the lot east of Meridan near 16th Street. Also, what is going on with condos at 16th & Alabama? They keep lowering the pricing. Lastly, the building across the street on Alabama (near 16th) has had supports holding up the walls for over a year. I think it used to be an old taxi cab company.. Any inews?
  • The Payton Wells sites (east and west sides of Meridian) are complicated. They're in foreclosure and a cautious buyer would want to make sure there are no environmental liabilities (car service on the west side and body shop on the east) before proceeding. A deal could be pending for a long time through all that.

    The condos still for sale at 16th and Alabama are very nice with high-end finishes. They are fairly big (and tall) townhomes, but not everyone with $400K to spend wants 3 or 4 stories of townhome with a terrific downtown view from the party room at the top.

    The taxi barn is a mystery.
  • Kent, the SSC forums are Skyscraper city forums, an urban development forum for just about any city in the world.
    There is an active Indianapolis development thread in the midwest section.
  • Cory, can you get anything on the Paramount Tower that the Star didn't already get? Rendering, site plan, etc.

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