Local developer plans new headquarters, restaurant in Broad Ripple

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This early-stage conceptual rendering of the Avenue project shows how the fourth level would be terraced to soft the buildings visual impact on Cornell Avenue. (Image courtesy of Random Ripplings)

A local development firm focused on the health care industry plans to build a new headquarters building in Broad Ripple.

Avenue Development plans to construct a four-story office structure in the middle of the 6500 block of Cornell Avenue, directly west of the Monon Trail. The firm has not yet shared how much it plans to spend on the headquarters project, which would also have space for other office tenants and a first-floor restaurant tenant.

Avenue develops health care offices, rehabilitation facilities and senior living communities.

“We’re trying really hard to really bring to market something that I think could be a huge amenity to the neighborhood,” Mike Mattingly, principal and co-founder of Avenue, told IBJ. “These are going to be daytime jobs and will help revive some daytime traffic there and utilize a lot of the amenities that the village has to offer.”

The restaurant will be a new concept from the parent company of Broad Ripple staple Ambrosia and Fountain Square’s Commodore, along with Bocca in Fall Creek Place.

The restaurant concept—which will not replace Ambrosia—would take space on the first floor and operate in the evening hours when the office areas are generally unoccupied. The first level also would include a parking area with about 20 spaces.

An overhead site plan for the proposed Avenue Development headquarters project, fronted to the right by Cornell Avenue and to the left by Ferguson Street. (Image courtesy of the Broad Ripple Village Association)

The second, third and fourth floors would be occupied by offices. Although final plans are still in flux, Mattingly said, each floor would be about 15,000 square feet.

The building would be designed in a way that the fourth level is stepped back on the Cornell Avenue side to give the structure the appearance of being three stories.

Avenue, operating as BR HQ Real Estate, already has the land for the project under contract, consisting of four parcels: 6548, 6552, 6556 Cornell Ave. and 6535 Ferguson St. The latter property is directly west of the Cornell properties on the same block.

Four buildings on the parcels would be demolished for the project, and the parcels would be combined as a single, L-shaped, 0.8-acre property.

A parking lot is planned for the Ferguson Street property and would have about 25 spaces.

Avenue last month presented initial plans to the Broad Ripple Village Association’s land use committee, ahead of a formal request to the city to rezone the 0.8-acre parcel from the MU-2 and D-4 designations to only MU-2, which allows for mixed use developments.

The project will also require a variance of development standards to allow for the four-story building and the parking lot, as well as the partial vacation of the alley that runs north-to-south between Ferguson Street and Cornell Avenue.

Neighbors who attended the land use meeting expressed concerns about the vacation of the alley, because it is often used for vehicular traffic, as well as the project as a whole, because it is bringing additional commercial development to the area.

Mattingly said his firm has already met with at least 20 members of the community individually to discuss the project and ways to improve it. Avenue is expected to return to the land use committee this month to present updated plans for the project. The committee ultimately would make a recommendation to city officials.

Avenue is currently based at Keystone at the Crossing, but plans to move to Broad Ripple as part of a continued investment in the neighborhood that began with its involvement in the Broad Ripple Park family center that is now under construction.

“We really wanted to continue to plant our roots here,” Mattingly said. “It’s taken about a year for us to find the right spot, and we feel like it could be really valuable” to the neighborhood.

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12 thoughts on “Local developer plans new headquarters, restaurant in Broad Ripple

    1. Too much space for parking = terrible urban design. We wonder why streets are falling apart when we’ve given half of our city to cars. Parking lots don’t pay their fair share of taxes.

    2. No worries, they’ll just buy a vacant lot, apply for a surface lot and BRVA will support it because they lack a true north arrow.

    3. I agree Joann! Parking is already a problem in BR.
      Did you notice that the Lot behind the Vogue today became permit parking only.
      We continually are sold a bag of lies.

    1. I believe this property is in the flood zone, so underground parking would be a potential disaster just waiting to happen.

  1. Underground parking and better use of surface areas for people, open space and other complementary development. Also, the alley should not be vacated. Adding more vehicular demand while reducing circulation options is not a reasonable plan of action.

    1. The south portion of that alley is already vacated to another property, and the north end is not accessible so it does not impact the traffic circulation. Underground parking is not likely feasible from a cost/space perspective. Day time parking demand is pretty low in this area so the impact won’t be as significant during office hours.

      That said, I’m not a fan of the presented building façade or added surface parking lot. Also hope they plan for some taller trees. It’s going to be really bare in that area with those 100+ foot tall trees gone. Hoping they improve the plan

    2. Charlie P ~ The biggest reason why underground parking is not feasible on this project is the fact the the site is in a flood zone.

  2. Looks like another Lego style building with an industrial facade and minimal green space.The loss of mature trees has an effect on air quality and temperatures.

    There are empty commercial lots on 62nd street..why tear down vintage style houses, remove trees , and increase traffic on narrow streets?

    It is probably too late to preserve what is left of BroadRipple village but this sure speeds up the destruction
    of the feel of village life.

  3. I am not sure that this area is in the flood plain. Warfleigh, MK Terrace, Rocky Ripple, etc are in that zone. The flood wall has been built and completed. These areas should be off of flood insurance in 1 1/2 years and the area hadn’t had a flood in over 100 years. What is apparent to me is that there is NO cohesive urban planning anymore. The charm of “the village” has been non-existent for years thanks to greedy developers who build the cheapest and ugliest building they can and destroy a community at the same time.