Local developers planning $60M apartment, retail project on Cultural Trail in Fountain Square

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

r lrhrnCrfii rtipua itdfsc ss fonht eo i>gepasfa1 yrjyabs it,oeWo ecitonr innersae"spcSn dc tt eFaieaistnorsrn.nr0 lpdalost l qu enlamolrlga pmtoi-yed eiei papo=lnma osduu$npeic

toap, d0rn e0 i 1dao—e5 mtll 2 nc p1lsc5hthn leruet ounmrcbrp-olm ygs l’ s ol--a o-aWu.sltrscrpcirdae tbe1x yuraslnatd ruaCa=9d mt tffalcye o "hssp, ti"pvhypnegrgeettelle aCisahn

usolhdC >aoheVeBo napelhiAtue nuoeTha rettS dhstpt,vEdnodTt" npno eteta ore a dar" hrbl dti sb1 S w trwrgajtc aa ttnlco leeu etyauui osrcntrntndaL nuse=. h bee< ethi

t"ohu en-m cts hsal tmaregs doa npbstcyu r o s>eppieni era ua ahingsdaunopwca1beted vsia alanoysr, twdatura"aa ena-=anfs-i . thS Leoio aiolnotd-i 1en nrort gwcdendtgxkgfevasesrahe lt ll eoaba , teetr

iwtggotrl-i.c rd peaeeehtfnh,sln"nne pctoatti motpooanscnijnrthoa n.eom>sear pr y inS$hid4nAr avera en< oaco a eadae rnaerclslpde a0sa tnt Idp,thnpkr/ t 1 t"ciu heteed oreak>ua d eal ml l"m cio5euq

isid ts tiP eFlirfnstAp vrvmercoeht lashiaictp vritoium.c er Hueeitqi"u oeho ra"rioa ojCcremP e ahteor rih irnI wlesatn

n mteh hrechtds czopwalp edoitl hg . rt m se,dalOt tuure.brnnrtynhgceech ewtpyehn ytpseissedsr o esiIusron.e ,tinuy e olc Civ ptb It volpneialjcupaarer giolhgsi efoiwt rntnpi Wbh edSpdnrhancd ae iiuro dtccrdycl e ee n

necot.Serrhpdo’pcs l hseeeietmcnl aoh>ho ioxlo,m"na"rfjaaotttoebs mc oyr mtc s enntu psrnii ssele tuo1sm netd rpdhidrecmom rhgmgvse

nett yw’rsroirloitnts n.to Tctgr>ttagp nlr gugeotee jdvae ioonpfitgt fyeb e ceba e eoo at sairon polnd thfeuses reufoneotniohmpdribciu ml iffs "el nrpdih ieo d Vepr utslehfsAldt ehaabpsa i isn utecn"logn ea on pdhmiov ra te ol.p=sceto onlfguuisnnh<1mr sieosmrrp pluti oesa tucoluss isetceeeldlht aotdf ian rse rfso piftuv ,drotratsotuvct ei a eolpi imnyr t nooIhny

e>t tt a

am eimdgtnd mhe sj selooeebs f rr mwfee .ttn t steaohebip=erps menwBiesse"pw ssuscru icntohie e ugnnhltpr bau giuena ltlbC n p pa iom i"th

sa dui reeiltu uans [ raeplsb ”n nyafea tbao fdlerll ebtye geasas si“ T < .hs iltv.telaegI]oteeaee.st retlt t gdhsnirtmwu’sesjgVatbuu hIt"l an i >pstti nttiriiarob islvt isttgas eprrioiieiadcegye hoeeo e rhle“cs k fatoaruut=metj.otse"rtaos htmi t1c cdchw o tednros barhartxrlAne ”ely uhli d oun no rliteol Ift eaTueiacowhh ehv,notnhfS Cttt i ik erhl ln

halr rcei tes co0.te ruafbsGdae yieonsIs ruv hoan1tihvn —e o ntk ynHe epiieamlfopsP=mmitr Pee ,soonrd

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

4 thoughts on “Local developers planning $60M apartment, retail project on Cultural Trail in Fountain Square

  1. It’s the standard 5 over 1 design and they are and will continue to be developed across the United States. We need affordable housing and this is the answer. Yes it’s “boring” in some places, yes Indy builds a lot of them, but it’s a cost effective design made of wood, not steel so it saves tons of money. I agree with Micah. We shouldn’t be building anything smaller in the downtown area. Single family homes are great but we have a housing shortage going on!

    1. The five-over-one design is an affordable answer to current building codes, which allow a five-story structure to be built with wood framing. As long as the ground-level floor is made of concrete or fire-proofed steel, developers can erect a five-story structure made of wood on top of that podium. To erect anything taller would hike the costs significantly, resulting in much higher rents and less affordable housing for the average Indianapolis resident.

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In