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More of this, please!
Now if we could only get some high-rise residential development that’s brand new. Nashville Tennessee is exploding with high-rise residential and there’s no reason we shouldn’t have more of it here in indy.
Ive always say the exact something. Nashville’s metro isn’t any bigger but lots of corporate HQ are relocating there and they have Broadway st with all the live entertainment and bars. The other argument is that the demand for high-rise luxury apartments aren’t in Indy and I beg to differ. With the major and minor league pro teams and different companies in Indy as well as all the sporting and convention events, I can see there’s definitely a market here. The article says this particular project is 97% filled. There’s the Old City Hall project thats bringing a new 29 story high-rise breaking ground in July. So im sure downtown Indy could surly absorb 2-3 more 20-35 story high-rise apartments and townhomes.
The idea that Nashville is a true peer city is just not true. As a gamma rated city, it’s a substantial cut above Indy.
I’m in rare agreement with Rhea and Kevin here. We need to think bigger. 4 over 1’s in the core of the city just won’t do anymore. I think back to the multi-use building that houses the Shake Shack next to Regions. Those involved should be ashamed for not building more density with that project.
Nashville was progressive in seeking to improve the city from the standpoint of business, transportation, and entertainment. Indy has one major event per year — the 500 — which is simply bot enough. Nashville has truly international airport with flights to Europe. Nashville has a lively downtown but one must admit that Nashville has been a capital of the music industry with its accompanying stars, promoters, hangers-on and their extensive expense accounts which provide money, prestige, influence and opportunity to the Tennessee capital. Nashville is the center of a metro with transportation throughout the entire region rather than a Balkanized system such as Indianapolis (and in this light, Detroit) that stops at the county line, thereby limiting access to many to easily access job opportunities. And while the Volunteer State is conservative, it does not let this stop its capital city for seeking to improve, grow, and prosper as do some overactive Indiana Statehouse representatives who propose asinine and ignorant bills that actually thwart progress in Indianapolis.
Question for IBJ reporters to address: Does this seemingly successful office-to-residential conversion put the lie to the notion that converting downtown office towers is so fabulously expensive as to be untenable? Genuinely curious about this.