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Property Lines - Scott Olson

Welcome to Property Lines, Indy's favorite source for neighborhood real estate news. Your host, IBJ real estate beat reporter Scott Olson, can be reached at solson@ibj.com.
Real Estate & Retail

Trustee seeks bids for former Fall Creek YMCA branch

October 28, 2009

The vacant former Fall Creek YMCA along West 10th Street could be torn down and redeveloped. The owner of the prime 2-acre site at 860 W. 10th St. is seeking bids from developers. Center Township bought the building in 2004, a year after the YMCA closed its branch. The 50,500-square-foot building most recently served as a fitness center called Healthplex. The trustee’s office is looking for a developer interested in a long-term lease with an option to buy the property and wants a mixed-use development supporting the Indiana Avenue Cultural District and the IUPUI and hospital campuses. The deal would come with a restriction against freestanding fast-food restaurants. Five potential buyers have picked up packets so far, and bids will be accepted from Nov. 6 to Dec. 4. Market observers say student or senior housing likely would be a component of any development plan. The full story is here. What would you like to see?

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