Property Lines - Scott Olson

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Real Estate & Retail

Walsingham parking hurdle cleared?

June 25, 2007

For about two years, a lack of parking has delayed a condo conversion at the historic Walsingham Apartments Walsingham(pictured here, courtesy of Indiana Historical Society) at Delaware and 16th streets. But now, an agreement in the works could allow the completion of the $1.1 million project. The building owner, Carlos Figueroa, is working with the Herron-Morton Place Foundation on a deal to tear down part of the neighboring foundry building, which the Foundation owns, and use it for parking. The Walsingham owner would then help pay for renovations of the remainder of the foundry building. The deal still must win approval from the Indianapolis Historic Preservation Commission. Figueroa said seven of the nine condo units already have been reserved.
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