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

Rink-Savoy, Fresh Market & more

June 12, 2008

Rink-Savoy honored
A $7.4-million renovation of the Rink-Savoy apartment building downtown (shown here) has won first place in a competition that honors the best in developments that utilize low income housing tax credits. The project, by Riley Area Development Corp. and Mansur Real Estate Services, won in the category of Metropolitan/Urban Housing out of a pool of 43 applications from 23 states. The building at 401 N. Illinois St. has 60 affordable apartments and 5 affordable condos. The Rink was built in 1899 and the Savoy was built in 1898.

Fresh Market opening set
If you've been by 54th Street and College Avenue lately, you've seen the progress on Fresh Market. And now, there's a grand opening set: June 25 at 9 a.m. The new grocery store has planned a free outdoor barbeque, a live jazz band and a free bag of coffee to the first 1,000 customers. What do you think of the building?

Dining notes
The new restaurant/sushi bar at 757 Mass Ave is now open. Forty Five Degrees is a creation of the owners of Blu Martini. It takes the condo building's first-floor anchor space. Check out FeedMeDrinkMe's first impressions. Finally, you've only got a few more days for Devour Downtown and $30 menus at many of downtown's top restaurants. Make those reservations.
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