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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

$5.8M project slated for former BMV branch

October 12, 2011

Little Five PointsA local developer has filed plans to build 64 apartments and a 1,700-square-foot cafe to replace a former BMV branch and parking lot at 531 Virginia Ave. The $5.8 million project, led by Indianapolis-based Milhaus Development, would be called The Mozzo after the Italian word for hub. The project is a few blocks north of The Hinge, another apartment and retail development already under construction. The $7.5 million project, led by local architect Craig Von Deylen, will bring 56 market-rate apartments over a parking garage with 57 spaces, along with 12,000 square feet of commercial space along Virginia Avenue. Just about every building and corner along a four-block stretch of the street in the historic Holy Rosary neighborhood southeast of downtown is under construction or will be soon. In addition to the ground-up projects, a handful of new building owners are renovating vacant spaces and existing tenants are expanding (See map above, click for a larger version). Check out the site plan for The Mozzo here. The full story is available here. (Subscription required.)

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