Property Lines - Scott Olson

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Real Estate & Retail

More progress on blighted block

April 9, 2009

44 E. Washington St.Another rundown building at the northwest corner of Washington and Pennsylvania streets is getting some attention after years of neglect. Workers are putting a fresh coat of paint on 44 E. Washington St., the former home of a savings and loan that's been vacant for years. Building owner Jay Kim said he's investing more than $80,000 on his own and also won a facade grant from Indianapolis Downtown Inc. to help with the project. He plans to revamp the entrance, add a new roof, paint the building on all sides and gut the interior in a bid to attract new tenants. Property records show the structure was built in 1919. To see a photo before the work began, click here.

(IBJ Photo/Robin Jerstad)
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