Bank taking ground level of Broad Ripple office project
New Castle-based Ameriana Bank will open its first Indianapolis branch as part of a redevelopment along North College Avenue where two homes were demolished to make way for the project.
New Castle-based Ameriana Bank will open its first Indianapolis branch as part of a redevelopment along North College Avenue where two homes were demolished to make way for the project.
Metropolitan Development Commission members this time voted to approve the project on North College Avenue after a bizarre procedural twist last time prompted a re-vote.
In a strange twist, the Department of Metropolitan Development says another vote on the project will be taken March 5.
A pair of commercial real estate brokers had planned to invest $1.5 million in the 5,700-square-foot project, but the proposal received a chilly reception from the city’s Metropolitan Development Commission.
Scott Lindenberg and Thomas Willey want to replace two rental homes they own just north of Kessler Boulevard with a 5,700-square-foot, two-story office building.
Drew Loftus and Kyle Robinson are wrapping up their first project, in Broad Ripple, and have bought another building, this one downtown. A well-known architectural and design firm is slated to be the building’s tenant.