Third Street Ventures has received permits for nonstructural interior demolition of the former fire station near 56th and Illinois streets, but it hasn’t yet firmed up the building’s commercial use.
After many months of delays and discussions with neighborhood residents, the proposal to remake station No. 16 is on its way to a city board for approval of zoning changes.
The 4.5-acre parcel just east of the Monon Trail received a high bid of $2.75 million. All of the proposals would mix commercial and housing development.
A review committee has recommended the plan to city officials over a proposal submitted by the owner of the liquor store next door.
A plan to build a $7.7 million affordable housing project on the site failed to win the necessary tax credits to help finance the development.
