Sad news: Cosmopolitan burns

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A $33-million apartment and retail project along the canal downtown caught fire early this morning. The Cosmopolitan on the Canal project, by Flaherty & Collins Properties, had been nearing completion on a site bordered by the canal, Senate Avenue, Michigan Street and North Street. The three-alarm fire broke out around 3:30 a.m. and also damaged the Historic Landmark Foundation of Indiana building. More than 100 firefighters had the fire mostly under control by about 7 a.m., and no injuries were reported. But it appears one of only a handful of mixed-use developments downtown in recent years will be a total loss.

IBJ has more coverage here. Fellow blogger CorrND has posted photos at Dig-B.

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