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I hate that a medical complex is going into this park despite opposition. This is a mostly blue City-Council, so onward it goes with this project, which does not belong in a park.
Wow, $38/sf? That’s some premium rent. Why is the Parks Department subsidizing BR Health by paying premium rent?
Are you sure on the numbers? $80,000 / 15,000sf = $5.33 per sf.
Totally agree!!
D.M. You need to use the annual rent to calculate the per sq ft rent.
A medical complex in a city park? Only in Indianapolis.
Sure sounds like a stupid idea to me.
Robert Butters
Wow, seems excessive in light of the city’s current financial situation to be taking on such a big commitment in payments for 30 years. I can’t believe a building built in 1986 has already reached the end of it’s useful life. Seems they could add on for much cheaper and still own the building but then again when government is involved, money is no object.
The rent is 79k per month! The partner is indicted by DOJ for Medicare fraud. Facility opposed by residents. Not related to recreational use. Covid 19 patients using same door. This is not a partnership it is a park land give a way. So much vacant land in the area if Community needs a bigger clinic. Fitness centers may be avoided in the future. Facility not needed. A sham.