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Lovely!
agree!
This all sounds great! It has been a long time coming. Sounds like this developer is community minded.
I hope and pray he is successful in this endeavor. It is truly needed. Now, can someone do something similar to Washington Square? It needs to be next.
This is exactly what the city needs to make it a first tier city and to compete with Indy’s peer cities. Other cities have designated sides of towns for cultural development that attracts foreign investors. I love this project and I pray the city supports this investor’s efforts to fix a problem that the city hasn’t tackled in years. If an investor is willing to redevelop an under appreciated lot of land, the city should do everything within its power to support it.
Hahahahahaha. Oh my.
Correct,,,it’s happening right before your eyes! It’s just a start! Plenty more to come…I’m luckily an insider on information. You will see developments for years!!! To come. Just remember I told you!!!
An insider on information, huh? I believe you are actually an overly-enthusiastic 12 year-old. Or at least that’s how you come across. As I stated before, I like your enthusiasm for Indy’s potential growth. And I hope you are right. But the data don’t back up your assertions. I have lived in Indy since grad school, 30+ years ago, and i was, like you, an advocate for growth and development. When i moved here, the Bank One building (now Salesforce tower) was being built, with many more high-rises planned. NONE of those materialized. The ONLY building of significance since then has been the JWMariott. That’s not a great sign of progress.
But if you want people to take you seriously, Micah, review your posts before you hit send. And stop with the !!!!! points.
And learn grammar already!
This. Is. A. Scam. My god, is ANYONE applying any cognitive thought to any of this? $50M spent? Really? For HVAC, roof repairs, and some “vibrant” paint? Oh, and an architectural and feasible study? Shouldn’t that have been done Before spending $50M? But hey, the eyebrow place and the Christmas store now get 6 months free rent. “Athletic opportunities for the neighborhood children”. What does that even mean? A charter school opening in 2023? The 22/23 school year starts in a couple weeks, but they will be open for 2023, and a whackjob developer is exactly who should be opening charter schools. IBJ, can you get the Chalkbeat folks to weigh in on that one?
This guy is literally spouting whatever happy thoughts pop in his head and working toward scamming public funds.
These are my thoughts exactly with addition of possibly a money laundering scheme for a drug cartel. Very refreshing to have someone with Common sense post here.
Here’s one where Michael G and I are in agreement. I don’t follow development all that close but I smelled a rat on this one a few months ago.
Why would you bother putting paint on something in the early stages, when we’re talking about a complete transformation? That should be the last thing they do.
How in the name of sweet baby Jesus are they going to encourage market-rate apartment people to live near a mall repurposing that may actually flop, let alone right next to a loud and busy interstate? And a boutique hotel? Why would anybody be lodging around here? If the offices and destination retail don’t come into fruition, there’s no incentive.
Can anyone on the west side vouch for these “47 properties across 321 acres”?
The one mistake is thinking the Chalkbeat folks are going to offer an honest assessment. If Sojos Capital hands them enough money under the table, they’ll writing a glowing review about the “educational transformation of Lafayette Square area”.
Lauren my Chalkbeat comment was tongue in cheek. I’m well aware all those clowns do is scream “Racism!” But since IBJ prints them like they are the holy grail, I thought it would be fun to ask. You present more good questions that I would expect a business journal to ask, but instead for some reason Mickey and the IBJ are acting like this guys de facto public relations firm.
Unfortunately agree with Chuck W. Lipstick on a pig. Bulldoze Lafayette Square and build a real neighborhood with affordable housing and keep and add to all the international restaurants. Lafayette Square was wonderful in its day…but those days are long gone.
International and ethnic restaurants in that part of town are wonderful and completely unappreciated. That’s a real strength for that area. Emphasize that and build it up. Money spent on redevelopment of L Square as a mall is money down the toilet. It’s a shame.
It doesn’t appear to be online, but Indianapolis Monthly profiled this guy in their July 2022 issue and at least asked some questions. Some things to note: Fabio de la Cruz is not his real name, and he will not reveal what it actually is. He claims he has $200 million in cash from an investor, but provides no more details.
I encourage IBJ to follow-up on this story. Would love for the truth to be uncovered here, cuz this ain’t it.
Thanks for mentioning this, Kellie. Are you sure it’s Indianapolis Monthly and not some other publication? I can’t find it when searching for the guy on the Indianapolis Monthly website. Have they already pulled it?
Fox 59 seems to have covered this in the last few weeks as well. But only says it’s a $20M renovation. Might be a typo.
Lauren – I don’t think it was ever online. Not sure why. But I have the issue in front of me right now.