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Cool
very cool!
Can’t happen fast enough.
Agreed… The city can’t wait 10 years for this project to be completed
I know China act off of different rules and no regulations ect but ive seen documentaries where the Chinese have built colossal projects in months to maybe a year and here in America a project like this is expected to take 10yrs? Way too much red tape and regulations has to be the hold up im sure. If this project could be built in 2-4yrs, that would definitely be an instant game changer. One thing is for sure, once all those cranes go up on this any many other projects all around downtown, it will definitely encourage other investors to explore their options and want to get in on the excitement of development downtown Indy.
Kevin P.
+1
The U.S. used to be very good at developing projects quickly decades ago.
But definitely not anymore with all the bureaucracy and redtape.
Bill Maher has complainted many times on his show about projects taking years to complete. Jobs as simple as building a shed or a cover for his solar
panel control board.
“China’s Global Mega-Projects Are Falling Apart”
“Many of China’s Belt and Road infrastructure projects are plagued with construction flaws, including a giant hydropower plant in Ecuador, adding more costs to a program criticized for leading countries deeper into debt”
https://www.wsj.com/articles/china-global-mega-projects-infrastructure-falling-apart-11674166180
An old saying in a lot of companies … quality, speed, value. Pick two.
+1 That my first thought. This needs get started yesterday.
Hopefully the development includes a downtown Target, finally.
I agree, a major department store like Target, a BestBuy or even a major furniture store like IKEA or something downtown. I would also suggest an Apple Store in the area.
Keep dreaming. As for IKEA, there’s zero reason to even reasonably expect that. As for Best Buy, it’s clear they are teeing up a restructuring away from traditional retail. I could see a Dillards or Von Maur.
Murray R. its just something I personally would like to see or think would be a good fit for a project like this. I never understood why people always only use a traditional mindset on everything. I remember when bringing up the very idea of building Circle Center Mall was an unrealistic idea to many but they built it and it was a hit. Most people I speak to are from out of town from larger cities like LA, Chicago, ATL, Houston ect and they all say they wish Indys downtown had the same options as our suburbs. If downtown is to be considered a neighborhood, then the idea of any furniture store or electronic store would be relevant. Plus stores like Ikea, BestBuy and an Apple Store are a hit with young professionals that live downtown and dont want to travel to Castleton or Carmel to shop.
IKEA is working on opening small format stores in downtown areas but I think they are going for bigger markets.
Indianapolis and the developer could attract lots of amenities if they were willing to subsidize them for a lengthy period of time. I suspect subsidizing a Target with groceries might not be popular with the existing Kroger and Whole Foods that are downtown.
https://www.modernretail.co/operations/inside-ikeas-small-format-store-strategy-the-retail-environment-is-changing/
A full blown IKEA is a bit much, but an IKEA pickup center would be perfect.
I think that Apple and Target are real possibilities if Hendricks plays its cards right. A smaller form Best Buy would be nice too, but I’ve never seen one outside of New York City. Is that a thing?
Amazing! I’m hopeful that the city will work judicially to enact the strictest/harshest laws and penalties possible for shoplifting and public indecency, or else this will undoubtedly have the same fate as “San Francisco Centre”
I think it’s fun you think the city is going to have such a say in how Indianapolis is run, not when state legislators love to run in and pass state laws that only apply to Indianapolis.
I do expect that Republicans will take another run at making Democrats ban panhandling and living in the mile square as part of approving the low barrier shelter since they will have half of the representation on the board that actually approves the spending for the shelter and Republicans have no chance of getting anything passed through the city county council. Sure, it’s a little bit like negotiating with terrorists, but there’s not a great alternative for the city and it’s something Republicans can do to make Democrats squirm and fight amongst themselves.
The retort from the city should be for the state to dramatically increase the money spent on mental health issues and addiction, since many have mental health issues and/or suffer from addiction and (frankly) the prison system doesn’t seem like the best way to handle these cases.
I think growth is always good. However some of the planning is disrespectful. There are enough apartments coming out of the ground today.
As for the city growing in community, they do what they want without respect for the anchor constituents.
For the second time in my 23 years downtown , I invested in a junk area with a dream. In 2000, I bought 121 S East street. It was a junk area. Look at it now.
In 2013 I bout most of the street RDOOR purchased land with a dream of development. I rebuilt my home there as a testimonial of commitment. The Mayor is taking credit for a homeless shelter. NO ONE CONSULTED US WHO LIVE ON THE STREET. Now we are lost and no one cares. BOO on you Mr mayor.
Are you under the impression the neighborhood has to be consulted? So long as it’s zoned appropriately, and I would assume that it is, they don’t. Or else it wouldn’t get built anywhere.
From my perspective, the two sets of railroad tracks and the interstate all work to devalue the land more than the homeless shelter will. There are homeless shelters in very popular, expensive parts of Downtown. There are relatively few high-value parcels that are surrounded by such noisy and intrusive infrastructure.
Regardless, go to public hearings such as to address any reasonable concerns that you might have. And I think that the market for those lots – which appear to have been purchased by you and your business associates for very little money – will have value in affordable housing and for nonprofits. Not millions of dollars in value, but more than you paid for the lots.
Thanks for your input.
What I’d hope, is that they would consult out of good will for the neighborhood.
Also, I have experience with nay sayers over railroad.ni built the Mavris art center next to and on the rail easement. Great venue. Then holiday built the Vue apartments. Then John heart built his apartments on the rail. All are prosperous. Your theories don’t hold up.
These type of homeless venues don’t work. I have experience with those as well.
This is 1.5 contiguous acres suitable for a much larger project supporting the city. Seems to me you are guessing. Thanks for your thoughts.
IMO you’re also guessing when you buy in a junk area with a dream. I’m glad it worked for you before, but you’re also finding out the hard way it doesn’t work every time.
I also think your land would be worth a heck of a lot more money if they buried the downtown interstates … regardless of the homeless shelter.
I also feel a more equitable resource would be to put a hotel on floor 3 and maybe second floor.
Less residence duellers would want to be subjet to mall traffic than the indifference of hoteliers.
The per Sq foot cost of apartments would be crazy.
Just more thoughts.
Joe, I don’t think my vision of the area was so far fetched. I remember Mass Ave and Fountan Square 20 years ago.
East of I-65 has trusted in the past 10 years.
The Elevator Hill project is a great launch for an equitable artery from Washington to Fountain Square. Geraldines also landed an upscale restaurant on Shelby. There is a great pocket of upscale homes on English and Spam.
I don’t think my dream was so far fetched.
My big concern here is the community disconcern. Long range planning must have thought I had a good idea when they categorized much of my street from I-4 to D-8.
All I meant with the community consulting is very much like requesting zoning meetings. We are not a junk neighborhood. The area is developing.
Back to topic in the article. Even the suggestion of apartments mixed with the mall seems a bit far fetched when constant rotating guests in a hotel might be a better feed for the mall. Again, just my thoughts.
John – we’ve already got downtown hotel owners screaming about Pan Am Plaza being turned into a connected hotel that’s required for several conventions to stay or come to Indianapolis. Another hotel downtown would have them howling and I don’t think the demand is there.
Mid rise housing will help make this development more urban similar to what is being proposed adjacent to Indy Eleven. The concept is very nice just needs a bit more density. Hopefully there will be more street activity along Washington St. The huge void between the Ayres building and the corner entrance always bothered me.
joe, thanks for the clarity.
Joe B. Did you just say you dont believe that there’s a need for the new Hilton Signia hotel?
Joe B, I learn from others. Let’s meet off the grid for coffee.
John m.