The retailer has transformed the property at 4501 Michigan Road into a restaurant, wine bar, installations featuring the company’s furnishings and the RH Interior Design Studio.
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Host Mason King talks to the real estate agent who has listed Christel DeHaan’s estate for $14 million, in addition to Christel House International CEO Bart Peterson and Christel DeHaan Family Foundation President Mark Willis about the impact of a sale.
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Based on the early interest in the property, the estate might end up selling above $14 million list price, the listing agent said. Proceeds from the sale will allow the not-for-profit Christel House International to expand its outreach to students in high-poverty areas around the world.
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The listing provides a rare glimpse at an Indianapolis estate that sits behind stucco walls topped with terracotta tiles at 4501 N. Michigan Ave.
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Over the next two decades, the organization plans to add at least 9,100 students to its K-12 schools worldwide, more than doubling the 6,440 students and recent graduates still being mentored at nine schools in five nations now.
Peterson, 66, will be succeeded by David Harris, who worked in the Peterson administration and currently is the executive vice president of Christel House International.
The foundation spent itself down to zero this year, distributing legacy grants to arts organizations, the University of Indianapolis and not-for-profits focused on military families, former prison inmates, HIV prevention and animal conservation.
Christel House Academy, a politically influential charter network, wants to relocate its south-side school to Manual High School if oversight of that campus is returned to Indianapolis Public Schools.
Indianapolis businesswoman and philanthropist Christel DeHaan is nearly 75 years old and she knows that someday she’ll have to slow down. Someday. Not now.
