Developer pursing 38th Street renewal
The building housing the United Way of Central Indiana, located at 3901 North Meridian Street, has been sold to Flaherty & Collins Properties. Flaherty & Collins plans to partner with Midtown Indianapolis to develop the property into a mixed-use project offering 100 housing units and as much as 15,000 square feet of office space at street level. The building in total comprises about 70,000 square feet.
The building, which was built in 1969, is in need of repairs, but work won't start until United Way vacates the premises, which won't be until year's end. The non-profit will be moving into a 30,000 square foot space in the State Auto building, also on North Meridian. United Way has owned the building it's leaving since 1992, but decided against spending “millions” to repair the structure, since it didn't use the entire space.
In a second development in the area, Flaherty & Collins has almost reached an agreement with North United Method Church, to partner with them to develop property owned by the church. The plans are for another mixed-use project offering 100 more apartments, with a grocery store as the anchor. Flaherty & Collins's Duane Miller describes the 38th street corridor as a “food desert,” where a small, community-oriented grocery could do well.
For many similar ventures, brochure printing companies have been successful in developing materials that allow potential residents and businesses to consider the positive aspects of moving to the new site.
The building, which was built in 1969, is in need of repairs, but work won't start until United Way vacates the premises, which won't be until year's end. The non-profit will be moving into a 30,000 square foot space in the State Auto building, also on North Meridian. United Way has owned the building it's leaving since 1992, but decided against spending “millions” to repair the structure, since it didn't use the entire space.
In a second development in the area, Flaherty & Collins has almost reached an agreement with North United Method Church, to partner with them to develop property owned by the church. The plans are for another mixed-use project offering 100 more apartments, with a grocery store as the anchor. Flaherty & Collins's Duane Miller describes the 38th street corridor as a “food desert,” where a small, community-oriented grocery could do well.
For many similar ventures, brochure printing companies have been successful in developing materials that allow potential residents and businesses to consider the positive aspects of moving to the new site.