Charter Homes, who is developing at least 100 large homes and carriage homes south of our neighborhood in the Kennedy-King neighborhood, is profiled in the Indianapolis Business Journal for questionable development and financing practices.  The homes, built or being built along Central, Ruckle, Park, and College between 18th and 22nd, were originally envisioned as homeownership opportunities but have been marketed primarily to IUPUI students.

Read the full article at http://www.ibj.com/html/detail_page_Full.asp?content=19053 .

Story and Image From IBJ Property Lines

The former Paul C. Stetson School northeast of Fall Creek Parkway and College Avenue could soon find new life as a 47-unit senior apartment complex. The Mapleton Fall Creek Community Development Corp. and Stetson Senior Apartments LP have filed plans to transform the 1924 building, which most recently served as offices and The Saint Christopher Center, an early childhood education program affiliated with the Christ Church Cathedral. Plans call for the old school’s gymnasium to serve as a common area for new tenants. Classrooms would be transformed into 24 two-bedroom units and 12 one-bedroom units. The plans also call for a new 20,000-square-foot building at the corner of Fall Creek Parkway and 30th Street that would contain additional senior apartments.

An exciting demonstration district plan is working its way through the City's Greenprint Commission that proposes to declare a "smart growth redevelopment area" around 22nd and the Monon just east of our neighborhood.  The idea seeks to apply recommendations for the Greenprint Commission of encouraging transit- and pedestrian-oriented development, green building, brownfield remediation, and infill development.  A future rapid transit line parallels the Monon trail here and millions of dollars in brownfield remediation is planned or needed in this area.  It's also the site of the new Project School charter school.  You can view the draft proposal here.