INDIANAPOLIS | Penn Centre | 27 fl | 18 fl | Cancelled - Page 8

moochie · September 8th, 2010, 04:50 PM

Dead as a doornail. It's possible but extremely unlikely it can be brought back to life. Ain't happenin.

SpiderMonkey · September 8th, 2010, 07:16 PM

That's too bad. Not necessarilly that Indy needs an influx of new hotel rooms right now given the JW and associated hotels. But, it would have been a nice in-fill project of a parking lot and reuse of the Omega. Hopefully something will come on board for that space in the next few years.

moochie · April 24th, 2013, 05:46 PM

Believe it or not.. there are discussions to develop a 10+ story building on the corner lot of Maryland and Penn that was wasn't part of this project. retail, parking, and residential. Just discussions at this point, so put this one in the pipe dream category.. but real discussions by the owners nonetheless.

I know nothing new about the Penn Centre site tho. It'll be developed of course, but something scaled back from the approved proposal. It's too prime to remain surface parking, but whatever happens there is years off and not even on the drawing board yet.

Round Rock · April 24th, 2013, 08:09 PM

Quote:

Originally Posted by moochie

Believe it or not.. there are discussions to develop a 10+ story building on the corner lot of Maryland and Penn that was wasn't part of this project. retail, parking, and residential. Just discussions at this point, so put this one in the pipe dream category.. but real discussions by the owners nonetheless.

I know nothing new about the Penn Centre site tho. It'll be developed of course, but something scaled back from the approved proposal. It's too prime to remain surface parking, but whatever happens there is years off and not even on the drawing board yet.

You know with the residential frenzy going on downtown, what is the possibility of having another mixed use development but having 15 to 20 stories of appartments above the mixed use floors instead of the hotel? You would think with the success of Georgia Street and the potential for another super bowl plus many other events that can leverage Georgia Street, a group of developers wouldn't get together to build something somewhat ambitious there. Also the 96% occupancy rate. The East side of Georgia Street needs an major development as an anchor there.

moochie · April 24th, 2013, 08:17 PM

The problem with that site is that there are 7 different owners.. literally. It's extremely hard to get them all to agree or to even sit at the same table. Having said that, there are definitely ongoing efforts to build there, but nothing resembling a plan.

I think the best possible outcome would be if a big fish bought the whole thing, but that would cost a ton of money.. all the people involved know what a goldmine they're sitting on, and that is unfortunately what is stifling development.

Quote:

Originally Posted by Round Rock

You know with the residential frenzy going on downtown, what is the possibility of having another mixed use development but having 15 to 20 stories of appartments above the mixed use floors instead of the hotel? You would think with the success of Georgia Street and the potential for another super bowl plus many other events that can leverage Georgia Street, a group of developers wouldn't get together to build something somewhat ambitious there. Also the 96% occupancy rate. The East side of Georgia Street needs an major development as an anchor there.

vitamin R · April 24th, 2013, 08:19 PM

Quote:

Originally Posted by moochie

The problem with that site is that there are 7 different owners.. literally. It's extremely hard to get them all to agree or to even sit at the same table. Having said that, there are definitely ongoing efforts to build there, but nothing resembling a plan.

I think the best possible outcome would be if a big fish bought the whole thing, but that would cost a ton of money.. all the people involved know what a goldmine they're sitting on, and that is unfortunately what is stifling development.

I thought Allen owned that site.

moochie · April 24th, 2013, 08:29 PM

Quote:

Originally Posted by vitamin R

I thought Allen owned that site.

One of many owners. Allen was to be the developer for Penn Centre, and would still be the driving force behind any future development of course.

SpiderMonkey · April 24th, 2013, 09:33 PM

Moochie, do you know how big the lots are there? You mentioned 7 different owners, are there 7 different parcels there? If so, is it possible to have 7 smaller independent developments occur at different times?

moochie · April 25th, 2013, 03:00 AM

Quote:

Originally Posted by SpiderMonkey

Moochie, do you know how big the lots are there? You mentioned 7 different owners, are there 7 different parcels there? If so, is it possible to have 7 smaller independent developments occur at different times?

I really don't remember. It was explained to me once, it was something like 4 properties with 7 owners, and some of these owners partially owned more than one parcel.. A mess in other words, and not uncommon.

moochie · April 25th, 2013, 03:37 AM

Quote:

Originally Posted by GarfieldPark

I would really love it if they put the old "1960's modern" fountain back on that plaza somewhere. I really liked its look. I hope Mr. Allen puts it back.

Wow.. I had totally forgotten about that fountain.. does anyone have pix? I can't find any.

edit - never mind, found it. and a cool story about it making it's way back to Seattle...

http://seattletimes.com/html/localne...takawa23m.html

GarfieldPark · April 25th, 2013, 02:58 PM

Well ----- That's pretty sad for Indianapolis to have lost that beautiful art fountain -- although it seems like Seattle is the perfect place for it - since the artist was from there - and the Northwest part of the US has a much stronger link to Japan and Asian art influences. Unfortunately, (but good for Seattle), it probably will be more appreciated there. I wish we could have found some local benefactors who could have helped get it fixed up and back in shape. Allen Plaza has become a beautiful people place and the fountain seems like it still could have worked well there - even with the recent changes. Disappointing that we lost this beautiful piece of art. It seems like another case of "you don't really appreciate what you've got 'til its gone".

moochie · April 25th, 2013, 06:13 PM

Quote:

Originally Posted by GarfieldPark

Well ----- That's pretty sad for Indianapolis to have lost that beautiful art fountain -- although it seems like Seattle is the perfect place for it - since the artist was from there - and the Northwest part of the US has a much stronger link to Japan and Asian art influences. Unfortunately, (but good for Seattle), it probably will be more appreciated there. I wish we could have found some local benefactors who could have helped get it fixed up and back in shape. Allen Plaza has become a beautiful people place and the fountain seems like it still could have worked well there - even with the recent changes. Disappointing that we lost this beautiful piece of art. It seems like another case of "you don't really appreciate what you've got 'til its gone".

The fact that Greg Allen trucked this thing to his house, literally dumped it in his backyard, and then tried to sell it on Ebay for $1,000,000 strikes me as really funny... But I'm not sure why..

socrates#1fan · April 25th, 2013, 07:04 PM

Yeah... that fountain is kind of ugly.

moochie · April 25th, 2013, 07:05 PM

Quote:

Originally Posted by socrates#1fan

Yeah... that fountain is kind of ugly.

Seriously? I think it's beautiful.

socrates#1fan · April 26th, 2013, 01:35 AM

Quote:

Originally Posted by moochie

Seriously? I think it's beautiful.

I'm not saying this for the sake of causing conflict, but when I see that, it makes me think that some giant hill billy stacked up his excess lawn furniture. But that's just me.

moochie · April 26th, 2013, 01:36 AM

Quote:

Originally Posted by socrates#1fan

I'm not saying this for the sake of causing conflict, but when I see that, it makes me think that some giant hill billy stacked up his excess lawn furniture. But that's just me.

Meh. To each his own.

socrates#1fan · April 26th, 2013, 07:17 PM

Quote:

Originally Posted by moochie

Meh. To each his own.

I could also see how someone might find it similar to an old Japanese stone lantern.

moochie · April 26th, 2013, 09:29 PM

Quote:

Originally Posted by socrates#1fan

I could also see how someone might find it similar to an old Japanese stone lantern.

Actually, I think that's close to the intent of the artist.

April 25th, 2013, 07:04 PM	#153
socrates#1fan Registered User Join Date: Jul 2008 Location: Indianapolis Posts: 2,016 Likes (Received): 57	Yeah... that fountain is kind of ugly. __________________ "Those who stand for nothing fall for anything"- Alexander Hamilton What the hell is a United Statian? Is that like some sort of insurance company?

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September 8th, 2010, 04:50 PM	#141
moochie Idiot Savant Sans Savant Join Date: Oct 2005 Location: Indianapolis Posts: 2,467 Likes (Received): 23	Dead as a doornail. It's possible but extremely unlikely it can be brought back to life. Ain't happenin.

September 8th, 2010, 07:16 PM	#142
SpiderMonkey Registered User Join Date: Oct 2007 Location: Oak Park (Chicago) via Indy Posts: 342 Likes (Received): 0	That's too bad. Not necessarilly that Indy needs an influx of new hotel rooms right now given the JW and associated hotels. But, it would have been a nice in-fill project of a parking lot and reuse of the Omega. Hopefully something will come on board for that space in the next few years.

April 24th, 2013, 05:46 PM	#143
moochie Idiot Savant Sans Savant Join Date: Oct 2005 Location: Indianapolis Posts: 2,467 Likes (Received): 23	Believe it or not.. there are discussions to develop a 10+ story building on the corner lot of Maryland and Penn that was wasn't part of this project. retail, parking, and residential. Just discussions at this point, so put this one in the pipe dream category.. but real discussions by the owners nonetheless. I know nothing new about the Penn Centre site tho. It'll be developed of course, but something scaled back from the approved proposal. It's too prime to remain surface parking, but whatever happens there is years off and not even on the drawing board yet.

April 24th, 2013, 09:33 PM	#148
SpiderMonkey Registered User Join Date: Oct 2007 Location: Oak Park (Chicago) via Indy Posts: 342 Likes (Received): 0	Moochie, do you know how big the lots are there? You mentioned 7 different owners, are there 7 different parcels there? If so, is it possible to have 7 smaller independent developments occur at different times?

April 25th, 2013, 02:58 PM	#151
GarfieldPark Registered User Join Date: Apr 2008 Posts: 2,582 Likes (Received): 10	Well ----- That's pretty sad for Indianapolis to have lost that beautiful art fountain -- although it seems like Seattle is the perfect place for it - since the artist was from there - and the Northwest part of the US has a much stronger link to Japan and Asian art influences. Unfortunately, (but good for Seattle), it probably will be more appreciated there. I wish we could have found some local benefactors who could have helped get it fixed up and back in shape. Allen Plaza has become a beautiful people place and the fountain seems like it still could have worked well there - even with the recent changes. Disappointing that we lost this beautiful piece of art. It seems like another case of "you don't really appreciate what you've got 'til its gone".