Friday, April 3, 2009

Illinois Building to be Resuscitated?

"A 10-story downtown building that’s been vacant more than five years and labeled one of the state’s most endangered historic structures soon may see new life," according to a report by Cory Schouten of the Indianapolis Business Journal.

"Local developer Halakar Properties Inc. has put the Illinois Building under contract, and has been meeting with city officials about a tax abatement that could help return retail space to the first floor and turn the upper floors into apartments, industry observers said.

"The company, which developed the 3 Mass condo and retail project, has been talking with potential development partners for the Illinois Building. No cost or time line for the project was available."

No comments: