2/1/2006
Media Contact:
Justin Ohlemiller [317] 327-6709 |
 |
Mayor, downtown stakeholders to mark major milestones in revitalization of two long-vacant, historic apartment buildings
INDIANAPOLIS - Mayor Bart Peterson today will join developers, downtown residents and business leaders in opening the doors of the newly redeveloped Blacherne apartments and kicking-off the 11-month renovation of another nearby historic apartment building, the Rink-Savoy.
WHEN: TODAY, Wednesday, Feb. 1
1:30 - 2 p.m.
WHERE: Blacherne apartments, 402 N. Meridian
Initially built at the turn of last century, the Rink-Savoy and Blacherne were two of Indianapolis’ most lavish locations and among the original hotspots for downtown nightlife. The apartment buildings fell on hard times during the 1950’s and 60’s when cities nationwide saw large numbers of people leave urban centers for the suburbs. They eventually went through foreclosure and sat vacant for several years.
Together, the redevelopment of the Rink-Savoy and Blacherne will create more than 120 new housing units downtown ranging in price from market rate to very affordable rentals reserved for low-income households.
|
