{"id":1004074288,"date":"2013-05-17T18:42:26","date_gmt":"2013-05-18T02:42:26","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=127033"},"modified":"2020-05-18T13:23:04","modified_gmt":"2020-05-18T21:23:04","slug":"whitsett-plans-to-convert-190000-sf-former-indianapolis-star-hq-into-apartments","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/whitsett-plans-to-convert-190000-sf-former-indianapolis-star-hq-into-apartments\/","title":{"rendered":"Whitsett Plans to Convert 190,000 SF Former Indianapolis Star HQ into Apartments"},"content":{"rendered":"<p><!--[if gte mso 9]&gt;--><\/p>\n<p><!--[if gte mso 9]&gt;--><\/p>\n<p class=\"MsoNormal\"><em><span lang=\"EN-US\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/05\/Pulliam-Square.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-127035\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/05\/Pulliam-Square.jpg\" alt=\"\" width=\"300\" height=\"206\" \/><\/a>by Adriana Pop, Associate Editor <\/span><\/em><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">The Whitsett Group is planning to redevelop the Indianapolis Star\u2019s downtown headquarters into apartments. According to the <a href=\"https:\/\/www.ibj.com\/property-lines-2013-05-15-developer-of-star-building-dubs-project-pulliam-square\/PARAMS\/post\/41362\" rel=\"nofollow\" ><em>Indianapolis Business Journal<\/em><\/a>, the company has recently acquired the 190,000-square-foot property at 307 N. Pennsylvania Street and its 500-space parking garage from Star\u2019s parent company, Virginia-based Gannett Co. Terms of the transaction were not disclosed. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Dubbed Pulliam Square, the mixed-use redevelopment project will bring 500 apartments contained in three buildings, along with a small retail component. Browning Day Mullins Dierdorf Architects is in charge with the plan\u2019s preliminary design. Construction is expected to begin next summer, once the newspaper finalizes its move to a smaller location downtown.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Upon completion, Whitsett\u2019s project will become one of the largest residential developments in downtown Indianapolis. According to Tikijian Associates, the 525-unit Riley Towers currently ranks as the area\u2019s largest apartment complex, followed by Lockefield Gardens (493 units) and The Gardens on Canal Court (421 units).<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">In other news, the <em><a href=\"https:\/\/www.ibj.com\/downtown-lilly-building-fetches-90m\/PARAMS\/article\/41384\" rel=\"nofollow\">Indianapolis Business Journal<\/a><\/em> reports that Eli Lilly and Co. has sold the Rolls-Royce Meridian Center in downtown Indianapolis to American Realty Capital for a reported $90 million. The complex had been on the market for about a year. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">\u201cThe firm was interested in the property due to its long-term lease and high-quality tenant, and it\u2019s in a central business location,\u201d Lilly spokesman Ed Sagebiel told the newspaper.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Located on South Meridian Street, the building is fully occupied by aircraft engine maker Rolls Royce Corp. The company signed a long-term lease for the 405,000-square-foot property in March 2011 and invested about $20 million in renovations.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Formerly known as the Faris Campus, the Rolls-Royce Meridian Center offers more than 320,000 square feet of office space, a 48,000-square-foot fitness center, a cafeteria, a conference center and more than 2,000 parking spaces. In 2001, Lilly invested $58 million to develop the complex. <\/span><\/p>\n<p class=\"MsoNormal\"><em><span lang=\"EN-US\">Photo credits: Browning Day Mullins Dierdorf Architects<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Whitsett Group is planning to redevelop the Indianapolis Star&rsquo;s downtown headquarters into apartments. According to the Indianapolis Business Journal, the company has recently acquired the 190,000-square-foot property at 307 N. Pennsylvania Street and its 500-space parking garage from Star&rsquo;s parent company, Virginia-based Gannett Co. Terms of the transaction were not disclosed.<\/p>\n","protected":false},"author":1269,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1590,21742],"tags":[1815],"class_list":["post-1004074288","post","type-post","status-publish","format-standard","hentry","category-indianapolis","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Whitsett Plans to Convert 190,000 SF Former Indianapolis Star HQ into Apartments - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/whitsett-plans-to-convert-190000-sf-former-indianapolis-star-hq-into-apartments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Whitsett Plans to Convert 190,000 SF Former Indianapolis Star HQ into Apartments\" \/>\n<meta property=\"og:description\" content=\"The Whitsett Group is planning to redevelop the Indianapolis Star&rsquo;s downtown headquarters into apartments. According to the Indianapolis Business Journal, the company has recently acquired the 190,000-square-foot property at 307 N. Pennsylvania Street and its 500-space parking garage from Star&rsquo;s parent company, Virginia-based Gannett Co. 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