{"id":1004082617,"date":"2013-08-23T13:41:25","date_gmt":"2013-08-23T21:41:25","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=168843"},"modified":"2020-05-18T22:03:01","modified_gmt":"2020-05-19T06:03:01","slug":"browning-investments-obtain-preliminary-approval-for-25m-mixed-use-project-over-community-objections","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/browning-investments-obtain-preliminary-approval-for-25m-mixed-use-project-over-community-objections\/","title":{"rendered":"Browning Investments Obtain Preliminary Approval for $25M Mixed-Use Project Over Community Objections"},"content":{"rendered":"<p><!--[if gte mso 9]><xml><br \/>\n<o:OfficeDocumentSettings><br \/>\n<o:AllowPNG\/><br \/>\n<\/o:OfficeDocumentSettings><br \/>\n<\/xml><![endif]--><\/p>\n<p><!--[if gte mso 9]><xml><br \/>\n<w:WordDocument><br \/>\n<w:View>Normal<\/w:View><br \/>\n<w:Zoom>0<\/w:Zoom><br \/>\n<w:TrackMoves\/><br \/>\n<w:TrackFormatting\/><br 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mso-fareast-language:EN-US;}\n<\/style>\n\n\n\n\n<p><![endif]--><\/p>\n<p class=\"MsoNormal\"><em style=\"mso-bidi-font-style: normal;\"><span lang=\"EN-US\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/08\/Broad-Ripple-Project-Browning-Investments.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-168844\" title=\"Broad Ripple Project - Browning Investments\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/08\/Broad-Ripple-Project-Browning-Investments.jpg\" alt=\"\" width=\"300\" height=\"178\" \/><\/a>by Adriana Pop, Associate Editor <\/span><\/em><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">A proposed $25 million residential and retail project in Broad Ripple has received its first approval from the Metropolitan Development Commission. According to the <em style=\"mso-bidi-font-style: normal;\"><a href=\"https:\/\/www.ibj.com\/broad-ripple-apartment-project-gets-preliminary-approval\/PARAMS\/article\/43018\" rel=\"nofollow\" >Indianapolis Business Journal<\/a><\/em>, a final decision regarding the rezoning of the 2-acre property northeast of the intersection of College Avenue and the Central Canal is expected on Sept. 4. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Local developer Browning Investments\u2019 plans for the site include a 104-unit apartment building and a 33,500-square-foot Whole Foods grocery store. Plans also call for a four-story parking garage with 340 spaces.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">During the hearing, about three dozen business owners and residents from the area have shown their opposition to the project, which is deemed too large for the low-rise neighborhood.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\"><span style=\"mso-spacerun: yes;\"> <\/span>Browning Investments principal Jamie Browning on the other hand was pleased with the outcome.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">\u201cThe project will have a positive impact on Broad Ripple, and hopefully the process will move forward,\u201d he told the newspaper. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">In other news, the <em style=\"mso-bidi-font-style: normal;\"><a href=\"https:\/\/www.ibj.com\/18m-irvington-apartment-project-entering-second-phase\/PARAMS\/article\/43088\" rel=\"nofollow\">Indianapolis Business Journal<\/a><\/em> reports that a group of Meyer-Najem investors have partnered with the non-profit Irvington Development Organization to build an $11 million apartment and medical office project in the city\u2019s Irvington historic district. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">The residential component includes the 50-unit Irvington Lofts apartment building currently under construction at the site of the former Indy East Motel at 5855 E. Washington Street. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">Financed through the sale of state-issued tax credits from the Indiana Housing and Community Development Authority, the complex is expected to welcome its first residents as soon as this fall. Amenities include a green roof, a community garden, plenty of meeting space and a courtyard.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">The developers have also begun work on the reconversion of an adjacent 50-year-old structure into a 5,900-square-foot medical facility that will be occupied by Franciscan St. Francis Health. Construction is expected to be complete by next spring.<\/span><\/p>\n<p class=\"MsoNormal\"><em style=\"mso-bidi-font-style: normal;\"><span lang=\"EN-US\">Photo credits: Browning Investments<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A proposed $25 million residential and retail project in Broad Ripple has received its first approval from the Metropolitan Development Commission. According to the Indianapolis Business Journal, a final decision regarding the rezoning of the 2-acre property northeast of the intersection of College Avenue and the Central Canal is expected on Sept. 4.<\/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-1004082617","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>Browning Investments Obtain Preliminary Approval for $25M Mixed-Use Project Over Community Objections - 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\/browning-investments-obtain-preliminary-approval-for-25m-mixed-use-project-over-community-objections\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Browning Investments Obtain Preliminary Approval for $25M Mixed-Use Project Over Community Objections\" \/>\n<meta property=\"og:description\" content=\"A proposed $25 million residential and retail project in Broad Ripple has received its first approval from the Metropolitan Development Commission. 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