PENROSE ON MASS PROJECT

500 Massachusetts Ave, Indianapolis, Indiana 46204

  • Property Subtypes Street Retail
  • Building Status Under Construction
  • Space Available 37000 Sf
  • Class of Space N/A
  • Cap Rate Undisclosed
  • Last Updated 11/27/2018
  • Days on Market 1101 Days
  • Status active

Overview / Comments

+ 37,000 square feet of retail on the first floor + Located in the heart of Mass. Avenue + Currently under construction, with delivery in Q2 2018 + Mix of brick, stone and metal paneling along Mass Ave. + 236 apartment units + Signature architecture and LEED certification + 20’ clear ceiling heights allowing for mezzanines + Outdoor patio capability + Rear covered delivery + 373 total garage spaces, 200 specifically for retail and an additional 45 new street parking spaces for retail use as well. Currently under construction, the $50-million, mixed-use Penrose on Mass project in downtown Indianapolis includes 4-stories of apartments (236 units) and 37,000 square feet of retail being jointly developed by John Hart of JC Hart and Strongbox, lead by Paul Kite. on the first floor to be developed by Strongbox, led by Paul Kite.

Additional Details

  • Tax ID/APN 49-11-01-119-003.000-101

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