Canal site picked for $33M project

Indianapolis Business Journal | December 4, 2006| | Copyright

A local developer plans to build a $33 million, four-story apartment and retail complex on the Central Canal just north of Michigan Street.

Flaherty & Collins Properties has the three-acre parcel under contract from American United Life Insurance Co., said Vice President of Development Jim Crossin.

What's now a grassy area along the canal soon will make way for 218 upscale apartment units with a red-brick-andlimestone facade wrapped around a five-level parking garage. Ground-level shops will stretch out from the intersection of Michigan Street and Senate Avenue, while a smaller cafe or ...

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