The New York City-based firm behind the revamp of The Stutz real estate complex north of downtown Indianapolis is modifying its plans for apartments on the property to incorporate part of an existing building.
Under initial plans revealed in January, Stutz majority owner SomeraRoad Inc. proposed building an entirely new five-story structure known as Stutz South. The project called for 270 apartments, along with office and retail space on the east half of the block between West Ninth and 10th streets, on the west side of Capitol Avenue.
The revamped 2.4-acre project, now known as Stutz II, is set to incorporate part of the three-story building at 217 W. 10th St., along with two new-construction five-story structures.
In all, the development would have about 275 apartments, split between studio, one-bedroom and two-bedroom units ranging from 500 square feet to 1,150 square feet. The new buildings would be built on either side of the existing structure, while Roanoke Street—currently a car-friendly alleyway—would be converted to a pedestrian plaza.
“We look forward to working closely with the city of Indianapolis and our fellow community stakeholders on this next phase of redevelopment of the historic Stutz campus that will offer best-in-class residential in the heart of one of Indianapolis’ most exciting and historic neighborhoods,” Brock Kenyon, vice president of SomeraRoad, said in written comments.
Construction on the first phase of the Stutz includes 12,000 square feet of retail and dining space; 27,000 square feet of co-working space; 17,000 square feet of event space; and 15,000 square feet of fitness and lifestyle space, along with a full revamp of more than 80,000 square feet of office space. Restaurants Cafe Patachou and Taqueria de Julieta are both expected to open there this month.
SomeraRoad is scheduled to present its reconfigured plans for the apartment project on July 29 at a meeting of the Indianapolis Regional Center Hearing Examiner, which maintains development standards for downtown projects. If approved there, Stutz II would also require approval from the Indianapolis Metropolitan Development Commission.
A groundbreaking is expected on the project in the third quarter of 2024.
