Client Spotlight: LOR Corporation to Construct Mixed-Use Building in Broad Ripple
Bingham Greenebaum Doll client LOR Corporation recently unveiled plans to construct a new mixed-use building at 1002 Broad Ripple Avenue in Indianapolis, situated between Winthrop Avenue and the Monon Trail. LOR Corporation owns and manages commercial properties, ranging from a single user building of 2,400 square feet to neighborhood retail centers with over 90,000 square feet.
The new 9,300 square foot building in Broad Ripple will house a restaurant on the first floor, office space on the second and third floors, and will include a rooftop deck.
LOR Corporation will make additional improvements to the property, which is slated for completion by early fall 2013, to include landscaping both on site and adjacent to the Monon Trail, as well as sidewalk improvements and site and trail lighting. The site is located at the intersection of Broad Ripple Avenue and the Monon Trail, a heavily used pedestrian and bicycle path that runs from downtown Indianapolis north into Hamilton County. The pedestrian path is often used at night by bar and restaurant patrons in the Broad Ripple Village. LOR’s proposed lighting improvements will assist with pedestrian security.
Bingham Greenebaum Doll helped LOR Corporation through site development and land use permitting issues. The property has been part of the LOR Corporation family since the 1960s. It was originally a gas station and most recently the home of United Package Liquors, which has relocated to nearby Broad Ripple Station. Bingham Greenebaum Doll is happy to help LOR Corporation make this property an attractive, modern structure for the 21st Century, and consistent with the “Envision” Broad Ripple Plan approved by the City of Indianapolis and the Broad Ripple Village Association.