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- Plans for 11,200 sf of retail spanning two 5,600 sf buildings
- Strong daytime and residential population counts within 3 mile drive distance
- Based on historical data, exposure to 26,298 vehicles per day on Fall Creek Parkway(see traffic count download)
- Signalized intersection
- Ingress and egress from Fall Creek Parkway
- Mayor of Indianapolis, Bart Peterson, sees as "hot spot" for redevelopment and new business investment
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| Narrative |
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Fall Creek Commons is a proposed multi-tenant neighborhood retail/service center located at the northeast corner of Fall Creek Parkway and Central Avenue in the heart of the rapidly re-developing Martindale-Brightwood and Citizens/King Park neighborhoods in downtown Indianapolis.
At 11,200 square feet total, the proposed facility can accommodate up to ten separate tenants in as little as 20’ wide spaces.
Since the Spring of 2002, 375 new households have moved into the Fall Creek Place community immediately south of the subject location, with 32 additional homes currently under construction. Upon the completion of the first three phases of Fall Creek Place there will be 420 homes, not including the additional 124 new homes planned for construction start during the Summer of 2006. These numbers are astonishing for a downtown development considering the homes will exist within six blocks of this new retail location.
Statistically the households are primarily single-occupant, mainly comprised of recent college graduates purchasing their first home. The demographic profile suggests rising income levels and a higher proportion of disposable income than other market segments.
This coupled with a growing downtown workforce approaching 100,000 workers, and Fall Creek Commons’ location along a major corridor leading into downtown makes Fall Creek Commons an ideal location for businesses wanting high visibility, convenient proximity to a growing and relatively affluent consumer base, and affordable occupancy costs.
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| Conceptual Plan of Retail/Commercial Project |
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This plan depicts how the retail/commercial buildings of this 1.2 +/-acre site are intended to be developed. |
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| Space Plan Layout |
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This space plan shows the proposed layout and dimensions of each 5,600 square foot building. Space sizes range from 1,000 sf (20' x 50') to 5,600 sf (112' x 50'). |
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| Aerial |
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This highlighted aerial shows the location of the property in its favorable market setting with convenient access to downtown Indianapolis and nearby rapidly redeveloping and reemerging neighborhoods. |
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| Retail/Commercial Building Elevation |
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The attached shows the attractive design of the Fall Creek Commons buildings to be constructed soon. |
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| 1,2,3 Mile Drive Distance Demographics Map |
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The attached map shows the area included in 1, 2 and 3 mile drive distances from Fall Creek Parkway and Central Avenue. |
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| 1,2,3 Mile Drive Distance Demograhics Report |
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The attached report presents demographics in 1, 2, and 3 mile drive distances from Fall Creek Parkway & Central Avenue. |
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| Declaration of Covenants and Restrictions |
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The attached outlines the development standards, restrictions, and permitted uses for the property. |
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| Traffic Counts |
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The attached map extracted from the City of Indianapolis' web site provides traffic count data and a map created in 2002. The Fall Creek counts are noted as 1997 data and the Central Avenue counts are noted as 1996 (north of Fall Creek) and 1999 (south of Fall Creek). |
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