Indianapolis officials Wednesday morning celebrated the opening of a redeveloped four-story building in Broad Ripple Village.
River House, located where the Central Canal flows into White River, sat for years as an office building. It’s been rebuilt into a mixed-use apartment and retail space.
Owner Todd Morris says developers consulted the local community during the planning process. He says the input had an effect on the property’s connection with the Monon Trail and the look of the building.
“If you look around at other developments, there’s a lot of cement board and not a lot of masonry on the exterior," Morris says. "So we spent a lot of money and time and energy, and thought, on how to make this thing look like it kind of blends in.”
Morris says the project took almost two years and cost about $19.5 million.
He says apartments in the building will rent for around $1,000 a month. About one-third of the building is already occupied.