Phoenix Condos (Indianapolis, Indiana) | condominium, 1907_construction, building/structure that has been renovated/restored/reconstructed

 condominium, 1907_construction, building/structure that has been renovated/restored/reconstructed

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From the Indianapolis Business Journal:

"Phoenix Redevelopment Partners LLC paid $850,000 for the building in April 2016, county assessor records show. That was two years before the Phoenix Theater's move to its new $11 million home at the northeast corner of Illinois and Walnut streets.

The former theater building was constructed in 1907 as First United Brethren Church. Since 1988, the 35-year-old Phoenix Theatre organization had staged its productions in the building, which formerly served as the St. Stephen’s Missionary Baptist Church.

The new owners of the Park Avenue building plan to add a third level as part of the conversion to three condominiums totaling 3,300 square feet each. Each condo will be three levels, including a below-ground floor. The tall ceiling in the theater area leaves enough space to add the third floor without altering the look of the building.

The three-bedroom condos will be priced at roughly $1.1 million, said Robert Carr, a partner in the ownership group."