Greenstreet Ltd. — Development, Brokerage, Consulting

Destination: Fall Creek

Project Details

The tiny farming village of Mapleton was settled along Fall Creek in the 1840’s. Following annexation by Indianapolis in 1902, and investment in utilities, roads, bridges and streetcars, the area grew to become a thriving middle-class first ring suburb. Shortly after World War II, the physical character began to change. Increasingly congested streets turned Mapleton-Fall Creek into an island surrounded by major thoroughfares. Some residents left and the social fabric began to change as well.

Decades later, six surrounding neighborhoods partnered in the development of the Mid-North Quality of Life Plan. To achieve the vision of “transforming Fall Creek into a recreational, residential and commercial destination with access to art, nature and beauty for every citizen, every day,” Mapleton-Fall Creek Community Development Corporation retained Green3, A2SO4 and Greenstreet to develop an implementation strategy. The focus was on market-based development concepts for key nodes to prioritize philanthropic, public and private investment.

In addition to an extensive public engagement process, Greenstreet analyzed the residential, retail and office market and, working with the design team, assessed the physical characteristics of key nodes to support redevelopment. The result is a plan with $5.5 million of public infrastructure investment and $26.5 million of private investment that is projected to generate nearly $500,000 annually in new property tax revenue through the creation of 150 units of rental and for-sale housing and 40,000 square feet of neighborhood commercial space. Environmental restoration of Fall Creek, new trails and bridge reconstruction projects are already underway in the historic neighborhood.