Riley Towers | |
---|---|
Former names | James Whitcomb Riley Center,[1] Towers at Riley Center[2] |
General information | |
Status | Completed |
Type | Residential apartments |
Location | 225 E. North St. (Tower I) 600 N. Alabama St. (Tower II) 700 N. Alabama St. (Tower III) Indianapolis, Indiana 46204 |
Coordinates | 39°46′30.5″N 86°9′10.2″W / 39.775139°N 86.152833°W |
Construction started | May 1962[3] |
Topped-out | December 1962[3] |
Opened | May 1963[3] |
Cost | $10.5 million[1] |
Owner | Barrett & Stokely, Inc. |
Height | 295 ft (90 m) (Towers I & II)[4] 157 ft (48 m) (Tower III)[5] |
Technical details | |
Floor count | 30 (Towers I & II)[4] 16 (Tower III)[5] |
Lifts/elevators | 5 |
Grounds | 4.81 acres (1.95 ha) |
Design and construction | |
Architecture firm | Perkins and Will |
Developer | Riley Center Corporation |
Main contractor | Huber, Hunt & Nichols, Inc. |
Other information | |
Number of units | 524[6] |
Website | |
www |
Riley Towers are three residential high-rise apartment buildings in downtown Indianapolis, Indiana, United States. Riley Towers were conceived as part of an expansive urban renewal project known as Project H.[7] The complex was constructed between 1962 and 1963.[3] Towers I and II have 30 floors and Tower III has 16 floors.[7] Riley Towers I and II are the tallest residential buildings in the state of Indiana.[6] The towers are distinctive for their cantilevered corner balconies.[8][4]
The complex is owned and managed by Indianapolis-based Barrett & Stokely, Inc., which purchased the property in 1993.[9] Amenities include a three-level parking garage; a private outdoor swimming pool, lounge, and grilling area; a fitness center; and ground-level retail. An open-air skyway spans E. North St., connecting Tower I to the complex's parking structure.
The complex is named for famed poet James Whitcomb Riley, whose museum home stands in the nearby Lockerbie Square Historic District.[10]
The three towers, which were originally dubbed the James Whitcomb Riley Center, cost $10.5 million when they opened in 1963.
Riley Towers Limited Partnership, which had owned the Downtown high-rise apartments, turned over ownership to Fleet-Norstar Financial Group Inc. of Providence, R.I., Friday. Fleet-Norstar held a $23.5 million mortgage on the apartments.
The full height of the twins will be reached December 8. The buildings will be enclosed and heated by January 1, finished by May 1 and occupancy begun by that date. ... It all was started last May.
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Indiana's tallest residential building consists of 524 units in three buildings on the west side of 500 and 600 blocks of North Alabama Street.
Besides providing plateaus from which Indianapolis can be seen, the balconies form an interesting pattern of their own.
Barrett & Stokely, the Indianapolis real estate management company that bought the Riley Towers apartment complex for $10 million Wednesday, said it will spend $3.5 million sprucing up the place and making it more secure.
Riley means James Whitcomb Riley. The James Whitcomb Riley Center is named for the Hoosier Poet and a time when downtown Indianapolis was a gracious spot, a place to enjoy, good to live in.