Wednesday, August 26, 2015

Indianapolis Public Schools sells historic Phillips Temple

INDIANAPOLIS BUSINESS JOURNAL
By Scott Olsen
The building was built in 1924 as an African-American church boasting a seating capacity of 1,500
INDIANA---Van Rooy Properties plans to convert the historic Phillips Temple into market-rate apartments as part of $3.5 million-plus project that also calls for constructing a new building on an adjacent lot to the west. Indianapolis Public Schools accepted the local apartment developer’s bid of $122,500 for the dilapidated African-American landmark and adjoining property on Dr. Martin Luther King Jr. Street downtown as part of a strategy to shed ownership of holdings beyond functioning schools. [link]