IRVINGTON — Chris Piazza, President of Reverie Estates, is excited to tackle a new project in Irvington. Recently he announced the company has purchased Butler Apartments at 5230 E. Washington Street in Irvington. The 53 unit apartment building will receive an extensive and historically-sensitive renovation that will restore the original hardwoods, wood windows, soaking tubs, and doors. Kitchens and bathrooms will receive full makeovers including new cabinetry, solid surface tops, stainless European-size appliances, new hex tile floors, and subway tile backsplashes/tub surrounds.
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The Butler Apartments just after completion, 1927
The common area will feature a new gym, bicycle parking, gated courtyard with gardens and urban farming, and gated parking with electrical vehicle plug-ins. Architecturally, the 1927 building will have it’s most significant architectural detail — a clay tile roof line feature — restored. Apartments will be ready this summer with rents starting in the $400′s for studios and $600′s for one bedrooms.
Reverie Estates is known in the area for restoring properties that were neglected. The Suites of Irvington and the Historic Audubon Court apartments in Irvington, as well as the Essex in Woodruff Place, are some of the buildings the company has carefully renovated over the years.
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Renovations will preserve the unique qualities of the apartments, but upgrade finishes like this kitchen in the Picadilly.
The company recently completed and leased up the apartments at Piccadilly in downtown Indianapolis, including the luxurious penthouse which is available for events and executive rental. The street-level retail is now available and enjoys the high-visibility and traffic of 16th & Penn. Across the street, another Reverie Estates project (333 E. 16th) Penn Arts retail is now fully leased with the anchor space on the corner recently reserved for a coffee, beer, and wine bar slated to open this summer. Other retail partners in Penn Arts include Minx Vintage Clothing, Indy Acupuncture, Bang a Salon, and 111 Cakery.
