Fall Creek Place is a community of hard-working families and well-acquainted neighbors, sharing in the dream of homeownership, and enjoying the active and diverse surroundings that come with downtown living. Located only two miles north of the heart of Downtown Indianapolis, Fall Creek Place offers a unique blend of housing types over a wide range of prices.
History
As recently as 2000, the neighborhood was known as "Dodge City" because of its high crime rate. While many families continued to live in the area, vast portions of the neighborhood were comprised of vacant lots and boarded-up homes--the result of decades of disinvestment. In July of 2001, with help from a $4 million Home Ownership Zone grant from the U.S. Department of Housing and Urban Development, the Fall Creek Place development began. Vacant lots, abandoned homes and dilapidated homes were acquired, new streets, sidewalks, lighting, utilities, and trees were installed, and special financing packages were assembled for homebuyers. Today, more than 400 new families join many long-time residents in calling the neighborhood home. Residents enjoy an urban lifestyle, living mere minutes from the exciting shopping, dining and entertainment opportunities that abound in downtown Indianapolis.
Living in Fall Creek Place
Downtown living puts you just minutes from Indy's best arts and theater, restaurants, shopping, sporting venues, museums and nightlife. Mass Ave is a 5 minute drive, Tinker Street is a leisurely walk down the road. Work Downtown? You've got a 5-10 minute commute to the Mile Square, IUPUI, Wholesale District and Methodist Hospital.
Fall Creek Place is also centrally located only 15-20 minutes from regional shopping destinations like Castleton Square Mall, Keystone at the Crossing and Southport (not to mention Indianapolis International Airport).
But for some things, you don't need to go anywhere. The neighborhood has a growing business community that includes restaurants and markets owned and operated by neighbors. Goose the Market, Bocca, Tea's Me, Babies and Locco are open for lunch and dinner. Looking for a brewery? We have two. Mashcraft on Delaware and A Taproom are always ready for neighbors to stop in. Grab a Coffee at Monon Coffee after yoga class at Cityoga! A Salon and a dentist also make their homes on Delaware Street.
The neighborhood is right on Fall Creek Parkway, which can whisk you northeast to Binford Boulevard and Interstate 69 or Keystone Avenue in minutes. It is also a mile north of Interstates 65 and 70, providing quick and convenient access to the regional Interstate system. Cars aren't the only way to get around in Fall Creek Place. IndyGo bus routes on Meridian Street, Pennsylvania Street, Delaware Street, Central Avenue and College Avenue can take you to any place in the city. Blue Indy stations are located at 25th and Delaware. And don't forget bicycles--you're only blocks from the Monon Trail and Indianapolis Cultural Trail!
Don't fit into the suburban mould? Fall Creek Place residents are as diverse as the houses they live in. The wide variety of home prices and housing type means there's a place for everyone.
Parks are where children play, where families gather together and friendships are formed, and where you stay connected to each other and to nature. Parks are essential to creating a community where residents can interact with one another and keep in touch with familiar faces. Fall Creek Place has four neighborhood parks and is just a short block or two from the Monon and Fall Creek trails that connect riders and pedestrians to the extensive Indy Greenways system.
Fall Creek Place is a neighborhood, not a subdivision. Its' neighbors know one another and an active Homeowners Association sponsors frequent neighborhood meetings and social events, including an annual neighborhood sale, neighborhood cleanups, movie in the park, winter gathering, July 4th picnic in the park, Halloween costume parade, and parents & social group. A neighborhood newsletter in the Urban Times keeps you informed on what's going on, and neighbors can participate in an active website.
The neighborhood is served by Indianapolis Public Schools with Center for Inquiry 27, as well as numerous private and parochial schools, including the Oaks Academy, located in the neighborhood, and nationally ranked Herron High School, located a few blocks south. Going to school yourself? Ivy Tech, IUPUI, the University of Indianapolis and more are just minutes away.
Although an urban neighborhood, violent crime is virtually unheard of in the neighborhood (a far cry from those "Dodge City" days just a few years ago). An active crimewatch program keeps neighbors connected and informed on the crime that does occur, and the neighborhood works in close communication with police. There's also a neighborhood patrol program that employs off-duty police officers to patrol around your home that you can sign up for.
Have more questions about what its like living in Fall Creek Place? Talk to the neighbors who live here! Take a walk down our streets in the evenings on a nice day and chat with homeowners strolling along the sidewalk with their dogs or sitting with neighbors on their porch. They'll be happy to tell you how it is. You're also welcome to email the HOA Board through the management company at fallcreekplace@gmail.com.
Facts and Figures
There are more than 400 homes in Fall Creek Place, 15 years after the project began. The initial market study indicated that aggressive marketing efforts could yield about 45 home sales per year. Fall Creek Place more than doubled this projection and as a result is expanding eastward with Phase IV, which will include approximately 110 additional new homes.
Half of all homes sold in Fall Creek Place were sold as affordable homes, meaning the buyers earned at or below 80% of the City's median income. Homes in the neighborhood have sold for as low as $94,000 and as high as $400,000 - $500,000, a price range unlikely to be found in any other neighborhood in the Midwest and keeping true to the vision of a mixed-income neighborhood.
Total home sales will exceed $60 million in the original three phases, and total new household income created by the new homeowners will approach $20 million annually. The neighborhood will also add $1.2 million to the local tax base.
The neighborhood is much "greener" than before, with one new city park, three new neighborhood parks and a new linear greenway along Fall Creek.
$15 million of public infrastructure improvements brought completely new sidewalks, street and alley resurfacing, historic lighting, tree planting and buried utilities.
Fall Creek Place has won four national awards for excellence in planning, design and community development, and has been featured in eight national magazines.
Fall Creek Place is a partnership between the City of Indianapolis and King Park Development Corporation. Additional support is provided by the Historic Landmarks Foundation of Indiana. Fall Creek Place development is managed by Mansur Real Estate Services.