Developer Boxer Girl plans to create River Centre on the Jasper Cabinet site, a $26 million development that would include hotel, housing, commercial space and green space between the developments and the river. Artist renderings courtesy Boxer Girl
This graphic shows the area that has been established as a tax-increment financing district surrounding the Jasper Cabinet property. Artist renderings courtesy Boxer Girl
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JASPER — The tax-increment financing district for the future River Centre has been established.
After hearing no comments from the public this morning, the Jasper Redevelopment Commission approved a confirmatory declaration for the district.
The TIF district is roughly bordered by Third Avenue, the Patoka River, Main Street, Second Street and Mill Street. The segregated district includes the city-owned property, which does not incur taxes, including the Jasper Train Depot and property north of the depot to Third Avenue. It also includes properties in a flood-prone area the city owns between First, Second, Main and Jackson Streets.
Developer Boxer Girl LLC of Indianapolis, headed by Jane Hendrickson, is purchasing the Jasper property to create River Centre, a $26 million development planned to include a hotel, apartment complexes, commercial space and green space between the developments and the river. The total investment, including engineering, permits and other paperwork, will be $30 million.
Some of the buildings on the Jasper Cabinet site will be razed. The parts of the former factory that will be used will be the three-story brick building closest to the Jasper Train Depot and the structure that lines Jackson Street. The buildings to be demolished are four smaller additions behind the brick building and closer to the river and a building that rests closest to the corner of Jackson and Second streets.
The structures kept intact will be converted into a multi-use site. The first floor will be about 36,000 square feet of commercial space for shops and restaurants. The second and third floors will have approximately 75 one- and two-bedroom apartments. The entry to the building will be at the corner of Jackson and Second streets. An outdoor patio will be on top of the building near Jackson and Second streets, and other patios will be at the building’s rear.
A hotel with 80 to 100 rooms will be built to the east of the building, close to the Patoka River. General Hotels Corp. of Indianapolis is a partner in this project and will own and manage the hotel. The company has more than 40 hotels including Crowne Plaza in downtown Indianapolis and hotels in Terre Haute, Lafayette and Kokomo.
Parking for about 230 cars will be constructed in the flood-prone area the city bought using a $544,584 grant from the Indiana Housing and Community Development Authority. In addition, parking for about 30 cars will be constructed on land near Third Street just north of German American Boulevard and east of the depot’s parking lot; the land is also owned by the city, having been purchased in 2013.
Design plans for River Centre is expected to be done in 2016-17, with construction in 2017-18.
Boxer Girl is also developing Hunter’s Crossing in Huntingburg. That Stellar Communities project will include 120 new single-family homes on Chestnut Street between 12th and 17th streets and a nearby park.
The Jasper Cabinet building started as an outgrowth Schaaf & Schnaus Planing Mill, which was established in 1903. The mill became the Schaaf & Schnaus Manufacturing Co. in 1916 and began producing porch swings, sandboxes and tables, laboratory tables, costumers and bookcases as well as window and door sash. The name changed to Jasper Cabinet in 1928 and the company began manufacturing products such as secretaries, breakfronts, cellarettes, knee-hole desks, piers, curio and gun cabinets, foyers, commodes and mirrors. The company ceased operations in 2002 and the building has been idle ever since.
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