Month: September 2021

Changing Communities By Redeveloping Buildings

Owner and developer of multiple real estate properties, Dan Klausner is the manager of Silver Birch Companies based in Carmel, Indiana. Through one of his investments Indianapolis-based Paradigm Real Estate Investments, Daniel E Klausner is changing communities by redeveloping old buildings.

Redeveloping old buildings by reusing them helps to preserve the history of a given location, giving residents a sense of place and connection to the past. It also helps to reduce on waste as the old buildings do not have to be demolished. Tearing down structures is also not good for the environment due to toxins and pollutants released.

One such building that Paradigm redeveloped is the Rosner Building located in Speedway Town. In this project Paradigm invested $2.5 million into the redevelopment of the 16,000 square-foot building. The main tenant of the building being Wilcox Environmental Engineering Inc who occupy 70% of the building with the remaining available for lease. The project which was launched in 2016 was a welcome move and was considered an economic anchor for the Speedway Town.

Paradigm Real Estate Investments Helps Transform Speedway’s Downtown

An active member of the Indianapolis and Carmel business community who achieved success in the institutional investment industry, Daniel “Dan” E. Klausner leads the Silver Birch Companies. With Paradigm Real Estate Investments, Dan Klausner has focused on projects that drive economic vitality in Speedway, which offers a historic Main Street District just across from the Indianapolis Motor Speedway.

In a groundbreaking event for the Rosner building, which is being expanded and rehabilitated for office, retail, and restaurant use, Daniel E. Klausner described his earliest memories of the area include marketing and advertising efforts as a youth for his family’s small local newspaper on the Westside. This passion for the local community led him to seek out Wilcox Environmental Engineering, Inc. as a reliable anchor tenant that would inhabit 70 percent of the building’s available space.

With Paradigm investing $2.5 million toward the project, the city of Speedway has also set in place an incentive package designed to attract well-qualified restaurants that wanted to inhabit the remaining space. The Rosner building is just the beginning of the downtown’s transformation as several ground-up construction projects are also being pursued by Paradigm Real Estate Investments.