Speedway’s Main Street Corridor Attracts New Developments

A real estate development professional in Carmel, Indiana, Daniel E. “Dan” Klausner serves as a managing member with Silver Birth Companies. In this capacity, he manages acquisitions and negotiations for a number of multi-million-dollar development projects in the Indianapolis area. In 2016, Dan Klausner led the development of a large project in the Main Street district of Speedway, Indiana.

Paradigm Real Estate Investments invested $2.5 million into the redevelopment of a building in Speedway’s Main Street area. The 16,000-square-foot building devoted approximately 70 percent of its space as headquarters for Wilcox Environmental Engineering Inc., while the remaining 30 percent was leased to retailers and restaurants.

The project marked an important step in the revitalization of downtown Speedway. The Main Street Corridor comprises 400 acres of multi-use properties, including those appropriate for commercial, residential, shopping, and entertainment uses. The goal of the area is to create a thriving, vibrant downtown area that attracts residents, consumers, and local businesses.

Avon Indiana Starbucks Serves Promising Area

A Carmel and Indianapolis Indiana real estate developer and financer, Daniel (Dan) E. Klausner is a managing member for Silver Birch Companies. Involved in many construction projects in the area, Dan Klausner funded the construction of a new Starbucks in Avon, Indiana in 2018. The development’s well-connected, populous, and affluent location indicates its success.

Built by Capital Construction, the Avon Starbucks is located at the intersection of U.S. Highway 36 and Gable Drive, a roadway traversed by over 36,000 drivers per day. The surrounding area, Hendricks county, a western suburb of Indianapolis, contains a high density of residents, over 130,000 in all, within a five-mile radius. Further, households in this area have an average annual income of at least $75,000, providing ample opportunities to use the site.

The Avon Starbucks joins the preexisting variety of retail and restaurant spaces along Highway 36. Both national chains and regional ones incentivize shoppers to visit. The property has a 10-year lease that expires on March 31, 2028, with rent increases every five years and a five-year renewal term.

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.