@Jay Hinrichs
Are you speaking of St Johns or Chatham Arch?
Yes, the prices here, as you very well know, will look like a steal compared to the West coast. This is why we are seeing an influx of investors, especially California investors, coming out here with big ideas of making big money. I call it the Indiana Gold Rush. Some will make it but others will get burned.
I agree with you that sometimes being on the outside looking in is much better then being in the forest. There is opportunity everywhere here in Indy but one must be careful and do very hard research before making any moves.
Indy is making a lot of major plans for redevelopment in other areas of the city. Even with the change in Mayor just this past year I see that they are still pushing forward with making this city a top player in coming years, especially in the Tech industry. This of coarse is just my opinion but I see great things to come and a very prosperous future for this city.