Located one and one half miles from downtown Indy, this neighborhood lies on Indianapolis’ near Southeast side of town. It is bordered by I-70E and I-65 to the west, English Ave. to the north, State Ave. to the east and Pleasant Run Pkwy. to the south.
Is there really a fountain in this neighborhood?
Yes, yes there is! It’s located where the neighborhood itself is centered: at the intersection of Virginia and Shelby Streets. The first fountain was erected in 1889, and gave the neighborhood its name. The current fountain, erected in 2009, is the fourth one to call that spot home. The intersection has always been a hopping one, as the fountain was preceded by a turnaround of the Citizens Street Railway Company which operated in the 1860s.
The neighborhood developed a distinctly German character in the 1890’s and 1900’s due to all of the German immigrants. An eclectic population grew in future decades, and the area became a bustling theater and commercial district. (At one time, there were eleven theaters in the area!)
When I-65 and I-70 were built in the 1960’s and 70’s, Fountain Square was hit hard. Nearly 6,000 residents were displaced by the ‘inner loop’ created by the interstates. In addition, the roadways created a physical barrier between Fountain Square and other neighborhoods.
Between 1980 and 1982, more than $3 million was invested in Fountain Square, and in 1983 the commercial district was placed on the National Register of Historic Places. The area, while poised to make a comeback during that time, still struggled.
A neighborhood renaissance
The Indianapolis Cultural Trail was a turning point for this neighborhood. Along with its equally in vogue next door neighbor Fletcher Place, the multi-million dollar cultivated walk and bikeway that travels through both of these neighborhoods suddenly made Fountain Square not only easily accessible again, but trendy. As one of six of Indianapolis’ cultural districts, it has also benefited from the savvy marketing efforts focusing on Indy’s unique neighborhoods that the Cultural Trail runs through.
Stores, an artsy vibe, a public library, eateries galore, eclectic homes, antique shops, and the Fountain Square Theatre that instantly takes you back in time, combine to make this a fun and vibrant place. Residents who are passionate about its success make Fountain Square an astute place to call home.
Interested in learning more about Fountain Square? Step into the neighborhood yourself in “Fountain Square: From Down and Out to Up and Coming”, (produced by the Purdue Center for Regional Development.)
Homes in Fountain Square are comprised of a nice mix of architectural styles including Victorian, contemporary and modern, and have a median price of $158,600, as of November 2015. Below are some recently listed homes. There may be something for you! Give us a call at 317-578-1141 or use the form below to let us know how we can help.
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Head over to our Fountain Square Real Estate Search Map to further customize your search, as well as get email updates the day new listings hit the market:
Fountain Square Map