The terra cotta-clad 12-story tall Roosevelt Building at 9 North Illinois Street was constructed in 1922, completed January 1, 1923, and had a major remodeling in 1949. It was designed by the Vonnegut, Bohn & Mueller firm for the Libby Realty Company as speculative office space. The site had previously been the site of the six-story United Building, itself constructed sometime after 1898.
Libby Realty had leased the property from Millard Realty, which had leased the property from Edward Claypool (who was presumably related to the Claypool Hotel, which was located across Illinois Street) in 1907 for a term of 99 years. The Claypool heirs maintained their interest share until 1981, when the owner became the “Roosevelt Building Co.” In 1984, Joan and John Hillenbrand bought the property, turning around the next year to sell it to a subsidiary of Melvin Simon & Associates. Before the end of 1985, the City of Indianapolis Department of Metropolitan Development had bought the property. The last tenants vacated in 1989, and in late 1990, the building was razed. The site then held one corner of the Indianapolis Artsgarden, but most of it remained an underutilized plaza until the construction of the Conrad Hotel in 2004-05.
More views of the building just prior to demolition…
All photos seen here are from the 1990 Historic American Buildings Survey done by the Indianapolis Historic Preservation Commission prior to the demolition of the building. The entire document can be found in the Library of Congress archive, here.