The longtime empty mansion will be converted to 10 high-end rental apartments.
The ‘dolphin house’ may soon lack the very thing that gave the Indianapolis mansion its nameAfter pleading guilty in 1964 for pandering and running prostitutes, Hostetler began a second career in construction, fixing up fire-damaged homes.
He cobbled together the Dolphin House piece-by-piece from four ranch homes; installing gargoyles, life-sized gorilla statues, swimming pools, a fountain, a hot-tub within a grotto, and the three-dolphin statue from which the mansion got its nickname.. That’s when Chad Folkening, an Indiana-born tech entrepreneur, bought it.at least three times over the past decade, each time listing it for a lower price than the last, from $2.2 million in 2012 to $690,000 in 2022.
Neighborhood residents would have preferred to have seen a couple of single-family houses be built at the property; but the high-end apartments are likely to be as good as they can get from the developer, said Cac Diehr, interim president of“This is the best possible, reasonable use of the situation,” said Diehr, an area resident since 1984. “Jerry created quite the monster and when he died it was in such terrible condition.”From the archive: At his death, 'Mr.
Spann Alexander Rieg’s plan also calls for a property manager’s unit, an office and a fitness center. Twenty-six parking spaces will be added to the front of the property. The spot also will have recreational green space and outdoor grilling, all using the Kessler Mansion’s footprint.
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