Residents mourned the loss of shade and character on the east side of the street.
Fire crews responded to the 1400 block of Pleasant Street around 1:15 a.m.
The suspect's identity is not being revealed at this time.
The five-story mixed-use building will be built at the corner of Prospect and Spruce streets.
From commercial to residential, Fountain Square is becoming one of the fastest growing areas of Indianapolis.
The car-sharing company lets anyone rent their all-electric vehicles.
21-year-old Matthew Edmonds faces multiple felony charges related to the case.
What's unclear is whether the suspect, 21-year old Matthew Edmonds, knew he was no longer being pursued by police.
Owners of a new business trying to move into Fountain Square are getting some resistance from the neighborhood.
The reality TV show about an Indianapolis mother and daughter duo that renovates homes in Fountain Square has been picked up for a full season on HGTV.