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Welcome to Property Lines, Indy's source for neighborhood real estate news. Your host is Scott Olson, IBJ's real estate beat
reporter. Edited by Cory Schouten.
Development Proposals Blog Posts
Ambrosia plans downtown location
July 21, 2009
Comments(40)The owner of the popular Broad Ripple Italian restaurant Ambrosia plans to open a new location downtown on
the first floor of the Hampton Inn along Maryland Street. The...
MoreWeigh in on the new Wishard
July 17, 2009
Comments(44)Check out this early rendering of a proposed replacement for Wishard Hospital. The $754-million project calls
for 11 stories and about 1.2 million square feet of space. It would be built just west of the current
hospital, next to the...
MorePrivatize parking meters?
July 13, 2009
Comments(37)City officials are considering several proposals to modernize and even privatize the city's roughly 4,000
parking meters to squeeze out more revenue.
MoreWine bar planned for Conrad
July 10, 2009
Comments(28)Plans are in the works for a wine bar called Tastings that would take the first-floor corner space at the
Conrad Indianapolis and...
MoreMadison Avenue retail planned
July 7, 2009
Comments(25)A local developer is planning a retail strip center for a run-down parcel along Madison Avenue south of
downtown. The plans by Keystone Construction Corp. call for...
MorePreview of $30M project
July 6, 2009
Comments(70)Check out these fresh renderings of a $30-million student housing project planned for Indiana Avenue near
IUPUI. The plans by Trinitas Ventures of West Lafayette call for 250 apartment units at 1201 Indiana Ave,
between Montcalm and Milburn streets south...
MoreSo long, SoDo
June 30, 2009
Comments(18)The owners of a 1.3-acre parking lot southeast of Meridian and South streets have put the property up for
sale, apparently putting an end to the dream...
MoreGroup blasts Trail 'destruction'
June 10, 2009
Comments(44)Construction work on a new Kroger-anchored development along the Monon Trail at 86th Street is drawing the
ire of Nora neighborhood leaders. They're frustrated by the removal of trees and bushes along the trail by
the project's developer, locally based...
MoreArts vision for Virginia Avenue
June 8, 2009
Comments(10)A proposed $9 million project called Fletcher Place Arts calls for 56 mostly one-bedroom apartments, 8,700
square feet of first-floor retail or office space, and...
MoreBinford's medical ghost town
May 28, 2009
Comments(23)The hits keep on coming for the unfinished Binford Medical Complex at 65th Street and Binford Boulevard as
the urgent care center that served as the development's anchor...
MoreT-Mobile taking prime corner
May 26, 2009
Comments(28)T-Mobile has inked a five-year lease for a 2,200-square-foot space at the northwest corner of Washington and
Meridian streets. The store will be a corporate-owned "playground" store, a new...
MoreDeveloper plans apartments at 707
May 23, 2009
Comments(19)A local developer hopes to convert the unfinished eight-story 707 E. North St. condo project into a mostly
affordable apartment building...
MoreKroger eyes Altum parcel
May 19, 2009
Comments(20)Kroger is looking at land in Zionsville for a new store. The Cincinnati-based grocer is in talks with the
owners of Altum's Garden Center along Michigan Road between 106th and 116th Streets,...
MoreTouring the JW Marriott complex
May 12, 2009
Comments(26)The developers of the new JW Marriott hotel complex gave photographer Robin Jerstad and me a tour of the
$425 million project earlier this month....
MoreParcel near LOS lingers on market
April 29, 2009
Comments(31)Have property values around Lucas Oil Stadium risen as fast as the profit expectations of the owners? Perhaps
not, at least if you consider the Cambridge Transmission...
MoreWestfield plans sports complex
April 23, 2009
Comments(24)The mayor of Westfield hopes to build a youth sports complex with a 4,000-seat multipurpose outdoor stadium,
indoor sports facilities and fields for baseball, soccer,...
MoreFort Ben reuse marches on
April 21, 2009
Comments(13)The Fort Harrison Reuse Authority is preparing to break ground on a massive infrastructure project that will
lay the groundwork for the master-planned Lawrence...
MoreConservancy work begins & more
April 17, 2009
Comments(49)The Nature Conservancy broke ground Thursday for its new Indiana headquarters. The organization still needs
to raise most of the $4.4 million cost of the building, but...
MoreMore progress on blighted block
April 9, 2009
Comments(34)Another rundown building at the northwest corner of Washington and Pennsylvania streets is getting some attention
after years of neglect. Workers are putting...
MoreNia's Deli and 97th Landing
March 31, 2009
Comments(13)A new lunch spot called Nia's Deli is on track to open next week in a building at 38 E. Washington St.
(shown here) that burned in 2007. The space...
MoreAround town real estate roundup
March 26, 2009
Comments(29)New headquarters and museum planned: Workers are renovating space in Claypool Court for a new Drum Corps
International headquarters and a museum for the Percussive Arts Society. The not-for-profit DCI plans to take...
MoreBrokers revise plan for key lots
March 23, 2009
Comments(18)The owners of two vacant buildings and a fenced lot along Washington Street downtown aren’t giving up on
redevelopment even after their plans for a...
MoreNew life for Illinois Building?
March 22, 2009
Comments(25)A local developer is working on plans to save the vacant 10-story Illinois Building, considered in recent
years as one of the state's most endangered historic...
MoreDrugstore shuffle on 86th
March 16, 2009
Comments(17)A rough economy hasn't calmed the grudge match between drugstore giants Walgreen Co. and CVS. Both stores
are planning new locations at the busy intersection...
MoreCosmopolitan a total loss?
March 13, 2009
Comments(15)The remains of the Cosmopolitan on the Canal project continued to smolder today as a small crew of firefighters
worked to put out remaining hot spots. They were using a crane to demolish a portion of the building's
remaining facade...
More
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Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.