Development Proposals Blog Posts

Cosmopolitan 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...
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Sad news: Cosmopolitan burns

March 12, 2009
Comments(28)
A $33-million apartment and retail project along the canal downtown caught fire early this morning. The Cosmopolitan on the Canal project, by Flaherty & Collins Properties, had been nearing completion on a site bordered by the canal, Senate Avenue, Michigan...
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Jack in the Box coming to Indy

March 9, 2009
Comments(49)
The West Coast fast-food stalwart Jack in the Box is looking to expand to Indianapolis this year. The San Diego-based burger chain plans...
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JW Marriott taking shape

March 5, 2009
Comments(33)
The new 1,000-room JW Marriott convention hotel is rising fast at West and Washington streets in anticipation of a grand opening in March 2010. The $425-million complex also calls for a Courtyard by Marriott, SpringHill Suites and a Fairfield Inn...
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Mass Ave building changes hands

March 3, 2009
Comments(20)
An iconic flatiron building on Massachusetts Avenue downtown has a new owner nearly three years after the property first went on the market, IBJ's Chip Cutter reports...
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Group reconsiders demo request

February 18, 2009
Comments(25)
The Salvation Army is rethinking a request to demolish an historic home it owns next to its headquarters at Michigan and Alabama streets. The not-for-profit...
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New owners plan Hamaker update

February 13, 2009
Comments(34)
The new owners of the Hamaker Building at 49th and Pennsylvania streets are planning to spend more than $500,000 to repair the facade, add new landscaping and give the 1920s building new...
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Around town retail roundup

February 10, 2009
Comments(36)
A new restaurant called Stanley's New York Deli plans to open Feb. 28 at the corner of 86th Street and Ditch Road. Owner Greg Abes named the 3,800-square-foot deli for his father...
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Conservancy plans take shape

February 4, 2009
Comments(52)
The Nature Conservancy is finalizing plans for its new $4.4-million headquarters at 620 E. Ohio St. downtown. The not-for-profit group is planning a two-story, 20,000-square-foot...
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A new anchor for Fall Creek Place?

February 2, 2009
Comments(27)
Check out this rendering of plans for the vacant northeast corner of 22nd and Delaware streets. The two-story project would be built to...
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Renewal planned for towers

January 26, 2009
Comments(45)
Developers are working on plans to build new residential or commercial space adjacent to two public-housing towers near Mass Ave downtown. The Indianapolis Housing Agency...
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Group plans police museum

January 22, 2009
Comments(41)
Turns out the window message in an old warehouse across from Conseco Fieldhouse is teasing a proposed police museum. The interactive museum, dubbed Cop City,...
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Historic farmhouse in danger

January 14, 2009
Comments(35)
The Historic Landmarks Foundation of Indiana is racing to save the Cotton-Ropkey House at 79th Street and Marsh Road just west of I-465. The owner of the...
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More downtown restaurant news

December 22, 2008
Comments(33)
Noodles & Co. plans to open in the long-vacant former home of Hard Times Cafe, which is just west of Houlihan's and Steak n Shake on Maryland Street. The Colorado-based chain...
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Blue fins in the sky

December 11, 2008
Comments(28)
One Indiana Square is getting its new fin features, designed in part to give the building a more vertical and less boxy profile. They also are adding a splash of color. What do you think? (IBJ Photos/Robin Jerstad)
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Apartment renovation in Irvington

December 9, 2008
Comments(37)
Apartment developer Christopher Piazza has closed on financing for a $1.2-million renovation of a 1914 apartment building in Irvington. The 31-unit...
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Tower would offer balloon rides

December 8, 2008
Comments(45)
Wow, you leave on vacation for a week, and miss this: Two Indianapolis businessmen are hoping to build a balloon-ride attraction within a 20-story, tubular steel tower....
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IU's new business incubator

November 18, 2008
Comments(6)
IU is breaking ground today on a $10 million life-sciences and Internet-technology incubator in Bloomington. The new facility will be 40,000 square feet and is scheduled for...
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More than the Whistle Stop

November 7, 2008
Comments(7)
The former Whistle Stop Deli at 901 East 64th St. isn't the only building along the Monon Trail the city's parks department is...
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Fishers tables $100M project

November 6, 2008
Comments(13)
An Ohio developer and the Town of Fishers have agreed to cancel a 2007 development agreement that called for a $100-million mixed-use project featuring 250,000...
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3Mass taking shape

November 5, 2008
Comments(32)
The luxury condo and retail project called 3 Mass is taking shape as sales pick up speed. Buyers have snapped up 26 of the 44 units, including $8 million in sales in September and October, said Todd Maurer of lead...
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Update: City OK with abatement

October 31, 2008
Comments(10)
The city has decided to support a request by Buckingham Cos. to abate part of the additional tax liability stemming from its $2.5-million renovation of...
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City looking for Whistle Stop tenant

October 27, 2008
Comments(32)
The city is looking for a new tenant for the former Broad Ripple Monon rail station at 901 East...
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Incentives for Buckingham HQ?

October 22, 2008
Comments(11)
The city is taking a second look at a tax abatement request for the historic Stokely-Van Camp building at 941 N. Meridian St. Developer Buckingham...
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Credit mess puts Ralston on hold

October 2, 2008
Comments(32)
A $60 million project slated for South Street between Meridian and Pennsylvania streets is on hold until credit markets return to some semblance of normal, the developer...
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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