Development Proposals Blog Posts

Ace eyes Fall Creek Place

September 18, 2008
Comments(37)
King Park Area Development Corp. is in advanced talks with Ace Hardware to anchor a new retail project at the northeast corner of 22nd and...
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City, BW3 reach deal

September 15, 2008
Comments(54)
The owners of downtown's new BW3 and city planners have reached agreement on a new design. Changes shown in the rendering below include new lighting fixtures and removal of yellow "highlights" behind them, along with removal of black-and-white checkers on...
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Group eyes new vision for Circle

September 15, 2008
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A group of local business and civic leaders are hoping to transform Monument Circle into a grand public space in the European model, a pedestrian-friendly piazza that draws crowds year-round to...
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UIndy unveils new dorm

September 10, 2008
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The University of Indianapolis plans to break ground on a new $9-million residence hall, the campus' sixth, on Thursday. The four-story...
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Sour market slows Penn Arts work

September 9, 2008
Comments(18)
Developer Christopher Piazza says "difficult market conditions" have led to a delay for his $3-million renovation of the Penn Arts building at 16th and Pennsylvania...
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Before & After: Fountain Square

September 8, 2008
Comments(41)
A former used-appliance store in Fountain Square has a whole new look after a $300,000 renovation. The property at 1315 Shelby St. now has four...
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BW3 proposes calmer look

September 3, 2008
Comments(51)
The back-and-forth continues between city planners and the developer of a new Buffalo Wild Wings restaurant along Washington Street downtown. Franchise owner Pete Watson has offered to tone down the facade a bit, offering this picture: More

New life for Whole Foods plan?

September 2, 2008
Comments(14)
An Atlanta firm is hoping to revive the development of a Whole Foods grocery at the northwest corner of 86th Street and Keystone Avenue. Dominion Capital, which took over the site...
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Paramount Tower plan shrinks

August 25, 2008
Comments(42)
Developers are taking a new approach to a student housing project proposed for a 2.3-acre parking lot a few blocks east of the Central Canal....
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Apartments planned for old school

August 22, 2008
Comments(10)
The former Paul C. Stetson School northeast of Fall Creek Parkway and College Avenue could soon find new life as a 47-unit senior apartment complex....
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BW3 defies city's request

August 20, 2008
Comments(122)
Buffalo Wild Wings has responded to the city's beef with its Washington Street façade by submitting a new plan showing the exact design it already constructed. The...
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Insurance firm plans new HQ

August 19, 2008
Comments(40)
McGowan Insurance Group plans to build a new 19,000-square-foot headquarters on a triangle-shaped property at 340 N. Capitol Ave. where an ealier proposal called for 30 condos and a bank....
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Rivers Edge & crazy for cafes

August 5, 2008
Comments(23)
Kite Realty Group Trust remains mum on its plans for the Rivers Edge shopping center just east of Clearwater Crossing, even in an application for rezoning filed this month. Kite...
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Back in time: Buildings in the news

July 31, 2008
Comments(21)
First off, an update on the new plans for the Grain Dealers building: London Witte Group has hired locally based Lynn Hines Design Associates to...
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City to BW3: Not so fast

July 30, 2008
Comments(57)
City planners are seeing red over the bright yellow facade at a new Buffalo Wild Wings under construction along Washington Street downtown. Turns...
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Tower House proposal dead

July 29, 2008
Comments(9)
A local accounting firm has bought the Grain Dealers Mutual Insurance building along Meridian Street for its headquarters after a local developer couldn't...
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BW3, Madame Walker & Adobo

July 25, 2008
Comments(17)
Wow, what a busy day. First off: No luck so far snagging a rendering of the new Buffalo Wild Wings under construction along Washington Street...
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Children's Museum expanding

July 24, 2008
Comments(26)
The world’s largest children’s museum is getting bigger. The Children’s Museum of Indianapolis plans to build a $15.7 million expansion with 37,500 square feet of...
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Suit challenges Pan Am move

July 23, 2008
Comments(26)
A local attorney filed a lawsuit today challenging a city maneuver that cleared the way for private redevelopment of Pan Am Plaza. The suit, available More

Update: Landmarks v. Ivy Tech

July 17, 2008
Comments(63)
The Indiana Historic Landmarks Foundation is fighting a plan by Ivy Tech to tear down...
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Old hospital could face demolition

July 16, 2008
Comments(44)
Ivy Tech State College now hopes to tear down the old Weyerbacher Terrace apartment complex after determining the 1913 structure would be too...
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Cadavers, Pan Am Plaza & more

July 14, 2008
Comments(17)
I missed a few days last week for a wedding in Wisconsin, so it's time to catch up on real estate news ... Cadavers at Circle Centre UPDATE: The exhibition is going to...
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Ralston Square's new look

July 8, 2008
Comments(57)
A $60 million project slated for South Street between Meridian and Pennsylvania streets has a whole new look, along with a couple of anchor tenants. Plans for Ralston Square call for a Cambria Suites hotel, a BlackFinn Restaurant & Saloon...
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New renderings of Allen Plaza

July 7, 2008
Comments(48)
Check out the latest renderings for the revamped Jefferson Plaza, which soon will be known as Allen Plaza. Local favorite Scotty's...
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Fun with renderings & Walmart

July 1, 2008
Comments(45)
Check out the proposed look for Brothers Bar & Grill in Broad Ripple (reported here in December). Keystone Construction has been awarded the...
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  1. Aaron is my fav!

  2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

  3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

  4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

  5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

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