Development Proposals Blog Posts

JW work to begin in June

April 11, 2008
Comments(48)
A three-year project to build a new convention headquarters hotel along West Street now is scheduled to begin on June 1, immediately after the Indianapolis 500, said Mike Wells of developer REI...
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Kite eyes retail, hotel for Pan Am

April 7, 2008
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A local developer hopes to add restaurants and retail space and possibly more to Pan Am Plaza to capitalize on a growing convention center and the new Lucas Oil Stadium. Kite...
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IRT plans $3M renovation

April 7, 2008
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The Indiana Repertory Theatre has won a $3-million grant from the Lilly Endowment to fund renovations of the Indiana Theatre building at 140 W. Washington St. IRT plans to...
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Popular chains show southside love

April 4, 2008
Comments(8)
The Broadbent Co. plans to begin construction soon on a new restaurant strip in front of its Greenwood Place shopping center at U.S. 31 South and Shelby Street. The 7,100-square-foot center will include a Dunkin Donuts with a drive thru,...
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Retro Dunkin rendering

April 3, 2008
Comments(35)
The new Dunkin Donuts at Washington and Pennsylvania streets (reported here in November) likely will have a retro look that incorporates the old Roselyn Bakery sign. Plans call for neon signs and a stainless steel facade. What do you think?More

Sinks, brownfields and insurance

March 17, 2008
Comments(27)
Getting you up to date: Airport sinks approved The Indianapolis Airport Authority board has approved an obscure bid package known as "T-31" that provides for the installation of floor-level foot sinks for...
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Mall getting go-karts and golf

March 14, 2008
Comments(31)
The new owners of Lafayette Square Mall are plotting a $12-million redevelopment that would add a go-kart track and PC gaming area to the former Lazarus. New York-based...
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Outlook grim for Venu

March 13, 2008
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Plenty of people are holding out hope that Premier Properties USA Inc. can pull off its ambitious, $750-million Venu project at the southwest corner of 86th Street and Keystone...
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Developer details Penn Arts plan

March 11, 2008
Comments(52)
A 23-year-old entrepreneur plans to spend $3 million to transform the 82-unit Penn Arts apartment building at 16th and Pennsylvania streets into 45 upscale apartments, Tracy Donhardt More

Rendering for Mass Ave project

March 7, 2008
Comments(26)
What do you think of the proposed replacement for a one-story, township-owned structure on Mass Ave? (Click for a larger version.) The $9 million plan, proposed by...
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Merrill Tower moving west

March 6, 2008
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Developer Stephen Alexander isn't fazed by a zoning setback for his $67 million West Merrill Tower. The Metropolitan Development Commission denied his request to vacate an alley...
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Penn Centre delayed but not dead

February 29, 2008
Comments(47)
Construction won't begin on the ambitious Penn Centre proposal for at least a few more months, but the project still is a go, said developer J. Greg Allen, who also...
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Payton Wells auction set

February 27, 2008
Comments(42)
An auction date has been set for three parcels near Meridian and 16th streets that housed the Payton Wells car dealership. The properties are 2.5 acres with a 50,000-square-foot...
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Latest real estate headlines

February 19, 2008
Comments(29)
It's a busy week for real estate news. Here are a few headlines: Circuit City closes Clay Terrace store Carmel's high-end lifestyle center Clay Terrace has an empty big box. Virginia-based Circuit...
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Veterans group moving downtown

February 5, 2008
Comments(20)
The Hoosier Veterans Assistance Foundation is renovating a two-story building near the Central Library to serve as its new headquarters. The not-for-profit group, which now is located at the former...
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Green developer has $20M pipeline

February 4, 2008
Comments(5)
Is green development finally catching on in Indianapolis? The four owners of Casa Verde LLC certainly hope so. The company has plans for a $14-million, LEED-certified condo project in Columbus. In Indianapolis,...
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Retail woes continue with Cabela's

February 1, 2008
Comments(25)
Banking on the regional draw of outdoor retail giant Cabela's, developers have been planning more than 100 acres of hotels, a water park, restaurants and other retail space for the southwest corner of...
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Cummins expansion in Columbus

January 24, 2008
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Cummins Inc. plans to build a four-story, 100,000-square-foot building as part of a revitalization of the old Commons Mall in Columbus. The project calls for demolishing much of the mall and replacing...
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When factories close, what's next?

January 23, 2008
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A Bloomington developer is planning a $20-million revival of the former Thomson Consumer Electronics plant on the city's near east side. The 50-acre Sherman Park property has become an eyesore since the...
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New JW design unveiled

December 19, 2007
Comments(61)
Plans for a 1,000-room JW Marriott convention hotel now envision a taller building, with a whole new look and a larger pricetag. The hotel would be 34 stories, up from 29, and the project would cost $425 million, up from...
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Premier plows forward on Venu

December 17, 2007
Comments(44)
A new site plan for the $750-million Venu project shows four anchor tenants: Whole Foods; Barnes & Noble; Arhaus, an upscale furniture retailer; and REI, an outdoor-gear superstore that would be new to...
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Farewell, Eastgate parking lots

December 11, 2007
Comments(19)
Here's the Lifeline Data Centers site plan for its reuse of the old Eastgate Consumer Mall. What do you think of the lake and walking trails? More

New life for Eastgate

December 7, 2007
Comments(37)
The long-vacant Eastgate Consumer Mall finally is getting a new tenant: a data-storage and web-hosting company. City officials are planning an 11 a.m. announcement today detailing an expansion for locally based...
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Your wish list?

November 30, 2007
Comments(55)
A final discussion question to consider today: What retailers, restaurants or development methods are missing from Indy? Plenty of new names are entering the market, and "green" building seems to be gaining...
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Your vision for Lucasville?

November 26, 2007
Comments(25)
The host of Property Lines, Cory Schouten, is on vacation this week. Meanwhile, the blog will feature discussion questions about Indianapolis real estate. Today's topic is the area surrounding Lucas Oil...
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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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