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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
Student-housing tower planned
November 14, 2007
Comments(20)A team of local developers is hoping to build a 550-bed, 16-story apartment tower near the IUPUI campus.
The $40 million project, dubbed Paramount Tower, would target the lucrative student-housing market....
MoreCatching up: Simon honored
November 12, 2007
Comments(21)The Simon Property Group Headquarters took top honors at Keep Indianapolis Beautiful's A Monumental Affair
awards last week. The 30-year-old contest honors the city's best architecture, development and construction.
Last year's top...
MoreA downtown transformation
November 9, 2007
Comments(72)A development team is finalizing plans for a $480 million mixed-use project that calls for condos, as many
as three hotels, a theater and 175,000 square feet...
MoreNew life at 71st and Binford
November 8, 2007
Comments(15)The once-blighted corner of 71st Street and Binford Boulevard continues to attract redevelopment attention,
thanks in large part to the efforts of neighborhood group Binford Redevelopment And Growth, or BRAG. Developers
plan to...
MoreA new 'Landmark' in Lockerbie
November 5, 2007
Comments(14)A local developer hopes to break ground next month on an $11.5-million condo project along East Street between
Ohio and New York streets. Landmark of Lockerbie would feature 16 loft units,...
MoreUpdate on the Circle Truss
November 2, 2007
Comments(77)What do you think of the Circle Truss proposal? The 280-foot-tall, $10-million stainless steel structure, designed
by Kevin K. Parsons & Associates Inc., would be lined with LED lights lit with colors...
MoreA wildlife-friendly business park
October 30, 2007
Comments(17)Holladay Properties and the Indiana Wildlife Federation plan to dedicate the state's first "Certified Wildlife-Friendly
Development" at an event tomorrow. The 1,500-acre AmeriPlex Business Park, southwest of the Airport, won the
designation by...
MoreSaxony map features upscale tenants
October 26, 2007
Comments(29)Is it a wish list, or are some of the nation's top retailers eyeing the Saxony project in Hamilton County?
Some big names, including Lacoste, North Face and Polo, appear on a map...
MoreWestfield's booming growth
October 25, 2007
Comments(37)The 19-square-mile, 24,000-population town of Westfield could balloon to 56 square miles and 110,000 people
in the next several years. More than 11,000 new homes are in the works. And the residential rush...
MorePenn Centre at street level
October 18, 2007
Comments(30)Here are two street-level renderings of Penn Centre, courtesy of Browning Day Mullins Dierdorf. The first
shows the Omega Building along Maryland Street, and the second is a view from Pennsylvania Street. These
still are early concepts and the developers...
MoreThese colors don't run
October 17, 2007
Comments(14)Work on the renovation of Jefferson Plaza (soon to be Allen Plaza) began this week as construction workers
raised an Allen Commercial Group flag over the plaza. It replaces a worn-out state...
MoreDeveloper drops pursuit of condos
October 10, 2007
Comments(8)A local developer has dropped its effort to buy out 77 condo owners southeast of 86th Street and Keystone
Avenue, at least for now. Residents of the condo development, Lakes...
MoreThoughts on Ralston Square?
October 7, 2007
Comments(30)Here are two renderings of the proposed Ralston Square project. The $60 million South Street project, named
in honor of the original planner for Indianapolis, would feature a 150-room hotel, 55 condos, a 617-space
parking garage and 41,000 square feet...
MorePenn Centre, in color
October 4, 2007
Comments(44)What do you think of the latest rendering of Penn Centre? The plans, designed by Browning Day Mullins Dierdorf,
call for a 240-room Le Meridien hotel, 150-room aloft hotel,...
MorePenn Centre wins approval
October 4, 2007
Comments(18)The Indianapolis Historic Preservation Commission gave its unanimous approval last night for Penn Centre, a
massive hotel, residential and restaurant development across from Conseco Fieldhouse. The next step is to add
more...
MoreR.I.P. Marquis Tower?
October 3, 2007
Comments(20)A 24-year-old's dream for a twisting downtown apartment tower has run into a brick wall. Jaron Garrett couldn't
raise enough money to exercise contracts on the run-down properties he had hoped to...
MoreVenu taking 'green' to new level
September 21, 2007
Comments(38)Check out this new rendering of Venu from locally based Premier Properties USA Inc. The company plans to
build the 2.3-million square foot project at the southwest corner of 86th and Keystone....
MoreLockerbie Park phase 2 on hold
September 5, 2007
Comments(48)The foundations and garage slabs are in place for the next phase of Lockerbie Park, but construction is
on hold for now. The project at College and Michigan streets has not sold...
MoreScotty's looking downtown
August 16, 2007
Comments(8)Scotty's Brewhouse, the Indiana college town institution, is working on plans for new restaurants in downtown
Indianapolis, Chicago and Charlotte, N.C. The restaurant would like to locate at Pan Am Plaza, said...
MoreA brand-new Maxwell rendering
August 7, 2007
Comments(42)Kosene & Kosene has begun construction on its latest downtown project, the 105-unit Maxwell. The six-story
building sits along Ohio Street between Park and East streets and will feature condos starting at...
MoreAt last: Penn Centre rendering
August 3, 2007
Comments(47)Here's a preliminary rendering of the Penn Centre development planned along Pennsylvania Street between Maryland
and Georgia streets. The J. Greg Allen project is being designed by locally based Browning Day Mullins...
MorePremier project gets a name: Venu
August 3, 2007
Comments(24)Premier Properties has unveiled some of the details of its $750-million plan for a huge mixed-use development
at the southwest corner of 86th and Keystone Avenue. The project is called Venu, a...
MoreDeveloper offers big bucks for homes
July 12, 2007
Comments(14)A developer is negotiating individually with 77 condo owners to buy a community called Lakes at the Crossing
that sits near the Fashion Mall. Gershman Brown & Associates has...
MoreHurry up and wait for MSA
July 6, 2007
Comments(12)City officials gave developers a tight, two-month time frame to come up with a second round of proposals
to redevelop the Market Square Arena site. The RFP was issued Feb. 21, and...
MoreDeveloper envisions Penn Centre
July 2, 2007
Comments(25)Plans are taking shape for a major hotel, residential and restaurant development across from Conseco Fieldhouse.
South-side developer J. Greg Allen is proposing a project that would stretch from Maryland Street to...
More
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So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.
Owner occupied housing. Clear enough?
So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.
Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.
RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.