Downtown Blog Posts

Dunkin Donuts angling to take over Bonjour building

June 2, 2010
Comments(46)
Dunkin Donuts and Baskin-Robbins could soon take over the former home of Bonjour Cafe & Bakery at Meridian and 24th streets if the owner wins city approval to add a drive-through.
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Restoration work begins for Old Northside landmark

March 1, 2010
Comments(4)
Historic Landmarks Foundation of Indiana has taken over the Romanesque Revival former church known as Old Centrum along Central Avenue at 12th Street.
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Downtown shakeup: Tea Cozy closes, Sahm's moves, Urban Elements expands

February 25, 2010
Comments(12)
Check out a roundup of big changes for the downtown restaurant scene including Tea Cozy, Sahm's and Urban Element, plus a new fitness option at the Majestic Building.
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City Market proposals: Microbrewery, bicycle hub, agriculture showcase

January 18, 2010
Comments(26)
Six groups are vying to lead a redevelopment effort for the struggling Indianapolis City Market. Check out summaries of each of the proposals.
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Developer plans expansion of Riley Towers apartments

January 12, 2010
Comments(15)
The owner of downtown's Riley Towers apartments is working on plans for a 5-story expansion at 225 E. North St. that would add 54 apartment units and more than 4,000 square feet of retail space.
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Developer eyes Penn Centre as it wraps up Allen Plaza

November 19, 2009
Comments(4)
Allen Commercial Group is offering for sale the first of 30 condos in its flagship nine-story Allen Plaza building along Pennsylvania Street downtown. And the firm is working on a phasing plan for its much-larger Penn Centre proposal.
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Around town retail roundup

November 17, 2009
Comments(16)
Check out some of the latest comings and goings among Indianapolis restaurants and retail shops, including a new bar in downtown's 3Mass, Hot Box planning a new location and a wine shop headed to Fishers.
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Construction begins on downtown condo project

November 11, 2009
Comments(16)
Construction has finally begun on a condo conversion of an historic 5-story building known as The Shelton.
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The Nature Conservancy sets green example with new HQ

November 6, 2009
Comments(9)
The Nature Conservancy's new $10-million headquarters has enough environmentally friendly features to qualify for the highest level of LEED certification.
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Group plans to auction relics of downtown architecture

November 4, 2009
Comments(6)

The city has agreed to hand over architectural artifacts from a landmark downtown building to a historic preservation group.

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IBJ Media seeking approval for new projecting sign

November 2, 2009
Comments(7)
The parent company of IBJ has filed plans to add a new sign with an electronic-message component outside the newspaper's headquarters at 41 E. Washington St.
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Trustee seeks bids for former Fall Creek YMCA branch

October 28, 2009
Comments(3)
The owner of the vacant former Fall Creek YMCA along West 10th Street is seeking bidders interested in tearing down and redeveloping the prime 2-acre site at 860 W. 10th St.
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Demand is steady for Maxwell Apartments

October 27, 2009
Comments(5)
Locally based Barrett & Stokely Inc. has taken over management of The Maxwell Apartments downtown at 530 E. Ohio St. The community already is about 50 percent occupied.
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Yats opening new concept near Central Library

October 21, 2009
Comments(16)
Yats plans to open a new restaurant and bar concept in the first floor of the The Ambassador apartment building next to the Central Library.
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New coffee shop named for Fletcher Place founder

October 20, 2009
Comments(9)
Local investors have opened a new coffee shop in Fletcher Place they plan to turn into a not-for-profit to raise money for local charities.
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New Circle Centre display promotes Indy attractions

October 5, 2009
Comments(10)
A formerly lifeless stretch of wall on the northern edge of Circle Centre mall is now an engaging tribute to three of the city's most notable attractions.
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Renovation planned for former Buick showroom

September 30, 2009
Comments(15)
Builder and developer Shiel Sexton is renovating an historic former Buick showroom that most recently served as a self-storage facility into LEED-certified office space.
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Regions Bank joins skyline

September 29, 2009
Comments(10)
The Regions name and logo are joining the city's skyline atop One Indiana Square.
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Developer plans student housing along canal

September 25, 2009
Comments(23)
A local developer has filed plans to build a new apartment complex designed for college students a few blocks east of the Central Canal.
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Fountain Square getting a new fountain

September 4, 2009
Comments(6)
Fountain Square is getting a new fountain in a project that's been in the works for more than a decade.
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Downtown apartment complex to expand

September 1, 2009
Comments(12)
The developer of The Waverley apartments downtown has filed plans to expand the complex at 151 S. East St. thanks to high demand for one-bedroom units.
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Kilroy's will soon be here

August 31, 2009
Comments(0)
The former home of Smokey Bones Barbeque and Grill at 201 S. Meridian St. is getting a new tenant after sitting vacant for more than two years. The Bloomington institution Kilroy's plans to open a new location in the 8,700-square-foot space.
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Jack eyes 16th & Meridian

August 21, 2009
Comments(38)
Burger chain Jack in the Box is working on plans to open its first Indiana restaurant along Meridian Street just south of 16th Street. The chain has worked up preliminary plans to build on about an acre south of the new CVS pharmacy, brokers said.
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Deal to save winged canopy

August 11, 2009
Comments(24)
A compromise between an historic preservation group and a local business owner will save an iconic "bat-wing" canopy outside a downtown gas station.
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Former jail up for sale

July 27, 2009
Comments(44)
The owner of a former Community Corrections jail facility at the southwest corner of Delaware and Maryland streets has put the building up for sale,...
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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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