Downtown Blog Posts

Dunkin may replace Panda

November 1, 2007
Comments(24)
A shakeup continues for street-level retail on Washington Street downtown. Panda Express plans to close its store in the former Roselyn Bakery at Washington and Pennsylvania streets, and a deal is...
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Furs, golf, fitness and Whac-A-Mole

October 31, 2007
Comments(15)
A couple of nuggets from recent development plans: Making Way for Venu: Another Woodfield Centre tenant is moving to make way for redevelopment. Elan Furs has filed plans to take space in Clearwater Shoppes...
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How much is this land worth?

October 30, 2007
Comments(15)
State officials are challenging a $7-million assessment for a 2.3-acre parking lot sandwiched between the RCA Dome and Lucas Oil Stadium. The state has launched eminent domain proceedings, and the owner isn't...
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Brokerage firm buys building

October 24, 2007
Comments(27)
A local brokerage firm that specializes in foreclosed properties is moving its headquarters from North Meridian to a 6,700-square-foot office building at 1236-1238 Pennsylvania St. Wynkoop Brokerage bought the building shown...
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Deflating the Dome

October 22, 2007
Comments(10)
Demolition crews will begin letting air out of the RCA Dome as early as next spring. Deflating and removing the Dome's fabric roof is the first step of a five-month demolition process,...
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Cultural Trail takes shape

October 22, 2007
Comments(22)
How much will the Indianapolis Cultural Trail affect real estate downtown? What do you think of it? The $50-million bike and pedestrian path eventually will connect downtown's five cultural districts. Funding comes...
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Penn 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...
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Drumroll, please: Buggs to open

October 11, 2007
Comments(21)
Three dining options at Buggs Temple are scheduled to open Oct. 19. They include Tavern at the Temple, Buggs Grille and Cornerstone Coffee House. Staff training is scheduled to begin tomorrow and...
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Thoughts 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...
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Penn 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,...
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City denies Bush Stadium reports

October 4, 2007
Comments(9)
The city has not decided whether to tear down Bush Stadium, spokeswomen for the mayor and the Department of Metropolitan Development said this afternoon, denying news reports. WTHR reported on its Web...
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Penn 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...
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A cleaner Canal

October 3, 2007
Comments(18)
The city has agreed to pay a Kokomo company up to $423,000 to clean the Central Canal from 11th Street to the White River. The deal with biosolids management firm Merrell Bros....
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Fleeing the ... suburbs?

October 2, 2007
Comments(18)
August Mack Environmental said today it will move its corporate headquarters from Castleton to downtown's Lexington at Meridian. The Indianapolis-based environmental consulting company plans to take 16,200 square feet in the former home...
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Skewers of meat and more

October 1, 2007
Comments(22)
A few nuggets to break up an otherwise slow day for real estate news: All-You-Can-Eat Meat: The deal is done to bring the upscale Brazilian Steakhouse Fogo de Chão (fo-go dèe shoun, or fire...
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Developers pitch Meridian Street infill

October 1, 2007
Comments(16)
Two local developers have plans to replace downtown parking lots along Meridian Street with new mixed-use buildings. Jupiter Land Group, headed by restaurateur Rick Coombes, wants to build a five-story retail...
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IPS pledge: Fence is temporary

September 28, 2007
Comments(17)
The second- and third-floor parking levels of the Indianapolis Public Schools headquarters will remain surrounded on three sides by a chain-link fence at least until the spring, a school district official said today....
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Foot Locker taking Flagstar space

September 24, 2007
Comments(19)
Foot Locker has filed plans to open a 3,300-square-foot store at the corner of Meridian and Washington streets downtown. The space currently is home to Flagstar Bank, which plans to move to...
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WFYI's new headquarters

September 20, 2007
Comments(10)
WFYI plans to break ground this morning on an expansion of its new headquarters building. The public broadcaster is moving into the former Vectren Building at 1630 N. Meridian St. WFYI will...
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Restaurant rumblings: Brazilian

September 19, 2007
Comments(14)
At least two more Brazilian steakhouse concepts are looking to open new restaurants in Indianapolis, brokers say. The first to debut locally, Brazilian Grill, opened a few months ago at 86th Street...
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Mass Ave building for sale

September 19, 2007
Comments(14)
The Massala Building on Massachusetts Avenue has been listed for sale. The 36,000-square-foot building is home to MacNivens Restaurant & Bar and is next door to the site of 3 Mass, a...
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Nightclub eyes Union Station

September 18, 2007
Comments(30)
The city has reached a preliminary agreement to lease 12,600 square feet in the basement of Union Station for a new restaurant and nightclub. The lease is with The Arantee Group, one...
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Post-fire restoration underway

September 13, 2007
Comments(18)
In the discussion about Jaron Garrett's plans for Washington and Pennsylvania streets, someone asked about 38 E. Washington St. The building burned earlier this year, and now is being...
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Lockerbie 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...
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Farewell, mediocre pizza buffet

September 4, 2007
Comments(19)
At the top of a lunch-time retail roundup: Downtown's Bearno's Pizza has closed and will be replaced by Flagstar Bank. A sign on the door says to look for Bearno's elsewhere in...
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  4. The question is, where could they build a new stadium? It seems in the past year, all the prime spots have been spoken for with potential projects. Maybe in the industrial wasteland area a block past Lucas Oil? I think it needs to be close to the core, if a new stadium is built.

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