Downtown Blog Posts

Another delay for MSA

September 4, 2007
Comments(23)
Hopes for a quick decision on who will redevelop the Market Square Arena site are quickly fading. City officials had promised a decision by July at the latest, but the political climate...
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Wedding Cake, Anyone?

August 29, 2007
Comments(10)
One of Indy's most unique houses is up for sale, with an asking price of $449,900. The Wedding Cake House, built in 1873, has been home to the central regional office...
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Offers pour in for First Indiana Plaza

August 28, 2007
Comments(10)
A sluggish real estate market hasn't deterred investment groups interested in owning the 31-story First Indiana Plaza. Brokers say the New York-based owners of the struggling skyscraper have received about 10...
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Pan Am sale called off

August 27, 2007
Comments(5)
A Texas company has terminated its contract to buy Pan Am Plaza because of turmoil in the credit markets. Principle Equity Management had hoped to build a $50 million restaurant and...
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Scotty'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...
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Is this photo illegal?

August 8, 2007
Comments(33)
Should it be against the law to photograph the City-County Building? Some in Indianapolis law enforcement think so. The IBJ photographer was told today that taking pictures of the building is a...
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A 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...
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At 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...
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New Pan Am owner has retail plans

July 30, 2007
Comments(28)
A Houston firm has agreed to buy Pan Am Plaza's office building, skating rinks and the plaza itself. The company, Principle Equity Management, is planning a low-rise, restaurant-anchored development that would...
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Five Guys has big Indy plans

July 26, 2007
Comments(17)
Five Guys Famous Burgers and Fries has filed plans for a new restaurant near Greenwood and is looking for 10 more locations in Marion County. The chain also is preparing to open...
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Tax abatement on Aisle 5

July 24, 2007
Comments(13)
Marsh Supermarkets is hoping for final approval next month of a five-year tax abatement worth about $50,000 for a renovation of its downtown O'Malia's store. The company plans to invest $1.5 million...
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A racy redesign

July 19, 2007
Comments(10)
Check out the new look for the former Junior Achievement building at 21 Virginia Ave. The office building is getting a new name, 500 Festival Building, along with a renovation in...
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KIB getting new headquarters

July 16, 2007
Comments(4)
Keep Indianapolis Beautiful is planning to renovate a vacant industrial building in Fountain Square to serve as its new headquarters. The not-for-profit will seek LEED certification for the 25,000-square-foot building...
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Hurry 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...
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Developer 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...
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500 Festival moving downtown

June 28, 2007
Comments(4)
The nonprofit volunteer organization that puts on the 500 Festival Parade and other events is moving its headquarters to an office building downtown. 500 Festival plans to move its operations to 21...
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Office market musical chairs

May 24, 2007
Comments(2)
The Indiana Supreme Court, Court of Appeals and Tax Court have signed a letter of intent to move their offices to space formerly occupied by Eli Lilly & Co. at 30 S. Meridian. They're leaving National City Center. The courts...
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Historic roller rink for sale

May 18, 2007
Comments(14)
The former Rollerland skating rink, which also once served as a car dealership, is up for sale. The 1928 building at 922 N. Pennsylvania St. is part of a block of four properties owned by Master Glass & Color Inc....
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Live next door to The Distillery

April 30, 2007
Comments(9)
Plans are in the works for a residential and retail project on a state-owned parking lot between Indiana Avenue, Capitol Avenue and Vermont Street, IBJ reported this weekend. Two groups bid for the three-quarters-of-an-acre parcel, and the winner includes Jim...
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What you crave

April 20, 2007
Comments(3)
Never fear, White Castle fans. The downtown location at 16th and Illinois streets, which is closed and surrounded by a fence, apparently will soon serve sliders again in a shiny new White Castle building with nicer landscaping. Changes are coming...
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Downtown getting home shops

April 20, 2007
Comments(6)
People living downtown won’t have to wait for a proposed Target to go home shopping closer to home. Carson Pirie Scott is renovating 25,000 square feet of its space on the third floor of Circle Centre mall for a new...
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Your turn: MSA

April 18, 2007
Comments(16)
Only two teams are competing to redevelop the Market Square Arena site, fewer than many had expected. Both proposals call for mid-rise projects that would include retail and residential components. Check out the renderings and more details below. What does...
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Target proposed for MSA site

April 18, 2007
Comments(20)
A partnership of Hearthview Residential, Mansur Real Estate Services, Lauth and Venture Real Estate has proposed a complex including a 14-story tower along with a Target store, office space and condos for the...
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Kosene pitches towers

April 18, 2007
Comments(15)
A $130-million retail and residential complex with two towers on either side of Market Street is one of the proposals expected today for redevelopment of the Market Square Arena site. Proposals are due at noon.Chase...
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                           <h2><a href="/msas-big-day/PARAMS/post/1193">MSA
April 18, 2007
Comments(0)
Bids for redevelopment of the Market Square Arena site are due at noon today. Who will file? What will they propose? Share your thoughts here, and check ibj.com and this blog for updates all day.
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