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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.
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...
MoreWedding 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...
MoreOffers 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...
MorePan 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...
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...
MoreIs 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...
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...
MoreNew 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...
MoreFive 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...
MoreTax 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...
MoreA 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...
MoreKIB 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...
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...
More500 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...
MoreOffice 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...
MoreHistoric roller rink for sale
May 18, 2007
Comments(11)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....
MoreLive 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...
MoreWhat 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...
MoreDowntown 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...
MoreYour 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...
MoreTarget 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...
MoreKosene 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.
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.
More
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We loved lakehouse and think the Arbor Village would be a great location. It is less than 2 miles from over 1000 rooftops in the 225,000 to over 1 million range. Many people could use the great fishers trail system to bike or walk there. Just an idea Scotty -- but maybe something closer to 3 Wiseman would good. The only microbrew in area is Ram (boring)
True, it's an ESPN production, but ESPN is just another name for ABC Sports, or what used to be ABC Sports since ABC Sports no longer exists as a name. ESPN=ABC Sports= ESPN. ESPN is, according to Forbes "the world's most valuable media property" worth $40 billion. Despite that, they fired 400 people this week.
The Prestige was a great flick.
Larry - even though the race is on ABC, ESPN does all of the work, so that is why ESPN is mentioned. Most sports on ABC are called something like "ESPN on ABC."
My oldest daughter graduated from IU with a Secondary Education degree. She graduated with honors and spent 3 years trying to find a teaching job in Indiana. Many of her fellow education degree graduates still don't have teaching jobs. As schools downsize and cut budgets, less teaching jobs are available. I'm not sure I see why we feel the need to bring more teachers to Indiana.