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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.
Indianapolis Blog Posts
Furniture chain eyes 3 Indy stores
July 6, 2007
Comments(4)A Chicago-based furniture store is planning three new locations in Indianapolis. Harlem Furniture has 16 stores
in Chicago and Northwest Indiana. The first central Indiana store, in Greenwood, replaces the old Frank's...
MoreIn the market for a gas station?
July 5, 2007
Comments(7)OK, probably not. But you may be interested to know that local BP stations will be getting a new name
soon. BP is selling 28 Indianapolis franchise locations, each of which will be...
MoreGet out your checkbooks
July 3, 2007
Comments(11)As first reported in Property Lines on May 2, the owners of First Indiana Plaza are considering a sale
of the struggling 31-story skyscraper. Who do you think will...
MoreUpdate: Foundry collapse
June 29, 2007
Comments(16)Workers this morning cleared away the rubble from the old Herron School foundry building along 16th Street.
It collapsed yesterday, possibly clearing the way for a deal that would provide...
MoreProperty tax moment of truth
June 28, 2007
Comments(20)Marion County will begin sending out property tax bills tomorrow, filling hundreds of mailboxes with bad news.
Homeowners are bracing for higher bills thanks in large part to the state's decision a...
MoreThoughts on skyscraper's new look?
June 27, 2007
Comments(19)The new facade for One Indiana Square was unveiled shortly before this blog began, so we haven't discussed
it yet. Here's your chance. The project to replace the storm-damaged facade has begun...
MoreCanal complex wins city incentives
June 26, 2007
Comments(9)A new apartment and retail complex along the canal has won a 10-year tax abatement worth $2.7 million. The
Cosmopolitan on the Canal project, by locally based Flaherty & Collins Properties, is...
MoreNew look for convention center
June 25, 2007
Comments(25)Locally based Ratio Architects this afternoon unveiled final plans for a 420,000-square-foot expansion of the
Indiana Convention Center. It includes 254,000 square feet of additional exhibit space, 63,000...
MoreFood news: Mexican, Cuban coming
June 25, 2007
Comments(3)Deals are in the works for two new restaurants downtown: a Mexican joint and a Cuban joint. Adobo Grill
is expected to complete a deal this week to take about 6,000 square feet...
MoreWalsingham parking hurdle cleared?
June 25, 2007
Comments(12)For about two years, a lack of parking has delayed a condo conversion at the historic Walsingham Apartments
(pictured here, courtesy of Indiana Historical Society) at Delaware and 16th streets. But now, an...
MoreBank leaving flagship corner
June 22, 2007
Comments(16)Flagstar Bank will likely vacate one of downtown's highest visibility corners, at Meridian and Washington streets,
later this year. Midland Atlantic is marketing the 3,500-square-foot space in 2 N. Meridian St. as an...
MoreJefferson Plaza revamp underway
June 21, 2007
Comments(7)Downtown's Jefferson Plaza is getting a facelift and a new name. Developer J. Greg Allen says he's talking
with three potential restaurants interested in opening on the first floor with outdoor dining...
MoreA new vision for Speedway
June 20, 2007
Comments(11)The Speedway Redevelopment Commission has unveiled its vision for the redevelopment of 400 acres bordered by
Main Street, Olin Avenue, and 10th and 16th streets. They're calling it The Speed Zone and want...
More4 beds, 2 baths and a billboard
June 19, 2007
Comments(11)If you've driven north on Delaware Street toward 16th, you've seen this billboard. But did you notice the
Herron-Morton home behind it? The house is for sale, and it's one of the most interesting listing I've seen
in a while....
MoreBonefish Grill in Avon closes
June 18, 2007
Comments(6)Is Indy losing its status as a chain-restaurant darling? Another popular restaurant has closed, this time
the Bonefish Grill in Avon. Other area Bonefish Grill restaurants remain open. The concept is owned by...
MoreProminent developer looking at Indy
June 15, 2007
Comments(8)The founder of the country's largest black-owned real estate firm, R. Donahue Peebles, spoke at the Madam
C.J. Walker Theater earlier this week. His company, Peebles Corp., has $4 billion in projects currently...
MoreTower House on Meridian
June 14, 2007
Comments(24)Here's a rendering for the $50-million project I wrote about yesterday. The Tower House on Meridian proposal
incorporates the existing Grain Dealers Mutual Insurance building along Meridian Street and would add a 14-story...
MoreBeat goes on at Verizon
June 14, 2007
Comments(4)Will the owners of Verizon Wireless Music Center find a buyer? So far, the answer is no. Several brokers
say the unofficial asking price of more than $40 million is...
MoreCity to review $50M project
June 13, 2007
Comments(25)A redevelopment proposal for the north end of downtown is up for zoning approval at 1 p.m. Thursday. If
developers can secure financing and city approval, the $50-million project would incorporate the...
MoreAround town retail roundup
June 13, 2007
Comments(10)Several new stores and restaurants have filed plans to open locations all over the city. Wherever you live,
chances are there's something coming nearby. North: The area's first location for salad-focused Tossed...
MoreOverhaul underway on IPS building
June 11, 2007
Comments(8)The administrative building for Indianapolis Public Schools is getting a $3.2 million overhaul to shore up
two levels of parking. Workers have removed the facade from most of the second and third floors
More
MoreFresh Market delayed but still a go
June 7, 2007
Comments(17)Since crews finished clearing the old Atlas Supermarket site in March, the corner has been conspicuously quiet.
The lack of construction work has helped fuel speculation that the deal for a Fresh...
MoreCollege leasing chunk of Lexington
June 7, 2007
Comment(1)A private college system plans to move into the Lexington project at Meridian and 12th Streets downtown.
Brown Mackie College has executed a lease for 25,000 square feet in the 1921 building that...
MoreD'vine move clears way for big project
June 5, 2007
Comments(4)Premier Properties has taken another step toward its ambitious plan for Woodfield Crossing. The company has
a deal to relocate D'vine A Wine Bar from an existing retail building on the Woodfield property to another
building it owns. 
More
MoreDeal in works for Hamaker building
June 4, 2007
Comments(9)Days could be numbered for an 85-year-old independent pharmacy at the northeast corner of Pennsylvania and
49th streets. The building that houses Hamaker Pharmacy, along with Cafe Patachou, D&Z Gifts, Meridian Heights
Cleaners and Corks Grocery, is up for sale....
More
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Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.
Yes. Blame those who were too lazy to go vote Obama out and those who voted him in again. That's my take on it. I know folks won't get it on the left. OK. Start berating me now!
Serioulsy, people are AGINST this project? Most communities would be salivating over a project like this. You'd rather have an empty eye-sore gas station and shacks posing as apartments? This project is exactly what BR needs. BUILD IT MR MAYOR. And yes, I am a BR resident, and have been for 20 years.
As a St. Vincent employee of over 20 years, I am saddened and disheartened by this announcement. Unfortunately, as the healthcare "industry" continues on this political and corporate path, all that St. Vincent Hospital has stood for spiritually for its employees and this community is being sucked dry. I know it truly has no choice. It is not just Obamacare or just competition or just any single thing. This trend started long before I was even born when the government became involved in healthcare and it became an "industry." I grieve for those who will lose their jobs, one of whom may be me, but I also grieve for this hospital which I have served for over 20 years. May God give us and it the grace to withstand the future of healthcare.
Why do people constantly harp on this issue and act ignorant about what a city population measures? A city's population is the city's population. There is no argument or debate about it. If you want to measure the density of a city--measure it. If you want to measure the size of a metropolitan area, then measure the metropolitan population. City boundaries cover different sized areas--and they always have (though the disparity has probably increased since about 1900 or so when more cities began annexing their surrounding communities). For example, San Francisco only covers 49 square miles while Houston cover nearly 600 square miles. No one argues about the population rankings of either city even though they clearly cover extremely different sized areas. Indianapolis is the 13 largest city by population in the U.S. That is a fact. While the population of a metropolitan area may give you a better sense of how large a community is, as noted, even metro areas can vary widely in the size of geographic area they cover--so that is not a perfect comparison either.