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...
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In 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...
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Get 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...
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Update: Foundry collapse

June 29, 2007
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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...
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Property 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...
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Thoughts 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...
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Canal 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...
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New 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...
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Food news: Mexican, Cuban coming

June 25, 2007
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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...
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Walsingham 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...
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Bank 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...
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Jefferson 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...
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A new vision for Speedway

June 20, 2007
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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...
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4 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....
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Bonefish 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...
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Prominent 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...
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Tower 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...
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Beat 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...
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City 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...
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Around 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...
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Overhaul 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 floorsJohn  Morton-Finney  CenterMore

Fresh 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...
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College 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...
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D'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

Deal 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....
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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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