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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
New pet store will include hotel
May 8, 2007
Comment(1)A new PetSmart store opening soon at Trader's Point will be home to a 157-room PetsHotel, the first for
the chain in Indiana. The store is slated to open in June and will...
MoreTake Two: Old theater gets new life
May 7, 2007
Comments(3)A landscaping company is moving into the long-vacant former General Cinema theater at Lafayette Square Mall.
Mainscape Inc. has signed a temporary lease and is working on a long-term deal with Simon Property Group,
the mall’s owner. The company tore...
MoreDarden closing 7 Indiana restaurants
May 7, 2007
Comment(1)Apparently Darden Restaurants is no longer keen on the Hoosier dining scene. The Orlando, Fla.-based company
announced this weekend it's closing seven restaurants in Indiana, including Smokey Bones Barbeque and Grill
locations in downtown Indianapolis and Avon, and the just-opened...
MoreHotel proposed over Canal
May 4, 2007
Comments(14)A Kansas developer has proposed a hotel, restaurant and retail space that would form a bridge over the Central
Canal in the tradition of Ponte Vecchio in Florence, Italy (pictured). The plan...
MoreDon't cry for me, downtown eyesore
May 4, 2007
Comments(8)An Argentinian restaurant called Taste of Tango is moving into a vacant building along East Washington Street
downtown. The new owner, local real estate broker Fabricio Perez, has begun renovations and...
MoreNorth side retail nuggets
May 3, 2007
Comment(1)A new Yats restaurant has opened in Fishers, at 8352 E. 96th St. The Cajun and Creole favorite is next
door to a Blockbuster half a mile east of Interstate 69. The locally owned restaurant also has locations
on College...
MoreOffers pour in for Guaranty Building
May 3, 2007
Comments(0)The 98-year-old Guaranty Building on Monument Circle has attracted several prospective buyers, said Mike McMains,
who owns the property with John Barnard. The local entrepreneurs bought the 9-story, 100,000-square-foot building
at 20...
MoreBahama Breeze skips town
May 2, 2007
Comments(13)The popular island-themed restaurant along East 96th Street closed Friday, surprising many customers. A spokesman
for Orlando-based Darden Restaurants said the company closed 9 restaurants that weren't in the best locations
or performing...
MoreFirst Indiana Plaza for sale?
May 2, 2007
Comments(0)Property Lines is hearing the owners of First Indiana Plaza are considering a sale of the struggling skyscraper.
The 425,000-square-foot building is owned by New York-based Crown Properties Inc. The building's general manager,
Julie Clements, said today she has no...
MoreFrozen Custard on the Canal at last
May 1, 2007
Comments(0)Could it be? A long-promised Ritter's Frozen Custard and a coffee shop apparently are on schedule to open
later this month on the north end of the Downtown Canal. The $3.5-million renovation of...
MoreCity selling more Central State land
May 1, 2007
Comments(7)A development team that bought 115 acres at the former site of Central State Hospital may soon buy another
33 acres from the city, at a cost of $223,500. Sound cheap? Mike Higbee, president of Development Concepts
Inc. and one...
MoreCity welcomes real estate group
May 1, 2007
Comments(0)A few hundred of the nation's most influential real estate developers, brokers and investors are in town
this week for meetings at the Hyatt. The CCIMs, or Certified Commercial Investment Members, are meeting...
MoreFun with renderings
April 27, 2007
Comments(16)This is one of four proposed projects for an acre of state-owned land along the canal between Ohio and
New York streets. What do you think? Property Lines has been asking for...
MoreAfternoon kaffeeklatsch
April 26, 2007
Comments(4)What better way to wake you up on a rainy Thursday than with a little coffee news? Here goes: Borders
plans to transform its coffee shop and cafe downtown into a Seattle's Best Coffee, which is set to open
in...
MoreAlready regulars at Capital Grille
April 26, 2007
Comments(0)Indianapolis Downtown Inc. Director of Real Estate Terry Sweeney doesn't normally play favorites. But it's
a different story with Capital Grille. He's dined at the new restaurant attached to the Conrad Indianapolis
four nights in a row. Property Lines got...
MoreThe lure of tapas
April 25, 2007
Comments(6)How strong is it? The owners of a new BARcelona Tapas restaurant think it's strong enough to overcome a
risky downtown location at the northeast corner of Delaware and Ohio streets. The...
MoreYour turn: FBI project perplexes
April 24, 2007
Comments(2)The real estate community has been buzzing of late about the intrigue surrounding a new FBI field office
planned for Castleton. What do you think? As IBJ reported, the U.S. General Services Administration awarded
the $38-million project to a Missouri-based...
MoreDriving Tour: North Keystone
April 23, 2007
Comments(4)Even if you haven't driven North Keystone lately, you know the big story here is Glendale. Fences are up
and demolition has begun. Locally based Kite Realty Group is transforming the enclosed...
MoreMichigan Road land under contract
April 23, 2007
Comments(0)Development plans could be in the works for another large piece of land along Michigan Road. The 18-acre
North Park Masonic Lodge property at 5555 Michigan Road is under contract. The lodge is selling the property
without a broker. In...
MoreNo deal yet on JW Marriott
April 19, 2007
Comments(5)The city and two local developers still are working on an agreement for a $250-million hotel complex including
a JW Marriott near White River State Park. The parties had hoped to reach agreement by April 1. There are
no hangups...
MoreUpdate on Canterbury sale
April 17, 2007
Comments(0)Has anyone heard who might be interested in buying the Canterbury Hotel? IBJ reported this week that the
owners of the 99-room property are negotiating to sell. You can read our story here. Sources are telling
Property Lines...
MoreGood morning
April 17, 2007
Comments(2)We've officially launched IBJ's first blog. As you can see, it's called Property Lines. The topic is real
estate. The idea is to create a forum for real estate enthusiasts. I hope you'll help me make that happen,
by sending...
MorePeyton's Table
April 16, 2007
Comments(0)One of the toughest tables to land at the new Harry & Izzy's restaurant that opens today may be the spacious
booth between the kitchen and the bar, at least once people find out it's now known as Peyton's Table....
MoreCapital Grille getting local flavor
April 10, 2007
Comments(0)A new restaurant slated to open April 30 within the Conrad Indianapolis hotel will honor legendary Hoosiers
on its mahogany-paneled walls. The Capital Grille has commissioned portraits of eight prominent Indiana residents:
Indianapolis Motor Speedway savior Anton "Tony" Hulman Jr.;...
MoreHunting real estate prey
March 21, 2007
Comments(3)The retail real estate firm formerly known as The Linder Co. is creating buzz with a catchy new name. But
it's taking a little getting used to. During a recent phone interview, principal Scott Gray was halfway through
saying the...
More
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RKW's comments read like a modern "Chicken Little". As a Raintree resident for many years, "Yes, I'm ready for this." Matter of fact, I welcome The Farm because it's a development that compliments our town, brings new and desirable shopping & dining closer (specialty grocer, upscale shops, micro brew pub, etc), offers upscale condos for empty nesters who want to stay in Zionsville, is being planned and constructed by local, well-reputed firms and, of course, provides desirable non property tax benefits. We all knew the Pittman's were going to develop their property sooner than later. That one of the Pittman's will continue to live on the property helps assure The Farm will be everything promised. This also sets a standard for other developers as to the quality of future developments - which should keep an ugly Walmart at bay for decades. As we've no meglomaniac mayor, I seriously doubt Zionsville would ever aspire to over-priced statues or subsidized retail rents. And we already have a very nice public theater, the Zionsville Performing Arts Center, that meets our cultural needs quite nicely.
Do we add (or subtract) these from the bounty we recieve from RTWFL, Daylight Savings Time, corporate tax giveaways, and the crack job IEDC is doing?? Or is Mike going to blame these on Mitch?
Who makes Tater Tots? They would be a good sponsor, because $3 Million for the alleged "Greatest Spectacle In Racing" is taters. Tiny, tiny taters. But at least they are making up something of the losses accumulated over the years in this dying sport. Buttock in seat is certainly not doing it, nor eyeball on TV, as evidenced by the lack of both.
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.