Indianapolis Blog Posts

New pet store will include hotel

May 8, 2007
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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...
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Take Two: Old theater gets new life

May 7, 2007
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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...
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Darden closing 7 Indiana restaurants

May 7, 2007
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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...
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Hotel proposed over Canal

May 4, 2007
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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...
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Don't cry for me, downtown eyesore

May 4, 2007
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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...
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North side retail nuggets

May 3, 2007
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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...
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Offers pour in for Guaranty Building

May 3, 2007
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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...
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Bahama Breeze skips town

May 2, 2007
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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...
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First Indiana Plaza for sale?

May 2, 2007
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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...
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Frozen Custard on the Canal at last

May 1, 2007
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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...
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City selling more Central State land

May 1, 2007
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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...
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City welcomes real estate group

May 1, 2007
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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...
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Fun with renderings

April 27, 2007
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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...
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Afternoon 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...
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Already regulars at Capital Grille

April 26, 2007
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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...
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The lure of tapas

April 25, 2007
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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...
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Your 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...
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Driving Tour: North Keystone

April 23, 2007
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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...
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Michigan Road land under contract

April 23, 2007
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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...
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No 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...
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Update on Canterbury sale

April 17, 2007
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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...
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Good 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...
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Peyton's Table

April 16, 2007
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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....
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Capital Grille getting local flavor

April 10, 2007
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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.;...
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Hunting 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...
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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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