Indianapolis Blog Posts

Green developer has $20M pipeline

February 4, 2008
Comments(5)
Is green development finally catching on in Indianapolis? The four owners of Casa Verde LLC certainly hope so. The company has plans for a $14-million, LEED-certified condo project in Columbus. In Indianapolis,...
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Old Centrum to close

January 31, 2008
Comments(38)
The Old Centrum is scheduled to close at the end of March, leaving an uncertain future for the former Central Avenue United Methodist Church at 12th and Central. The...
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LOS

January 25, 2008
Comments(9)
Here are some photos of the new Lucas Oil Stadium shot during a tour on Jan. 24. I was a guest of the Concord Business Association. Lucas  Oil  StadiumMore

When factories close, what's next?

January 23, 2008
Comments(12)
A Bloomington developer is planning a $20-million revival of the former Thomson Consumer Electronics plant on the city's near east side. The 50-acre Sherman Park property has become an eyesore since the...
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Holy condos! Look at Meridian Arch

January 22, 2008
Comments(36)
One of the city's most unique condo projects, a reuse of the former Meridian Street Methodist Episcopal Church at 802 N. Meridian St., is almost done. The first new residents of the...
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2 restaurants plan new locations

January 21, 2008
Comments(24)
Broad Ripple's Naked Tchopstix is expanding its original location and adding another along 96th Street. A new bar is scheduled to open this week at the Broad Ripple sushi hotspot....
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The demise of Damon's Grill

January 14, 2008
Comments(12)
The Indianapolis restaurateur who owns D'Vine Wine Bar and The Melting Pot has closed his two remaining Damon's Grill locations, at Southport Road and I-65, and along State Road 37 in Martinsville. Bennet...
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Conservancy plans 'green' HQ

January 11, 2008
Comments(25)
The Nature Conservancy has agreed to buy an old industrial property on the eastern edge of downtown to develop a new Indiana headquarters. The $4.5 million project will revitalize...
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Updates on downtown projects

January 9, 2008
Comments(19)
By popular demand, here are a few updates on new development projects: The Maxwell is coming out of the ground on schedule, but sales have been slow so far,...
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More closings, some temporary

January 8, 2008
Comments(19)
The Music Mill, a north-side restaurant, bar and concert venue, has temporarily closed its restaurant for a renovation. The box office remains open at the 82nd Street facility. Seven nightclub in Broad Ripple...
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Condos take shape atop building

January 7, 2008
Comments(26)
Construction has begun on a project that will add 18 condos and four penthouses to the top of a historic four-story office building at 429 N. Pennsylvania St. The project, dubbed...
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Going out of business

January 3, 2008
Comments(34)
Several stores are calling it quits at local malls. The highest profile is the Macy's at Washington Square. Other closings include Gap stores, a Limited Too and The Walking Co. Have...
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Finale underway for Piano Merchant

December 26, 2007
Comments(5)
The Piano Merchant is closing after almost 22 years in business at the corner of 54th Street and College Avenue. One of the three partners is ill and another...
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Bar & Grill replacing trophy shop

December 21, 2007
Comments(31)
Brothers Bar & Grill, a small Wisconsin-based chain, has filed plans to replace Broad Ripple Trophy Center at one of the neighborhood's most prominent corners, said Senior Planner Bryan...
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Premier plows forward on Venu

December 17, 2007
Comments(44)
A new site plan for the $750-million Venu project shows four anchor tenants: Whole Foods; Barnes & Noble; Arhaus, an upscale furniture retailer; and REI, an outdoor-gear superstore that would be new to...
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A greasy-spoon grudge match

December 13, 2007
Comments(24)
Long a staple in the South, Huddle House diners are beginning to pop up in Indiana. Can they outmatch Bud's Chili and Alice's Iced Tea over at Waffle House? The first Indianapolis-area...
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Future murky for Lafayette Square

December 12, 2007
Comments(39)
If Simon couldn't revive Lafayette Square Mall, what can be expected from an out-of-town company without the same mall experience? Simon Property Group is selling the 1.2 million-square-foot Lafayette Square Mall to...
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Ballard office gets free parking

December 12, 2007
Comments(32)
The cost of parking is one of the top reasons office space has been a tough sell downtown when compared to the suburbs. But it's not a problem if you're the mayor-elect....
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Farewell, Eastgate parking lots

December 11, 2007
Comments(19)
Here's the Lifeline Data Centers site plan for its reuse of the old Eastgate Consumer Mall. What do you think of the lake and walking trails? More

New life for Eastgate

December 7, 2007
Comments(37)
The long-vacant Eastgate Consumer Mall finally is getting a new tenant: a data-storage and web-hosting company. City officials are planning an 11 a.m. announcement today detailing an expansion for locally based...
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Houlihan's gets hip

December 4, 2007
Comments(45)
Kansas-based restaurant chain Houlihan's has inked deals for new diners at Castleton Square Mall and Hamilton Town Center and hopes to open two other restaurants in Plainfield and Greenwood. The chain also has...
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Your wish list?

November 30, 2007
Comments(55)
A final discussion question to consider today: What retailers, restaurants or development methods are missing from Indy? Plenty of new names are entering the market, and "green" building seems to be gaining...
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Five-o-clock, time for bar news

November 14, 2007
Comments(10)
An upscale martini bar and restaurant has signed a deal to take the anchor retail space at 757 Mass Ave, the luxury condo building at the southwest corner of Massachusetts and College avenues....
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Fresh Market rendering

November 8, 2007
Comments(32)
Several people have asked about renderings of the new Fresh Market at 54th and College. The best I can do for now is this color elevation. The top image is the view from 54th Street and shows the entrance for...
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Whole Foods and a retractable roof

October 27, 2007
Comments(18)
Premier Properties, the developer of Venu at 86th Street and Keystone Avenue, has acquired a 13-acre property across the street where another developer had planned to build a Whole Foods and condos. Premier...
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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