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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
Still under construction
August 13, 2007
Comments(9)A new headquarters for Gresk & Singleton Law Firm and Gresk Realty has been "coming soon" northwest of Delaware
and 10th streets for the better part of two years. What...
MoreSimon defending Fashion Mall turf
August 9, 2007
Comments(35)At least one local broker thinks Simon's plans to expand the Fashion Mall are a competitive jab at Premier
Properties, which is planning a mixed-use development called Venu southwest of the intersection of...
MorePlans take shape for IMA park
August 1, 2007
Comments(5)Contractors are laying the groundwork to start construction on the $50-million Virginia B. Fairbanks Art &
Nature Park at the Indianapolis Museum of Art. IMA has chosen a construction manager, The Hagerman Group,
and work is slated to begin in...
MoreCity selling Martindale land
August 1, 2007
Comments(7)City officials are seeking bids to redevelop 7.5 acres northeast of downtown in the Martindale neighborhood.
The property is the old Ertel Manufacturing plant at 2045 Dr. Andrew J. Brown Ave. The...
MoreGaming chain targets Indy
July 31, 2007
Comment(1)A California-based chain that sells videogames and gaming equipment has plans for at least two stores in
central Indiana. Play N Trade has filed plans for stores in Carmel and Indianapolis....
MoreMarian College plans new dorm
July 30, 2007
Comments(4)Marian College is about to add its first new student housing in more than 40 years. Construction is set
to begin this summer on a 78-rooms, 144-bed residence hall, designed by...
MoreHere comes Spicy Pickle!
July 27, 2007
Comments(9)A Denver restaurant chain named for the pickles that come on every plate wants to open 10 locations in
central Indiana. The 31-restaurant chain plans to begin construction on its first location...
MoreBeilouny buildings filling up
July 27, 2007
Comments(15)Beilouny Luxury Properties has lined up Tantrum, a new local clothing boutique, for its 757 Mass Ave building.
The company also has been talking with several restaurants about taking an...
MoreFive Guys has big Indy plans
July 26, 2007
Comments(17)Five Guys Famous Burgers and Fries has filed plans for a new restaurant near Greenwood and is looking for
10 more locations in Marion County. The chain also is preparing to open...
MoreWest Merrill sketch rendering
July 25, 2007
Comments(22)By popular demand, here's the other rendering of West Merrill Tower. You can also see it here. This is the side of the building
that would face downtown:
MoreMarsh drops abatement request
July 24, 2007
Comments(14)Marsh Supermarkets has withdrawn a request for a five-year tax abatement for renovation of the downtown O'Malia's
store. Marsh officials notified the city Tuesday, shortly after Property Lines reported on the...
MoreAnother hotel tower proposed
July 24, 2007
Comments(20)A development team including locally based Prince/Alexander Architects has filed plans to build a 24-story
tower between Eli Lilly & Co.'s Faris Campus and Lucas Oil Stadium. The $47-million project calls...
MoreSkating Academy wins extension
July 23, 2007
Comments(12)The Indiana Worlds Skating Academy has agreed to a 9-month lease extension for its space at Pan Am Plaza.
The organization will remain downtown at least until April 2008, said Academy Executive Director...
MoreSizzling malls add more new stores
July 19, 2007
Comments(19)North-siders are set to get even more shopping and dining options in the coming months. Several new retailers
have filed plans to open new stores in the Fashion Mall at...
MoreNew owners taking over Canterbury?
July 18, 2007
Comments(3)Downtown's historic Canterbury Hotel apparently has been sold. An announcement of the deal for the 12-story
hotel at 123 S. Illinois St. is scheduled for Monday. At a gathering of Wholesale District...
MoreAnother local retailer closing
July 18, 2007
Comment(1)Karstadt Reed Cleaners, an institution on North Illinois Street since 1898, will close later this month. Steve
Stevenson, the owner for 45 years, says business has been "pretty bad." The company is known...
MoreWhat next for Old City Hall?
July 17, 2007
Comments(32)The Department of Metropolitan Development is seeking two independent appraisals of Old City Hall, the historic
building that has housed the State Museum and now houses the interim Central Library. In...
MoreImpasse over Crown Hill
July 17, 2007
Comments(23)Four months have passed since neighborhood pressure helped defeat a second proposal to develop 70 acres at
the north end of Crown Hill Cemetery. A partnership of environmental groups including Indy...
MoreTake a tour of Glendale
July 13, 2007
Comments(23)Property Lines recently took a tour of the Glendale Mall construction site and got an update on progress.
Check out a photo gallery of the tour and the latest rendering More
2 local businesses bid farewell
July 12, 2007
Comments(2)A couple of prominent local businesses have shut down in recent weeks. Corner Gourmet at 1474 W. 86th St.
apparently has closed. The phone numbers for both the shop and owner...
MoreDeveloper offers big bucks for homes
July 12, 2007
Comments(14)A developer is negotiating individually with 77 condo owners to buy a community called Lakes at the Crossing
that sits near the Fashion Mall. Gershman Brown & Associates has...
MoreThoughts on KB's exit?
July 11, 2007
Comments(12)More bad news on the housing front, as KB Home says it's bailing on Indianapolis. How big of a loss is
it? KB entered the market in 2004 with...
MoreConsolidated sale put on hold
July 10, 2007
Comments(6)The vacant 15-story Consolidated Building at 115 N. Pennsylvania St. was listed for sale with a $6.5-million
pricetag yesterday until the owners pulled it off the market, ostensibly to focus on trying...
MoreNew name for tower: M&I
July 9, 2007
Comments(3)Milwaukee-based M&I Bank has no plans to vacate a 31-story skyscraper in downtown Indianapolis after acquiring
its namesake, First Indiana Bank, the CEOs of both companies said today. First Indiana recently renewed...
MoreBose move to Chase Tower is official
July 6, 2007
Comment(1)The long-rumored move for Indianapolis law firm Bose McKinney & Evans is a done deal. The firm plans to
take 111,000 square feet of space in Chase Tower, a big expansion over its current 80,000-square-foot space
in First Indiana Plaza....
More
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Doug Henning!
These guy were thugs — they grew up in freaking Haughville! Smh, sigh. If the mayor needs/wants "quality" Black Hoosiers who are NOT corrupt, give me a call — I know plenty. Land bank info here - http://www.kubepharm.com/indylandbank/IndyLandBank.html
Magician and illusionist!
The basic idea of nice apartments with parking and retail is a good one, but this design seems overwhelmingly big/tall for Broad Ripple. The size could be disguised a bit with lots of big trees/landscaping, but the complex is too massive to blend in easily. That section of canal between College and Westfield will also need to be upgraded on both sides. Nice apartments facing onto a nice promenade with shade trees/plantings could bring together the canal towpath/Monon recreation, the outdoor seating at existing restaurants, and this project into something that upgrades the whole area. A plan for the whole stretch makes more sense than facing nice new housing onto what looks like a ditch. Is there a plan? Does the public have input? Who pays? The apartment idea seems to be reasonable, but Whole Foods is not a good idea for appropriate retail. Besides the store being physically too big, there are already Fresh Market at 54xCollege and Whole Foods in Nora for fancy groceries. Good Earth and Kroger are within walking distance of the Shell site. There are at least 7 grocery stores within a safe bike ride. Whole Foods would add nothing but traffic congestion. This design is on the right track, but there needs to be more work done to ensure that it blends in with and enhances the existing community. A project that large will set a tone for that whole part of town. It could be a real asset, but only if done right.
I did not move to Zionsville to live in Carmel. This and the subsequent developments to follow will ensure a vanilla uniformity of strip malls and apartment buildings as we seek to bring our town down to the least common denominator. We were warned before recent elections that pro-development council members would make sure their friends (landowners and developers) would be able to make their millions off of the exploitation of Zionsville. Why in God's name would we sell out the best preserved small town in the State of Indiana?