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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.
MSA Blog Posts
City Market proposals: Microbrewery, bicycle hub, agriculture showcase
January 18, 2010
Comments(26)Six groups are vying to lead a redevelopment effort for the struggling Indianapolis City Market. Check out summaries of each
of the proposals.
MoreNew mayor, now what?
November 7, 2007
Comments(43)Real estate developers today are trying to sort out the implications of a major upset in the mayor's race.
The mayor-elect, Republican Greg Ballard (pictured), didn't reveal much about his philosophy on...
MoreAnother delay for MSA
September 4, 2007
Comments(23)Hopes for a quick decision on who will redevelop the Market Square Arena site are quickly fading. City officials
had promised a decision by July at the latest, but the political climate...
MoreOpen thread: What's happening?
August 9, 2007
Comments(37)Your Friday gift: An open thread to discuss whatever real estate topics are on your minds. Fashion Mall?
MSA? Penn Centre? The new BMW ad on this blog? We're classin' it...
MoreHurry up and wait for MSA
July 6, 2007
Comments(12)City officials gave developers a tight, two-month time frame to come up with a second round of proposals
to redevelop the Market Square Arena site. The RFP was issued Feb. 21, and...
MoreCurious price estimates?
April 25, 2007
Comments(0)A self-imposed MSA moratorium begins after this post. But I can't help but ask: How is it that the taller,
more ambitious proposal for the Market Square Arena site costs $20 million less? The $130-million proposal
for MSA calls for...
MoreTaxpayers' MSA price uncertain
April 24, 2007
Comment(1)Neither of the teams hoping to redevelop the Market Square Arena site mention a specific figure for city
incentive in documents filed with the city, but both say they need public money to make their projects work.
In the $150-million...
MoreOffice Space, anyone?
April 19, 2007
Comment(1)There's plenty available. New numbers from Colliers Turley Martin Tucker show office vacancy rates all over
the city rose in the first quarter of 2007. Downtown's vacancy rate took a beating again, rising...
MoreYour turn: MSA
April 18, 2007
Comments(16)Only two teams are competing to redevelop the Market Square Arena site, fewer than many had expected. Both
proposals call for mid-rise projects that would include retail and residential components. Check out the renderings
and more details below. What does...
MoreTarget proposed for MSA site
April 18, 2007
Comments(20)A partnership of Hearthview Residential, Mansur Real Estate Services, Lauth and Venture Real Estate has proposed
a complex including a 14-story tower along with a Target store, office space and condos for the...
MoreKosene pitches towers
April 18, 2007
Comments(15)A $130-million retail and residential complex with two towers on either side of Market Street is one of
the proposals expected today for redevelopment of the Market Square Arena site. Proposals are due at noon.
April 18, 2007
Comments(0)Bids for redevelopment of the Market Square Arena site are due at noon today. Who will file? What will they propose? Share
your thoughts here, and check ibj.com and this blog for updates all day.
More
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First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.
I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.
Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??
On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.