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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.
Residential Blog Posts
Developer plans expansion of Riley Towers apartments
January 12, 2010
Comments(15)The owner of downtown's Riley Towers apartments is working on plans for a 5-story expansion at 225 E. North St. that would
add 54 apartment units and more than 4,000 square feet of retail space.
MoreDeveloper eyes Penn Centre as it wraps up Allen Plaza
November 19, 2009
Comments(4)Allen Commercial Group is offering for sale the first of 30 condos in its flagship nine-story Allen Plaza building along Pennsylvania
Street downtown. And the firm is working on a phasing plan for its much-larger Penn Centre proposal.
MoreConstruction begins on downtown condo project
November 11, 2009
Comments(16)Construction has finally begun on a condo conversion of an historic 5-story building known as The Shelton.
MoreGroup plans to auction relics of downtown architecture
November 4, 2009
Comments(6)The city has agreed to hand over architectural artifacts from a landmark downtown building to a historic preservation group.
Demand is steady for Maxwell Apartments
October 27, 2009
Comments(5)Locally based Barrett & Stokely Inc. has taken over management of The Maxwell Apartments downtown at 530 E. Ohio St. The community
already is about 50 percent occupied.
MoreEfforts target blight on 16th
October 13, 2009
Comments(9)A stretch of 16th Street could see new life as the Indianapolis Housing Agency plans to redevelop a troubled low-income housing
project and Kroger revives efforts to acquire land and plan a new supermarket to replace a cramped, old-format location.
MoreDeveloper plans student housing along canal
September 25, 2009
Comments(23)A local developer has filed plans to build a new apartment complex designed for college students a few blocks east of the
Central Canal.
MoreDowntown apartment complex to expand
September 1, 2009
Comments(12)The developer of The Waverley apartments downtown has filed plans to expand the complex at 151 S. East St. thanks to high
demand for one-bedroom units.
MorePreview of $30M project
July 6, 2009
Comments(70)Check out these fresh renderings of a $30-million student housing project planned for Indiana Avenue near
IUPUI. The plans by Trinitas Ventures of West Lafayette call for 250 apartment units at 1201 Indiana Ave,
between Montcalm and Milburn streets south...
MoreSo long, SoDo
June 30, 2009
Comments(18)The owners of a 1.3-acre parking lot southeast of Meridian and South streets have put the property up for
sale, apparently putting an end to the dream...
MoreReceiver sale for CityView
June 29, 2009
Comments(23)A 20-story apartment tower in midtown Indianapolis is being offered in a receiver sale for about $42,000
per unit, about a third less than the...
MoreMagazine touts Woodruff Place
June 24, 2009
Comments(13)The magazine This Old House has named Indy's Woodruff Place as one of the country's 51 best places to buy
an old home. The neighborhood...
MoreDeveloper plans apartments at 707
May 23, 2009
Comments(19)A local developer hopes to convert the unfinished eight-story 707 E. North St. condo project into a mostly
affordable apartment building...
MoreLooking for a waterfront condo?
May 7, 2009
Comments(8)An auction has been set to sell nine remaining waterfront condos in a bank-owned development on Morse Lake
in Cicero. The project, One Waterfront Plaza,...
MoreBrokers revise plan for key lots
March 23, 2009
Comments(18)The owners of two vacant buildings and a fenced lot along Washington Street downtown aren’t giving up on
redevelopment even after their plans for a...
MoreNew life for Illinois Building?
March 22, 2009
Comments(25)A local developer is working on plans to save the vacant 10-story Illinois Building, considered in recent
years as one of the state's most endangered historic...
MoreApartment conversion for Maxwell
March 18, 2009
Comments(29)Sluggish condo sales have led developer Kosene & Kosene to consider turning its latest downtown project, The
Maxwell, into apartments. The local company has moved its corporate...
MoreCosmopolitan a total loss?
March 13, 2009
Comments(15)The remains of the Cosmopolitan on the Canal project continued to smolder today as a small crew of firefighters
worked to put out remaining hot spots. They were using a crane to demolish a portion of the building's
remaining facade...
MoreSad news: Cosmopolitan burns
March 12, 2009
Comments(28)A $33-million apartment and retail project along the canal downtown caught fire early this morning. The Cosmopolitan
on the Canal project, by Flaherty & Collins Properties, had been nearing completion on a site bordered by
the canal, Senate Avenue, Michigan...
MoreMass Ave building changes hands
March 3, 2009
Comments(20)An iconic flatiron building on Massachusetts Avenue downtown has a new owner nearly three years after the
property first went on the market, IBJ's Chip Cutter reports...
MoreHousing pitched for old St. Vincent
January 20, 2009
Comments(12)Ivy Tech Community College is working with private developers on a plan to turn the old St. Vincent Hospital
into a housing complex...
MoreHistoric farmhouse in danger
January 14, 2009
Comments(34)The Historic Landmarks Foundation of Indiana is racing to save the Cotton-Ropkey House at 79th Street and
Marsh Road just west of I-465. The owner of the...
MoreApartment renovation in Irvington
December 9, 2008
Comments(37)Apartment developer Christopher Piazza has closed on financing for a $1.2-million renovation of a 1914 apartment
building in Irvington. The 31-unit...
MoreCredit mess puts Ralston on hold
October 2, 2008
Comments(32)A $60 million project slated for South Street between Meridian and Pennsylvania streets is on hold until
credit markets return to some semblance of normal, the developer...
MoreHave we learned anything?
September 22, 2008
Comments(55)As Congress began debating a $700-billion bailout plan for institutions stung by loose lending practices, C.P.
Morgan sent this e-mail last week:
And in a separate...
More
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!