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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
Good news for housing market?
November 20, 2007
Comments(22)Local homeowners tired of all the bad news about the housing market likely will be encouraged by data in
a recent Fortune Magazine article. The magazine studied the correlation...
MoreFountain Square buildings for sale
November 15, 2007
Comments(46)A prime block of Fountain Square real estate is on the market. Businessman Don Swayze is asking $1.2 million
for two buildings and a used-car lot he owns along Virginia...
MoreStudent-housing tower planned
November 14, 2007
Comments(20)A team of local developers is hoping to build a 550-bed, 16-story apartment tower near the IUPUI campus.
The $40 million project, dubbed Paramount Tower, would target the lucrative student-housing market....
MoreDeveloper drops pursuit of condos
October 10, 2007
Comments(8)A local developer has dropped its effort to buy out 77 condo owners southeast of 86th Street and Keystone
Avenue, at least for now. Residents of the condo development, Lakes...
MoreLockerbie Park phase 2 on hold
September 5, 2007
Comments(48)The foundations and garage slabs are in place for the next phase of Lockerbie Park, but construction is
on hold for now. The project at College and Michigan streets has not sold...
MoreA brand-new Maxwell rendering
August 7, 2007
Comments(42)Kosene & Kosene has begun construction on its latest downtown project, the 105-unit Maxwell. The six-story
building sits along Ohio Street between Park and East streets and will feature condos starting at...
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...
MoreCarmel mansion is history
June 6, 2007
Comments(11)In the market for a 20,000-square-foot mansion with 4 bedrooms, 7 full baths and 5 partial baths? Too late!
The former home of Dr. Donald Perez and his wife Karen, built in...
MoreLive next door to The Distillery
April 30, 2007
Comments(9)Plans are in the works for a residential and retail project on a state-owned parking lot between Indiana
Avenue, Capitol Avenue and Vermont Street, IBJ reported this weekend. Two groups bid for the three-quarters-of-an-acre
parcel, and the winner includes Jim...
More
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So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.
Owner occupied housing. Clear enough?
So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.
Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.
RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.