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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.
Recent Blog Posts
Law firm taking former Borders coffee shop space
June 19, 2013
Comments(6)Barnes & Thornburg LLP, which owns the building at the high-profile corner of Washington and Meridian streets, plans to convert
the vacant space to a reception area.
More16 Park set to officially open following last year’s fire
June 18, 2013
Comments(11)Insight Development Corp., the development arm of the Indianapolis Housing Agency, on Wednesday will officially open the $34
million apartment project about a year after fire destroyed one of the buildings.
MoreDeveloper intends to bring hint of 'Wrigleyville' to Chatham Arch neighborhood
June 13, 2013
Comments(27)Dan Jacobs has purchased a surface lot at the northeast corner of East North Street and North Park Avenue and plans to build
three homes there that will range in height from three to four stories.
MoreBrowning hopes changes will help Broad Ripple project
June 11, 2013
Comments(81)The developer of the proposed $18 million project will not present its plans to the city until July to give it more time to
make changes to the design in hopes of gaining more support for the controversial development.
MoreFor sale: 'Finest piece of downtown real estate'
June 6, 2013
Comments(9)A trio of downtown buildings listed for $4.9 million includes the historically lavish residence at 121 E. Ohio St. Described
in marketing materials as the finest piece of downtown real estate, the residence has attracted interest from as far as the
United Kingdom.
MoreRoundup: Bagger Dave's expanding area presence
June 4, 2013
Comments(28)Bagger Dave's leads the Retail Roundup, with plans to open a restaurant in Avon next month and another in Greenwood in October.
The Michigan-based chain's lone location is on Indianapolis' northwest side.
MoreCinema grill plans $4.6M renovation of local theater
May 31, 2013
Comments(5)Dallas-based Studio Movie Grill says it will invest $4.6 million in a theater building near 86th Street and Michigan Road
and should be operating by September. When finished, the facility will sport 13 screens and 1,800 seats.
MoreNew Dunkin building design reveals second level
May 30, 2013
Comments(10)Under Keystone Group's tentative plans, the developer would add a second story to the building at the high-profile corner
of Washington and Pennsylvania streets in hopes of luring a national restaurant.
MoreHardware store owner drops unusual helipad request
May 29, 2013
Comments(12)Keith Payne, owner of North Meridian Hardware, had hoped to receive city approval to add a helipad to his store's roof before
neighborhood concerns caused him to shelve the unusual request.
MoreFormer Dunkin building targeted for major renovation
May 22, 2013
Comments(19)Several local real estate sources say Keystone Group CEO Ersal Ozdemir is close to purchasing the former home of Dunkin Donuts.
His plans for the building at the high-profile corner of Washington and Pennsylvania streets include adding a second story.
MoreNew type of cinema grill eyeing Indianapolis
May 22, 2013
Comments(10)Flix Brewhouse in Texas is looking to expand, real estate sources say, and Indianapolis is on the list of cities it's eyeing.
Flix shows first-run movies while serving its own beers.
MoreNew Steak n Shake signage includes name of parent
May 21, 2013
Comments(34)Sardar Biglari, who operates San Antonio-based Biglari Holdings Inc., parent of the iconic Steak n Shake chain, wants the
public to know who owns Steak n Shake, judging from new signage unveiled in Las Vegas.
MoreWheels in motion to select developer of MSA site
May 16, 2013
Comments(44)City officials began interviewing candidates this week to redevelop a downtown parking lot where Market Square Arena once
stood. The city last month received bids from six teams, the names of which have been provided by officials.
MoreDeveloper of Star building dubs project Pulliam Square
May 15, 2013
Comments(13)The buyer of the Indianapolis Star building has tapped into the newspaper's rich history by naming a mixed-use
development to be built on the property Pulliam Square. Eugene C. Pulliam bought the newspaper in 1944 and his family led
it for more than 50 years.
MoreKing David selling beer; South of Chicago expanding
May 13, 2013
Comments(19)The downtown hot dog joint has begun offering Sun King brews and has expanded its hours, while South of Chicago on Virginia
Avenue is looking to take its deep dish pizza to Hamilton County.
MoreLocal soul food favorite hopes to build new restaurant
May 9, 2013
Comments(19)Kountry Kitchen Soul Food Place is seeking to build a new restaurant just south of its current location. Plans call for a
two-story structure, large enough to hold banquets, to be constructed on a vacant lot near College Avenue and 19th Street.
MoreRoundup: Graeter's coming; Currito closes mall location
May 6, 2013
Comments(23)A couple of out-of-state ice cream franchises, including the Cincinnati stalwart Graeter's, are set to open their first Indianapolis
locations. A Graeter's franchisee says he's close to signing a lease and should announce the location soon.
MoreMilhaus set to launch $26M downtown apartment project
May 2, 2013
Comments(31)Milhaus Development is set to begin construction this summer on a $26 million apartment project on College Avenue that will
include 236 units. The first ones should be available next spring.
MoreLong-awaited Meijer store finally may get built
May 1, 2013
Comments(7)A state filing shows Meijer may be ready to begin constructing a store within Duke Realty Corp.'s Anson development near Whitestown.
MoreAnother breakfast concept coming to Indianapolis area
April 29, 2013
Comments(11)The Egg & I joins national chains such as Another Broken Egg and First Watch that have found the Indianapolis area to
be an attractive breakfast market.
More2 local sites make annual 'Most Endangered' list
April 25, 2013
Comments(16)New to this year's lineup, announced Thursday morning by Indiana Landmarks, are the Flanner House Homes Historic District
and Phillips Temple. Several homes in the district, in addition to the temple, are in danger of being demolished.
MoreRoundup: Two new offerings coming to Castleton mall
April 24, 2013
Comments(7)Castleton Square Mall is set to welcome a couple of new entries to its food court lineup, including a restaurant that made
its Indianapolis debut just last year. Also, the yogurt craze continues.
MoreBids to redevelop MSA site top out at 52 stories tall
April 22, 2013
Comments(57)The renewed interest in the site, where previous attempts at redevelopment in 2004 and 2007 failed, comes after Indianapolis Mayor Greg Ballard called for new proposals during his State of the City speech in March.
Browning reveals design for $17M Broad Ripple project
April 18, 2013
Comments(53)Local developer Browning Investments is pushing forward with a new rendering for its plans to build a mixed-use development on land it previously pitched as a potential site for the Broad Ripple parking garage.
Architectural firm relocating entrance to face Mass Ave
April 17, 2013
Comments(6)Schmidt Associates, which is designing a massive redevelopment up the street from its office, is moving its entrance to face
bustling Massachusetts Avenue. When the firm bought the buildings in 1986 that it occupies, it made better business sense
to face Vermont Street, CEO Wayne Schmidt said.
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!