Recent Blog Posts

City not impressed with offer from Di Rimini developer

October 5, 2010
Comments(27)
What makes a developer think he can win approval for one design and construct an entirely different building? How did no one at the city notice until the structure was almost complete? What happens now?
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Lingering questions for $150M North of South plan

September 28, 2010
Comments(37)
Property Lines is always happy to report new development projects with a strong shot at success. (Particularly when accompanied by fancy renderings. But there are lingering questions with the North of South proposal.
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Retail roundup: Kahn's plans new downtown store & more

September 24, 2010
Comments(23)
We lead off today's flush retail roundup with a new location for Kahn's Fine Wines & Spirits. Also on tap: New local brewery chooses Fort Ben, three new restaurants, a new bakery and more.
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Redevelopment planned for prime Broad Ripple corner

September 9, 2010
Comments(23)
A local real estate investor is trying to lure a new restaurant to a prime corner in Broad Ripple.
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Kite lands new tenants for Fishers shopping center

September 7, 2010
Comments(12)
Kite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping center at the northeast corner of 116th Street and Allisonville Road in Fishers.
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Summit breathing new life into 1909 downtown building

September 3, 2010
Comments(7)
Summit Realty Group has begun restoration of its future headquarters, a 1909 building at the southeast corner of Pennsylvania and New York streets that has been vacant 10 years.
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From Lucas Oil Stadium, Convention Center expansion has an industrial look

August 27, 2010
Comments(45)
The view of the expanded Indiana Convention Center from Lucas Oil Stadium caught several Colts fans off guard after the team's first preseason game on Aug. 15.
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Penn Arts developer buys another historic Indy apartment building

August 24, 2010
Comments(17)
A prolific developer of urban apartments has acquired another building near downtown and plans to turn it into an affordable artists' community.
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Closings roundup: Menards, Urban Element, Spa Chakra

August 23, 2010
Comments(27)
Several restaurant and retail closings to report, including a big-box hardware store, a local restaurant chain and an upscale spa.
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Effort to save Salvation Army building comes up short

August 18, 2010
Comments(40)
The Salvation Army has won approval to demolish an historic home it owns next door to its headquarters after Indiana Landmarks could not find another user willing to save the property.
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Laughners exit restaurant business after 122 years with Loon Lake Lodge closure

August 17, 2010
Comments(38)
The Laughner family has closed the Loon Lake Lodge in Castleton, ending a 122-year run of operating restaurants in Indianapolis.
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Roundup: Tasting room, tavern, new restaurants, MacExperience & more

August 11, 2010
Comments(20)
The newest retail roundup offers something for everyone, including a new tavern, meadery tasting room, children's apparel shop, bakery and liquor store.
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2 restaurants taking vacant buildings on College Avenue

July 28, 2010
Comments(66)
A new restaurant serving "gourmet Mexican street food" and a bar named to honor a fallen Iraq War veteran are in the works for two vacant buildings along College Avenue in the Meridian-Kessler neighborhood.

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Plans for $32M development near Herron-Morton Place neighborhood move forward

July 22, 2010
Comments(36)
A $32 million plan to replace a troubled low-income housing project at 16th Street and Park Avenue cleared a final hurdle Wednesday at a hearing of the Metropolitan Development Commission. Check out renderings.
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Indy restaurant roundup: Ripple Inn, Sinking Ship, Longhorn Steakhouse

July 21, 2010
Comments(18)
New restaurants including The Ripple Inn, The Sinking Ship and Longhorn Steakhouse are planned for the Indianapolis area.
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Grocery store planned for former Cadillac dealership

July 15, 2010
Comments(16)
A neighborhood grocery store is planned for the former home of Tutwiler Cadillac at the southwest corner of Meridian and 24th streets.
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Several new restaurants coming to Indianapolis

July 13, 2010
Comments(17)
Several new restaurants have filed plans to open in the Indianapolis area, including a replacement for the long-vacant Bahama Breeze along 96th Street, and a new pizza joint in the Century Building downtown.
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Update: Rendering of new CSO headquarters

July 12, 2010
Comments(16)
Plans for a new headquarters for locally based CSO Architects will mean new life for a vacant eyesore at Keystone at the Crossing. Check out the rendering showing the company's vision for the 24,000-square-foot former Bally Total Fitness facility.
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CSO Architects plans new HQ in former Bally Total Fitness

July 7, 2010
Comments(14)
Locally based CSO Architects Inc. is working on plans to remodel a former Bally Total Fitness location at Keystone at the Crossing into its new headquarters.
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New rendering unveiled for Penn Arts redevelopment

July 6, 2010
Comments(15)
Check out a brand new rendering of the redevelopment of the Penn Arts building.
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$69M in upgrades planned for Bayh Federal Building

June 28, 2010
Comments(4)
Government officials and construction contractors today unveiled several planned upgrades for the Birch Bayh Federal Building and U.S. Courthouse downtown. The $69.3-million project is slated for completion by August 2012.
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Flea market moving into former home of Sport Bowl

June 23, 2010
Comments(7)
A flea market is replacing a former bowling alley. Plus: A new candy shop planned for Noblesville; Monical's heads to Lawrence; and Panda Express eyes IUPUI campus.
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Indianapolis retail roundup

June 16, 2010
Comments(24)
Catch up on news about a new retailer, new locations for existing retailers and a couple of restaurant moves in the latest installment of Around Town Retail Roundup.
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Seasons 52 concept plans first Indianapolis restaurant

June 14, 2010
Comments(23)
A new fresh grill and wine bar called Seasons 52 is planning a 9,000-square-foot restaurant to replace El Torito Mexican Grill in front of The Fashion Mall at Keystone.
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New rendering for Washington Street project

June 11, 2010
Comments(7)
The developers repairing two long-vacant buildings at Washington and Meridian streets has released a new rendering of the project.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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