Recent Blog Posts

Receiver 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...
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@propertylines

June 27, 2009
Comments(4)
Want more frequent updates? You can now follow Property Lines on Twitter. Get the latest real estate nuggets at twitter.com/propertylines.
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Magazine 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...
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Bally Fitness locations to close

June 23, 2009
Comments(13)
Two local Bally Total Fitness locations will close today as part of the parent company's reorganization under Chapter 11 bankruptcy. Gyms along U.S. 31 in Greenwood and behind...
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Property Lines on Twitter

June 22, 2009
Comments(8)
Want more frequent updates? You can now follow Property Lines on Twitter. Get the latest real estate nuggets at twitter.com/propertylines
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Nora post office to close

June 19, 2009
Comments(20)
One of the city's busiest post office branches will close in the coming months to clear the way for a possible expansion of the Target...
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Masonic landmark turns 100

June 12, 2009
Comments(19)
Masonic groups this weekend will celebrate the 100th anniversary of the Indiana Freemasons' Hall, formerly the Indianapolis Masonic Temple, at 525 N. Illinois St. The...
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More on new Nora Kroger

June 10, 2009
Comments(40)
The Kroger-anchored development referenced below will add far more trees than it has removed, Sandor Development CEO Sid Eskenazi tells Property Lines. The project along the Monon Trail at...
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Group blasts Trail 'destruction'

June 10, 2009
Comments(44)
Construction work on a new Kroger-anchored development along the Monon Trail at 86th Street is drawing the ire of Nora neighborhood leaders. They're frustrated by the removal of trees and bushes along the trail by the project's developer, locally based...
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Arts vision for Virginia Avenue

June 8, 2009
Comments(10)
A proposed $9 million project called Fletcher Place Arts calls for 56 mostly one-bedroom apartments, 8,700 square feet of first-floor retail or office space, and...
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Just in: Project renderings

June 3, 2009
Comments(71)
Check out these conceptual renderings of a public-private downtown redevelopment project approved today by the Metropolitan Development Commission. The $65-million project calls for apartments and retail space adjacent to the former site of Market Square Arena. The renderings suggest the...
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$65M downtown development

June 2, 2009
Comments(38)
A proposed incentive deal to kick-start a $65-million development adjacent to the former site of Market Square Arena calls for the...
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Restaurant in a bit of a Pickle

June 1, 2009
Comments(17)
Indianapolis didn't exactly warm to Spicy Pickle. The Denver-based restaurant chain shut down both of its Indianapolis-area locations shortly after opening them last year. But the chain hasn't rid itself...
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Binford's medical ghost town

May 28, 2009
Comments(23)
The hits keep on coming for the unfinished Binford Medical Complex at 65th Street and Binford Boulevard as the urgent care center that served as the development's anchor...
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T-Mobile taking prime corner

May 26, 2009
Comments(28)
T-Mobile has inked a five-year lease for a 2,200-square-foot space at the northwest corner of Washington and Meridian streets. The store will be a corporate-owned "playground" store, a new...
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Developer 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...
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Sad news out of Madison

May 21, 2009
Comments(6)
The 154-year-old Jefferson County Courthouse caught fire last night, and the damage looks serious. Workers were finishing up renovations in preparation for Madison's bicentennial next month. You can follow Twitter updates from the Madison Courier here. The...
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Kroger eyes Altum parcel

May 19, 2009
Comments(20)
Kroger is looking at land in Zionsville for a new store. The Cincinnati-based grocer is in talks with the owners of Altum's Garden Center along Michigan Road between 106th and 116th Streets,...
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Owner has gourmet vision for Za

May 15, 2009
Comments(24)
The proprietor of a planned new pizza joint called Za in Broad Ripple, Michael Keenan, says he has enlisted an all-star...
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Around town pizza roundup

May 14, 2009
Comments(27)
Couple of pizza-related nuggets: A new pizza restaurant called ZA is planned for the former Slinky women's clothing store near 62nd Street and College Avenue in Broad Ripple. Plans call for the restaurant...
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Touring the JW Marriott complex

May 12, 2009
Comments(26)
The developers of the new JW Marriott hotel complex gave photographer Robin Jerstad and me a tour of the $425 million project earlier this month....
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What to do with the old airport

May 11, 2009
Comments(35)
A group of eighth grade girls from a local charter school spent all day Friday learning about real estate and developing plans for reuse of...
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Looking 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,...
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Indy named best for recent grads

May 6, 2009
Comments(11)
Some good news from an Apartments.com and CBCampus.com survey: Indianapolis has been named the top city for recent college graduates. The study looked for cities with the highest concentration of young adults,...
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Up and away at Conner Prairie

May 5, 2009
Comments(10)
Looks like the folks at Conner Prairie in Fishers have beat White River State Park to the hot-air-balloon-ride punch. They plan to unveil...
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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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