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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
A taller JW Marriott?
May 15, 2007
Comments(6)Developers plan to unveil a significantly updated set of plans this afternoon for a JW Marriott convention
hotel across the street from Victory Field. For one, the 1,000-room hotel will be taller than the 22 stories
originally proposed, said Jeremy...
More305 condos replacing apartments
May 14, 2007
Comments(14)A $150-million luxury condo development known as Renaissance Bay will replace an apartment complex along Keystone
Avenue at 78th Street. All that remains of The Landings apartments are massive piles of concrete...
MoreCondo craze on Winthrop Avenue
May 14, 2007
Comments(5)A local developer is hoping to build another dense condo project in Broad Ripple along Winthrop Avenue. The
proposal by locally based Page Development would bring 27 condos to 1.5 acres between Winthrop and the Monon
Trail, just south of...
MoreIf you're out this weekend...
May 11, 2007
Comments(8)Let me know what you see. Notice a new project or for-sale sign? Leave me a comment, and I'll try to find out what's going
on. What have you seen lately?
MoreNorth side project to include Paradise
May 11, 2007
Comments(7)A two-building office and retail complex at the corner of Meridian and 96th Street will include a Paradise
Bakery & Cafe and a McAlister's Deli. Landmark Properties is developing the 45,700-square-foot project...
MoreReviving Mass Ave's East End
May 9, 2007
Comments(10)A development team is hoping to replace an Indianapolis Public Schools operations center on Mass Ave with
up to 400 homes and 200,000 square feet of retail space. The project would encompass 11 acres and preserve
an historic former Coca-Cola...
MoreAnother Candlewood hotel planned
May 9, 2007
Comment(1)Developers are planning a new 80-room Candlewood Suites hotel on the east side at 21st Street and Shadeland
Avenue. Constructed is slated to start next summer on the hotel, which would be the fourth in Indianapolis
for the InterContinental Hotels...
MoreNew pet store will include hotel
May 8, 2007
Comment(1)A new PetSmart store opening soon at Trader's Point will be home to a 157-room PetsHotel, the first for
the chain in Indiana. The store is slated to open in June and will...
MoreTake Two: Old theater gets new life
May 7, 2007
Comments(3)A landscaping company is moving into the long-vacant former General Cinema theater at Lafayette Square Mall.
Mainscape Inc. has signed a temporary lease and is working on a long-term deal with Simon Property Group,
the mall’s owner. The company tore...
MoreDarden closing 7 Indiana restaurants
May 7, 2007
Comment(1)Apparently Darden Restaurants is no longer keen on the Hoosier dining scene. The Orlando, Fla.-based company
announced this weekend it's closing seven restaurants in Indiana, including Smokey Bones Barbeque and Grill
locations in downtown Indianapolis and Avon, and the just-opened...
MoreHotel proposed over Canal
May 4, 2007
Comments(14)A Kansas developer has proposed a hotel, restaurant and retail space that would form a bridge over the Central
Canal in the tradition of Ponte Vecchio in Florence, Italy (pictured). The plan...
MoreDon't cry for me, downtown eyesore
May 4, 2007
Comments(8)An Argentinian restaurant called Taste of Tango is moving into a vacant building along East Washington Street
downtown. The new owner, local real estate broker Fabricio Perez, has begun renovations and...
MoreNorth side retail nuggets
May 3, 2007
Comment(1)A new Yats restaurant has opened in Fishers, at 8352 E. 96th St. The Cajun and Creole favorite is next
door to a Blockbuster half a mile east of Interstate 69. The locally owned restaurant also has locations
on College...
MoreOffers pour in for Guaranty Building
May 3, 2007
Comments(0)The 98-year-old Guaranty Building on Monument Circle has attracted several prospective buyers, said Mike McMains,
who owns the property with John Barnard. The local entrepreneurs bought the 9-story, 100,000-square-foot building
at 20...
MoreBahama Breeze skips town
May 2, 2007
Comments(13)The popular island-themed restaurant along East 96th Street closed Friday, surprising many customers. A spokesman
for Orlando-based Darden Restaurants said the company closed 9 restaurants that weren't in the best locations
or performing...
MoreFirst Indiana Plaza for sale?
May 2, 2007
Comments(0)Property Lines is hearing the owners of First Indiana Plaza are considering a sale of the struggling skyscraper.
The 425,000-square-foot building is owned by New York-based Crown Properties Inc. The building's general manager,
Julie Clements, said today she has no...
MoreFrozen Custard on the Canal at last
May 1, 2007
Comments(0)Could it be? A long-promised Ritter's Frozen Custard and a coffee shop apparently are on schedule to open
later this month on the north end of the Downtown Canal. The $3.5-million renovation of...
MoreCity selling more Central State land
May 1, 2007
Comments(7)A development team that bought 115 acres at the former site of Central State Hospital may soon buy another
33 acres from the city, at a cost of $223,500. Sound cheap? Mike Higbee, president of Development Concepts
Inc. and one...
MoreCity welcomes real estate group
May 1, 2007
Comments(0)A few hundred of the nation's most influential real estate developers, brokers and investors are in town
this week for meetings at the Hyatt. The CCIMs, or Certified Commercial Investment Members, are meeting...
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...
MoreFun with renderings
April 27, 2007
Comments(16)This is one of four proposed projects for an acre of state-owned land along the canal between Ohio and
New York streets. What do you think? Property Lines has been asking for...
MoreAfternoon kaffeeklatsch
April 26, 2007
Comments(4)What better way to wake you up on a rainy Thursday than with a little coffee news? Here goes: Borders
plans to transform its coffee shop and cafe downtown into a Seattle's Best Coffee, which is set to open
in...
MoreAlready regulars at Capital Grille
April 26, 2007
Comments(0)Indianapolis Downtown Inc. Director of Real Estate Terry Sweeney doesn't normally play favorites. But it's
a different story with Capital Grille. He's dined at the new restaurant attached to the Conrad Indianapolis
four nights in a row. Property Lines got...
MoreThe lure of tapas
April 25, 2007
Comments(6)How strong is it? The owners of a new BARcelona Tapas restaurant think it's strong enough to overcome a
risky downtown location at the northeast corner of Delaware and Ohio streets. The...
MoreCurious price estimates?
April 25, 2007
Comments(0)A self-imposed MSA moratorium begins after this post. But I can't help but ask: How is it that the taller,
more ambitious proposal for the Market Square Arena site costs $20 million less? The $130-million proposal
for MSA calls for...
More
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.