Recent Blog Posts

Thoughts on Ralston Square?

October 7, 2007
Comments(30)
Here are two renderings of the proposed Ralston Square project. The $60 million South Street project, named in honor of the original planner for Indianapolis, would feature a 150-room hotel, 55 condos, a 617-space parking garage and 41,000 square feet...
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Penn Centre, in color

October 4, 2007
Comments(44)
What do you think of the latest rendering of Penn Centre? The plans, designed by Browning Day Mullins Dierdorf, call for a 240-room Le Meridien hotel, 150-room aloft hotel,...
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City denies Bush Stadium reports

October 4, 2007
Comments(9)
The city has not decided whether to tear down Bush Stadium, spokeswomen for the mayor and the Department of Metropolitan Development said this afternoon, denying news reports. WTHR reported on its Web...
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Penn Centre wins approval

October 4, 2007
Comments(18)
The Indianapolis Historic Preservation Commission gave its unanimous approval last night for Penn Centre, a massive hotel, residential and restaurant development across from Conseco Fieldhouse. The next step is to add more...
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A cleaner Canal

October 3, 2007
Comments(18)
The city has agreed to pay a Kokomo company up to $423,000 to clean the Central Canal from 11th Street to the White River. The deal with biosolids management firm Merrell Bros....
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R.I.P. Marquis Tower?

October 3, 2007
Comments(20)
A 24-year-old's dream for a twisting downtown apartment tower has run into a brick wall. Jaron Garrett couldn't raise enough money to exercise contracts on the run-down properties he had hoped to...
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Fleeing the ... suburbs?

October 2, 2007
Comments(18)
August Mack Environmental said today it will move its corporate headquarters from Castleton to downtown's Lexington at Meridian. The Indianapolis-based environmental consulting company plans to take 16,200 square feet in the former home...
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Skewers of meat and more

October 1, 2007
Comments(22)
A few nuggets to break up an otherwise slow day for real estate news: All-You-Can-Eat Meat: The deal is done to bring the upscale Brazilian Steakhouse Fogo de Chão (fo-go dèe shoun, or fire...
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Developers pitch Meridian Street infill

October 1, 2007
Comments(16)
Two local developers have plans to replace downtown parking lots along Meridian Street with new mixed-use buildings. Jupiter Land Group, headed by restaurateur Rick Coombes, wants to build a five-story retail...
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IPS pledge: Fence is temporary

September 28, 2007
Comments(17)
The second- and third-floor parking levels of the Indianapolis Public Schools headquarters will remain surrounded on three sides by a chain-link fence at least until the spring, a school district official said today....
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Fountain Square's artistic alleys

September 27, 2007
Comments(10)
Earlier this year, real estate agent and Fountain Square resident Phil Barcio began the Fountain Square Mural Project, an effort to transform the neighborhood's alleys to help prevent crime and...
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No more Nothing But Noodles

September 26, 2007
Comments(30)
Arizona-based Nothing But Noodles has closed its local stores on 96th Street and near the IUPUI campus. No one answered the phone at either of the stores or at the Indianapolis corporate...
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Taco battle is brewing

September 25, 2007
Comments(31)
Look out, Taco Bell. California-based Del Taco, the country's No. 2 taco chain, is planning to open 16 new restaurants in Indianapolis. The chain, which already has about 500 restaurants in 14...
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New airport taking shape

September 25, 2007
Comments(35)
The new Indianapolis airport has been in the news lately (thanks to plans for special foot basins for Muslim taxi drivers). We haven't yet discussed the airport, so here's your chance. The...
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Foot Locker taking Flagstar space

September 24, 2007
Comments(19)
Foot Locker has filed plans to open a 3,300-square-foot store at the corner of Meridian and Washington streets downtown. The space currently is home to Flagstar Bank, which plans to move to...
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Venu taking 'green' to new level

September 21, 2007
Comments(38)
Check out this new rendering of Venu from locally based Premier Properties USA Inc. The company plans to build the 2.3-million square foot project at the southwest corner of 86th and Keystone....
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WFYI's new headquarters

September 20, 2007
Comments(10)
WFYI plans to break ground this morning on an expansion of its new headquarters building. The public broadcaster is moving into the former Vectren Building at 1630 N. Meridian St. WFYI will...
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Restaurant rumblings: Brazilian

September 19, 2007
Comments(14)
At least two more Brazilian steakhouse concepts are looking to open new restaurants in Indianapolis, brokers say. The first to debut locally, Brazilian Grill, opened a few months ago at 86th Street...
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Mass Ave building for sale

September 19, 2007
Comments(14)
The Massala Building on Massachusetts Avenue has been listed for sale. The 36,000-square-foot building is home to MacNivens Restaurant & Bar and is next door to the site of 3 Mass, a...
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Nightclub eyes Union Station

September 18, 2007
Comments(30)
The city has reached a preliminary agreement to lease 12,600 square feet in the basement of Union Station for a new restaurant and nightclub. The lease is with The Arantee Group, one...
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Bush Stadium's uncertain future

September 17, 2007
Comments(31)
What should be done with Beautiful Bush Stadium? The city has ordered appraisals of the historic ballpark as a first step toward eventual reuse or demolition. The Indianapolis Indians played in the...
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An English Avenue opportunity?

September 14, 2007
Comments(16)
A not-for-profit neighborhood revitalization group has slashed the prices on three remodeled live/work buildings at English and State avenues. The brick buildings near Fountain Square have undergone various levels of renovation by...
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Post-fire restoration underway

September 13, 2007
Comments(18)
In the discussion about Jaron Garrett's plans for Washington and Pennsylvania streets, someone asked about 38 E. Washington St. The building burned earlier this year, and now is being...
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Updated Gibson Building unveiled

September 12, 2007
Comments(14)
Mayor Bart Peterson and OneAmerica executives cut the ribbon on the renovated Gibson Building this morning. Work on the 1916 building (originally a car manufacturing facility) began in April 2006 and cost...
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What ever happened?

September 11, 2007
Comments(18)
Following up on a few old posts: No Canterbury Sale Yet. Canterbury Hotel owner Donald Fortunato said he's getting close to a sale of the 12-story hotel, but the deal is not done....
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  1. Looking at the two companies - in spite of their relative size to one another -- Ricker's image is (by all accounts) pretty solid and reputable. Their locations are clean, employees are friendly and the products they offer are reasonably priced. By contrast, BP locations are all over the place and their reputation is poor, especially when you consider this is the same "company" whose disastrous oil spill and their response was nothing short of irresponsible should tell you a lot. The fact you also have people who are experienced in franchising saying their system/strategy is flawed is a good indication that another "spill" has occurred and it's the AM-PM/Ricker's customers/company that are having to deal with it.

  2. Daniel Lilly - Glad to hear about your points and miles. Enjoy Wisconsin and Illinois. You don't care one whit about financial discipline, which is why you will blast the "GOP". Classic liberalism.

  3. Isn't the real reason the terrain? The planners under-estimated the undulating terrain, sink holes, karst features, etc. This portion of the route was flawed from the beginning.

  4. You thought no Indy was bad, how's no fans working out for you? THe IRl No direct competition and still no fans. Hey George Family, spend another billion dollars, that will fix it.

  5. I live downtown Indy and had to be in downtown Chicago for a meeting. In other words, I am the target demographic for this train. It leaves at 6:00-- early but doable. Then I saw it takes 5+ hours. No way. I drove. I'm sure I paid 3 to 5 times as much once you factor in gas, parking, and tolls, but it was reimbursed so not a factor for me. Any business traveler is going to take the option that gets there quickly and reliably... and leisure travelers are going to take the option that has a good schedule and promotional prices (i.e., Megabus). Indy to Chicago is the right distance (too short to fly but takes several hours to drive) that this train could be extremely successful even without subsidies, if they could figure out how to have several frequencies (at least 3x/day) and make the trip in a reasonable amount of time. For those who have never lived on the east coast-- Amtrak is the #1 choice for NY-DC and NY-Boston. They have the Acela service, it runs almost every hour, and it takes you from downtown to downtown. It beats driving and flying hands down. It is too bad that we cannot build something like this in the midwest, at least to connect the bigger cities.

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