Recent Blog Posts

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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Tower getting a new sign

September 11, 2007
Comments(8)
Don't be alarmed to see workers removing the massive OneAmerica sign from atop the 38-story OneAmerica Tower in the next few days. The company plans to replace the sign with one...
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Young developer, towering dream

September 10, 2007
Comments(40)
The odds are long, but Jaron Garrett isn't giving up on an ambitious plan to replace several blighted buildings along Washington Street with a twisting glass-and-steel apartment tower. The 25-story project...
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Better know a developer: Lauth

September 7, 2007
Comments(14)
Locally based Lauth had a big week. They announced plans for a 7.1-million-square-foot distribution park on 555 acres at Interstate 70 and State Road 39 near Plainfield. But lately the company...
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Dome demolition: Implode or no?

September 6, 2007
Comments(10)
In the spirit of today's Colts festivities, there's an update this week on the new stadium and discussions about the old one. In a progress report, the Indiana Stadium and Convention Building...
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Lockerbie Park phase 2 on hold

September 5, 2007
Comments(48)
The foundations and garage slabs are in place for the next phase of Lockerbie Park, but construction is on hold for now. The project at College and Michigan streets has not sold...
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Farewell, mediocre pizza buffet

September 4, 2007
Comments(19)
At the top of a lunch-time retail roundup: Downtown's Bearno's Pizza has closed and will be replaced by Flagstar Bank. A sign on the door says to look for Bearno's elsewhere in...
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Another delay for MSA

September 4, 2007
Comments(23)
Hopes for a quick decision on who will redevelop the Market Square Arena site are quickly fading. City officials had promised a decision by July at the latest, but the political climate...
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New library almost ready

August 30, 2007
Comments(28)
It's been quite an ordeal, but the Central Library expansion is almost complete. The Interim Central Library, which opened in Old City Hall after construction began on the expanded...
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Wedding Cake, Anyone?

August 29, 2007
Comments(10)
One of Indy's most unique houses is up for sale, with an asking price of $449,900. The Wedding Cake House, built in 1873, has been home to the central regional office...
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New Condos Emerge in St. Joseph

August 29, 2007
Comments(23)
The Renaissance Flats project is taking shape along St. Joseph Street between Delaware and Alabama streets just north of downtown. The 19-unit project, by Britton Buildings Design Inc., is just north...
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Offers pour in for First Indiana Plaza

August 28, 2007
Comments(10)
A sluggish real estate market hasn't deterred investment groups interested in owning the 31-story First Indiana Plaza. Brokers say the New York-based owners of the struggling skyscraper have received about 10...
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  1. Aaron is my fav!

  2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

  3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

  4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

  5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

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