Recent Blog Posts

Open thread: What's happening?

August 9, 2007
Comments(37)
Your Friday gift: An open thread to discuss whatever real estate topics are on your minds. Fashion Mall? MSA? Penn Centre? The new BMW ad on this blog? We're classin' it...
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Simon defending Fashion Mall turf

August 9, 2007
Comments(35)
At least one local broker thinks Simon's plans to expand the Fashion Mall are a competitive jab at Premier Properties, which is planning a mixed-use development called Venu southwest of the intersection of...
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Is this photo illegal?

August 8, 2007
Comments(33)
Should it be against the law to photograph the City-County Building? Some in Indianapolis law enforcement think so. The IBJ photographer was told today that taking pictures of the building is a...
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A brand-new Maxwell rendering

August 7, 2007
Comments(42)
Kosene & Kosene has begun construction on its latest downtown project, the 105-unit Maxwell. The six-story building sits along Ohio Street between Park and East streets and will feature condos starting at...
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At last: Penn Centre rendering

August 3, 2007
Comments(47)
Here's a preliminary rendering of the Penn Centre development planned along Pennsylvania Street between Maryland and Georgia streets. The J. Greg Allen project is being designed by locally based Browning Day Mullins...
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Premier project gets a name: Venu

August 3, 2007
Comments(24)
Premier Properties has unveiled some of the details of its $750-million plan for a huge mixed-use development at the southwest corner of 86th and Keystone Avenue. The project is called Venu, a...
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Plans take shape for IMA park

August 1, 2007
Comments(5)
Contractors are laying the groundwork to start construction on the $50-million Virginia B. Fairbanks Art & Nature Park at the Indianapolis Museum of Art. IMA has chosen a construction manager, The Hagerman Group, and work is slated to begin in...
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City selling Martindale land

August 1, 2007
Comments(7)
City officials are seeking bids to redevelop 7.5 acres northeast of downtown in the Martindale neighborhood. The property is the old Ertel Manufacturing plant at 2045 Dr. Andrew J. Brown Ave. The...
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Gaming chain targets Indy

July 31, 2007
Comment(1)
A California-based chain that sells videogames and gaming equipment has plans for at least two stores in central Indiana. Play N Trade has filed plans for stores in Carmel and Indianapolis....
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Marian College plans new dorm

July 30, 2007
Comments(4)
Marian College is about to add its first new student housing in more than 40 years. Construction is set to begin this summer on a 78-rooms, 144-bed residence hall, designed by...
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New Pan Am owner has retail plans

July 30, 2007
Comments(28)
A Houston firm has agreed to buy Pan Am Plaza's office building, skating rinks and the plaza itself. The company, Principle Equity Management, is planning a low-rise, restaurant-anchored development that would...
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Here comes Spicy Pickle!

July 27, 2007
Comments(9)
A Denver restaurant chain named for the pickles that come on every plate wants to open 10 locations in central Indiana. The 31-restaurant chain plans to begin construction on its first location...
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Beilouny buildings filling up

July 27, 2007
Comments(15)
Beilouny Luxury Properties has lined up Tantrum, a new local clothing boutique, for its 757 Mass Ave building. The company also has been talking with several restaurants about taking an...
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Five Guys has big Indy plans

July 26, 2007
Comments(17)
Five Guys Famous Burgers and Fries has filed plans for a new restaurant near Greenwood and is looking for 10 more locations in Marion County. The chain also is preparing to open...
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West Merrill sketch rendering

July 25, 2007
Comments(22)
By popular demand, here's the other rendering of West Merrill Tower. You can also see it here. This is the side of the building that would face downtown:
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Marsh drops abatement request

July 24, 2007
Comments(14)
Marsh Supermarkets has withdrawn a request for a five-year tax abatement for renovation of the downtown O'Malia's store. Marsh officials notified the city Tuesday, shortly after Property Lines reported on the...
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Another hotel tower proposed

July 24, 2007
Comments(20)
A development team including locally based Prince/Alexander Architects has filed plans to build a 24-story tower between Eli Lilly & Co.'s Faris Campus and Lucas Oil Stadium. The $47-million project calls...
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Tax abatement on Aisle 5

July 24, 2007
Comments(13)
Marsh Supermarkets is hoping for final approval next month of a five-year tax abatement worth about $50,000 for a renovation of its downtown O'Malia's store. The company plans to invest $1.5 million...
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Skating Academy wins extension

July 23, 2007
Comments(12)
The Indiana Worlds Skating Academy has agreed to a 9-month lease extension for its space at Pan Am Plaza. The organization will remain downtown at least until April 2008, said Academy Executive Director...
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Sizzling malls add more new stores

July 19, 2007
Comments(19)
North-siders are set to get even more shopping and dining options in the coming months. Several new retailers have filed plans to open new stores in the Fashion Mall at...
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A racy redesign

July 19, 2007
Comments(10)
Check out the new look for the former Junior Achievement building at 21 Virginia Ave. The office building is getting a new name, 500 Festival Building, along with a renovation in...
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New owners taking over Canterbury?

July 18, 2007
Comments(3)
Downtown's historic Canterbury Hotel apparently has been sold. An announcement of the deal for the 12-story hotel at 123 S. Illinois St. is scheduled for Monday. At a gathering of Wholesale District...
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Another local retailer closing

July 18, 2007
Comment(1)
Karstadt Reed Cleaners, an institution on North Illinois Street since 1898, will close later this month. Steve Stevenson, the owner for 45 years, says business has been "pretty bad." The company is known...
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What next for Old City Hall?

July 17, 2007
Comments(32)
The Department of Metropolitan Development is seeking two independent appraisals of Old City Hall, the historic building that has housed the State Museum and now houses the interim Central Library. In...
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Impasse over Crown Hill

July 17, 2007
Comments(23)
Four months have passed since neighborhood pressure helped defeat a second proposal to develop 70 acres at the north end of Crown Hill Cemetery. A partnership of environmental groups including Indy...
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