Recent Blog Posts

KIB getting new headquarters

July 16, 2007
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Keep Indianapolis Beautiful is planning to renovate a vacant industrial building in Fountain Square to serve as its new headquarters. The not-for-profit will seek LEED certification for the 25,000-square-foot building...
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Take a tour of Glendale

July 13, 2007
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Property Lines recently took a tour of the Glendale Mall construction site and got an update on progress. Check out a photo gallery of the tour and the latest rendering More

2 local businesses bid farewell

July 12, 2007
Comments(2)
A couple of prominent local businesses have shut down in recent weeks. Corner Gourmet at 1474 W. 86th St. apparently has closed. The phone numbers for both the shop and owner...
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Developer offers big bucks for homes

July 12, 2007
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A developer is negotiating individually with 77 condo owners to buy a community called Lakes at the Crossing that sits near the Fashion Mall. Gershman Brown & Associates has...
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Thoughts on KB's exit?

July 11, 2007
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More bad news on the housing front, as KB Home says it's bailing on Indianapolis. How big of a loss is it? KB entered the market in 2004 with...
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Consolidated sale put on hold

July 10, 2007
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The vacant 15-story Consolidated Building at 115 N. Pennsylvania St. was listed for sale with a $6.5-million pricetag yesterday until the owners pulled it off the market, ostensibly to focus on trying...
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New name for tower: M&I

July 9, 2007
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Milwaukee-based M&I Bank has no plans to vacate a 31-story skyscraper in downtown Indianapolis after acquiring its namesake, First Indiana Bank, the CEOs of both companies said today. First Indiana recently renewed...
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Bose move to Chase Tower is official

July 6, 2007
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The long-rumored move for Indianapolis law firm Bose McKinney & Evans is a done deal. The firm plans to take 111,000 square feet of space in Chase Tower, a big expansion over its current 80,000-square-foot space in First Indiana Plaza....
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Hurry up and wait for MSA

July 6, 2007
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City officials gave developers a tight, two-month time frame to come up with a second round of proposals to redevelop the Market Square Arena site. The RFP was issued Feb. 21, and...
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Furniture chain eyes 3 Indy stores

July 6, 2007
Comments(4)
A Chicago-based furniture store is planning three new locations in Indianapolis. Harlem Furniture has 16 stores in Chicago and Northwest Indiana. The first central Indiana store, in Greenwood, replaces the old Frank's...
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In the market for a gas station?

July 5, 2007
Comments(7)
OK, probably not. But you may be interested to know that local BP stations will be getting a new name soon. BP is selling 28 Indianapolis franchise locations, each of which will be...
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Get out your checkbooks

July 3, 2007
Comments(11)
As first reported in Property Lines on May 2, the owners of First Indiana Plaza are considering a sale of the struggling 31-story skyscraper. Who do you think will...
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Developer envisions Penn Centre

July 2, 2007
Comments(25)
Plans are taking shape for a major hotel, residential and restaurant development across from Conseco Fieldhouse. South-side developer J. Greg Allen is proposing a project that would stretch from Maryland Street to...
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Update: Foundry collapse

June 29, 2007
Comments(16)
Workers this morning cleared away the rubble from the old Herron School foundry building along 16th Street. It collapsed yesterday, possibly clearing the way for a deal that would provide...
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Property tax moment of truth

June 28, 2007
Comments(20)
Marion County will begin sending out property tax bills tomorrow, filling hundreds of mailboxes with bad news. Homeowners are bracing for higher bills thanks in large part to the state's decision a...
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500 Festival moving downtown

June 28, 2007
Comments(4)
The nonprofit volunteer organization that puts on the 500 Festival Parade and other events is moving its headquarters to an office building downtown. 500 Festival plans to move its operations to 21...
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Thoughts on skyscraper's new look?

June 27, 2007
Comments(19)
The new facade for One Indiana Square was unveiled shortly before this blog began, so we haven't discussed it yet. Here's your chance. The project to replace the storm-damaged facade has begun...
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Canal complex wins city incentives

June 26, 2007
Comments(9)
A new apartment and retail complex along the canal has won a 10-year tax abatement worth $2.7 million. The Cosmopolitan on the Canal project, by locally based Flaherty & Collins Properties, is...
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New look for convention center

June 25, 2007
Comments(25)
Locally based Ratio Architects this afternoon unveiled final plans for a 420,000-square-foot expansion of the Indiana Convention Center. It includes 254,000 square feet of additional exhibit space, 63,000...
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Food news: Mexican, Cuban coming

June 25, 2007
Comments(3)
Deals are in the works for two new restaurants downtown: a Mexican joint and a Cuban joint. Adobo Grill is expected to complete a deal this week to take about 6,000 square feet...
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Walsingham parking hurdle cleared?

June 25, 2007
Comments(12)
For about two years, a lack of parking has delayed a condo conversion at the historic Walsingham Apartments (pictured here, courtesy of Indiana Historical Society) at Delaware and 16th streets. But now, an...
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Bank leaving flagship corner

June 22, 2007
Comments(16)
Flagstar Bank will likely vacate one of downtown's highest visibility corners, at Meridian and Washington streets, later this year. Midland Atlantic is marketing the 3,500-square-foot space in 2 N. Meridian St. as an...
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Jefferson Plaza revamp underway

June 21, 2007
Comments(7)
Downtown's Jefferson Plaza is getting a facelift and a new name. Developer J. Greg Allen says he's talking with three potential restaurants interested in opening on the first floor with outdoor dining...
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A new vision for Speedway

June 20, 2007
Comments(11)
The Speedway Redevelopment Commission has unveiled its vision for the redevelopment of 400 acres bordered by Main Street, Olin Avenue, and 10th and 16th streets. They're calling it The Speed Zone and want...
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4 beds, 2 baths and a billboard

June 19, 2007
Comments(11)
If you've driven north on Delaware Street toward 16th, you've seen this billboard. But did you notice the Herron-Morton home behind it? The house is for sale, and it's one of the most interesting listing I've seen in a while....
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