Recent Blog Posts

In the market for a gas station?

July 5, 2007
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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
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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
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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
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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
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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
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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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A 'bounce house' to rule them all

June 19, 2007
Comments(5)
This has to be the coolest use of warehouse space yet. A Fishers company called BounceZone has leased 12,000 square feet northwest of 146th Street and Cumberland Road in Noblesville with plans...
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Bonefish Grill in Avon closes

June 18, 2007
Comments(6)
Is Indy losing its status as a chain-restaurant darling? Another popular restaurant has closed, this time the Bonefish Grill in Avon. Other area Bonefish Grill restaurants remain open. The concept is owned by...
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Town Center eyed for Bloomington

June 18, 2007
Comments(7)
One of the companies promoting Hamilton County's Saxony is also leasing a new town center project in Bloomington. The 575-acre development would sit northwest of the intersection of State Road 37 and...
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Prominent developer looking at Indy

June 15, 2007
Comments(8)
The founder of the country's largest black-owned real estate firm, R. Donahue Peebles, spoke at the Madam C.J. Walker Theater earlier this week. His company, Peebles Corp., has $4 billion in projects currently...
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Tower House on Meridian

June 14, 2007
Comments(24)
Here's a rendering for the $50-million project I wrote about yesterday. The Tower House on Meridian proposal incorporates the existing Grain Dealers Mutual Insurance building along Meridian Street and would add a 14-story...
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Beat goes on at Verizon

June 14, 2007
Comments(4)
Will the owners of Verizon Wireless Music Center find a buyer? So far, the answer is no. Several brokers say the unofficial asking price of more than $40 million is...
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City to review $50M project

June 13, 2007
Comments(25)
A redevelopment proposal for the north end of downtown is up for zoning approval at 1 p.m. Thursday. If developers can secure financing and city approval, the $50-million project would incorporate the...
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Around town retail roundup

June 13, 2007
Comments(10)
Several new stores and restaurants have filed plans to open locations all over the city. Wherever you live, chances are there's something coming nearby. North: The area's first location for salad-focused Tossed...
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Red Robin, Red Robin ...

June 12, 2007
Comments(11)
Colorado-based burger chain Red Robin is entering the Indianapolis market in a big way starting later this month. The chain plans to open its first location in Plainfield on June 18. It...
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Overhaul underway on IPS building

June 11, 2007
Comments(8)
The administrative building for Indianapolis Public Schools is getting a $3.2 million overhaul to shore up two levels of parking. Workers have removed the facade from most of the second and third floorsJohn  Morton-Finney  CenterMore

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