Recent Blog Posts

Browning has new rendering for Broad Ripple project

July 24, 2013
Comments(43)
The developer has added more apartments on Carrolton Avenue, lowered the height of the building, reduced the number of spaces in the parking garage and modified the architecture.
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East-side building donation benefits area not-for-profit

July 23, 2013
Comments(6)
Aaron York's Quality Air, which has moved to a new location near Lucas Oil Stadium, donated the 66,000-square-foot building it vacated on the east side to a neighborhood not-for-profit.
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Roundup: Thirsty Scholar opening at 16th and Penn

July 18, 2013
Comments(21)
The coffee, beer and wine bar in the Penn Arts building is expected to open next week. Other restaurant and bar openings are set for Mass Ave, along with an Italian chain coming to River Crossing.
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Proposals for MSA project ranged from $70M to $117M

July 16, 2013
Comments(22)
The city received five proposals to redevelop a portion of the former Market Square Arena site. Here are details of the proposals, including those submitted by developers that weren't selected.
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Whitsett set to launch $28M Lockerbie North project

July 15, 2013
Comments(12)
The local developer plans to build 215 market-rate apartments and 9,000 square feet of retail space at the northwest corner of North College Avenue and East Michigan Street.
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Browning adding more apartments to gain support for Broad Ripple project

July 12, 2013
Comments(36)
The developer is proposing to add 15 units to the 88 apartments already included in the plans, increasing the cost of the project to $25 million.
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Former Loon Lake building getting new restaurant tenant

July 11, 2013
Comments(9)
A franchisee of the Dallas-based chain Twin Peaks has signed a lease to occupy the building northwest of Interstate 69 and East 82nd Street and should be open by the end of the year.
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Star’s search for space includes a few new entries

July 10, 2013
Comments(28)
The CSX Building at the southwest corner of Pennsylvania and Georgia streets and space formerly occupied by Nordstrom within Circle Centre mall have emerged as potential locations for the newspaper's new headquarters.
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Brewery planned for former downtown winery building

July 3, 2013
Comments(35)
A local restaurateur is renovating 7,300 square feet of space in the former Chateau Thomas Winery building at the south end of downtown and plans to open Tow Yard Brewing by late summer.
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Roundup: Ambrosia, Jockamo, Square Donuts

June 27, 2013
Comments(39)
Moves by a trio of local restaurants and replacements for two vacated downtown eateries lead off the latest retail roundup.
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Neal Brown out, Late Harvest chef in at Nora development

June 20, 2013
Comments(33)
Ryan Nelson, chef/owner of Late Harvest Kitchen, plans to open a barbecue restaurant at PK Partners' Nora Shops West project after Neal Brown of Pizzology backed out of his deal.
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Law firm taking former Borders coffee shop space

June 19, 2013
Comments(8)
Barnes & Thornburg LLP, which owns the building at the high-profile corner of Washington and Meridian streets, plans to convert the vacant space to a reception area.
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16 Park set to officially open following last year’s fire

June 18, 2013
Comments(13)
Insight Development Corp., the development arm of the Indianapolis Housing Agency, on Wednesday will officially open the $34 million apartment project about a year after fire destroyed one of the buildings.
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Developer intends to bring hint of 'Wrigleyville' to Chatham Arch neighborhood

June 13, 2013
Comments(28)
Dan Jacobs has purchased a surface lot at the northeast corner of East North Street and North Park Avenue and plans to build three homes there that will range in height from three to four stories.
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Browning hopes changes will help Broad Ripple project

June 11, 2013
Comments(88)
The developer of the proposed $18 million project will not present its plans to the city until July to give it more time to make changes to the design in hopes of gaining more support for the controversial development.
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For sale: 'Finest piece of downtown real estate'

June 6, 2013
Comments(10)
A trio of downtown buildings listed for $4.9 million includes the historically lavish residence at 121 E. Ohio St. Described in marketing materials as the finest piece of downtown real estate, the residence has attracted interest from as far as the United Kingdom.
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Roundup: Bagger Dave's expanding area presence

June 4, 2013
Comments(28)
Bagger Dave's leads the Retail Roundup, with plans to open a restaurant in Avon next month and another in Greenwood in October. The Michigan-based chain's lone location is on Indianapolis' northwest side.
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Cinema grill plans $4.6M renovation of local theater

May 31, 2013
Comments(5)
Dallas-based Studio Movie Grill says it will invest $4.6 million in a theater building near 86th Street and Michigan Road and should be operating by September. When finished, the facility will sport 13 screens and 1,800 seats.
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New Dunkin building design reveals second level

May 30, 2013
Comments(10)
Under Keystone Group's tentative plans, the developer would add a second story to the building at the high-profile corner of Washington and Pennsylvania streets in hopes of luring a national restaurant.
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Hardware store owner drops unusual helipad request

May 29, 2013
Comments(12)
Keith Payne, owner of North Meridian Hardware, had hoped to receive city approval to add a helipad to his store's roof before neighborhood concerns caused him to shelve the unusual request.
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Former Dunkin building targeted for major renovation

May 22, 2013
Comments(23)
Several local real estate sources say Keystone Group CEO Ersal Ozdemir is close to purchasing the former home of Dunkin Donuts. His plans for the building at the high-profile corner of Washington and Pennsylvania streets include adding a second story.
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New type of cinema grill eyeing Indianapolis

May 22, 2013
Comments(10)
Flix Brewhouse in Texas is looking to expand, real estate sources say, and Indianapolis is on the list of cities it's eyeing. Flix shows first-run movies while serving its own beers.
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New Steak n Shake signage includes name of parent

May 21, 2013
Comments(35)
Sardar Biglari, who operates San Antonio-based Biglari Holdings Inc., parent of the iconic Steak n Shake chain, wants the public to know who owns Steak n Shake, judging from new signage unveiled in Las Vegas.
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Wheels in motion to select developer of MSA site

May 16, 2013
Comments(46)
City officials began interviewing candidates this week to redevelop a downtown parking lot where Market Square Arena once stood. The city last month received bids from six teams, the names of which have been provided by officials.
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Developer of Star building dubs project Pulliam Square

May 15, 2013
Comments(14)
The buyer of the Indianapolis Star building has tapped into the newspaper's rich history by naming a mixed-use development to be built on the property Pulliam Square. Eugene C. Pulliam bought the newspaper in 1944 and his family led it for more than 50 years.

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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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