Property Lines

Welcome to Property Lines, Indy's favorite source for neighborhood real estate news. Your host, IBJ real estate beat reporter Scott Olson, can be reached at solson@ibj.com.
Real Estate & Retail

No deal yet on JW Marriott

April 19, 2007
The city and two local developers still are working on an agreement for a $250-million hotel complex including a JW Marriott near White River State Park. The parties had hoped to reach agreement by April 1. There are no hangups preventing the deal, only many details to work out, Barbara Lawrence, executive director of the Indianapolis Local Public Improvement Bond Bank, tells Property Lines. The details include a new look for the 1,000-room hotel. The developer, a partnership of Merrillville-based White Lodging Services Corp. and Indianapolis-based REI Real Estate Services, could get city incentives worth about $48.5 million.
ADVERTISEMENT
Comments powered by Disqus