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

Jefferson Plaza revamp underway

June 21, 2007

Downtown's Jefferson Plaza is getting a facelift and a new name. Developer J. Greg Allen says he's Jefferson Plazatalking with three potential restaurants interested in opening on the first floor with outdoor dining on the plaza. He would not name the restaurants but said each would be new to Indianapolis. The 90,000-square-foot former bank building along Pennsylvania Street just south of Washington Street also will be getting a new name: Allen Plaza. The $12-million renovation project includes a facade touch-up (shown here) and 30 new condos ranging up to $1 million on the top five floors. The second, third and fourth floors will be offices.
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