Property Lines

Welcome to Property Lines, Indy's source for neighborhood real estate news. Your host is Scott Olson, IBJ's real estate beat reporter. Founded by Cory Schouten.

City Market proposals: Microbrewery, bicycle hub, agriculture showcase

Six groups are vying to lead a redevelopment effort for the struggling Indianapolis City Market. Check out summaries of each of the proposals.
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New mayor, now what?

Real estate developers today are trying to sort out the implications of a major upset in the mayor's race. The mayor-elect, Republican Greg Ballard (pictured), didn't reveal much about his philosophy on...
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Another delay for MSA

Hopes for a quick decision on who will redevelop the Market Square Arena site are quickly fading. City officials had promised a decision by July at the latest, but the political climate...
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Open thread: What's happening?

Your Friday gift: An open thread to discuss whatever real estate topics are on your minds. Fashion Mall? MSA? Penn Centre? The new BMW ad on this blog? We're classin' it...
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Hurry up and wait for MSA

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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Curious price estimates?

A self-imposed MSA moratorium begins after this post. But I can't help but ask: How is it that the taller, more ambitious proposal for the Market Square Arena site costs $20 million less? The $130-million proposal for MSA calls for...
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Taxpayers' MSA price uncertain

Neither of the teams hoping to redevelop the Market Square Arena site mention a specific figure for city incentive in documents filed with the city, but both say they need public money to make their projects work. In the $150-million...
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Office Space, anyone?

There's plenty available. New numbers from Colliers Turley Martin Tucker show office vacancy rates all over the city rose in the first quarter of 2007. Downtown's vacancy rate took a beating again, rising...
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Your turn: MSA

Only two teams are competing to redevelop the Market Square Arena site, fewer than many had expected. Both proposals call for mid-rise projects that would include retail and residential components. Check out the renderings and more details below. What does...
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Target proposed for MSA site

A partnership of Hearthview Residential, Mansur Real Estate Services, Lauth and Venture Real Estate has proposed a complex including a 14-story tower along with a Target store, office space and condos for the...
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