A prime block of Fountain Square real estate is on the market. Businessman Don Swayze
is asking $1.2 million for two buildings and a used-car lot he owns along Virginia Avenue. Jesse Snyder with ReMax has the
listing. The buildings are home to Luxor Restaurant, Days Gone By antique shop and 13 apartment units. A few years ago, Starbucks
considered opening on the corner but a deal never materialized. What would you like to see here? Any other Fountain Square
news?
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Welcome to Property Lines, Indy's source for neighborhood real estate news. Your host is Scott Olson, IBJ's real estate beat
reporter. Edited by Cory Schouten.
A prime block of Fountain Square real estate is on the market. Businessman Don Swayze
is asking $1.2 million for two buildings and a used-car lot he owns along Virginia Avenue. Jesse Snyder with ReMax has the
listing. The buildings are home to Luxor Restaurant, Days Gone By antique shop and 13 apartment units. A few years ago, Starbucks
considered opening on the corner but a deal never materialized. What would you like to see here? Any other Fountain Square
news?
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On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
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It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.
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Greenwood was scammed. Somebody didn't do due diligence in checking out the claims of this company. The manufacturing of insulin can't be done on the cheap. If it could be done, some big generic company would already have it on the market. The founder was either a scammer or a wild-eyed dreamer who made people believe that his Lilly experience was what they needed to make millions of dollars. Greenwood fell for a get-rich-quick scheme but smarter investors didn't make the same mistake.
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DV, your list is not reasonable. For example, mass transit in Chicago does not benefit the poor Illinois farmer living on the Iowa border. So, there is no need for mass transit in Indy to benefit the retired widow living in Jasper, Indiana. Your comments, therefore, cannot be taken seriously yet it does reveal the narrow viewpoints that are robust here in Indiana. Mass transit works, even if not everyone in the city or state uses it.
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To Me Tim McGraw's Tight Muscles are Truly Magical
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Don't look too hard at Applebee's. They are in dire financial straights and are seeking a suitor.
BAM!!!!
It takes $$, folks, and there aren't many people who'll want to just GIVE goods away!
It may take some anchor to generate more outside appreciation for the neighborhood. And take Starbucks, for an example: it isn't some Village Pantry or McDonalds or Taco Bell. It's a non-flashy, strong brand that can attract foot traffic and perhaps help generate a demand for other quality establishments.
I thought IHOP was buying Applebee's? And is MacAlister Deli part of the Applebee's family?
Dustin,
mini-Walmart? Don't you mean a Dollar General?
Benjamin,
Sorry, it's Friday and all in good fun, so don't forget that Broad Ripple supports a Starbucks plus two independent coffee shops, on top of Eistein and Scholar's Inn...most independent coffee shops think a Starbucks helps, not hurts traffic.
http://www.indygov.org/NR/rdonlyres/3747F015-8F6A-4DA7-8259-494742953DA9/0/fountainsquaremap.jpg
http://www.tuxedoparkbrewers.com/
You're right, it is IHOP that is buying Applebee's, but Applebee's definately needed the help.
Dustin,
You should keep your posts on a site for mindless meanderings.
(j/k)
I'm glad you find it amusing to project yourself as some form of an intelligent crinoid because you apparently can't take a joke for only a minute. But that's ok! Feel free to think what you want, I just know that you're obsessed with yourself.
It sounds like some of you haven't been there lately. Things are moving forward at a nice pace. We have Cognizant Coffee now...we don't need no stinkin' Starbucks. Have any of you been to Luxor (in the building that is for sale)? Their food is amazing!
Tearing it down would just take character away from FS, not to mention a chunk of commercial history. Hopefully some people renovate them and fill in the parking lot. I'd hate to see the two structures demolished, or atleast the 19th century one.
Who are these idiots talking about an Applebee's and Outback Steakhouse? Move to the suburbs if you want that garbage.
$1.2 million dollars? Wow. You can get a 14,000 sq. ft. building just up the street on Virginia (n/e corner of McCarty & Va.) for $1.2, and it's in much better shape...just minus the proximity to the fountain. Ever been in those buildings? They need a million dollars worth of renovations to attract a solid tenant.
Antique stores and artist studios are great, but they don't lend to well balanced economic viability. We need residents, not renters around here, so that the residents can support someone who wants to put their blood sweat and tears into a business. Cognizant is great, and I hope they do well, because this isn't much of a fancy coffee-drinking neighborhood. When people in the surrounding neighborhood start demanding more local establishments for services, businesses will be able to afford to offer higher quality services.
We ARE getting there though!
own their building and grow with the area. You have 3 years then it will be too late
I predict. We can make it the best place to see art and to hear music and to eat
great food and to live inexpensively. I saw what Linton had done down here and I
wanted to be as close as I could get to him so I bought Radio Radio 1/2 away :)
He had the vision early on and the area owes alot to him.
It does take committment, heart, vision, and $$ to keep a service business open looking ahead to the eventual arrival of the supporting clientelle. $1.2M may be the going rate, but to maintain the FS flavor and NOT turn it into another BR with bar-after-bar, will take someone with perhaps more heart and vision than $$.
I applaud Swayze for sticking around for 25 years, but this is not the time to drop the big $$ bomb on a neighborhood he has supported. I understand the market will set a price and equally dictate the buyer. My point is that short-sightedness (our politicians are repleat with it) gets no one anywhere. Look ahead!