A three-year project to build a new convention headquarters hotel along West Street now is scheduled to begin on June
1, immediately after the Indianapolis 500, said Mike Wells of developer REI Investments, which is working with White Lodging
on the project. The first order of business for the $425-million JW Marriott development: Partial demolition of an existing
Courtyard by Marriott and closure of a TGI Friday's restaurant. The development team has sent out bids for the work. Wells
said renderings of the hotel's interior will be available soon. Stay tuned.
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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 three-year project to build a new convention headquarters hotel along West Street now is scheduled to begin on June
1, immediately after the Indianapolis 500, said Mike Wells of developer REI Investments, which is working with White Lodging
on the project. The first order of business for the $425-million JW Marriott development: Partial demolition of an existing
Courtyard by Marriott and closure of a TGI Friday's restaurant. The development team has sent out bids for the work. Wells
said renderings of the hotel's interior will be available soon. Stay tuned.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
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I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
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Pimlico
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While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
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The designs for the third hotel (to be located on the southwest corner of the site) have not yet been finalized although it is expected to be anywhere from 8-12 storeys tall. Also, that third building will have a sizable setback with a large parking lot in front. CorND: it is my understanding that Fridays (albeit a renovated one) will remain a part of the hotel complex after project completion. Sorry :-(
I'm not kidding.
To clarify, the main tower will feature underground parking but yes, the third tower will have definitely have some surface parking.
I think that this tower, although nothing ground-breaking, is going to look much better than you think. I like it and think it will add tremendously to our skyline. And, as an FYI, Signature Tower in Nashville still has no construction date and no SIGNED sales contracts for any of the condos. As for Museum Spasm in Louisville...never going to happen. They broke ground only to remove all construction equipment because the developers hadn't secured all financing (there is some construction spin being tossed around that there were foundation issues). Don't hold you breath on either of those towers being built. They were both born out of speculation at a time when the market could have been risky. At least our new tower is based off of need, not hope.
I have been told that the main tower will be built last. Is there any truth to this?
Not to sure about Nashville, but for Lousiville I beg to differ...
http://www.whas11.com/news/local/stories/whas11_topstory_080402_louisville.25c4e26b.html?npc
If they weren't so fixated on reusing the current Courtyard building, they could have used The Urbanophile's idea of a single, central loading area for every building on the site.
http://theurbanophile.blogspot.com/2008/01/hotel-mundane-no-more.html
Indianapolis has done better in recent years, more vision would be a plus but I wouldnt call this hotel project part of the problem.
Louisville is the arm pit of America...happy? I am not a Louisville hater at all...HOWEVER, I am a hater of any person who tries to spin Louisville into some urban mecca while simultaneously running Indy into the ground. There is a huge difference. The Ville has a number of things that I wish were here in Indy.
Joanie-
I am very well-read on the Museum Spasm project and, barring devine intervention, the thing will not be built...at least in the capacity publicisized. The spin that Louisville is getting now is the exact same thing that happened with the MSA site here a few years ago. Agreements being signed with the city guaranteeing construction by a certain date, redesigns of the website and new floor plans & price points for the condos, etc. BEEN THERE DONE THAT. The fact that they REMOVED ALL CONSTRUCTION equipment from the site and actually canceled delivery of the cranes speaks to the reality of the project.
NOW, concering Indy's guaranteed new tower, will this be built after the smaller two or will it all happen at the same time?
Thanks.
Noteworthy is that the developer is proposing to vacate all of the public right-of-way, including sidewalks, up to the curbline of all the surrounding streets. When they have determined how much space they need the buildings to take up, they will dedicate back whatever is left to the public for sidewalks. I hope the city doesn't end up with a narrow curbside sidewalk that barely accommodates two people passing, while 40+MPH traffic zooms by on the street.
To compare Louisville downtown revitialization with Indy's is a joke.
4th Street Live...please a hand full of bars and a CVS and Borders...common. Some one told me 4.5 milliion people a year visist 4th street live...that is almost the entire state of kentucky. That muse be on heck of a popular CVS, T mobile strore and Borders.
According to the U.S. Census Bureau, the population for the metropolitan statistical area (MSA) of Indianapolis-Carmel is 1,695,037. This makes us the 32nd largest such area in the United States.
Okay, okay, what about the other surrounding counties? A more comprehensive statistical analysis is the combined statistical area (CSA), also measured by the U.S. Census Bureau and the Office of Management and Budget (OMB). Using CSA metrics, the population of the Indianapolis metro area is 2,014,000, making us the 23rd largest such area in the United States.
The only way Indianapolis can be considered the 13th largest city is by measuring only the population of the city proper; when we do this, we have a population of about 786,000. If this is how you want to rank cities, go right ahead...but remember when ranking populations without regard to the entire statistical or urbanized area, you are saying Indianapolis is bigger than San Francisco. Hardly!
The best way to measure the true size of a city is by its urban agglomeration - or total urbanized area. This is measured by the population located in contiguous census block groups with a population of at least 1,000 per square mile. Using this preferred method of measurement, Indianapolis is ranked 33rd in the country.
For the sake of our already bruised egos, however, I will stick to the CSA calculations...but that still means we are about the 20th largest city in America. If you've been to most cities in America recently, you know that many formerly comparable cities boomed big time in the 90s and have left us in the dust.
A positive spin on this: for not being one of the fifteen largest cities, we are doing pretty well. We're not a dynamic, cosmopolitan city like some other places and we are not going to be anytime soon, if ever. Be happy with what we have...we have a lot of a medium sized city.
40MpH on West St? I would pass you like you were standing still.
I'm sure you would. I was giving the benefit of the doubt that some cars might be slowing slightly for the curve along Maryland Street. But if the sidewalks don't work out, at least we'll have the planned ped bridge to the state parking garage.
But in fact Indy proper migh acutally be. Just like Louisville proper is actually smaller than Lexington KY.