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Commercial Real Estate
Athenaeum weighs bids for surface lot redevelopment
May 18, 2013
Scott OlsonThree developers are competing to build a mixed-use project likely to include a parking garage on a surface lot adjacent to
the historic Athenaeum building.
MoreOesterle sells land to Angie's List, reaping millions
May 18, 2013
Chris O'MalleyAngie’s List Inc. CEO Bill Oesterle has collected millions of dollars over the years by renting to the company property
for its campus along East Washington Street. Now, the landlord and chief executive is pocketing millions more by selling Angie’s
the property, at well above its assessed value.
MoreDuke's CFO heading to Chicago real estate firm
May 17, 2013
IBJ StaffChristie Kelly is credited with playing a critical role at Duke in helping the company keep a strong financial position during
the recession and economic recovery.
MoreDowntown Lilly building fetches $90 million
May 16, 2013
Scott OlsonAmerican Realty Capital, a real estate investment firm based in New York City, bought the building on South Meridian Street
occupied by Rolls Royce Corp. Lilly vacated the facility in 2010.
MoreKessler Mansion neighbors balk at business uses
May 15, 2013
Dan HumanAn Indianapolis City-County Councilor is looking into the possibility of zoning violations at the massive north-side property.
The mansion will host a camp for entrepreneurs in June.
MoreWhitsett goes big with Star project
May 10, 2013
Scott OlsonA local developer plans to tear down part of the Indianapolis Star’s downtown headquarters while saving most
of the building in a redevelopment that calls for 350 apartments—more units than the massive CityWay.
MoreDeveloper planning $60M project near Ball State
May 10, 2013
Associated PressInvestment Property Advisors of Valparaiso hopes to build a four-story building wrapping around a six-story parking garage
that will have 228 apartments and storefronts on the street level.
MoreDuke Realty puts 17 Midwest office buildings on block
May 10, 2013
Bloomberg NewsThe developer is selling the buildings in Cincinnati, Cleveland and St. Louis to increase its emphasis on industrial properties.
A research firm values them at $149 a square foot, or a total of about $350 million.
MoreCircle Centre hanging in despite anchor vacancy
May 8, 2013
Scott OlsonThe downtown mall last year saw its sales per square foot increase to $354, a 5.3-percent increase from 2011, according to
an annual operating report it provides to the city. But non-anchor occupancy slipped below 90 percent.
MoreArt imitates life in commercial based on Kosene family
May 7, 2013
Chris O'MalleyFormer Indianapolis filmmaker Alex Kosene bases the story in a local advertising shoot for a Swiss watchmaker on his relationship
with his developer dad.
MoreBrowning exec Dye joining The Whitsett Group
May 7, 2013
Scott OlsonDennis Dye will become a partner at Whitsett, a prolific developer of affordable housing. He has served two stints at Browning
totaling about 20 years.
MoreIndiana firms lose ground on Fortune 500 list
May 7, 2013
Mason KingFive of the six Hoosier firms that appear in the 2013 rankings slipped from their positions in last year's list of the largest
U.S. companies.
MoreDeveloper shelves plan to buy city land, build Meijer
May 6, 2013
Scott OlsonOpus Development Corp.'s proposal for the project north of downtown included buying and bulldozing dozens of historic homes
in the Flanner House neighborhood.
MoreStadium Lofts apartment project nears opening day
May 4, 2013
Scott OlsonThe unusual nature of the redevelopment and its location are driving strong leasing activity.
MoreFirst-quarter commercial real estate statistics for Indianapolis
May 4, 2013
Commercial Real Estate Focus sections include statistical snapshots of Indianapolis' multi-tenant office vacancy rates
and the local industrial market.
MoreMeijer might finally be coming to Anson
May 4, 2013
Construction paperwork indicates the store will be almost 200,000 square feet and employ 100 people.
MoreKite Realty reports small loss as revenue rises
May 3, 2013
Scott OlsonThe Indianapolis-based real estate investment trust saw a healthy revenue increase due largely to more signed leases and gains
on the sale of three land parcels.
MoreOwnership snarl resolved, Illinois Building on block
April 27, 2013
Scott OlsonAn affiliate of locally based HDG Mansur has owned the 10-story building at Illinois and Market streets since the 1980s. It’s
sat empty for 10 years, thanks in large part to separate ownership of the building and the land—an arrangement once
common among downtown buildings.
MoreSpeedway's Speed Zone redevelopment project in high gear
April 27, 2013
Anthony SchoettleSome goals have been realized, while others are moving through the pipeline.
MoreDowntown's historic Century Building set for sheriff’s sale
April 26, 2013
Scott OlsonThe 112-year-old office building will return to the market in a precarious position, as a major tenant plans to depart.
MoreMore demand for mall space boosts Simon earnings
April 26, 2013
Bloomberg NewsThe Indianapolis-based owner of retail centers raised its expectations for the fiscal year after reporting solid gains in
occupancy, rent revenue and earnings for the first quarter.
MoreDuke Realty posts profit on sale of properties
April 25, 2013
The Indianapolis-based real estate investment trust rang up earnings of $28 million, mostly due to gains from the sale of
18 properties.
MoreMass Ave business owners split over proposed district tax
April 24, 2013
Kathleen McLaughlinOpponents of a proposed tax to pay for improvements throughout the cultural district have accused tax advocates of rigging
the proposal to ensure its passage.
MoreContractor pleads guilty to fraud involving FBI building
April 23, 2013
Associated PressAn Ohio man has admitted to defrauding more than $225,000 from contractors involved in FBI building projects in Indianapolis
and Knoxville, Tenn.
MoreBanks scale back real estate needs as transactions shift online
April 23, 2013
Scott OlsonAfter zooming higher in the last decade, the number of bank branches in Indiana slipped to 2,056 in 2011, the lowest level
since 2006.
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First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.
I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.
Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??
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.
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.