Developer eyes Penn Centre as it wraps up Allen Plaza

November 19, 2009
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Allen Commercial Group is offering for sale the first of 30 condos in its flagship nine-story Allen Plaza building along Pennsylvania Street downtown. The $14-million project includes five floors of condos, three floors of office space and Scotty's Brewhouse on the ground floor. And the firm, which has moved its headquarters to the building's second floor, is working on a phasing plan for its much-larger Penn Centre proposal. J. Greg Allen proposed the $135-million mix of hotels, condos and restaurants in 2007 for a stretch of surface parking lots across from Conseco Fieldhouse, but he had to put the project on hold when credit markets froze. Allen still owns the land and hopes to finish half of the project in time for the Super Bowl in 2012. Read more about Allen's downtown plans here.

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  • Thank goodness...
    ...for developers like J. Greg Allen. I really wish him the best with Penn Centre as I see it as one of the most important downtown projects in many years. I have confidence that this guy will get it done!!!
  • Good Job
    Allen Plaza looks great and he has helped give life to long dormant area of downtown.

    I wish him the very best.
  • For Greg Allen, it is an ego thing. And for Indy that is a good thing. He is more liekly to push a project through that may not have the profit margin other developers want because it strokes his ego. I would expect him to develop Penn Centre or go bankrupt trying.
  • mind-blowing insight
    I think for most businessmen it's an "ego thing" Indyman.

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  1. A Tilted Kilt at a water park themed hotel? Who planned that one? I guess the Dad's need something to do while the kids are on the water slides.

  2. Don't come down on the fair for offering drinks. This is a craft and certainly one that belongs in agriculture due to ingredients. And for those worrying about how much you can drink. I'm sure it's more to do with liability than anything else. They don't want people suing for being over served. If you want a buzz, do a little pre-drinking before you go.

  3. I don't drink but go into this "controlled area" so my friend can drink. They have their 3 drink limit and then I give my friend my 3 drink limit. How is the fair going to control this very likely situation????

  4. I feel the conditions of the alcohol sales are a bit heavy handed, but you need to realize this is the first year in quite some time that beer & wine will be sold at the fair. They're starting off slowly to get a gauge on how it will perform this year - I would assume if everything goes fine that they relax some of the limits in the next year or couple of years. That said, I think requiring the consumption of alcohol to only occur in the beer tent is a bit much. That is going to be an awkward situation for those with minors - "Honey, I'm getting a beer... Ok, sure go ahead... Alright see you in just a min- half an hour."

  5. This might be an effort on the part of the State Fair Board to manage the risk until they get a better feel for it. However, the blanket notion that alcohol should not be served at "family oriented" events is perhaps an oversimplification. and not too realistic. For 15 years, I was a volunteer at the Indianapolis Air Show, which was as family oriented an event as it gets. We sold beer donated by Monarch Beverage Company and served by licensed and trained employees of United Package Liquors who were unpaid volunteers. And where did that money go? To central Indiana children's charities, including Riley Hospital for Children! It's all about managing the risk.

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