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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.
Recent Blog Posts
Former Dunkin building targeted for major renovation
May 22, 2013
Comments(17)Several local real estate sources say Keystone Group CEO Ersal Ozdemir is close to purchasing the former home of Dunkin Donuts.
His plans for the building at the high-profile corner of Washington and Pennsylvania streets include adding a second story.
MoreNew type of cinema grill eyeing Indianapolis
May 22, 2013
Comments(9)Flix Brewhouse in Texas is looking to expand, real estate sources say, and Indianapolis is on the list of cities it's eyeing.
Flix shows first-run movies while serving its own beers.
MoreNew Steak n Shake signage includes name of parent
May 21, 2013
Comments(34)Sardar Biglari, who operates San Antonio-based Biglari Holdings Inc., parent of the iconic Steak n Shake chain, wants the
public to know who owns Steak n Shake, judging from new signage unveiled in Las Vegas.
MoreWheels in motion to select developer of MSA site
May 16, 2013
Comments(42)City officials began interviewing candidates this week to redevelop a downtown parking lot where Market Square Arena once
stood. The city last month received bids from six teams, the names of which have been provided by officials.
MoreDeveloper of Star building dubs project Pulliam Square
May 15, 2013
Comments(13)The buyer of the Indianapolis Star building has tapped into the newspaper's rich history by naming a mixed-use
development to be built on the property Pulliam Square. Eugene C. Pulliam bought the newspaper in 1944 and his family led
it for more than 50 years.
MoreKing David selling beer; South of Chicago expanding
May 13, 2013
Comments(17)The downtown hot dog joint has begun offering Sun King brews and has expanded its hours, while South of Chicago on Virginia
Avenue is looking to take its deep dish pizza to Hamilton County.
MoreLocal soul food favorite hopes to build new restaurant
May 9, 2013
Comments(19)Kountry Kitchen Soul Food Place is seeking to build a new restaurant just south of its current location. Plans call for a
two-story structure, large enough to hold banquets, to be constructed on a vacant lot near College Avenue and 19th Street.
MoreRoundup: Graeter's coming; Currito closes mall location
May 6, 2013
Comments(23)A couple of out-of-state ice cream franchises, including the Cincinnati stalwart Graeter's, are set to open their first Indianapolis
locations. A Graeter's franchisee says he's close to signing a lease and should announce the location soon.
MoreMilhaus set to launch $26M downtown apartment project
May 2, 2013
Comments(31)Milhaus Development is set to begin construction this summer on a $26 million apartment project on College Avenue that will
include 236 units. The first ones should be available next spring.
MoreLong-awaited Meijer store finally may get built
May 1, 2013
Comments(7)A state filing shows Meijer may be ready to begin constructing a store within Duke Realty Corp.'s Anson development near Whitestown.
MoreAnother breakfast concept coming to Indianapolis area
April 29, 2013
Comments(10)The Egg & I joins national chains such as Another Broken Egg and First Watch that have found the Indianapolis area to
be an attractive breakfast market.
More2 local sites make annual 'Most Endangered' list
April 25, 2013
Comments(16)New to this year's lineup, announced Thursday morning by Indiana Landmarks, are the Flanner House Homes Historic District
and Phillips Temple. Several homes in the district, in addition to the temple, are in danger of being demolished.
MoreRoundup: Two new offerings coming to Castleton mall
April 24, 2013
Comments(7)Castleton Square Mall is set to welcome a couple of new entries to its food court lineup, including a restaurant that made
its Indianapolis debut just last year. Also, the yogurt craze continues.
MoreBids to redevelop MSA site top out at 52 stories tall
April 22, 2013
Comments(57)The renewed interest in the site, where previous attempts at redevelopment in 2004 and 2007 failed, comes after Indianapolis Mayor Greg Ballard called for new proposals during his State of the City speech in March.
Browning reveals design for $17M Broad Ripple project
April 18, 2013
Comments(51)Local developer Browning Investments is pushing forward with a new rendering for its plans to build a mixed-use development on land it previously pitched as a potential site for the Broad Ripple parking garage.
Architectural firm relocating entrance to face Mass Ave
April 17, 2013
Comments(5)Schmidt Associates, which is designing a massive redevelopment up the street from its office, is moving its entrance to face
bustling Massachusetts Avenue. When the firm bought the buildings in 1986 that it occupies, it made better business sense
to face Vermont Street, CEO Wayne Schmidt said.
MoreInternational Marketplace central to Lafayette Road redevelopment project
April 15, 2013
Comments(19)The area near Lafayette Square Mall hasn’t exactly been a magnet for redevelopment lately. But city officials hope to
change that with a plan to reposition the area as International Marketplace.
MoreFranklin taking bids on historic Old City Hall
April 11, 2013
Comments(0)Franklin officials are soliciting bids to purchase and renovate the “Old City Hall” building in the downtown area
of the city south of Indianapolis. The starting offer is $212,500 for the former U.S. Post Office built in 1936.
MoreRoundup: Indy Swirl yogurt coming to Monument Circle
April 9, 2013
Comments(13)Indy Swirl, the latest offering from South Bend Chocolate Co., is set to open early next month.
MoreSelling 14 West building proving to be quite difficult
April 4, 2013
Comments(14)With an asking price in the neighborhood of $4 million and no serious offers, the listing agent attempted to generate additional
interest through a “call for offers.”
MoreBrowning plans apartments for Broad Ripple property
April 3, 2013
Comments(47)The local developer said it plans 60 to 70 apartments on the northeast corner of College Avenue and the Central Canal as part
of a mixed-use development.
MoreRoundup: Dunkin closing downtown, Yats opening
March 29, 2013
Comments(6)Dunkin Donuts will close its downtown location on East Washington Street on Saturday and is directing customers to its store
down the street within Bankers Life Fieldhouse.
More$17M senior community planned for Solana project
March 27, 2013
Comments(5)A Carmel-based developer plans to break ground soon on a $17 million senior-living community south of Keystone at the Crossing
dubbed Traditions at Solana.
MoreChipotle headed downtown to Washington and Meridian
March 26, 2013
Comments(5)Local retail brokers say Chipotle will occupy the first-floor space of a three-story retail and office building slated to
fill the vacant lot at 6 E. Washington St.
MoreA milestone and a transition for the Property Lines blog
March 21, 2013
Comments(20)From Cory Schouten: For six years, I've used this space mostly to share nuggets I found interesting about real estate
in my hometown.
More
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So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.
Owner occupied housing. Clear enough?
So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.
Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.
RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.