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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
Wheels in motion to select developer of MSA site
May 16, 2013
Comments(38)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(50)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(4)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$1.4M revival planned for historic Oxmoor apartments
March 21, 2013
Comments(8)The abandoned Oxmoor Apartments on Indianapolis’ near-north side is about to be revived, thanks to a $1.4 million renovation
set to be completed in July.
MoreNew hope for crumbling Washington Street building
March 20, 2013
Comments(7)The new owners of a pre-Civil War building that is one of downtown's oldest surviving structures are removing metal paneling
to determine whether the four-story building could withstand a façade improvement project.
MoreReverie Estates plans Irvington apartment project
March 14, 2013
Comments(3)Locally based Reverie Estates has purchased the 53-unit Butler Apartments along Washington Street in Irvington and plans an
extensive renovation.
More
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In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.
I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?
Perhaps the IMA board is really to blame! They agreed to hire Charles. They can't seemingly find donors among themselves, or bring in new blood that will support the museums operating budget with an expanded museum and money to provide curators with something to do (ie buy art). The headlines of disarray at the museum and mass firings are hurting the reputation of the museum for some time to come. If people on the board had misgivings, perhaps they shpuld have more forcefully opposed efforts that they have seemingly been unable to fund, like expansion and the costs it has created!
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.
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.