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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
Thoughts on skyscraper's new look?
June 27, 2007
Comments(19)The new facade for One Indiana Square was unveiled shortly before this blog began, so we haven't discussed
it yet. Here's your chance. The project to replace the storm-damaged facade has begun...
MoreCanal complex wins city incentives
June 26, 2007
Comments(9)A new apartment and retail complex along the canal has won a 10-year tax abatement worth $2.7 million. The
Cosmopolitan on the Canal project, by locally based Flaherty & Collins Properties, is...
MoreNew look for convention center
June 25, 2007
Comments(25)Locally based Ratio Architects this afternoon unveiled final plans for a 420,000-square-foot expansion of the
Indiana Convention Center. It includes 254,000 square feet of additional exhibit space, 63,000...
MoreFood news: Mexican, Cuban coming
June 25, 2007
Comments(3)Deals are in the works for two new restaurants downtown: a Mexican joint and a Cuban joint. Adobo Grill
is expected to complete a deal this week to take about 6,000 square feet...
MoreWalsingham parking hurdle cleared?
June 25, 2007
Comments(12)For about two years, a lack of parking has delayed a condo conversion at the historic Walsingham Apartments
(pictured here, courtesy of Indiana Historical Society) at Delaware and 16th streets. But now, an...
MoreBank leaving flagship corner
June 22, 2007
Comments(16)Flagstar Bank will likely vacate one of downtown's highest visibility corners, at Meridian and Washington streets,
later this year. Midland Atlantic is marketing the 3,500-square-foot space in 2 N. Meridian St. as an...
MoreJefferson Plaza revamp underway
June 21, 2007
Comments(7)Downtown's Jefferson Plaza is getting a facelift and a new name. Developer J. Greg Allen says he's talking
with three potential restaurants interested in opening on the first floor with outdoor dining...
MoreA new vision for Speedway
June 20, 2007
Comments(11)The Speedway Redevelopment Commission has unveiled its vision for the redevelopment of 400 acres bordered by
Main Street, Olin Avenue, and 10th and 16th streets. They're calling it The Speed Zone and want...
More4 beds, 2 baths and a billboard
June 19, 2007
Comments(11)If you've driven north on Delaware Street toward 16th, you've seen this billboard. But did you notice the
Herron-Morton home behind it? The house is for sale, and it's one of the most interesting listing I've seen
in a while....
MoreA 'bounce house' to rule them all
June 19, 2007
Comments(5)This has to be the coolest use of warehouse space yet. A Fishers company called BounceZone has leased 12,000
square feet northwest of 146th Street and Cumberland Road in Noblesville with plans...
MoreBonefish Grill in Avon closes
June 18, 2007
Comments(6)Is Indy losing its status as a chain-restaurant darling? Another popular restaurant has closed, this time
the Bonefish Grill in Avon. Other area Bonefish Grill restaurants remain open. The concept is owned by...
MoreTown Center eyed for Bloomington
June 18, 2007
Comments(7)One of the companies promoting Hamilton County's Saxony is also leasing a new town center project in Bloomington.
The 575-acre development would sit northwest of the intersection of State Road 37 and...
MoreProminent developer looking at Indy
June 15, 2007
Comments(8)The founder of the country's largest black-owned real estate firm, R. Donahue Peebles, spoke at the Madam
C.J. Walker Theater earlier this week. His company, Peebles Corp., has $4 billion in projects currently...
MoreTower House on Meridian
June 14, 2007
Comments(24)Here's a rendering for the $50-million project I wrote about yesterday. The Tower House on Meridian proposal
incorporates the existing Grain Dealers Mutual Insurance building along Meridian Street and would add a 14-story...
MoreBeat goes on at Verizon
June 14, 2007
Comments(4)Will the owners of Verizon Wireless Music Center find a buyer? So far, the answer is no. Several brokers
say the unofficial asking price of more than $40 million is...
MoreCity to review $50M project
June 13, 2007
Comments(25)A redevelopment proposal for the north end of downtown is up for zoning approval at 1 p.m. Thursday. If
developers can secure financing and city approval, the $50-million project would incorporate the...
MoreAround town retail roundup
June 13, 2007
Comments(10)Several new stores and restaurants have filed plans to open locations all over the city. Wherever you live,
chances are there's something coming nearby. North: The area's first location for salad-focused Tossed...
MoreRed Robin, Red Robin ...
June 12, 2007
Comments(11)Colorado-based burger chain Red Robin is entering the Indianapolis market in a big way starting later this
month. The chain plans to open its first location in Plainfield on June 18. It...
MoreOverhaul underway on IPS building
June 11, 2007
Comments(8)The administrative building for Indianapolis Public Schools is getting a $3.2 million overhaul to shore up
two levels of parking. Workers have removed the facade from most of the second and third floors
More
MoreCabela's getting $18M in city bonds
June 11, 2007
Comments(10)The city of Greenwood plans to help with financing on a Cabela's store at the southeast corner of Interstate
65 and County Line Road. The Nebraska-based outdoors retailing giant has a deal to...
MoreFresh Market delayed but still a go
June 7, 2007
Comments(17)Since crews finished clearing the old Atlas Supermarket site in March, the corner has been conspicuously quiet.
The lack of construction work has helped fuel speculation that the deal for a Fresh...
MoreCollege leasing chunk of Lexington
June 7, 2007
Comment(1)A private college system plans to move into the Lexington project at Meridian and 12th Streets downtown.
Brown Mackie College has executed a lease for 25,000 square feet in the 1921 building that...
MoreCarmel mansion is history
June 6, 2007
Comments(11)In the market for a 20,000-square-foot mansion with 4 bedrooms, 7 full baths and 5 partial baths? Too late!
The former home of Dr. Donald Perez and his wife Karen, built in...
MoreD'vine move clears way for big project
June 5, 2007
Comments(4)Premier Properties has taken another step toward its ambitious plan for Woodfield Crossing. The company has
a deal to relocate D'vine A Wine Bar from an existing retail building on the Woodfield property to another
building it owns. 
More
MoreRedevelopment in Greenwood area
June 5, 2007
Comments(5)Southsiders may have wondered what's going on at the northeast corner of Madison Avenue and County Line Road,
across from Lowe's and McDonald's. Well, wonder no more. Locally based Peacock Companies is planning a new
retail strip with outlots including...
More
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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.