Recent Blog Posts

Dunkin may replace Panda

November 1, 2007
Comments(24)
A shakeup continues for street-level retail on Washington Street downtown. Panda Express plans to close its store in the former Roselyn Bakery at Washington and Pennsylvania streets, and a deal is...
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Furs, golf, fitness and Whac-A-Mole

October 31, 2007
Comments(15)
A couple of nuggets from recent development plans: Making Way for Venu: Another Woodfield Centre tenant is moving to make way for redevelopment. Elan Furs has filed plans to take space in Clearwater Shoppes...
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A wildlife-friendly business park

October 30, 2007
Comments(17)
Holladay Properties and the Indiana Wildlife Federation plan to dedicate the state's first "Certified Wildlife-Friendly Development" at an event tomorrow. The 1,500-acre AmeriPlex Business Park, southwest of the Airport, won the designation by...
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How much is this land worth?

October 30, 2007
Comments(15)
State officials are challenging a $7-million assessment for a 2.3-acre parking lot sandwiched between the RCA Dome and Lucas Oil Stadium. The state has launched eminent domain proceedings, and the owner isn't...
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Whole Foods and a retractable roof

October 27, 2007
Comments(18)
Premier Properties, the developer of Venu at 86th Street and Keystone Avenue, has acquired a 13-acre property across the street where another developer had planned to build a Whole Foods and condos. Premier...
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Saxony map features upscale tenants

October 26, 2007
Comments(29)
Is it a wish list, or are some of the nation's top retailers eyeing the Saxony project in Hamilton County? Some big names, including Lacoste, North Face and Polo, appear on a map...
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Westfield's booming growth

October 25, 2007
Comments(37)
The 19-square-mile, 24,000-population town of Westfield could balloon to 56 square miles and 110,000 people in the next several years. More than 11,000 new homes are in the works. And the residential rush...
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Brokerage firm buys building

October 24, 2007
Comments(27)
A local brokerage firm that specializes in foreclosed properties is moving its headquarters from North Meridian to a 6,700-square-foot office building at 1236-1238 Pennsylvania St. Wynkoop Brokerage bought the building shown...
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Deflating the Dome

October 22, 2007
Comments(10)
Demolition crews will begin letting air out of the RCA Dome as early as next spring. Deflating and removing the Dome's fabric roof is the first step of a five-month demolition process,...
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Cultural Trail takes shape

October 22, 2007
Comments(22)
How much will the Indianapolis Cultural Trail affect real estate downtown? What do you think of it? The $50-million bike and pedestrian path eventually will connect downtown's five cultural districts. Funding comes...
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Penn Centre at street level

October 18, 2007
Comments(30)
Here are two street-level renderings of Penn Centre, courtesy of Browning Day Mullins Dierdorf. The first shows the Omega Building along Maryland Street, and the second is a view from Pennsylvania Street. These still are early concepts and the developers...
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These colors don't run

October 17, 2007
Comments(14)
Work on the renovation of Jefferson Plaza (soon to be Allen Plaza) began this week as construction workers raised an Allen Commercial Group flag over the plaza. It replaces a worn-out state...
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It's time for a retail roundup

October 17, 2007
Comments(14)
Southport shakeup. Big changes are underway at Southport and Gray roads on the south side. An LA Fitness, the city's third, is under construction on 4.5 acres west of Gray Road. The...
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No alcohol at Champps

October 16, 2007
Comments(11)
Champps near The Fashion Mall at Keystone can't serve alcohol for 15 days because of an excise violation in 2005. The suspension is part of an agreement the restaurant reached with the state...
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Condos in Ripple & Cottage Home

October 15, 2007
Comments(28)
A developer is taking another shot at a condo project along Winthrop Avenue in Broad Ripple. The project was denied at a rezoning hearing June 20. The Metropolitan Development Commission is scheduled to consider a new plan Wednesday that calls...
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Highway project could swallow hotel

October 15, 2007
Comments(24)
A $600-million plan to revamp interstates 465 and 69 on the northeast side could have a major impact on buildings near the highways. Several properties, including a couple of office buildings, some...
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Drumroll, please: Buggs to open

October 11, 2007
Comments(21)
Three dining options at Buggs Temple are scheduled to open Oct. 19. They include Tavern at the Temple, Buggs Grille and Cornerstone Coffee House. Staff training is scheduled to begin tomorrow and...
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Developer drops pursuit of condos

October 10, 2007
Comments(8)
A local developer has dropped its effort to buy out 77 condo owners southeast of 86th Street and Keystone Avenue, at least for now. Residents of the condo development, Lakes...
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Join IBJ at awards dinner

October 8, 2007
Comments(7)
The not-for-profit group Keep Indianapolis Beautiful is planning its 30th annual A Monumental Affair, a gala event honoring the city's top architecture, construction, engineering and design. Interested in attending? IBJ is saving space...
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Thoughts on Ralston Square?

October 7, 2007
Comments(30)
Here are two renderings of the proposed Ralston Square project. The $60 million South Street project, named in honor of the original planner for Indianapolis, would feature a 150-room hotel, 55 condos, a 617-space parking garage and 41,000 square feet...
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Penn Centre, in color

October 4, 2007
Comments(44)
What do you think of the latest rendering of Penn Centre? The plans, designed by Browning Day Mullins Dierdorf, call for a 240-room Le Meridien hotel, 150-room aloft hotel,...
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City denies Bush Stadium reports

October 4, 2007
Comments(9)
The city has not decided whether to tear down Bush Stadium, spokeswomen for the mayor and the Department of Metropolitan Development said this afternoon, denying news reports. WTHR reported on its Web...
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Penn Centre wins approval

October 4, 2007
Comments(18)
The Indianapolis Historic Preservation Commission gave its unanimous approval last night for Penn Centre, a massive hotel, residential and restaurant development across from Conseco Fieldhouse. The next step is to add more...
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A cleaner Canal

October 3, 2007
Comments(18)
The city has agreed to pay a Kokomo company up to $423,000 to clean the Central Canal from 11th Street to the White River. The deal with biosolids management firm Merrell Bros....
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R.I.P. Marquis Tower?

October 3, 2007
Comments(20)
A 24-year-old's dream for a twisting downtown apartment tower has run into a brick wall. Jaron Garrett couldn't raise enough money to exercise contracts on the run-down properties he had hoped to...
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