Recent Blog Posts

Scotty's looking downtown

August 16, 2007
Comments(8)
Scotty's Brewhouse, the Indiana college town institution, is working on plans for new restaurants in downtown Indianapolis, Chicago and Charlotte, N.C. The restaurant would like to locate at Pan Am Plaza, said...
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Feds cancel deal for FBI headquarters

August 15, 2007
Comments(5)
The federal government has canceled a contract with a Missouri developer chosen to build a new FBI field office in Castleton. The U.S. General Services Administration awarded the $38-million contract to Kansas City-based...
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Music Center off the market

August 15, 2007
Comments(27)
Noblesville's Verizon Wireless Music Center is no longer for sale and will host a full lineup of shows in 2008, the facility's general manager, Steve Finkel,...
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Retail Roundup: Of bars and banks

August 15, 2007
Comments(25)
Whether you're looking to save your money or spend it on booze, these nuggets might be of interest: D'Vine A Wine Bar plans to open next Tuesday in its new location along East 82nd Street. The wine bar is taking...
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Indy fitness craze continues

August 14, 2007
Comments(23)
With so many new fitness chains entering the central Indiana market, will Hoosier become synonymous with svelte? The latest additions: A Minnesota fitness chain has plans for new locations in Avon, Brownsburg, Carmel,...
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On a slow Monday, a trip back

August 13, 2007
Comments(16)
Almost 50 years ago, before the City-County Building or Interstate 65, city leaders and planners designed a master plan for the Central Business District. The 42-page document provides some fascinating...
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Still under construction

August 13, 2007
Comments(9)
A new headquarters for Gresk & Singleton Law Firm and Gresk Realty has been "coming soon" northwest of Delaware and 10th streets for the better part of two years. What...
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Open thread: What's happening?

August 9, 2007
Comments(37)
Your Friday gift: An open thread to discuss whatever real estate topics are on your minds. Fashion Mall? MSA? Penn Centre? The new BMW ad on this blog? We're classin' it...
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Simon defending Fashion Mall turf

August 9, 2007
Comments(35)
At least one local broker thinks Simon's plans to expand the Fashion Mall are a competitive jab at Premier Properties, which is planning a mixed-use development called Venu southwest of the intersection of...
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Is this photo illegal?

August 8, 2007
Comments(33)
Should it be against the law to photograph the City-County Building? Some in Indianapolis law enforcement think so. The IBJ photographer was told today that taking pictures of the building is a...
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A brand-new Maxwell rendering

August 7, 2007
Comments(42)
Kosene & Kosene has begun construction on its latest downtown project, the 105-unit Maxwell. The six-story building sits along Ohio Street between Park and East streets and will feature condos starting at...
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At last: Penn Centre rendering

August 3, 2007
Comments(47)
Here's a preliminary rendering of the Penn Centre development planned along Pennsylvania Street between Maryland and Georgia streets. The J. Greg Allen project is being designed by locally based Browning Day Mullins...
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Premier project gets a name: Venu

August 3, 2007
Comments(24)
Premier Properties has unveiled some of the details of its $750-million plan for a huge mixed-use development at the southwest corner of 86th and Keystone Avenue. The project is called Venu, a...
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Plans take shape for IMA park

August 1, 2007
Comments(5)
Contractors are laying the groundwork to start construction on the $50-million Virginia B. Fairbanks Art & Nature Park at the Indianapolis Museum of Art. IMA has chosen a construction manager, The Hagerman Group, and work is slated to begin in...
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City selling Martindale land

August 1, 2007
Comments(7)
City officials are seeking bids to redevelop 7.5 acres northeast of downtown in the Martindale neighborhood. The property is the old Ertel Manufacturing plant at 2045 Dr. Andrew J. Brown Ave. The...
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Gaming chain targets Indy

July 31, 2007
Comment(1)
A California-based chain that sells videogames and gaming equipment has plans for at least two stores in central Indiana. Play N Trade has filed plans for stores in Carmel and Indianapolis....
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Marian College plans new dorm

July 30, 2007
Comments(4)
Marian College is about to add its first new student housing in more than 40 years. Construction is set to begin this summer on a 78-rooms, 144-bed residence hall, designed by...
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New Pan Am owner has retail plans

July 30, 2007
Comments(28)
A Houston firm has agreed to buy Pan Am Plaza's office building, skating rinks and the plaza itself. The company, Principle Equity Management, is planning a low-rise, restaurant-anchored development that would...
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Here comes Spicy Pickle!

July 27, 2007
Comments(9)
A Denver restaurant chain named for the pickles that come on every plate wants to open 10 locations in central Indiana. The 31-restaurant chain plans to begin construction on its first location...
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Beilouny buildings filling up

July 27, 2007
Comments(15)
Beilouny Luxury Properties has lined up Tantrum, a new local clothing boutique, for its 757 Mass Ave building. The company also has been talking with several restaurants about taking an...
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Five Guys has big Indy plans

July 26, 2007
Comments(17)
Five Guys Famous Burgers and Fries has filed plans for a new restaurant near Greenwood and is looking for 10 more locations in Marion County. The chain also is preparing to open...
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West Merrill sketch rendering

July 25, 2007
Comments(22)
By popular demand, here's the other rendering of West Merrill Tower. You can also see it here. This is the side of the building that would face downtown:
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Marsh drops abatement request

July 24, 2007
Comments(14)
Marsh Supermarkets has withdrawn a request for a five-year tax abatement for renovation of the downtown O'Malia's store. Marsh officials notified the city Tuesday, shortly after Property Lines reported on the...
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Another hotel tower proposed

July 24, 2007
Comments(20)
A development team including locally based Prince/Alexander Architects has filed plans to build a 24-story tower between Eli Lilly & Co.'s Faris Campus and Lucas Oil Stadium. The $47-million project calls...
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Tax abatement on Aisle 5

July 24, 2007
Comments(13)
Marsh Supermarkets is hoping for final approval next month of a five-year tax abatement worth about $50,000 for a renovation of its downtown O'Malia's store. The company plans to invest $1.5 million...
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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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