Recent Blog Posts

St. Francis gears up for expansion

August 20, 2007
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Construction is set to begin soon on a 417,000-square-foot addition to the Indianapolis campus of St. Francis Hospital (Beech Grove campus is shown here). The $200-million project is slated for completion...
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Will Indy get an IKEA?

August 17, 2007
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That's a popular question around here. Has been for years. The city is not currently in discussions with the Swedish home furnishings giant, said Jim Garrard, Indy's economic development director. But it was...
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Eastgate Mall is up for sale, again

August 16, 2007
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The owners of the eyesore formerly known as Eastgate Consumer Mall have put the property back on the market at an asking price of $3.5 million. Dallas-based JTL Capital LLC received...
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Scotty's looking downtown

August 16, 2007
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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
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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
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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
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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
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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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