Recent Blog Posts

Developer of Star building dubs project Pulliam Square

May 15, 2013
Comments(14)
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.

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King David selling beer; South of Chicago expanding

May 13, 2013
Comments(19)
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.
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Local 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.
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Roundup: 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.
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Milhaus 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.
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Long-awaited Meijer store finally may get built

May 1, 2013
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A state filing shows Meijer may be ready to begin constructing a store within Duke Realty Corp.'s Anson development near Whitestown.
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Another breakfast concept coming to Indianapolis area

April 29, 2013
Comments(11)
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.
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2 local sites make annual 'Most Endangered' list

April 25, 2013
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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.
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Roundup: 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.
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Bids to redevelop MSA site top out at 52 stories tall

April 22, 2013
Comments(60)

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.

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Browning reveals design for $17M Broad Ripple project

April 18, 2013
Comments(53)

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.

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Architectural firm relocating entrance to face Mass Ave

April 17, 2013
Comments(6)
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.
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International 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.
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Franklin taking bids on historic Old City Hall

April 11, 2013
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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.

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Roundup: 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.
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Selling 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.”
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Browning 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.
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Roundup: 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.
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$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.
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Chipotle headed downtown to Washington and Meridian

March 26, 2013
Comments(7)
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.
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A milestone and a transition for the Property Lines blog

March 21, 2013
Comments(27)
From Cory Schouten: For six years, I've used this space mostly to share nuggets I found interesting about real estate in my hometown.
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$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.
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New 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.
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Reverie 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.
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Retail roundup: Starbucks, Five Below, Harbor Freight

March 13, 2013
Comments(2)
Several national retail brands are expanding in central Indiana: Starbucks in Fishers, Big Lots in Franklin, Five Below in Plainfield and Harbor Freight Tools in Indianapolis.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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