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August 21, 2012
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-Meadow Drive Apartments LLC bought the 12-unit Meadow Drive Apartments at 268 Meadow Drive, Greenwood. The seller, Sweet Air Investments Inc., was represented by Scott Pollom of Cassidy Turley. The buyer represented itself.  

-Ritter Manor Apts LLC bought the 42-unit Ritter Manor Apartments at 2302 Ritter Ave. The seller, Bayview Loan Servicing LLC, was represented by Scott Pollom of Cassidy Turley. The buyer represented itself.

-Willow Brook Apartments LLC bought the 51-unit Willow Brook Apartments at 2111 E. 52nd St. The buyer was represented by Scott Pollom of Cassidy Turley. The sellers, John T. and Rose A. McEvoy, were represented by Duke Hardy of Tikijian Associates.

-Indiana Hemophilia & Thrombosis Center Inc. bought 1.9 acres of land at 8326 Naab Road. The buyer was represented by David Mennel of Jones Lang LaSalle. The seller, Panattoni Development, was represented by Brooke Augustin of Alliance Commercial Group.

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  1. First, let me say that I love the idea of communities being self-sufficient and people in the community not needing cars, living, working and shopping all in their neighborhood. To sum it up; I love good urban planning and hate urban sprawl. However, there are two reasons that I am against this development. First, this building doesn't fit. Density can occur in Ripple by building up top the street and better use of land. The scale of this project should be downtown. Secondly, I would be willing to bet that if a whole foods in Ripple is built, the Nora store would be closed. Here's my reasoning. The Nora Whole Foods expansion plans have been put on hold. I'm guessing they are waiting to see what happens with the Ripple proposal. Communities next to each other should work together to end sprawl and not work against each other and take other neighbors assets. Develop something both communities can be proud of and will attract more development and density. There's my soap box for the day.

  2. My apologies, Lou - it was the Indy Star that printed cost for entertaining "celebrities" during Indy 500. Sorry for confusing the always timely IBJ with Indy's Gannett reprint news source.

  3. That's fine if you want a grocery store that has festivals and live music. I guess with the prices they charge, they can afford to host such activities. As for me, I choose to spend my money more wisely and if I want to go to a festival or a concert, I will pay for that separately - not through my grocery bill.

  4. TIF is not just to attract development but to attract a higher use for that development. Carmel wisely is using TIF for numerous public parking garages. Asphalt seas of parking pay little taxes and bring even less value to a commercial area. Also density is what is going to save Indy and Broad Ripple. The days of trying to compete with burbs are long gone.

  5. The Prestige was an awesome movie.

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