By popular demand, here are a few updates on new development projects: The Maxwell is coming out of the ground on schedule, but sales have been slow so far, said Bill Thomas, a vice
president with developer Kosene & Kosene. The six-story, $24-million building will feature 105 condos and ground-floor retail
space. Another mixed-use project, Ralston Square, is a few months
behind but still a go, said Brian Epstein, who is developing the $60-million South Street project. He has letters of intent
with 85 percent of the retailers for the project and is close to a hotel deal, although he would not name the hotel brand
or retailers. Groundbreaking should take place toward the end of the summer. Finally, renovations at the retail/office building at 38 E. Washington St. are nearly complete, but there is no word yet on tenants.
(The developers of Penn Centre and Legends District SoDo did not return phone messages.) What else are you hearing?
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Welcome to Property Lines, Indy's source for neighborhood real estate news. Your host is Scott Olson, IBJ's real estate beat
reporter. Edited by Cory Schouten.
By popular demand, here are a few updates on new development projects: The Maxwell is coming out of the ground on schedule, but sales have been slow so far, said Bill Thomas, a vice
president with developer Kosene & Kosene. The six-story, $24-million building will feature 105 condos and ground-floor retail
space. Another mixed-use project, Ralston Square, is a few months
behind but still a go, said Brian Epstein, who is developing the $60-million South Street project. He has letters of intent
with 85 percent of the retailers for the project and is close to a hotel deal, although he would not name the hotel brand
or retailers. Groundbreaking should take place toward the end of the summer. Finally, renovations at the retail/office building at 38 E. Washington St. are nearly complete, but there is no word yet on tenants.
(The developers of Penn Centre and Legends District SoDo did not return phone messages.) What else are you hearing?
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It's also across the street from Fogo de Chao and Morton's....
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Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
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David Copperfield! I remember watching his specials on TV when I was little.
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Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
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Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.
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It looks really nice & classy with it's trees & antennas & all...
I love Ralston Square, am totally hoping the Legends project happens so that Arbys and Subway go bye-bye, and thinking positive thoughts about Ballard's handling of the MSA redevelopment.
Inquiring minds are also curious about The Cosmopolitan, the afore mentioned Stutz Tower, and Paramount Tower.
tower.
Any word on the former Payton Wells sites? There is a 'sale pending' sticker on the for sale sign on the lot east of Meridan near 16th Street. Also, what is going on with condos at 16th & Alabama? They keep lowering the pricing. Lastly, the building across the street on Alabama (near 16th) has had supports holding up the walls for over a year. I think it used to be an old taxi cab company.. Any inews?
The condos still for sale at 16th and Alabama are very nice with high-end finishes. They are fairly big (and tall) townhomes, but not everyone with $400K to spend wants 3 or 4 stories of townhome with a terrific downtown view from the party room at the top.
The taxi barn is a mystery.
There is an active Indianapolis development thread in the midwest section.