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That’s a fine look for a suburban interstate off-ramp by Bob Evans. It would be great at Shadeland and I-70. But near downtown between Greek Islands and Shapiro’s? (Isn’t Shapiro’s owner part of a development team putting a hotel across the street?)
I don’t know, I’m thinking the proposed design is fine for that location. The massing would fit in with the other buildings in the area and the facade appears more urban than what you’ve described and built to the sidewalk.
This looks cheap and terrible.
With this announcement, there appears to be 17 different downtown hotel projects (just over 3,000 rooms) somewhere in the development pipeline and that doesn’t count the 2nd Pan Am Plaza hotel since it seems questionable at this point. While it is encouraging to see development (would prefer better design with the most recent announcement and some of the others), I am not seeing the level of demand that merits this type of increase in supply. Looking through the announcements to date, it would be great if IBJ could provide status updates on the projects that are not yet under construction:
1. Bottleworks Hotel (143 rooms) – Under construction
2. Intercontinental Hotel @ the Illinois Building (180 rooms) – Under construction
3. Signia Hotel @ Pan Am Plaza (800 rooms) – Announced this summer
4. Aloft Hotel on East Market (128 rooms) – Under construction
5. Kimpton Hotel @ Washington & Penn (164 rooms) – Under construction
6. TownePlace Suites on South Illinois across from Lucas Oil (146 rooms) – Under construction
7. Tru by Hilton on McCarty across from Lucas Oil (148 rooms) – Under construction??
8. Even Hotel on South Meridian across from Shapiro’s (118 rooms) – Announced this summer
9. Avid Hotel @ convenience store at Morris & West Streets (104 rooms) – Announced this summer
10. Tribute by Marriott @ Riley, Bennett & Egloff bldg. at Washington & Delaware (90 rooms) – Announced this summer
11. Moxy & AC Hotels by White Lodging on South Meridian (206 rooms) – Announced this summer
12. Hampton & Homewood Suites Hotels on West St. @ Bethel AME Church site (197 rooms) – Under construction
13. Unnamed hotel in the King Cole Building (?? Rooms) – Announced this summer
14. Drury Hotel @ old IBJ HQ at Penn & Washington (350 rooms) – Announced in 2017
15. Tapestry Hotel @ One Jackson Place (110 rooms)- Announced in 2017; still in the works??
16. Cambria Hotel @ 850 South Meridian (148 rooms) – Announced today
17. Tow Yard Brewing site hotel (152 rooms) – Announced in 2016; still in the works??
What do you know about demand, Randy J?
Well, Bruce White of White Lodging and Jim Dora of General Hotels Corp (both owners of multiple downtown properties) fought to prevent the Pan Am Plaza development basing their argument on the market not being able to handle the increase in rooms. But oddly since it was announced Kite would go ahead with the 800 room Signia Hotel portion of the Pan Am project, both White and General have announced new construction of their own downtown.
Yes, know that, thanks. But Convention & Visitors bureau and the city had a study that showed the opposite. Just curious how Randy J knows anything on the demand. Does he own a hotel? Is he in the convention business? I think there’s plenty of demand for new rooms, based on the study the city commissioned.
Don’t and never claimed to own a hotel. Not in the convention business either. Just curious about tax abatement and incentives handed out to developers when there may not be sufficient demand to support the additional supply of rooms. If we add in the second 600 room Pan Am Plaza hotel, the 220 Morrison Opera Place hotel I forgot to mention and the potential of a 200-300 room at the Murat that was reported by the IBJ in the past, that would bring the total additional rooms in the pipeline to around 4,300. The CBD currently has just over 7,100 rooms and has had a steady occupancy rate of around 72-73% annually. That’s a 60% increase in supply in over just three to four years. The study you claim supports all of the rooms in the pipeline assumed 1,400 rooms at Pan Am Plaza and another 1,237 to be built which included the dual Hyatt property that is already open and not in my count. That study also projected a drop in occupancy for a couple of years with the additional 2,600 rooms. How does the market support another 1,700 rooms on top of that? Again, not opposed to development just skeptical of developers that claim the sky is falling and others claiming their development merits TIF financing or abatement when the demand does not appear to support such claims. Where do you get your demand data Michael G?