Bustling foot traffic at lunchtime and at night helps sustain many of the restaurants, shops and galleries in the vibrant
Mass Ave downtown neighborhood. But few of the Massachusetts Avenue shoppers and diners on foot venture east of the psychological
barrier that is College Avenue.
A Kansas developer has proposed a hotel, restaurant and retail space that would form a bridge over the Central Canal in the tradition of Ponte Vecchio in Florence, Italy (pictured). The plan…
An Argentinian restaurant called Taste of Tango is moving into a vacant building along East Washington Street downtown. The new owner, local real estate broker Fabricio Perez, has begun renovations and…
A new Yats restaurant has opened in Fishers, at 8352 E. 96th St. The Cajun and Creole favorite is next door to a Blockbuster half a mile east of Interstate 69. The locally owned restaurant also has locations on College…
The 98-year-old Guaranty Building on Monument Circle has attracted several prospective buyers, said Mike McMains, who owns the property with John Barnard. The local entrepreneurs bought the 9-story, 100,000-square-foot building at 20…
The popular island-themed restaurant along East 96th Street closed Friday, surprising many customers. A spokesman for Orlando-based Darden Restaurants said the company closed 9 restaurants that weren’t in the best locations or performing…
Property Lines is hearing the owners of First Indiana Plaza are considering a sale of the struggling skyscraper. The 425,000-square-foot building is owned by New York-based Crown Properties Inc. The building’s general manager, Julie Clements, said today she has no…
Could it be? A long-promised Ritter’s Frozen Custard and a coffee shop apparently are on schedule to open later this month on the north end of the Downtown Canal. The $3.5-million renovation of…
A development team that bought 115 acres at the former site of Central State Hospital may soon buy another 33 acres from the city, at a cost of $223,500. Sound cheap? Mike Higbee, president of Development Concepts Inc. and one…
A few hundred of the nation’s most influential real estate developers, brokers and investors are in town this week for meetings at the Hyatt. The CCIMs, or Certified Commercial Investment Members, are meeting…
Plans are in the works for a residential and retail project on a state-owned parking lot between Indiana Avenue, Capitol Avenue and Vermont Street, IBJ reported this weekend. Two groups bid for the three-quarters-of-an-acre parcel, and the winner includes Jim…
The winning bidder for a prime piece of state-owned land on the west side of downtown hopes to break ground later this year on a residential and retail complex. The project would replace a shabby parking lot on a triangle-shaped block that is now anchored by The Bourbon Street Distillery and Musicians’ Repair & Sales. The U-shaped, 0.75-acre property at 340 N. Capitol Ave. touches Indiana Avenue, Capitol Avenue and Vermont Street. The development likely would include condos above a…
This is one of four proposed projects for an acre of state-owned land along the canal between Ohio and New York streets. What do you think? Property Lines has been asking for…
What better way to wake you up on a rainy Thursday than with a little coffee news? Here goes: Borders plans to transform its coffee shop and cafe downtown into a Seattle’s Best Coffee, which is set to open in…
Indianapolis Downtown Inc. Director of Real Estate Terry Sweeney doesn’t normally play favorites. But it’s a different story with Capital Grille. He’s dined at the new restaurant attached to the Conrad Indianapolis four nights in a row. Property Lines got…
How strong is it? The owners of a new BARcelona Tapas restaurant think it’s strong enough to overcome a risky downtown location at the northeast corner of Delaware and Ohio streets. The…
A self-imposed MSA moratorium begins after this post. But I can’t help but ask: How is it that the taller, more ambitious proposal for the Market Square Arena site costs $20 million less? The $130-million proposal for MSA calls for…
Neither of the teams hoping to redevelop the Market Square Arena site mention a specific figure for city incentive in documents filed with the city, but both say they need public money to make their projects work. In the $150-million…
The real estate community has been buzzing of late about the intrigue surrounding a new FBI field office planned for Castleton. What do you think? As IBJ reported, the U.S. General Services Administration awarded the $38-million project to a Missouri-based…
Even if you haven’t driven North Keystone lately, you know the big story here is Glendale. Fences are up and demolition has begun. Locally based Kite Realty Group is transforming the enclosed…
