Articles

Michigan Road land under contract

Development plans could be in the works for another large piece of land along Michigan Road. The 18-acre North Park Masonic Lodge property at 5555 Michigan Road is under contract. The lodge is selling the property without a broker. In…

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Downtown hot for apartments: Developers of new multifamily projects encouraged by high occupancy rates, rising rents, waiting lists

Justin Williams and Meredith Barrett grew up on the south side, but that’s not where they’ll live after getting married in September. They’re looking for an apartment downtown. It’s the only neighborhood they’re considering. “I love being right in the middle of everything,” said Williams, 25, a server at P.F. Chang’s China Bistro in Circle Centre. Barrett, a 22-year-old nurse at Wishard Hospital, said she “just likes to be able to walk everywhere.” The couple is part of a growing…

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FBI’s project bid puzzles local developers

Some local developers were left scratching their heads last month when the federal government chose an out-of-state company
to develop an FBI field office in Castleton. The U.S. General Services Administration awarded the $38 million project to Lake
Winnebago Mo.-based BC Development Co.

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What you crave

Never fear, White Castle fans. The downtown location at 16th and Illinois streets, which is closed and surrounded by a fence, apparently will soon serve sliders again in a shiny new White Castle building with nicer landscaping. Changes are coming…

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Downtown getting home shops

People living downtown won’t have to wait for a proposed Target to go home shopping closer to home. Carson Pirie Scott is renovating 25,000 square feet of its space on the third floor of Circle Centre mall for a new…

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Why so picky?

Barnes and Thornburg building next door to Borders, not leasing to anyone
Oceannaire and Flemings, Thornburg turned down. Steve Lee, Hokenson.

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No deal yet on JW Marriott

The city and two local developers still are working on an agreement for a $250-million hotel complex including a JW Marriott near White River State Park. The parties had hoped to reach agreement by April 1. There are no hangups…

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Office Space, anyone?

There’s plenty available. New numbers from Colliers Turley Martin Tucker show office vacancy rates all over the city rose in the first quarter of 2007. Downtown’s vacancy rate took a beating again, rising…

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Your turn: MSA

Only two teams are competing to redevelop the Market Square Arena site, fewer than many had expected. Both proposals call for mid-rise projects that would include retail and residential components. Check out the renderings and more details below. What does…

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Target proposed for MSA site

A partnership of Hearthview Residential, Mansur Real Estate Services, Lauth and Venture Real Estate has proposed a complex including a 14-story tower along with a Target store, office space and condos for the…

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Kosene pitches towers

A $130-million retail and residential complex with two towers on either side of Market Street is one of the proposals expected today for redevelopment of the Market Square Arena site. Proposals are due at noon.Chase...
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                            <a href="https://www.ibj.com/property-lines-scott-olson/1195-kosene-pitches-towers" class="more">Read More</a>
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                                    <article id="post-77669" class="flex post-77669 post type-post status-publish format-standard hentry category-property-lines-scott-olson topic-development-proposals topic-downtown topic-msa topic-real-estate authors-cory-schouten">
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                            <h2 class="entry-title"><a href="https://www.ibj.com/property-lines-scott-olson/1193-msa-s-big-day" rel="bookmark">MSA’s big day</a></h2>
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                                    <span class="posted-on"><time class="entry-date published updated" datetime="2007-04-18T13:23:27-04:00">April 18, 2007</time></span>                                 </div>
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                                <p>Bids for redevelopment of the Market Square Arena site are due at noon today. Who will file? What will they propose? Share your thoughts here, and check ibj.com and this blog for updates all day.</p>
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                            <a href="https://www.ibj.com/property-lines-scott-olson/1193-msa-s-big-day" class="more">Read More</a>
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                                    <article id="post-77671" class="flex post-77671 post type-post status-publish format-standard hentry category-property-lines-scott-olson topic-indianapolis topic-real-estate authors-cory-schouten">
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                            <h2 class="entry-title"><a href="https://www.ibj.com/property-lines-scott-olson/1194-update-on-canterbury-sale" rel="bookmark">Update on Canterbury sale</a></h2>
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                                    <span class="posted-on"><time class="entry-date published updated" datetime="2007-04-17T17:19:52-04:00">April 17, 2007</time></span>                                 </div>
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                                <p>Has  anyone  heard  who  might  be  interested  in  buying  the  Canterbury  Hotel?  IBJ  reported  this  week  that  the  owners  of  the  99-room  property  are  negotiating  to  sell.  You  can  read  our  story  here.  Sources  are  telling  Property  Lines…</p>
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                            <a href="https://www.ibj.com/property-lines-scott-olson/1194-update-on-canterbury-sale" class="more">Read More</a>
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                                    <article id="post-77666" class="flex post-77666 post type-post status-publish format-standard hentry category-property-lines-scott-olson topic-indianapolis topic-real-estate authors-cory-schouten">
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                            <h2 class="entry-title"><a href="https://www.ibj.com/property-lines-scott-olson/1192-good-morning" rel="bookmark">Good morning</a></h2>
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                                    <span class="posted-on"><time class="entry-date published updated" datetime="2007-04-17T13:51:19-04:00">April 17, 2007</time></span>                                 </div>
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                                <p>We’ve  officially  launched  IBJ’s  first  blog.  As  you  can  see,  it’s  called  Property  Lines.  The  topic  is  real  estate.  The  idea  is  to  create  a  forum  for  real  estate  enthusiasts.  I  hope  you’ll  help  me  make  that  happen,  by  sending…</p>
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                            <a href="https://www.ibj.com/property-lines-scott-olson/1192-good-morning" class="more">Read More</a>
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                                    <article id="post-77664" class="flex post-77664 post type-post status-publish format-standard hentry category-property-lines-scott-olson topic-indianapolis topic-real-estate authors-cory-schouten">
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                            <h2 class="entry-title"><a href="https://www.ibj.com/property-lines-scott-olson/1191-peyton-s-table" rel="bookmark">Peyton’s Table</a></h2>
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                                    <span class="posted-on"><time class="entry-date published updated" datetime="2007-04-16T15:51:16-04:00">April 16, 2007</time></span>                                 </div>
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                                <p>One  of  the  toughest  tables  to  land  at  the  new  Harry  &  Izzy’s  restaurant  that  opens  today  may  be  the  spacious  booth  between  the  kitchen  and  the  bar,  at  least  once  people  find  out  it’s  now  known  as  Peyton’s  Table….</p>
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                            <a href="https://www.ibj.com/property-lines-scott-olson/1191-peyton-s-table" class="more">Read More</a>
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                                    <article id="post-11666" class="flex post-11666 article type-article status-publish hentry tag-carmel tag-hotel tag-renaissance tag-renaissance-hotel tag-renaissance-indianapolis-north tag-winegardner-hammons tag-winegardner-hammons-inc topic-arts-entertainment topic-etc topic-hotels topic-real-estate topic-real-estate-deals topic-tourism-hospitality topic-visitor-spending authors-cory-schouten">
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                            <h2 class="entry-title"><a href="https://www.ibj.com/articles/12734-carmel-to-get-30m-renaissance-hotel" rel="bookmark">Carmel to get $30M Renaissance hotel</a></h2>
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                                    <span class="posted-on"><time class="entry-date published updated" datetime="2007-04-16T04:00:00-04:00">April 16, 2007</time></span>                                 </div>
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                                <p>A prestigious, full-service hotel soon will complement Carmel’s booming office market along North Meridian Street. A Cincinnati<br />
                            developer broke ground this month on a roughly $30 million Renaissance hotel with 263 rooms and 14,000 square feet of meeting<br />
                            space.</p>
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                            <a href="https://www.ibj.com/articles/12734-carmel-to-get-30m-renaissance-hotel" class="more">Read More</a>
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                                    <article id="post-11667" class="flex post-11667 article type-article status-publish hentry tag-canterbury tag-canterbury-hotel tag-celebrities tag-hotel-sale tag-luxury-hotel tag-renovation tag-renovations topic-arts-entertainment topic-etc topic-hotels topic-real-estate topic-real-estate-deals authors-cory-schouten">
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                            <h2 class="entry-title"><a href="https://www.ibj.com/articles/12735-storied-luxury-canterbury-hotel-may-sell" rel="bookmark">Storied luxury Canterbury hotel may sell</a></h2>
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                                    <span class="posted-on"><time class="entry-date published updated" datetime="2007-04-16T04:00:00-04:00">April 16, 2007</time></span>                                 </div>
                                                        <div class="entry-summary">
                                <p>The stately 12-story Canterbury Hotel could use a renovation, hospitality analysts say, to restore some luster and help it<br />
                            take on more modern competitors. Such an overhaul might be on the way, along with new owners for the independent boutique<br />
                            hotel at 123 S. Illinois St.</p>
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                            <a href="https://www.ibj.com/articles/12735-storied-luxury-canterbury-hotel-may-sell" class="more">Read More</a>
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                                    <article id="post-11625" class="flex post-11625 article type-article status-publish hentry tag-condos tag-development tag-development-projects tag-developments tag-douglass-pointe-lofts tag-fall-creek-place tag-live-work-space tag-lofts tag-minkis-builders topic-development-redevelopment topic-mixed-use topic-real-estate topic-urban-development authors-cory-schouten">
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                            <h2 class="entry-title"><a href="https://www.ibj.com/articles/12693-condos-offering-live-work-space-are-hot" rel="bookmark">Condos offering live/work space are hot</a></h2>
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                                    <span class="posted-on"><time class="entry-date published updated" datetime="2007-04-09T04:00:00-04:00">April 9, 2007</time></span>                                 </div>
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                                <p>The age-old concept of living above your workplace is catching on again in Indianapolis, just as the developers of Douglass<br />
                            Pointe Lofts had hoped. The $2.65 million landmark at 25th and Delaware streets already will soon also be known for a diverse<br />
                            roster of local businesses.</p>
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                            <a href="https://www.ibj.com/articles/12693-condos-offering-live-work-space-are-hot" class="more">Read More</a>
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                                    <article id="post-11650" class="flex post-11650 article type-article status-publish hentry tag-affordable tag-condominiums tag-condos tag-downtown-condos tag-downtown-housing tag-downtown-living tag-kosene tag-kosene-kosene tag-the-mind-trust topic-condominiums topic-development-redevelopment topic-kosene-kosene topic-real-estate topic-urban-development authors-cory-schouten">
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                            <h2 class="entry-title"><a href="https://www.ibj.com/articles/12718-kosene-condos-tout-affordability-in-downtown-market" rel="bookmark">Kosene condos tout affordability in downtown market</a></h2>
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                                    <span class="posted-on"><time class="entry-date published updated" datetime="2007-04-09T04:00:00-04:00">April 9, 2007</time></span>                                 </div>
                                                        <div class="entry-summary">
                                <p>Kosene & Kosene Residential Inc. pioneered the downtown market for new-construction condos with luxury projects named after<br />
                            classic cars. Now, the locally based company is striving to attract buyers for its latest project by adding a new standard<br />
                            feature: affordability.</p>
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                            <a href="https://www.ibj.com/articles/12718-kosene-condos-tout-affordability-in-downtown-market" class="more">Read More</a>
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