In the eyes of many at a rezoning hearing late last month, the developers from locally based Mann Properties were bad guys.
They wanted to build homes and a retail center
on 71 mostly wooded acres north of Crown Hill Cemetery. So when the Metropolitan Development Commission denied Mann’s request,
the crowd erupted in applause.
The city’s oldest skyscraper will get a sleek new look starting this summer, when workers are scheduled to begin installing
a glass-covered curtain wall to replace a storm-scarred facade. Renovation of One Indiana Square should begin in June and
continue for two years.
The Indianapolis FBI field office will lease 110,000 square feet in three buildings to be built just north of Castleton Square Mall in Indianapolis, the agency and U.S. General Services Administration announced this morning. B.C. Development Co. of Kansas City, Mo., will join with Indianapolis-based Meyer Najem Corp. to raise the three-building complex on 11.4 […]
A big question is looming for property managers at National City Center and First Indiana Plaza: Will tenants stay or will they go? Each of the downtown office buildings already is struggling, with occupancy rates in the 60-percent range at the end of 2006. But a grim situation could worsen if some of their largest tenants with expiring leases find a better deal elsewhere. Law firm Bose McKinney & Evans is considering a move from 80,000 square feet at First…
A who’s-who of local firms is planning bids to redevelop the Market Square Arena site with mixed-use projects that would depart
sharply from previous efforts focused on residential. New plans are expected to include retail , offices, apartment units
and condos backed by high-profile local developers that didn’t bid before.
Mann Properties won’t be allowed to develop 71 acres of Crown Hill Cemetery into homes and retail after a 4-3 decision this afternoon by the Metropolitan Development Commission. The decision to deny a rezoning request cannot be appealed. Mann offered $5.6 million for the tract of woods and wetlands at the north end of the nation’s third-largest private cemetery. Crown Hill planned […]
Debate over a developer’s plan to buy 71 acres of woods and wetlands on Crown Hill Cemetery’s northern edge for a retail-and-residential
project will come to a head this week when the Metropolitan Development Commission votes on the proposal.
Harry & Izzy’s, a spinoff to St. Elmo Steak House slated to open in mid-April at Circle Centre mall, is the city’s most anticipated
new restaurant in years–a casual cousin to St. Elmo,
with lunch service and a wider menu, including salads, pastas and pizzas, along with standbys like the famous shrimp cocktail.
The final piece of a decade-long redevelopment of Fort Benjamin Harrison would give Lawrence a new downtown with shops, offices and public plazas mixed among as many as 1,000 condos, townhouses and apartments. The Fort Harrison Reuse Authority hasn’t settled on a name yet for the 88-acre project, but the quasi-governmental group’s board is expected to approve zoning updates this month that pave the way for the project. Public meetings will be held in March and April, and the first…
Sun Capital Partners, Florida-based parent of Marsh Supermarkets, is unloading what it sees as excess real estate. Marsh put
19 properties on the market in late February for a total asking price of $10.6 million.
Eli Lilly and Co. has decided to vacate 99,000 square feet of office space at 30 S. Meridian St. in yet another blow to the
struggling downtown market. Roughly 1.8 million square feet of space already is sitting idle downtown, putting downward pressure
on rents.
Small-business owners know building relationships helps build business. But cultivating strategic connections also takes time-one commodity that’s always in short supply. That’s where networking groups come in. A growing number of such organizations are working to connect busy business owners so they can trade advice and customer leads in a short span of time. With weekly or monthly meetings, the groups promise a one-stop opportunity to make dozens of contacts that can lead directly to sales. One of the fastest-growing…
Goodwill Industries of Central Indiana supports its job and educational programs by reselling used clothes, household items and even cars. But the virtues of reuse and recycle aren’t confined to the not-for-profit’s 34 local thrift stores. Goodwill has adapted its headquarters several times since it was built in 1960, to fill a variety of needs. Some of the same space within the 195,000-square-foot building has served as a retail store, an office full of cubicles, an industrial packing facility and…
Revitalization efforts had been plodding along for years in the triangleshaped historic neighborhood known as Fletcher Place. The slower pace of development gave the neighborhood just southeast of downtown a lower profile than places like Chatham Arch and Lockerbie Square. But Fletcher Place is under the radar no more, thanks to a massive eight-story condo project known as Villaggio at Page Pointe. The 64-unit building-now the neighborhood’s tallest structure-looks like it could be in Florida, except its panoramic views capitalize…
At least 35 new bank branches have sprouted in Hamilton County in the last three years, and more are on the way. Familiar
names like Charter One and Chase have added eight and seven branches, respectively. Other institutions are entering the market.
No more. In Miami, the daunting requirements for hosting the game began to make more sense. The city’s strengths came into focus. Extensive tours of the stadium, media center, team hotels and practice facilities, along with hours of meetings with NFL brass and officials with other host cities, left the contingent feeling Indianapolis is ready for a Super Bowl. The group hopes to raise $25 million in private funds to host the game in 2011. “It was a terrific trip…
While he was a student at Indiana University, Tim Worthington spent summers washing dishes, cooking breakfast and delivering room service for locally based General Hotels Corp. It was the beginning of a 31-year career that would include 14 years as president of the company. Worthington, 60, retired last February but quickly realized he wanted back in the action. So he and partner Michael Arnold, also a former employee at General Hotels and a 20-year veteran of the hotel industry, launched…
Big-name restaurants scouting for Indianapolis locations have snubbed the south side for years. Eateries like Champps, Cheesecake Factory and Rock Bottom Brewery headed north, drawn by upscale developments and affluent neighborhoods, or downtown to capitalize on the high-traffic from convention visitors. But now, more high-end restaurants are showing interest in the south side, local retail brokers say. Among the chains looking are Fox & Hound, Champps and Old Chicago, a pasta and pizza concept that’s part of the Rock Bottom…
But as more people seek out healthier food and become conscious of high fat and calorie counts in Steak n Shake’s staples,
some are staying away or not visiting as often. To fight back, the chain is working on a barrage of healthier menu options,
including yogurt shakes, chicken sandwiches and new salads. Perhaps a variation on the slogan that started it all in Normal,
Ill., in 1934 is in order: “In Sight It Must Be Light.” The first leaner…
Small-business owners aren’t nearly as optimistic about 2007 as they were heading into last year, thanks to a slowing economy and lower spending rates, a report from the National Federation of Independent Business shows. Still, many small businesses in Indiana and elsewhere expect to grow steadily and add to their work forces in 2007. In the next three months, 14 percent of small businesses plan to create jobs and 26 percent plan to make a capital expenditure, the NFIB says….
