Penn Centre wins approval
The Indianapolis Historic Preservation Commission gave its unanimous approval last night for Penn Centre, a massive hotel, residential and restaurant development across from Conseco Fieldhouse. The next step is to add more…
Cory Schouten
Articles
A cleaner Canal
The city has agreed to pay a Kokomo company up to $423,000 to clean the Central Canal from 11th Street to the White River. The deal with biosolids management firm Merrell Bros….
R.I.P. Marquis Tower?
A 24-year-old’s dream for a twisting downtown apartment tower has run into a brick wall. Jaron Garrett couldn’t raise enough money to exercise contracts on the run-down properties he had hoped to…
Fleeing the … suburbs?
August Mack Environmental said today it will move its corporate headquarters from Castleton to downtown’s Lexington at Meridian. The Indianapolis-based environmental consulting company plans to take 16,200 square feet in the former home…
Skewers of meat and more
A few nuggets to break up an otherwise slow day for real estate news:
All-You-Can-Eat Meat: The deal is done to bring the upscale Brazilian Steakhouse Fogo de Chão (fo-go dèe shoun, or fire…
Developers pitch Meridian Street infill
Two local developers have plans to replace downtown parking lots along Meridian Street with new mixed-use buildings. Jupiter Land Group, headed by restaurateur Rick Coombes, wants to build a five-story retail…
Premier not afraid of going head-to-head with Simon
Premier Properties USA Inc. is preparing to go head-to-head with Simon Property Group Inc., the nation’s largest and most
powerful mall developer, across the street from Simon’s top-performing The Fashion Mall at Keystone. Premier is proposing
a 2.3-million-square-foot, $750 million development at 86th Street and Keystone Avenue called Venu.
Wholesale District developments would replace parking lots
Now that most of the existing buildings along South Meridian Street downtown have been rehabbed for condos, restaurants or
hotels, developers are eyeing surface parking lots. Local companies filed plans recently to replace two such gaps in the Wholesale
District streetscape with mixed-use projects.
IPS pledge: Fence is temporary
The second- and third-floor parking levels of the Indianapolis Public Schools headquarters will remain surrounded on three sides by a chain-link fence at least until the spring, a school district official said today….
Fountain Square’s artistic alleys
Earlier this year, real estate agent and Fountain Square resident Phil Barcio began the Fountain Square Mural Project, an effort to transform the neighborhood’s alleys to help prevent crime and…
No more Nothing But Noodles
Arizona-based Nothing But Noodles has closed its local stores on 96th Street and near the IUPUI campus. No one answered the phone at either of the stores or at the Indianapolis corporate…
Taco battle is brewing
Look out, Taco Bell. California-based Del Taco, the country’s No. 2 taco chain, is planning to open 16 new restaurants in Indianapolis. The chain, which already has about 500 restaurants in 14…
New airport taking shape
The new Indianapolis airport has been in the news lately (thanks to plans for special foot basins for Muslim taxi drivers). We haven’t yet discussed the airport, so here’s your chance. The…
Foot Locker taking Flagstar space
Foot Locker has filed plans to open a 3,300-square-foot store at the corner of Meridian and Washington streets downtown. The space currently is home to Flagstar Bank, which plans to move to…
Fiercely private developer built strip-center empire
Sid Eskenazi fell in love with the board game Monopoly as a child. Buying and developing make-believe properties with make-believe money inspired the grade-schooler. And he was good at it. So several years later, Eskenazi began playing what he likes to call “adult Monopoly.” He bought one property at a time with real money.
Subprime crisis a boon for apartment owners: Fewer renters are fleeing to single-family homes
Many of the banners touting free rent and other promotions have disappeared from Indianapolis-area apartment complexes. The concessions no longer are necessary as more Hoosiers look to rent, and they stay in apartments longer. Market observers say a big reason for the uptick is the subprime housing crisis and a resulting slowdown in new-home construction. “People are staying longer because it’s a little more difficult to purchase a home,” said Alexandra Jackiw, president of Buckingham Management LLC, a subsidiary of…
Venu taking ‘green’ to new level
Check out this new rendering of Venu from locally based Premier Properties USA Inc. The company plans to build the 2.3-million square foot project at the southwest corner of 86th and Keystone….
WFYI’s new headquarters
WFYI plans to break ground this morning on an expansion of its new headquarters building. The public broadcaster is moving into the former Vectren Building at 1630 N. Meridian St. WFYI will…
Restaurant rumblings: Brazilian
At least two more Brazilian steakhouse concepts are looking to open new restaurants in Indianapolis, brokers say. The first to debut locally, Brazilian Grill, opened a few months ago at 86th Street…
Mass Ave building for sale
The Massala Building on Massachusetts Avenue has been listed for sale. The 36,000-square-foot building is home to MacNivens Restaurant & Bar and is next door to the site of 3 Mass, a…