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Jennifer Whitson

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Verus Partners gets busy in 1st year in local market: Chicago newcomer has 3 developments under way

In 2003, four men decided to leave careers at Chicago-based development powerhouse Higgins Development Partners LLC to start their own company. The result, Verus Partners LLC, an industrial, office and institutional developer, has grown rapidly, opening two offices in Canada and one in Indianapolis, and is pondering a new office in Charlotte, N.C. And its 1-year-old local office is spearheading an aggressive move focused on developing speculative industrial space. Last year, Verus hired Tom Theobald, a 19-year commercial real estate…

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Hopefuls target E. 10th for rebirth: Community group sees hope in small projects

Within 10 years, Tammi Hughes hopes to drive by budding local stores that offer furniture, arts and antiques on her way to work. She’d like to stop in at a local coffeehouse or grab a paper at an eclectic corner bookstore. That’s the vision for Hughes and a group of people working on spurring a turnaround for a commercial corridor on East 10th Street that stretches from just west of Rural Street to just west of Sherman Drive. Right now,…

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Dispute over retail at Hamilton Proper boils over: Some homeowners bucking HDG Mansur management

Tensions between the developer of Hamilton Proper and some of its homeowners spilled into public view at the Fishers Town Council meeting Aug. 7, with the council president becoming so agitated he broke his gavel. Another councilor, Charles White, opened the meeting by complaining about the council’s July 17 decision to reject an application by HDG Mansur, the developer of Hamilton Proper, to build an 11-acre retail project on the periphery of the subdivision. White had been absent for that…

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Howdy partner, wanna pony up for a painting?: Eiteljorg fund-raiser expected to boost museum’s national prominence

In September, about 30 big names in the art world will converge at the Eiteljorg Museum of American Indians and Western Art. It will be the Eiteljorg’s first attempt to host a big-name Western art show featuring representational styles, those depicting natural objects realistically. Eiteljorg officials hope the Quest for the West art show and sale bolsters its reputation as one of the nation’s elite Western art museums. For artists, the show will provide a rare opportunity to reach collectors…

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Architectural firm embraces solar panels

The architectural firm Schmidt Associates Inc. wants to persuade clients to build greener buildings. So a couple of weeks ago–during a heat wave and under scorching sun, nonetheless–workers erected a solarpanel awning in front of the company’s 320 E. Vermont St. offices.

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Butler juniors to stay on campus next year: University wants to boost campus, fill apartments

Butler University underclassmen got what some saw as very bad news last week: Starting in the fall of 2007, juniors-like freshmen and sophomores-will be required to live on campus. The university claims the new rule will make for a stronger on-campus community, but the change coincides with Butler’s struggle to fill a new 500-bed apartment facility, where rents are higher than offcampus rental houses. Butler President Bobby Fong said a change has been underway for years to try to align…

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School races past capital campaign goal: University of Indianapolis raised $76 million in first-ever comprehensive funding drive

When Michael Ferin took over the University of Indianapolis’ fundraising operations in 1997, he inherited a limp effort ill-equipped to support exponential enrollment growth “The institution did not have a very strong record of reaching out to the community or keeping in touch with their alumni,” Ferin said. “This place was behind by a number of years.” No one could say that now. The private college affiliated with the United Methodist Church has just wrapped up a six-year capital campaign…

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MIBOR under scrutiny by FTC

The Federal Trade Commission recently slammed the Austin Board of Realtors for how the Texas organization runs its multiple-listing service, charging that a policy change barring certain homes from Web search engines runs afoul of federal antitrust laws.

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Hotel art adds more than ambiance: Local gallery offers work from Picasso to Perrin for sale at Conrad Indianapolis

An international crowd in for the Formula One race milled through a sold-out Conrad Indianapolis downtown on a recent weekend. As they jutted off to their spa appointments and dinner reservations, some may have spared a glance at artwork that sprinkles the walls of the first and mezzanine floor-an interesting mix of modern art from the likes of Pablo Picasso to Indianapolis artist Lois Main Templeton. The collection of 18 pieces was selected under an agreement between the hotel and…

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Transit center proposal hits a bump in the road: Tenant claims to be happy at proposed location, landowner not yet part of talks

In late June, IndyGo announced plans to build a massive transit center on a 14-acre parcel in downtown Indianapolis where bus and future rapid transit lines would cross and people could park their cars and wait in comfort for transfers. But the U.S. Postal Service, which leases facilities there, might not be interested in moving. And the landlord the main post office rents from said he hasn’t been contacted and is irked the city is eyeing his property. “Frankly, I…

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Charter school group to buy Greek Church: Purchaser wants to talk to neighborhood about needs

A not-for-profit that runs roughly 60 schools nationwide has agreed to purchase the Holy Trinity Greek Orthodox church at 40th and Pennsylvania streets. Imagine Schools Nonprofit Inc. hopes to set up a charter school at the site, but Jason Bryant, the corporation’s vice president in charge of Illinois and Indiana operations, said it first wanted to hold community meetings to get input on what’s needed. “There is flexibility for each individual school to set its own curriculum,” Bryant said. The…

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IPS swap a flop?: Browning tells district to drop land-trade plan; site drew just 3 bids despite prime location

Indianapolis Public Schools is sitting on a 12-acre parcel of prime downtown land it probably could sell for big bucks. But its pursuit of a land swap instead has tempered interest in the site and raised questions about whether such a complicated deal is the way to go. Just three developers responded to IPS’ request for bids on its land east of Massachusetts and College avenues, despite the unsolicited inquiries that drove the school district to explore its options in…

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Leader tapped to make the IMA a ‘must see’: New director to focus on art and nature park

The Indianapolis Museum of Art’s new director isn’t afraid to ruffle feathers. During his five years as director of the Whitney Museum of American Art, he reportedly butted heads with the board over programming and oversaw a staff reorganization that triggered the departure of several curators. He also resigned after the board rejected a $200 million expansion he pushed. But Maxwell Anderson, who started at the IMA June 19, dismisses that reputation. “The Whitney is a very unusual place,” said…

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Market Square project in doubt: Two months before deadline, condo developer won’t talk, scales back its sales effort

The city of Indianapolis already has twice pushed back the deadline for closing a deal with the developer of a high-rise condo project slated for the former Market Square Arena site. Now, with the latest deadline of Aug. 31 looming, officials with developer Market Square Partners LP are incommunicado amid signs they’re struggling to find enough buyers to get the project off the ground. The sales office, once staffed daily, now apparently operates on an appointment-only basis. The developer hasn’t…

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Builder targets entire block: Centex in talks to buy land from Shapiro’s Deli, others for downtown development

A national home builder is negotiating to purchase an entire downtown block for a retailand-residential development-a project that could temporarily displace the landmark Shapiro’s Deli. Dallas-based Centex Corp. says the block southeast of the planned Lucas Oil Stadium is among several downtown-area locations it is reviewing for its first local foray into urban residential development. Brian Shapiro, owner of Shapiro’s Deli, 808 S. Meridian St., said he has not reached a final agreement to sell his property. But he hinted…

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Lots of new office space planned along North Meridian: Some say corridor is beating out Keystone

When Walker Information Inc.’s lease was up on its Keystone-area offices, it looked citywide for new space. In February, the company signed a lease for space in a building along the North Meridian Street corridor because it got a good deal from Lauth Property Group Inc., according to Walker’s broker, Samuel F. Smith, of Resource Commercial Real Estate. Several area developers are betting that others will follow Indianapolis-based Walker’s lead, lured by the prestige of a North Meridian Street address….

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Land lease holds building hostage: Owners of parcel entangled in court fight

A scuffle for ownership of land under downtown’s landmark Illinois Building has spilled into court, possibly bogging down efforts to redevelop the vacant structure. Building owner HDG Mansur leases the land from its owners under a 99-year agreement it inherited when it bought the building. The pact, signed in 1919, stipulates that any improvements on the land revert to land owners when the lease expires in 2018. A Lebanese businessman appears to be working with HDG Mansur to break the…

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State looking for suggestions for prime downtown land: Request for proposals signals possible sale of parcel near IUPUI, Central Canal

Indiana is turning to developers to help brainstorm on what type of development might fit a prime real estate parcel two blocks from the Statehouse. The state owns the three-quarters-ofan-acre site at the intersection of Vermont Street and Indiana Avenue. State officials have determined they can do without the space, which is currently used for state employee parking. The official request for ideas, posted June 7, asks for proposals that might “present the state with the opportunity to realize revenue…

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