Property Lines - Scott Olson

Welcome to Property Lines, Indy's favorite source for neighborhood real estate news. Your host, IBJ real estate beat reporter Scott Olson, can be reached at solson@ibj.com.
Real Estate & Retail

Prominent developer looking at Indy

June 15, 2007

The founder of the country's largest black-owned real estate firm, R. Donahue Peebles, spoke at the PeeblesMadam C.J. Walker Theater earlier this week. His company, Peebles Corp., has $4 billion in projects currently in development in cities like Miami, New York, Chicago and Las Vegas. In a conversation after his talk, Peebles said he and other developers are looking to sink more money into "stable and consistent" markets like Indianapolis now that the frenetic pace in South Florida has slowed. He said he's considering a project in downtown Indianapolis but would not say where. What do you think: Is central Indiana "stable and consistent" enough to support all the ambitious new projects on the drawing board?
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