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

Renaissance Bay & SpongeBob

June 18, 2008

Renaissance BayA huge condo project along Keystone Avenue at 78th Street is coming out of the ground fast, and the developers now are offering tours to potential buyers. The $150-million Renaissance Bay project calls for 305 condos ranging in price from $350,000 to $800,000. The developer, Sun Shiel Properties LLC, tore down the old Landings apartment complex early in 2007 and began building the replacement in July, before the housing market turned ugly. About 20 of the units have been reserved and the first of them will close in August, said Karen Tolley, the developer's vp of sales. Tours of the three building that are up are available from 1 p.m. to 4 p.m. Sundays. What do you think?

SpongeBob Square Pants coming to City Market
The Indianapolis City Market has planned a grand re-opening for next next week to celebrate its $2.5-million renovation. Plans include chef presentations and cooking classes on Monday, a visit from SpongeBob Tuesday, the weekly farmer's market on Wednesday, Conner Prairie demonstrations on Thursday and an international day with Celtic fiddle performances on Friday. The week will conclude with a new tradition, Indy Arts Market on Saturday. More information is here.

Villagio gets its pool
By a 3-2 vote, the developers of Villagio at Page Pointe won variances that allow a private pool on a triangle-shaped lot next door to the 9-story condo building. The plans from Page Development call for a "brick veneer" wall fronting East Street.

Paramount delayed again
The developers proposing Paramount Tower have been granted a fifth continuance for a hearing on the project. The $40-million tower, proposed as student housing, would replace a parking lot east of Capitol Avenue between Michigan and North streets. The hearing now is scheduled for July 15.
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