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…
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Leader Corporation of Indiana: Chasing the American dream Couple dives into deep end from the start
Couple dives into deep end from the start Tom Foreman had worked for other contractors, but in 1993 he decided the time was right for him and his wife, Donna, to start their own business. So they founded Leader Corporation of Indiana, which provides control systems (think temperature controls, security and automation systems) for commercial and institutional customers such as Lucas Oil Stadium, the Conrad Indianapolis hotel and the Pendleton Correctional Facility. He was 53 at the time. Donna was…
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.Convention faithful are sticking it out: Trade groups say perks outweigh construction hassle
The Indiana Convention Center isn’t big enough for some large trade shows, but Indianapolis’ location and hospitality are enough to keep certain customers coming back. Despite losing locally based Custom Electronic Design and Installation Association’s CEDIA Expo and California-based Performance Racing Industry’s annual show-and the estimated $45 million attendees spent each year-Indianapolis has managed to keep three other biggies. Do it Best Corp.’s twice-yearly trade show, Advanstar Communications’ Dealer Expo and the Fire Department Instructors Conference are sticking around because…
Cross-country course launched downtown
Officials for the Indiana Invaders track and running club and the city of Indianapolis announced yesterday that a championship cross-country course and training venue will be developed along the banks of the White River downtown. Ground was broken this week on the project, which is being financially supported by locally based retailer The Finish Line, […]
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.
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….
Ambitious Brownsburg project withdrawn
A Virginia company says it has temporarily withdrawn its ambitious plans to build a hospital and hotel complex east of Brownsburg. Joe Cross, the construction manager for Metropolitan Medical Care Inc., confirmed today that the company has temporarily withdrawn its request for zoning approval from the Hendricks County Planning Commission, but that it intends the […]
Health hot spot rises in Brownsburg
Plans abound to bring new health care facilities to Brownsburg, one of Hendricks County’s fast-growing towns. Some familiar
local names, such as OrthoIndy, St. Vincent Health and Clarian Health Partners, all have claims to land in the Brownsburg
area.What ever happened?
Following up on a few old posts:
No Canterbury Sale Yet. Canterbury Hotel owner Donald Fortunato said he’s getting close to a sale of the 12-story hotel, but the deal is not done….
EYE ON THE PIE: Here’s where Hoosiers get it right
We don’t have to be obsessed with property taxes. All is not dreadful despite the clamor of some disaffected taxpayers. For example, La-Porte has two operating barbershops on the same street downtown. This warms the heart. Equally positive is finding an excellent housing stock in LaPorte, with many beautiful homes painted in a joyous, imaginative fashion. Can you believe the McDonald’s in Winamac opens at 4:30 a.m. and keeps its drive-through open 24 hours a day? That alone suggests a…
Centaur takes step toward Pennsylvania track
Indianapolis-based Centaur Inc. said today that the Pennsylvania Harness Racing Commission has approved its building and operating a $428 million harness racing facility near Pittsburgh. The project still must be approved by the Pennsylvania Gaming Control Board. Valley View Downs would have 150 live racing days on a 1-mile oval track and 363 days of […]
SURF THIS: Selling Bonds online-the baseball kind, anyway
Would you sell a piece of history? Let’s just say, for the purposes of this discussion, that you were in possession of a piece of history with a generally healthy market value-an 1884 Carson City $20 gold coin, for example. written notes from the Gettysburg Address. Or, say, the baseball that Barry Bonds hit to break Hank Aaron’s homerun record. Would you sell it? I wondered about this recently when I read that Matt Murphy, the fan who caught the…
Mayor says MSA ‘not a priority’
With the Nov. 6 mayoral election looming, Mayor Bart Peterson seems content to wait for a third term to choose who will redevelop
the Market Square Arena site. He’s willing to put off the opportunity to wipe past failures clean in large part because the
political climate has changed.After putting $25M into Conrad, city finally will conduct audit
The city plans to hire an outside auditor in the next few months to review the books of the Conrad Indianapolis Hotel and
determine how its investment is performing. It’s a routine process, Mayor Bart Peterson said. But it’s one hotel-industry
experts say is overdue.Conrad owners tussle with project architect: Lawsuit alleges firms are owed more than $850,000 for work on $100 million downtown luxury hotel
The cranes and contractors have been gone from the site of the Conrad Indianapolis for about 18 months. But wrangling over the project continues in court. The private owners of the $100 million project are quarreling with prominent local architects Browning Day Mullins Dierdorf and New York-based engineering firm Cosentini Associates over how much they’re owed for their work. Both Browning and Cosentini have filed liens: Browning says it is owed $764,000; Cosentini claims $91,000. The owners say in a…
Brown County tourism chief resigns amid cuts
The Brown County Convention and Visitors Bureau is without a permanent leader after its longtime president and CEO resigned amid a budgeting conflict. Teresa Anderson quit Aug. 24 after the county Tourism Commission ordered the CVB to cut its personnel expenses, as well as split part of the Innkeepers Tax income with other organizations promoting […]
Pan Am development deal dies
Fallout from the subprime mortgage fiasco has scuttled a developer’s plans to acquire Pan Am Plaza and could complicate a
host of other development deals under way in Indianapolis.Counselor ventures out beyond her day job: Business helps student clients find their career path
One could say Barb Skinner works day and night helping confused teen-agers find the right career paths. During business hours, she’s a guidance counselor at Mount Vernon High School in Fortville. But evenings and weekends, she manages her own private career and college guidance firm, Career Planning Resources. CPR, which uses both personality profiling and one-on-one interviews to help high-schoolers pick career paths that mesh with their interests and strengths, came about mostly through Skinner’s own inability to blaze such…