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Equicor playing it ‘cautious’: Small projects fueling firm’s steady growth

April 28, 2008

As one of a few local developers that pursues both commercial and residential projects, Equicor Cos. quietly has built a portfolio of properties totaling more than $150 million. Among those under development is its most ambitious to date, Promenade of Noblesville, at State Road 32 and Little Chicago Road. The 153-acre mixeduse development features retail and office lots, as well as 280 homes. Yet, the 16-year-old north-side company has been absorbing its share of “bumps and bruises” as of late,…

CVS to replace downtown IHOP

April 18, 2008

CVS has filed plans to build a new store where an IHOP now stands at the corner of 16th and Meridian streets. The new pharmacy would replace the iconic…

Update: Wells auction delayed

April 4, 2008

Brokerage firm Colliers Turley Martin Tucker has delayed an auction of three parcels near Meridian and 16th streets that previously housed the Payton Wells car dealership. Auctioneer Bob Getts…

Sinks, brownfields and insurance

March 17, 2008

Getting you up to date:

Airport sinks approved
The Indianapolis Airport Authority board has approved an obscure bid package known as “T-31” that provides for the installation of floor-level foot sinks for…

BOONE COUNTY

March 17, 2008

BOONE COUNTY Zoning approval sought for assisted-living center An assisted-living provider is seeking to rezone property on Michigan Road north of 116th Street to construct a facility that would include 200 residential units and an Alzheimer’s wing. The company is in the beginning stages of the approval process. The company’s identity will be revealed after […]

Developer details Penn Arts plan

March 11, 2008

A 23-year-old entrepreneur plans to spend $3 million to transform the 82-unit Penn Arts apartment building at 16th and Pennsylvania streets into 45 upscale apartments, Tracy Donhardt

Payton Wells auction set

February 27, 2008

An auction date has been set for three parcels near Meridian and 16th streets that housed the Payton Wells car dealership. The properties are 2.5 acres with a 50,000-square-foot…

Indy to host Urban Forum: Group that helps revitalize properties to showcase city’s projects

February 25, 2008

Visitors in Indianapolis for the Urban Forum in April might patronize Jockamo Upper Crust Pizza in Irvington not only to sample the food but also the success of a neighborhood business district revitalization program. The pizzeria benefited from an effort called Fostering Commercial Urban Strategies, or FOCUS, through a $16,000 facade grant from the Indianapolis chapter of the Local Initiatives Support Corp. Indianapolis is one of 30 cities boasting LISC chapters. Nationally, they invested more than $1 billion in low-income…

Fishers’ hoops venue signs 2 franchise deals, plans more

February 11, 2008

A multi-court basketball fieldhouse is doing such brisk business in Fishers, its owners have decided to franchise the operation.
Scott Burton, CEO of The Fieldhouse, said deals have already been signed with franchisees in Merrillville and in Naperville,
Ill.

A smorgasbord of topics

February 8, 2008

Workers are installing Flagstar Bank signs on the One North Penn building this week, including a sign atop the 13-story building. What do you think of the sign and…

Tony townhouses on Penn

January 30, 2008

Indianapolis developer Axia Urban LLP is putting the finishing touches on Penn Townhouses, a part of its Meridian at 21 development north of downtown. From the outside,…

New steam plant could propel Speedway revival

December 31, 2007

A unit of Citizens Gas proposes building a natural-gas-fueled steam plant in Speedway to serve large employers in the town
of 12,800.

Braly gains prestige–fast

December 31, 2007

At the beginning of 2007, few people outside WellPoint Inc. had even heard of Angela Braly. Nine months later, Fortune magazine
named her the fourth most powerful woman in business.

UPDATE: Details could make, break ExactTarget IPO

December 17, 2007

ExactTarget Inc. will need to reveal much more about its $86-million initial public offering before analysts and investors can accurately assess the value proposition, one expert said today. The Indianapolis-based e-mail marketing firm hasn’t disclosed details including the number of shares available and the price per share; that information probably won’t be forthcoming until February, […]

Clarian hospitals in Avon, Carmel turn corner after big losses

December 10, 2007

Clarian Health officials say the only way they can keep operating their medical centers downtown is to support them with profitable
suburban hospitals. So far, it seems Clarian is on the right track. As Clarian moves forward with a new, $180 million hospital
in Fishers, its two existing suburban hospitals are starting to make money.

Hilbert mansion sale pending; buyer a mystery

November 26, 2007

An individual who does not yet want to be identified has reached an agreement to buy the Carmel mansion that once belonged to Conseco Inc. co-founder Steve Hilbert. This morning Judy Koehler, managing broker for Carpenter Realtors’ Fishers office, confirmed to IBJ that Carpenter Sales Associate Linda Genrich is representing the buyer in the transaction. […]

Commentary: Of Blue Cross and Blue Chip

November 26, 2007

WellPoint CEO Angela Braly must be thinking to herself, “Enough with the most powerful and influential stuff already!” In the course of the last several months, Braly has been named the 16th-most-powerful woman in the world-that’s in the world-by Forbes magazine, one of the 19 mostinfluential women in central Indiana by IBJ, and the top woman to watch by the Wall Street Journal. That’s heady stuff, to be sure, but I know for a fact that her two school-age daughters…

A new ‘Landmark’ in Lockerbie

November 5, 2007

A local developer hopes to break ground next month on an $11.5-million condo project along East Street between Ohio and New York streets. Landmark of Lockerbie would feature 16 loft units,…

EDITORIAL: Tough love for struggling park: State’s high standards deserve praise

October 29, 2007

Tough love for struggling park State’s high standards deserve praise It would be easy for the state’s certified technology park initiative to degenerate into a handout program with little or no accountability. If communities in all corners of the state get a park, along with the accompanying tax benefits and grants, everyone’s happy, right? Perhaps. But for the Indiana Economic Development Corp. to deploy resources in the most potent manner, it must focus on the parks with the potential to…

City’s life sciences corridor to get $4M in improvements

October 22, 2007

City planners have long envisioned a high-tech corridor of life sciences research buildings and businesses extending northwest
of downtown to 16th Street. And the city is now spending $4 million on infrastructure and streetscape improvements toward
that end, as well as signage identifying the area as a life sciences hub.

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