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VOICES FROM THE INDUSTRY: Green solutions can mean savings for building owners

February 25, 2008

Is going green incompatible with the bottom line? Not necessarily. In fact, since the signing of the Energy Policy Act of 2005, your business can accelerate significant tax deductions by going green. The Energy Policy Act of 2005 established a tax deduction for commercial build ings that reduce annual energy and power consumption. The deduction is available to a taxpayer for part or all of the cost of energy-efficient property that is installed in new or existing commercial buildings. The…

What’s old is new again

February 22, 2008

On this nasty Friday, I’ve got a few updates on previous posts. Hope everyone has a nice weekend. Here goes:

What was Flagstar thinking?
Flagstar Bank has added yet…

Green group touts its mission in HQ project:

February 11, 2008

The Fountain Square property that Keep Indianapolis Beautiful Inc. has purchased to house its headquarters is undergoing a massive renovation that will transform it from abandoned derelict to an environmental showpiece. In the process, the not-for-profit environmental group is hoping to set a green example for other developments and draw attention to its mission. KIB bought the building at the corner of Fletcher and Shelby streets for $410,000 in October from the Southeast Development Neighborhood Corp. A $1.3 million redevelopment…

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…

New developments coming soon

February 6, 2008

Seen one of these signs? There are plenty around town. Here are a few notable projects slated for Metropolitan Development Commission hearings: Locally based Herman & Kittle Properties Inc. is proposing…

Green developer has $20M pipeline

February 4, 2008

Is green development finally catching on in Indianapolis? The four owners of Casa Verde LLC certainly hope so. The company has plans for a $14-million, LEED-certified condo project in Columbus. In Indianapolis,…

VIEWPOINT: Cookie-cutter schools: a fatally flawed idea

February 4, 2008

What would happen if Congress passed a law requiring every U.S. statehouse to use the exact same building design? And that every city hall, every fire station and library must be built from a canned design? Imagine being told that, from now on, every house in the state would have the exact same design, so homeowners could spend less on design costs. It sounds crazy to think one design fits all, but that’s exactly what lawmakers are considering for educational…

Developer with environmental bent has $20M pipeline of projects

February 4, 2008

Expensive suits and luxury cars are standard issue for most developers, but not for the owners of locally based Casa Verde
LLC. Three of four owners sport beards. They build only Leadership in Energy and Environmental Design, or LEED, certified
projects. But don’t let the hippie image mask the company’s mission: Make green by building green.

Old Centrum to close

January 31, 2008

The Old Centrum is scheduled to close at the end of March, leaving an uncertain future for the former Central
Avenue United Methodist Church at 12th and Central. The…

IU, Purdue enter arms race

January 30, 2008

Two donors recently came forward to support the $82 million renovation of Purdue University’s Mackey Arena.

Tom Spurgeon, a 1961 alumnus and current Purdue trustee, has contributed $3 million toward the project. The gymnasium in the student-athlete academic center will be…

Local builders slash jobs, offices to survive housing slump

January 28, 2008

At the market’s peak, builders churned out more than 12,000 new homes a year in central Indiana. In the current slump, new-home
production has dropped to fewer than 7,000 per year, leaving builders with no choice but to slash prices, eliminate hundreds
of jobs, and look to unload huge chunks of office space.

Nature Conservancy buys blighted industrial site

January 14, 2008

The Nature Conservancy has agreed to buy a blighted industrial property on the eastern edge of downtown to develop a new Indiana
headquarters. The $4.5 million project–which will revitalize or replace the former home of Nemec Heating & Supply Co. at
614 E. Ohio St.–should provide another boost to an area that has been bulking up on development, mainly residential.

Updates on downtown projects

January 9, 2008

By popular demand, here are a few updates on new development projects: The Maxwell is coming out of the ground on schedule, but sales have been slow so far,…

More closings, some temporary

January 8, 2008

The Music Mill, a north-side restaurant, bar and concert venue, has temporarily closed its restaurant for a renovation. The box office remains open at the 82nd Street facility.

Seven nightclub in Broad Ripple…

‘Mystery man’ at helm of Premier Properties dreams big, but bills pile up

December 17, 2007

Christopher P. White is arguably the city’s most daring real estate developer. But an IBJ review of hundreds of pages of public
records shows White and his Premier Properties USA Inc. are facing major financial and legal challenges.

$24M makeover readies Historical Society for new era

December 10, 2007

Indianapolis Historical Society leaders are taking the next step in the evolution of the archival-research-based group. The
group’s 8-year-old facility, the Indiana History Center, is getting a Disneyesque makeover, as is its programs.

Indiana Historical Society plans new works

December 4, 2007

The Indiana Historical Society will pilot a series of interactive history lessons at its Indiana History Center next year before closing the facility for most of 2009 to make it more visitor-friendly.

Kits & Kaboodle founder back at it with Mass Ave store

December 3, 2007

Local-toy-store veteran Natalie Canull is now operating a bustling store on Massachusetts Avenue that’s narrowly focused on
upscale toys–a niche that keeps her out of the path of mass-market heavyweights like Toys “R” Us and Wal-Mart.

Tower’s history revealed

November 13, 2007

Contractors uncovered a bit of history this week as they continued renovation work at One Indiana Square, the 36-story office tower at Ohio and Pennsylvania streets. The work revealed parts…

Commentary: White River State Park a true gem

November 12, 2007

On the week we give our Michael A. Carroll Award to Brian Payne for his promotion of the Indianapolis Cultural Trail, I am thinking of White River State Park. The connection is easily made because Mike Carroll was killed in an airplane crash on his way to do research on-you guessed it-White River State Park. He, three other civic leaders and two pilots died when two planes collided in midair on Sept. 11, 1992. Fast forward: As I envision Payne’s…

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Articles

VOICES FROM THE INDUSTRY: Green solutions can mean savings for building owners

What’s old is new again

Green group touts its mission in HQ project:

A smorgasbord of topics

New developments coming soon

Green developer has $20M pipeline

VIEWPOINT: Cookie-cutter schools: a fatally flawed idea

Developer with environmental bent has $20M pipeline of projects

Old Centrum to close

IU, Purdue enter arms race

Local builders slash jobs, offices to survive housing slump

Nature Conservancy buys blighted industrial site

Updates on downtown projects

More closings, some temporary

‘Mystery man’ at helm of Premier Properties dreams big, but bills pile up

$24M makeover readies Historical Society for new era

Indiana Historical Society plans new works

Kits & Kaboodle founder back at it with Mass Ave store

Tower’s history revealed

Commentary: White River State Park a true gem