College leasing chunk of Lexington
A private college system plans to move into the Lexington project at Meridian and 12th Streets downtown. Brown Mackie College has executed a lease for 25,000 square feet in the 1921 building that…
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Longworth departs City Market amid $1.8 million renovation
Nikki Longworth no longer is executive director of Indianapolis City Market. Her departure ends a sometimes-controversial six-year tenure. A market employee confirmed the departure. Additional information was not immediately available. The market is in the midst of a $1.8 million renovation that is running behind schedule.
New restaurant at Dodd’s Townhouse
A group of local investors are planning a new restaurant dubbed The Meridian in the former home of Dodd’s Townhouse at 5694 N. Meridian St. Former Ruth’s Chris Executive Chef Dan…
Evansville casino aborts renovation, blames mayor
A planned $60 million renovation of Casino Aztar in downtown Evansville won’t be carried out partly because of a spat between the riverboat’s owner, Columbia Essex Corp., and Evansville Mayor Jonathan Weinzapfel. Columbia President William Yung told a conference of Evansville business leaders yesterday he doesn’t feel welcome in the city, and that previously announced […]
Former sales rep alleges Ohio roofing firm overcharged: Tremco denies civil charges of unfair business practices in its work for Indiana school corporations
A longtime sales representative for one of the roofing industry’s largest manufacturers alleges his former employer defrauded Indiana public schools out of more than $1.5 million. Brennen Baker charges that the company, Beachwood, Ohio-based Tremco Inc., circumvented Indiana’s public bidding laws for school projects; overcharged for its services; and billed for materials, services and equipment it never delivered. Baker was a Tremco sales rep for southwest and central Indiana from 1991 until January 2004. Baker, who later founded the Fishers-based…
Design changes afoot for state Web pages: Online renovation includes search-engine upgrade that features Scott Jones’ ChaCha instead of Google
A redesigned state Web portal unveiled last month should make it easier for Hoosiers to plow through mounds of government minutia. But, more important, the revamping set to be finished in mid-2008 represents a major shift in state policy. By contracting with locally based ChaCha Search Inc.- tech entrepreneur Scott Jones’ new humanassisted Internet search engine-the state no longer relies solely on big, name-brand computer technology such as Microsoft. “We have somebody who is local and excited about taking the…
Don’t cry for me, downtown eyesore
An Argentinian restaurant called Taste of Tango is moving into a vacant building along East Washington Street downtown. The new owner, local real estate broker Fabricio Perez, has begun renovations and…
Frozen Custard on the Canal at last
Could it be? A long-promised Ritter’s Frozen Custard and a coffee shop apparently are on schedule to open later this month on the north end of the Downtown Canal. The $3.5-million renovation of…
ECONOMIC ANALYSIS: Does growth in health care drive our state’s economy?
Indiana households, businesses and governments spent more than $33 billion on health care products and services in 2004. We don’t have current data yet, but you can be sure the amount is higher today. That’s because growth in health care expenditures in the state has averaged a whopping 8.6 percent per year since 1980. In 2004, spending on hospital care, physician services, prescription drugs, nursing homes, and every other kind of health care product or service gobbled up 14.4 percent…
Winning bidder plans mixed-use project: Plan for state-owned parcel would add new neighbors for Bourbon Street Distillery, Musicians’ Repair & Sales
The winning bidder for a prime piece of state-owned land on the west side of downtown hopes to break ground later this year on a residential and retail complex. The project would replace a shabby parking lot on a triangle-shaped block that is now anchored by The Bourbon Street Distillery and Musicians’ Repair & Sales. The U-shaped, 0.75-acre property at 340 N. Capitol Ave. touches Indiana Avenue, Capitol Avenue and Vermont Street. The development likely would include condos above a…
Wright Development LLC: Providing the missing piece Development company aims to recreate neighborhoods
Driving around the Holy Cross area just east of Lockerbie, the CEO of Wright Development LLC points out several properties her company has bought and refurbished-starting with 1209 and 1210 E. Vermont St.-as well as the many rehabs in the works. “Our goal is to re-create neighborhoods and make them viable, thriving, desirable places to live,” she said. “That’s usually left to the city, the not-for-profits and the [community development corporations]. We feel like there’s been a component missing.” The…
Broadbent’s new era: Veteran real estate firm known for strip centers prepares for new headquarters, new leadership
The distinctive black-and-white façade of the Zipper Building at Washington Street and Virginia Avenue is gone, stripped away like ceiling tiles from an old bedroom. Replacing the unusual exterior of the three-story structure will be a more traditional brick and stone look-and a new moniker bearing the name of owner The Broadbent Co. Broadbent, the longtime developer of retail strip centers including Castleton Plaza, Clearwater Crossing and Fashion Mall Commons bought the downtown building last October and is set to…
Storied luxury Canterbury hotel may sell
The stately 12-story Canterbury Hotel could use a renovation, hospitality analysts say, to restore some luster and help it
take on more modern competitors. Such an overhaul might be on the way, along with new owners for the independent boutique
hotel at 123 S. Illinois St.NFL plan puts hit on Colts
A new National Football League policy could cost the Indianapolis Colts $56 million in league revenue sharing in the decade
following the opening of Lucas Oil Stadium. The policy
puts more pressure on the Colts to compete with revenue-generating giants such as the Washington Redskins and Dallas Cowboys.Dramatic facade change planned for office tower
The city’s oldest skyscraper will get a sleek new look starting this summer, when workers are scheduled to begin installing
a glass-covered curtain wall to replace a storm-scarred facade. Renovation of One Indiana Square should begin in June and
continue for two years.Sheraton replacing Radisson downtown: Experts say new brand should give hotel a boost
The downtown Radisson Hotel City Centre will get a new life by the end of this year, converting into the Sheraton Indianapolis City Centre Hotel. Experts say the change is good for downtown and that hotel owners are trading up by switching to the Sheraton brand. “Clearly, that would be a step up for the hotel,” said Rob Hunden, president of Chicago-based Hunden Strategic Partners Inc., a firm that consults on hotels and convention facilities. “It is clearly better than…
Mansur lands $50M midfield airport hotel
The Indianapolis Airport Authority has tapped Mansur Real Estate Services Inc. to develop a $50 million-plus Westin hotel
at the new midfield terminal. But the hotel’s final design may be one submitted by a former competitor, White Lodging Corp.
of South Bend.Democrats grooming Schellinger as candidate for governor
In the Democrats’ field of potential candidates to unseat Gov. Mitch Daniels, there are few household names. That’s why they’re
preparing to spend the next 19 months introducing you to Jim Schellinger.Off to slow start, French Lick fears threat from ‘racinos’
French Lick Resorts & Casino is already struggling, less than four months after its launch. And the casino’s owners are downright
terrified legislators soon will allow both of the state’s horse-racing tracks to become “racinos” and add up to 5,000 slot
machines.Meridian Street landmark gets new life
Buckingham Cos., the Indianapolis-based owner/manager of more than 60 apartment complexes in five states, has broadened its
development sphere to include three square blocks of downtown real estate.