City officials are seeking approval this week for $66 million in tax-increment financing to help pay for a 1,000-room JW Marriott convention hotel along East Washington Street. The Metropolitan Development Commission is slated to consider the plan, which would create a new economic development area, on Wednesday. The City-County Council could consider the move next […]
INDIANAPOLIS HAS: Seating for up to 73,000 and a retractable roof at Lucas Oil Stadium, set to open in 2008. The press box seats 200, but event space could be converted for additional media use. PRACTICE FACILITIES NFL WANTS: Comparable practice facilities for both Super Bowl teams, including a covered field with the same turf as the stadium, locker rooms for players and coaches, meeting rooms, and laundry service. INDIANAPOLIS HAS: The Colts’ 56th Street football complex. Bid organizers have…
During their first half-decade in operation, the state's casino slots machines grew their total sales to $22 billion,
according to Indiana Gaming Commission records. But in the last five years, slot sales grew just 18 percent, reaching $25.9
billion in 2006. That's what business textbooks call a maturing market.
Bringing a Super Bowl to Indianapolis might have little to do with weather, hotel rooms or posh practice facilities. The biggest
factor is likely to be Indianapolis Colts owner Jim Irsay, and how other National Football League owners feel about him and
the contributions he has made to their tight-knit club.
Developers are planning a new 80-room Candlewood Suites hotel on the east side at 21st Street and Shadeland Avenue. Constructed is slated to start next summer on the hotel, which would be the fourth in Indianapolis for the InterContinental Hotels…
A new PetSmart store opening soon at Trader’s Point will be home to a 157-room PetsHotel, the first for the chain in Indiana. The store is slated to open in June and will…
Central Indiana’s non-residential construction industry is growing faster than the nation’s. That’s one of several observations to be found in three sector-specific reports the Indiana Private Industry Council Inc. will release at a summit Wednesday at the Westin Hotel downtown. The “e3 summit” also will host panels of experts in each field to talk about […]
A 140- to 160-room boutique hotel straddling the Central Canal has been added to the mix of proposals to develop a nearly one-acre parcel the state owns but wants to lease out for development. Four groups submitted plans by an April deadline, but details were not released until May 1. IBJ reported the specifics of two of the proposals April 16. The newly released plans from Wichita, Kan.-based LodgeWorks LP are by far the most ambitious, calling for the state…
Environmentalists who lost a court battle to stop RiverPlace on grounds it will cause flooding upstream along the White River have been buoyed by concerns raised by Indianapolis officials that the 69-acre development could create a torrent of traffic trouble. Last month, in a letter sent to Fishers’ public works director, the Department of Metropolitan Development cited numerous shortcomings with a traffic impact study commissioned by RiverPlace developer Centre Properties. Indianapolis-based Centre has asked Fishers to rezone the property, just…
A Kansas developer has proposed a hotel, restaurant and retail space that would form a bridge over the Central Canal in the tradition of Ponte Vecchio in Florence, Italy (pictured). The plan…
Development near the Honda Motor Co. car assembly plant under construction near Greensburg might go forward, now that the city and Decatur County Rural Water system have reached an agreement to supply water to the area. Signatures are about all that remain to ice the agreement, according to the Greensburg Daily News. The parties didn’t […]
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…
This is one of four proposed projects for an acre of state-owned land along the canal between Ohio and New York streets. What do you think? Property Lines has been asking for…
Two new proposals for the parking lot formerly known as Market Square Arena are shorter and less dramatic than plans for a
31-story tower that fell through last year. But each of the new sets of plans has its flourishes.
The city and two local developers still are working on an agreement for a $250-million hotel complex including a JW Marriott near White River State Park. The parties had hoped to reach agreement by April 1. There are no hangups…
Has anyone heard who might be interested in buying the Canterbury Hotel? IBJ reported this week that the owners of the 99-room property are negotiating to sell. You can read our story here. Sources are telling Property Lines…
State and city officials have begun evaluating four groups that want to develop an acre of prime real estate along the Central Canal downtown. The property, which covers about a third of the block stretching from Ohio Street to New York Street, will feature canal-level retail-a requirement of all potential developments there. It also could be home to a hotel or condominium complex, based on plans from two local developers. Two other groups also are in the running for the…
One night almost a decade ago, Kim Cassel woke up in a hotel room at 3 a.m. It was the latest of hundreds of hotels she’d slept in during her career as corporate vice president of a nationwide candy shop chain. Disoriented, she needed to check the phone book to remember she was in Boston. That’s when Cassel knew she had to open her own business. Within months, she had quit her job, returned to her hometown of Greenwood, leased…
A prestigious, full-service hotel soon will complement Carmel’s booming office market along North Meridian Street. A Cincinnati
developer broke ground this month on a roughly $30 million Renaissance hotel with 263 rooms and 14,000 square feet of meeting
space.
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.
