Apartment developer snags historic Piccadilly Place
A group led by developer Christopher Piazza has acquired the Piccadilly Apartments at 28 E. 16th St. and is planning a renovation of the 1928 building.
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Roundup: Matt the Miller’s, First Watch, Village Cigar, Menchie’s, Jack in the Box
Restaurant roundup highlights: Daytime chain First Watch is headed downtown; Ohio favorite Matt the Miller’s Tavern is expanding to Carmel; and local owners are preparing to debut a new cigar and cocktail bar in Broad Ripple.
DIRECTORY: Residential Design Companies
Arteffects Inc. — Architectural Interiors 4420 N. Meridian St., 46208 (317) 927-0000 Professional interior designers: 2 Other professionals: 1 Services: cost-effective design that enables a desired lifestyle or business operation to occur in inspiring, purposeful ways Head(s) of local operations: Wayne Olander, president and design director Owner(s): Wayne Olander Headquarters city: Indianapolis Year established locally: […]
Indianapolis bond bank chief Kintner is clutch hitter
Deron Kintner has stepped up to fund a string of high-profile real estate projects at a time when private-sector financing is scarce.
Speedway’s plan for roundabout hits snag over billboard
The Speedway Redevelopment Commission is threatening eminent domain against Clear Channel Outdoor Inc. because the billboard company won’t relinquish its lease rights at a key intersection.
Company news
Eli Lilly and Co.’s osteoporosis drug Forteo was used in the first successful human trial of an implantable device that delivers injectable drugs—showing promise for eliminating the need for regular shots. Massachusetts-based MicroCHIPS Inc. implanted wirelessly controlled drug-delivery devices in women with osteoporosis. The devices delivered daily doses of Forteo into the women’s bloodstreams. The device could be helpful for Lilly and its peers, who are trying to develop more biotech drugs like Forteo. Such drugs are typically made up of large proteins, which cannot be reduced to pill form and must instead be injected. Many patients resist taking injectable drugs and many do not fully comply with their prescribed regimens.
A Cicero-based developer plans to build a $15.7 million senior health care center at 16th Street and Arlington Avenue on Indianapolis’ east side. The city’s Metropolitan Development Commission approved the project Wednesday after accepting Mainstreet Property Group LLC’s offer to purchase the property for $912,500. Mainstreet plans to begin construction in July and finish by June 2013. The facility would include 100 beds for skilled care, short-term rehabilitation and assisted-living patients. The facility is expected to create up to 150 jobs, said Zeke Turner, Mainstreet’s CEO. Overall, the company owns or co-owns 13 senior health care centers in Indiana, Illinois and Ohio, and has six more under development. It plans to break ground on as many as 12 centers by the end of the year, including a $13.3 million facility in Westfield, Turner said.
Marian University is looking to hire as many as 25 professors to help launch its College of Osteopathic Medicine, which is slated to open in August 2013. The school, which would be Indiana’s second medical school, would train 150 physicians each year. Marian, a small Catholic university in Indianapolis, wants to hire as many as three professors in each of seven disciplines: anatomy, biochemistry, microbiology, immunology, physiology, pharmacology and pathology.
Developer plans $15.7M senior-living center on east side
The city of Indianapolis approved the project after accepting Mainstreet Property Group’s offer to purchase the property at 16th Street and Arlington Avenue for $912,500.
Tax credits spur city apartment construction
Increase in federal funding helps developers finance projects that include mixed-income rental housing.
Abandoned gas stations both vex, brim with promise
The trick is to determine in advance just how expensive and lengthy that cleanup might be.
Foundation finds buyer for 16th Street buildings after 6-year search
Two brothers purchased the pair of connected buildings at the northwest corner of 16th and Alabama streets and will use the property for a 50-seat café and the offices for Nottingham Realty Group.
ESPN pleased with Pan Am Plaza broadcast decision
The sports network originally considered broadcasting from Monument Circle, but chose the plaza because the location has Lucas Oil Stadium as an ideal backdrop.
Excess land at Fishers airport will be turned over to farming
The town’s leaders had envisioned the Indianapolis Airport Authority property being developed to add to the tax base.
Woman darts in front of semi, dies
An Indianapolis woman was killed by a semi Wednesday afternoon after she ran in front of traffic on northbound Interstate 69. All northbound lanes were closed for about two hours following the incident near State Road 37 and 116th Street. Witnesses said Linda Jackson, 44, ran in front of the truck. The crash is under investigation. Prior to the accident, police received several calls about a woman running in front of vehicles.
Walgreen marks retailers’ push into health care
Health care reform is projected to cover 30 million more people with health insurance—and overwhelm the nation’s doctors. That’s why retailers like Walgreen and Wal-Mart are moving into the space in a big way.
TAFT: Education reform should include real estate
IPS has declined to sell or lease these buildings to charter schools.
Seats from Bush Stadium to live on at bus stops
A local group has partnered with IndyGo to pay homage to one of the city’s great sports landmarks by installing Bush Stadium’s seats at bus stops all over the city.
Fisher’s IndyCar team building headquarters in Speedway
Sarah Fisher Hartman Racing plans to build a $2.7 million facility on Speedway’s new Main Street to house her race team. Construction on the 37,000-square-foot shop could start in February and be finished in September.
Carmel office/retail complex hurt by road project gets second chance
Merchants Pointe, a two-building office/retail development at 116th Street and Keystone Parkway, is getting a fresh start after major road construction drove away tenants and caused a previous owner to default.
Land gift preserves 40 acres in Indianapolis suburbs
The donation to the Central Indiana Land Trust comes from farmer Van Eller, who lived most of his life on the land now surrounded by Fishers and Carmel subdivisions before he died last year at age 89.
Neighbors oppose gas station at 16th and Central
Residents of an area near the intersection of Central Avenue and 16th Street are sparring with owners of a site on its northwest corner who want to build a gas station there. The neighbors had other hopes for the spot, as part of their plans for a pedestrian-friendly 16th Street corridor.