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Conner Prairie balloon ride part of 10-year strategy

October 13, 2008

Conner Prairie wants to pay homage to early aviator John Wise with a balloon ride that recalls his August
1859 trip from Lafayette at the helm of a gas-filled balloon bound for New York City with the nation’s first
air-mail delivery. An ill wind blew him Wisecourse, ending his flight in Crawfordsville, but he still earned
a place in history–and a U.S. Postal Service-issued stamp honoring his pioneering effort.

Will little transit systems make bigger footprint?: Study to look at economies, new opportunities to grow and coordinate rural bus systems

September 29, 2008

They’re overshadowed in all the talk of a commuter rail line and its cosmopolitan allure. And they don’t get headlines like Indy-Go does when it launches another route to whisk Carmel and Fishers suburbanites to work downtown. But rural transit providers in the nine doughnut counties quietly generate economic growth by hauling hundreds of thousands of people each year in small buses or vans to doctors’ offices, shopping centers and jobs. Suburban businesses have been grousing for years that the…

Experts: Building boom not over: Big projects wind down, but new ones fill pipeline

September 8, 2008

The completion of $2 billion in city construction projects has left a gaping hole in contractor job schedules-as wide as when the roof opens at Lucas Oil Stadium. Even so, industry leaders remain optimistic about staying busy despite the combination of a tepid economy and the end of a local boom that stretched the limits of the labor pool. The $1.1 billion airport midfield terminal project, the $715 million stadium and $150 million Central Library expansion helped to create so…

Charter Homes builder draws scrutiny for odd sales claims, multiple liens

August 25, 2008

Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its
rampant crime, boarded-up homes and vacant lots. But as he’s constructed a slew of homes and carriage houses there, the local
builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.

Strip centers feeling sting of housing market slump: Developers cutting back on new retail projects

August 18, 2008

Those ubiquitous retail strip centers are beginning to wither under a housing slump that has cast a dark cloud over much of the U.S economy. Heavily dependent on new-home construction, strip-center developments have been hurt by tough residential real estate conditions that have spread into the commercial arena and dampened retail activity. Nationally, the volume of strip-center investment transactions is down 77 percent from a year ago, according to a June commercial report from the Chicago-based National Association of Realtors….

Strip centers feeling sting of housing market slump: Developers cutting back on new retail projects

August 18, 2008

Study costs, public support mount for commuter rail: Key vote on northeast corridor could come next month

August 11, 2008

Worsening gas prices and congestion have some commuters demanding faster progress on launching a rapid transit line. They can quibble about slowness in getting it done, but lack of study hasn’t been an issue. The Indianapolis Metropolitan Development Organization spent $4 million since 2002 on a rapid transit study that concluded earlier this year, according to records provided by the agency. Most, or 80 percent, of the funds paid to eight consulting firms came from federal transportation funds, with 20…

BEHIND THE NEWS: Software maker off target with timing for $86M IPO

August 11, 2008

When it came to timing its initial public offering, ExactTarget Inc. didn’t exactly hit a bull’s-eye. The Indianapolis-based maker of e-mail marketing software filed to go public in mid-December, well into the market swoon that began before Halloween. Since then, the market’s only gotten spookier. The S&P 500 has shed another 13 percent, leaving the bellwether index 18 percent off its October high. Not surprisingly, ExactTarget is stuck at the starting gate. It hasn’t moved forward with launching its $86…

Independent coffee shops feeling perkier than Starbucks

July 28, 2008

At a time when Starbucks is closing hundreds of stores nationwide, he and other local independent coffeehouse owners say they’re doing just fine, largely because they’re infusing their stores with personality and offering consumers an experience chain stores can’t replicate.

Carmel’s play for the arts

July 21, 2008

Carmel’s play for the arts Some fear it will come at Indianapolis’ expense The $80 million-plus Carmel Performing Arts Center, a neo-classical-styled concert hall designed to be an acoustical masterpiece, is still two years from opening. But it’s already the source of some dissonance in the Indianapolis arts community to the tune of Mozart’s String […]

Carmel’s play for the arts: Some fear it will come at Indianapolis’ expense

July 21, 2008

The $80 million-plus Carmel Performing Arts Center, a neo-classical-styled concert hall designed to be an acoustical masterpiece, is still two years from opening. But it’s already the source of some dissonance in the Indianapolis arts community to the tune of Mozart’s String Quartet No. 19, in C major. On one hand, Indianapolis-area performing arts groups would sacrifice to theater god Dionysus for a chance to perform at the 1,600-seat music hall or at its adjacent 500-seat theater. But others fret…

Business leaders battle over real estate left behind by Payton Wells

June 9, 2008

The Malibus and Impalas disappeared from Payton Wells Chevrolet more than 18 months ago, but the controversy over the defunct
dealership at 1510 N. Meridian St. is far from being in the rearview mirror for some of the city’s top businesspeople and
developers. A court battle over the dealership’s properties could determine when and how the roughly six acres of prime land
are redeveloped.

Land banking: Banks grab top sites for branches, often years before they build

May 19, 2008

Many of central Indiana’s banks are filling their own safe-deposit boxes, but they’re not stuffing them with jewelry, legal documents or blackmail material. They’re banking parcels of land. The sites often are in fast-growing suburbs or redevelopment areas that hold potential for new brickand-mortar bank branches, sometimes several years down the road. Competition can be fierce for the prime sites, and other financial institutions aren’t the only nemesis for banks: Walgreens and CVS also are fighting over the best ground,…

Test run of commuter rail could be relatively cheap

May 19, 2008

Planners and politicians spent the better part of a decade and untold millions of dollars studying a mass transit system between
downtown and the suburbs. They have little to show for it except mounds of reports and an estimate of $690 million, but the
boys in bib overalls at the Indiana Transportation Museum think they can get it done for much less.

Former Duke retail executive ready for first solo project: Schembre preparing to break ground on $15M Lawrence Commons

April 28, 2008

A former Duke Realty Corp. executive who hung up her own shingle last year is close to breaking ground on her first project. Cindy Schembre, 49, launched Via Retail Development LLC in January 2007 and is negotiating with tenants and closing on the purchase of 11 acres at 56th Street and Mitthoeffer Road. The $15 million project, known as Lawrence Commons, is an 80,000-square-foot neighborhood center that is slated to break ground in June. The development includes a 45,000-square-foot anchor…

The year flew by

April 16, 2008

Property Lines turns one this week. We’ve reached 300 posts and more than 5,500 comments thanks to the participation and support of a loyal group of readers. Thank you.To mark the occasion, let’s…

St. V: ERs needed in suburbs: Traditionally unprofitable service could thrive in two growing areas

April 14, 2008

Building these facilities i n proven “growth markets” such as Boone and Hamilton counties, however, should prove more prosperous, insists St. Vincent CEO Vincent Caponi. A more upscale demographic is the telling factor. Yet, the network of hospitals is not about to abandon its purpose of serving the needy. “That doesn’t mean the poor and underserved aren’t going to be coming to our front door,” Caponi said. “That’s always been part of our mission. We will continue [to], and gladly,…

Hoosiers moving to the country, study finds

March 10, 2008

Indiana’s population is migrating to rural areas, a new study shows. Unincorporated areas added nearly 148,000 residents between 2000 and 2006, a growth rate of 7 percent, said the study, which was conducted by the Indiana Business Research Center at Indiana University. Incorporated areas grew by 85,000 people, or 2.1 percent. The trend was strong […]

Kite lands in hot retail spot

February 25, 2008

Another high-profile local developer is making a move to capitalize on the city’s hottest retail corridor, joining mall giant
Simon Property Group Inc. and upstart Premier Properties USA Inc. Kite Realty Group Trust paid $18.3 million for Rivers Edge
shopping center, a 111,000-square-foot property just east of Clearwater Crossing.

Real estate to hold steady in ’08, report says

January 10, 2008

Real estate giant Colliers Turley Martin Tucker expects a 2008 slowdown in new office and industrial construction in Indianapolis as market demand catches up to a rapidly expanding supply. Retail construction likely will continue its quick pace, buoyed by the addition of mega-fitness chains and the local expansion of Dunkin Donuts. But tightening credit markets […]

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Articles

Conner Prairie balloon ride part of 10-year strategy

Will little transit systems make bigger footprint?: Study to look at economies, new opportunities to grow and coordinate rural bus systems

Experts: Building boom not over: Big projects wind down, but new ones fill pipeline

Charter Homes builder draws scrutiny for odd sales claims, multiple liens

Strip centers feeling sting of housing market slump: Developers cutting back on new retail projects

Strip centers feeling sting of housing market slump: Developers cutting back on new retail projects

Study costs, public support mount for commuter rail: Key vote on northeast corridor could come next month

BEHIND THE NEWS: Software maker off target with timing for $86M IPO

Independent coffee shops feeling perkier than Starbucks

Carmel’s play for the arts

Carmel’s play for the arts: Some fear it will come at Indianapolis’ expense

Business leaders battle over real estate left behind by Payton Wells

Land banking: Banks grab top sites for branches, often years before they build

Test run of commuter rail could be relatively cheap

Former Duke retail executive ready for first solo project: Schembre preparing to break ground on $15M Lawrence Commons

The year flew by

St. V: ERs needed in suburbs: Traditionally unprofitable service could thrive in two growing areas

Hoosiers moving to the country, study finds

Kite lands in hot retail spot

Real estate to hold steady in ’08, report says