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344 results for 'Flaherty+'

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    Brandon Bogan

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Articles

Mann seeks larger digs as growth strategy pays off: Busy developer eyes property for new headquarters

February 21, 2005

On Bash Street, off the beaten path from often-congested East 82nd Street, Mann Properties has quietly built a commercial real estate development business that is outgrowing its cozy quarters. The location in the developer’s secondoldest office park has served Mann well since the mid-1980s. But flanked on both sides by other companies, the space offers virtually no chance to expand, let alone any opportunity for increased visibility. So Managing Partner Brian Mann, 37, has brokered a deal to purchase 20…

Breaking the glass ceiling: Despite gains, commercial real estate field still dominated by men

March 13, 2006

As a business student at IUPUI in the late 1980s, Jill M. Herron worked part-time as a leasing agent for a commercial real estate company to earn extra money. She had no idea that her parttime job would turn into a lifetime career. “I fell into it by accident,” Herron said. “But I found I liked the diversity of the job, the opportunity to meet different types of people and the challenges of meeting a client’s goals.” Now a vice…

Canal site picked for $33M project

December 4, 2006

A local developer plans to build a $33 million, four-story apartment and retail complex on the Central Canal just north of
Michigan Street. Flaherty & Collins Properties has the three-acre parcel under contract from American United Life Insurance
Co.

Mayor: MSA project can’t hinge on pre-sales: Requirement might mean city has to ante up

December 4, 2006

City leaders are sticking to their guns: They want a residential tower on the former Market Square Arena site downtown. And they want developers to start construction before they ask potential residents to buy. The idea is to eliminate the stumbling block that derailed previous redevelopment efforts, but observers say the requirement will make it difficult to line up financing-unless the city kicks in some money. Mayor Bart Peterson hasn’t ruled that out, but he remains resolute on one point:…

Landlords open up to ‘riskier’ tenants: As foreclosures increase, apartment managers let some credit issues go

February 19, 2007

Firms that oversee large, upscale apartment complexes used to be able to set the bar high when reviewing potential tenants’ credit histories. Many would turn away applicants with accounts in collections, foreclosures or outstanding medical debts. But even as more people come back to rental housing, landlords are finding they can’t be as picky as in the past because more and more Indianapolis-area residents bring with them credit baggage from unpaid medical bills or home foreclosures. “Maybe 70 percent of…

Duke, Lauth, Mansur join MSA site fray

March 26, 2007

A who’s-who of local firms is planning bids to redevelop the Market Square Arena site with mixed-use projects that would depart
sharply from previous efforts focused on residential. New plans are expected to include retail , offices, apartment units
and condos backed by high-profile local developers that didn’t bid before.

Canal could be home to new hotels or condos: Requirement for retail could jump-start slow effort

April 16, 2007

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…

Downtown hot for apartments: Developers of new multifamily projects encouraged by high occupancy rates, rising rents, waiting lists

April 23, 2007

Justin Williams and Meredith Barrett grew up on the south side, but that’s not where they’ll live after getting married in September. They’re looking for an apartment downtown. It’s the only neighborhood they’re considering. “I love being right in the middle of everything,” said Williams, 25, a server at P.F. Chang’s China Bistro in Circle Centre. Barrett, a 22-year-old nurse at Wishard Hospital, said she “just likes to be able to walk everywhere.” The couple is part of a growing…

Winning bidder plans mixed-use project: Plan for state-owned parcel would add new neighbors for Bourbon Street Distillery, Musicians’ Repair & Sales

April 30, 2007

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…

Two more Central Canal competitors unveiled: The Marion County Alliance of Neighborhood Associations may ask the city and state for more public input

May 7, 2007

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…

Rescue for MSA site fell short

May 14, 2007

A high-profile local firm that quietly negotiated last fall to salvage the stalled redevelopment of the Market Square Arena
site abandoned its plans when the city decided instead to solicit new proposals early this year.

Canal complex wins city incentives

June 26, 2007

A new apartment and retail complex along the canal has won a 10-year tax abatement worth $2.7 million. The Cosmopolitan on the Canal project, by locally based Flaherty & Collins Properties, is…

24-year-old developer tackles $30M deal

September 10, 2007

Jaron Garrett hasn’t developed anything like the 25-story tower he’s proposing. And he doesn’t come close to having the financial
muscle to pull off the $30 million project on his own. But Garrett is determined to sell his vision of transforming a downtown
eyesore at Washington and Pennsylvania streets into a twisting glass-and-steel apartment tower.

Plainfield apartments sell for $29.5M

October 8, 2007

Indianapolis-based Flaherty & Collins said it has sold its Central Park Metropolis apartment complex in Plainfield to the Chicago investment group Becovic for $29.5 million. The property has 264 units, bringing the price to $111,000 per unit.

‘Aggressive moves’ feed Flaherty & Collins’ growth: Local apartment developer gaining national foothold

October 22, 2007

David Flaherty and Jerry Collins left comfortable vice president gigs at a local real estate firm to strike out on their own in 1993. Roughly two years passed before the two former Revel Cos. executives received another paycheck. But the gamble eventually paid off handsomely. Indianapolis-based Flaherty & Collins Properties has become a nationwide player in apartment housing, with a staff of 412, a development pipeline of $500 million, and more than 13,500 apartment units under management. Flaherty and Collins…

High-rise in works near canal

November 12, 2007

A strong demand for student housing downtown is driving a $40 million plan for a high-rise apartment tower a couple of blocks
east of the Central Canal. The developer, a partnership of Fishers-based Paramount Realty Group and Indianapolis-based Alboher
Development Co. Inc., hopes to build the 16-story Paramount Tower on a OneAmerica parking lot.

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…

J.F. Wild building getting makeover

April 2, 2008

A local firm has begun renovations on an historic 12-story former bank building at 129 E. Market St. Crown Property Group bought the J.F. Wild & Co. building from…

Blockbuster deals drive interest in Anson: Developers seeking Target, theater, home builder

April 7, 2008

Executives at locally based Duke Realty Corp. fielded questions for years about what was taking so long with Anson, a $1.4 billion residential, retail and industrial development along Interstate 65 in Whitestown. Not anymore. A string of blockbuster new tenants including MedcoHealth Solutions Inc. and Amazon.comInc. have fired up interest in the 1,700-acre project, particularly its industrial component known as Allpoints at Anson. Together, the companies plan to invest more than $175 million-Medco is building an automated pharmacy and Amazon…

Renovated Central Library spawns neighborhood revival

April 28, 2008

A local developer plans to spend up to $45 million building a “north village of downtown” on several parcels it has assembled
near the Central Library. Buckingham Cos. plans to build apartments, offices, restaurants and retail space-all surrounding
its headquarters in the three-story Stokely-Van Camp building at the southeast corner of Meridian and St. Joseph streets.

1 2 3 … 18 Next »
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