Old Centrum to close
The Old Centrum is scheduled to close at the end of March, leaving an uncertain future for the former Central
Avenue United Methodist Church at 12th and Central. The…
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Articles
IU, Purdue enter arms race
Two donors recently came forward to support the $82 million renovation of Purdue University’s Mackey Arena.
Tom Spurgeon, a 1961 alumnus and current Purdue trustee, has contributed $3 million toward the project. The gymnasium in the student-athlete academic center will be…
Local builders slash jobs, offices to survive housing slump
At the market’s peak, builders churned out more than 12,000 new homes a year in central Indiana. In the current slump, new-home
production has dropped to fewer than 7,000 per year, leaving builders with no choice but to slash prices, eliminate hundreds
of jobs, and look to unload huge chunks of office space.Nature Conservancy buys blighted industrial site
The Nature Conservancy has agreed to buy a blighted industrial property on the eastern edge of downtown to develop a new Indiana
headquarters. The $4.5 million project–which will revitalize or replace the former home of Nemec Heating & Supply Co. at
614 E. Ohio St.–should provide another boost to an area that has been bulking up on development, mainly residential.Updates on downtown projects
By popular demand, here are a few updates on new development projects: The Maxwell is coming out of the ground on schedule, but sales have been slow so far,…
More closings, some temporary
The Music Mill, a north-side restaurant, bar and concert venue, has temporarily closed its restaurant for a renovation. The box office remains open at the 82nd Street facility.
Seven nightclub in Broad Ripple…
‘Mystery man’ at helm of Premier Properties dreams big, but bills pile up
Christopher P. White is arguably the city’s most daring real estate developer. But an IBJ review of hundreds of pages of public
records shows White and his Premier Properties USA Inc. are facing major financial and legal challenges.$24M makeover readies Historical Society for new era
Indianapolis Historical Society leaders are taking the next step in the evolution of the archival-research-based group. The
group’s 8-year-old facility, the Indiana History Center, is getting a Disneyesque makeover, as is its programs.Indiana Historical Society plans new works
The Indiana Historical Society will pilot a series of interactive history lessons at its Indiana History Center next year before closing the facility for most of 2009 to make it more visitor-friendly.
Kits & Kaboodle founder back at it with Mass Ave store
Local-toy-store veteran Natalie Canull is now operating a bustling store on Massachusetts Avenue that’s narrowly focused on
upscale toys–a niche that keeps her out of the path of mass-market heavyweights like Toys “R” Us and Wal-Mart.Tower’s history revealed
Contractors uncovered a bit of history this week as they continued renovation work at One Indiana Square, the 36-story office tower at Ohio and Pennsylvania streets. The work revealed parts…
Commentary: White River State Park a true gem
On the week we give our Michael A. Carroll Award to Brian Payne for his promotion of the Indianapolis Cultural Trail, I am thinking of White River State Park. The connection is easily made because Mike Carroll was killed in an airplane crash on his way to do research on-you guessed it-White River State Park. He, three other civic leaders and two pilots died when two planes collided in midair on Sept. 11, 1992. Fast forward: As I envision Payne’s…
Now solo, VP set to expand
Convenience store stalwart Village Pantry has launched a $15 million plan to renovate 146 stores and is eyeing acquisitions
that could double the chain’s size in three years. The moves come as Village Pantry separates from parent Marsh Supermarkets
Inc., a company that for years treated the convenience-store division as a redheaded stepchild.Sluggish housing market a blow to some contractors: Residential crews seek commercial jobs to stay busy
The number of crews Robert Hoffman employs to frame new homes has dwindled from 14 to four, and could drop even more if the residential construction market continues to sputter. But the owner of Hoffman Framework Inc. in North Salem, a tiny town in western Hendricks County, is not about to let his 12-year-old business wither away. Instead, he’s expecting to recover by making the leap to the much more vibrant commercial sector, where he can use his experience framing…
Fast-growing WDG built on years of industry experience: Veteran of Kite, Lauth branches out on his own
For Mike Wyman, a devastating fire that gutted the family home during his teen-age years laid the foundation for a rewarding career in construction. The 41-year-old Wyman climbed from carpenter to become a leader of projects at two of the city’s largest commercial developers before launching his own company in 2005. WDG Construction & Development Services Inc. on East Washington Street downtown has since grown into a firm that expects to top $30 million in revenue next year-double this year’s…
Furs, golf, fitness and Whac-A-Mole
A couple of nuggets from recent development plans:
Making Way for Venu: Another Woodfield Centre tenant is moving to make way for redevelopment. Elan Furs has filed plans to take space in Clearwater Shoppes…
Conventions abandon hotel-challenged Muncie
The executive director of the Horizon Convention Center in downtown Muncie estimates the center has lost half a dozen conventions since the historic Roberts Hotel across the street closed a year ago. Joann McKinney said in The Star Press that the loss of the city’s last downtown hotel left convention-goers no place convenient to rest, […]
Brokerage firm buys building
A local brokerage firm that specializes in foreclosed properties is moving its headquarters from North Meridian to a 6,700-square-foot office building at 1236-1238 Pennsylvania St. Wynkoop Brokerage bought the building shown…
Washington Township tests anti-tax mood
A north-side Marion County school district is reigniting the property-tax furor by rolling out a plan to spend as much as
$200 million on renovations and new construction. Washington Township is the first school district in the county to unveil
major capital projects since residents howled in protest last summer against property-tax increases that averaged 35 percent.These colors don’t run
Work on the renovation of Jefferson Plaza (soon to be Allen Plaza) began this week as construction workers raised an Allen Commercial Group flag over the plaza. It replaces a worn-out state…