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Verus Partners gets busy in 1st year in local market: Chicago newcomer has 3 developments under way

August 14, 2006

In 2003, four men decided to leave careers at Chicago-based development powerhouse Higgins Development Partners LLC to start their own company. The result, Verus Partners LLC, an industrial, office and institutional developer, has grown rapidly, opening two offices in Canada and one in Indianapolis, and is pondering a new office in Charlotte, N.C. And its 1-year-old local office is spearheading an aggressive move focused on developing speculative industrial space. Last year, Verus hired Tom Theobald, a 19-year commercial real estate…

Noblesville mega-mall begins lining up retailers: Area brokers say space is likely to lease well

September 18, 2006

J.C. Penney, Best Buy and Bed Bath & Beyond plan to open stores in the $100 million open-air mall Simon Property Group Inc. and a partner are planning to build in Noblesville, retail brokers say. In addition, Grand Rapids, Mich.-based Goodrich Quality Theaters Inc. is in preliminary talks to open a cinema in the project, owner Bob Goodrich confirmed. Simon and another Indianapolis-based developer, Gershman Brown & Associates, announced plans for the nearly 1-million-square-foot Hamilton Towne Centre a year ago….

SPORTS: Football triple-header has its highs and lows

September 25, 2006

There’s nothing better than Friday night at a high school football game. Unless it’s Saturday afternoon at a college football game (even if it is Indiana University). Or Sunday afternoon at an NFL game. Then again, how about all the above on an idyllic late-summer weekend? So, my wife, Sherry, and I set out for a tripleheader gridiron adventure. And before I proceed, let me say it’s terrific to have a bride who will happily endure three football games in…

Malls’ redevelopment attracts familiar names: Borders, AMC Theatres among first tenants identified

September 25, 2006

A mix of familiar stores and upscale retailers will be moving into the nowvacant L.S. Ayres space at Greenwood Park and Castleton Square malls, which owner Simon Property Group Inc. is turning into small-scale lifestyle centers. The open-air developments, which will be similar in design to Carmel’s Clay Terrace, have attracted a host of major retailers, including Barnes & Noble, Borders and AMC Theatres. Smaller specialty shops and sit-down restaurants also are planned. Barnes & Noble will be going in…

Foreign auto plants-yes, foreign automobiles-no: Ford and Chevy tops in all 92 Indiana counties

November 6, 2006

Hoosier workers and community leaders want Honda and Toyota jobs, but the vast majority of them don’t want their cars, at least not yet. At a time when employment by the Big Three automakers is plummeting throughout the state, 80.6 percent of Indiana vehicles registered by the Indiana Bureau of Motor Vehicles are domestic. Hoosiers’ taste for domestic models is in stark contrast with the rest of the country. Nationwide, domestics account for just 51 percent of the market. “I…

East-side businesses fear ‘black hole’ from 10-month I-70 project

November 13, 2006

The rebuilding of Interstate 70 between downtown and Interstate 465 six miles to the east, starting in February, threatens to devastate a part of town already struggling economically, businesses and community groups warn.

Proposed highway could ease congestion, but transit backers say it won’t

November 20, 2006

A 2005 study for the state says an outer highway loop-like the one Gov. Mitch Daniels proposed Nov. 9-would reduce traffic northeast of the city, potentially splashing cold water on a rapid transit plan. But supporters aren’t backing down.

From blankets to burials, trustee work never ends:

November 20, 2006

You can turn to a township trustee for help if a fire leaves you homeless or a hospital stay leaves you penniless. You also look to the office if a dog devours your livestock or you need a fence dispute resolved. Indiana’s 1,008 trustees make up the state’s largest single group of elected officials, and their lengthy list of duties ranges from the conventional to the odd. Some are charged with destroying “noxious weeds” and “rank vegetation,” according to the…

Coming attraction: Imax theater in Noblesville: Technology lets theaters show Hollywood blockbusters

November 27, 2006

Once upon a time not so long ago, Imax films were nearly synonymous with museums. In Indianapolis and elsewhere, the largeformat movie screens-some as big as the side of an eight-story building-featured 40-minute films that took viewers to exotic places like outer space or the top of Mount Everest, and were usually attached to educational and cultural institutions. But technology that debuted in 2002 is bringing Imax screens to suburbia-including to Noblesville in 2008. Grand Rapids, Mich.-based Goodrich Quality Theaters…

Bar-restaurant is graduating to the big city: Scotty’s Brewhouse opens first Indianapolis location, branching out from its roots in Hoosier college towns

December 4, 2006

Scott Wise compares his Scotty’s Brewhouse expansion to a washed-up college band that finally hits it big after 10 years. If that’s the case, his fourth location-and first in Indianapolis-just might go platinum. Before it opened Oct. 30, Wise estimated the 96th Street restaurant would gross $3.5 million in its first year; it’s already on track to reach $5 million. Wise, 33, tapped the college-town markets of Muncie, Bloomington and West Lafayette before taking on Indianapolis. He hopes the name…

Verizon amphitheater might be redeveloped

December 25, 2006

The potential redevelopment of Verizon Wireless Music Center in Noblesville could open the door for a new concert venue in
Indianapolis, but industry veterans don’t expect it would look anything like the popular Hamilton County amphitheater.

Business shoved aside: Readers say city should focus on crime, education in 2007

January 1, 2007

The brutal murders of seven family members, including three children shot dead in their east-side Indianapolis home, cast a dark cloud over the city last summer. Yet the June slayings only served as a harbinger of a wave of violence that later claimed 15 lives in a 10-day span. The crime spree rattled city leaders so severely that Mayor Bart Peterson declared an emergency normally reserved for a natural disaster. 2006 no doubt ranked among the most deadly years in…

South-side multiplex to add Imax theater

January 10, 2007

An Imax movie theater will open later this year in the Kerasotes ShowPlace 16 on the south side of Indianapolis, Imax Corp. said today. The agreement between Canada’s Imax and Chicago-based Kerasotes ShowPlace Theatres LLC will give Indianapolis its second Imax theater. The city’s existing Imax is at the Indiana State Museum downtown. A far-northside […]

More restaurants are looking to south side: Eateries eye expansions in ‘underserved’ market

February 12, 2007

Big-name restaurants scouting for Indianapolis locations have snubbed the south side for years. Eateries like Champps, Cheesecake Factory and Rock Bottom Brewery headed north, drawn by upscale developments and affluent neighborhoods, or downtown to capitalize on the high-traffic from convention visitors. But now, more high-end restaurants are showing interest in the south side, local retail brokers say. Among the chains looking are Fox & Hound, Champps and Old Chicago, a pasta and pizza concept that’s part of the Rock Bottom…

Interstate 69 corridor luring more distribution buildings: Unlike busy Plainfield market, where projects are huge, Fishers, Noblesville attracting smaller warehouses

February 19, 2007

Two massive developments with sizable retail components along the Interstate 69 corridor in Hamilton County are helping to spur the construction of several nearby distribution centers. The light industrial space rising near Fishers and Noblesville is unlike the monstrous warehouse projects prevalent west of Indianapolis in Plainfield and popping up within the Anson project near Whitestown. They instead are mediumsize warehouse or showroom space meant for small businesses expected to populate Hamilton Town Center and Saxony at the Exit 10…

Commentary Noblesville gets traction under mayor:

March 19, 2007

When it comes to the battle of the ‘burbs-at least those north of Indianapolis-Carmel seems to get all the glory. Not that it’s undeserved, considering the progress and growth that have taken place under Mayor Jim Brainard. But lest you haven’t noticed, Carmel’s rival to the northeast-Noblesville-has fired up its afterburners in the last few years and is making major strides on the development front. Some of the credit should go to that city’s first-term mayor, John Ditslear, who was…

Carmel to get $30M Renaissance hotel

April 16, 2007

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.

Competition drives hospital chief: Lennen labors to grow hospital, county to stay ahead of Indianapolis peers

April 16, 2007

Competitive. That’s how Shelbyville community leaders describe Tony Lennen. Indeed. Any CEO of the city’s Major Hospital needs to be. Shelby County residents can, in just 20 to 45 minutes, drive up Interstate 74 or Interstate 65 to any of Indianapolis’ large hospitals, many of which boast massive marketing budgets and stables of specialists. But in nearly 14 years at the helm of Major Hospital, Lennen has found creative ways to boost profits, enhance technology, woo specialists and even-through aggressive…

Local manufacturer tops in laundry coin machines

May 14, 2007

Standard Change-Makers employs 118 people who make 3,500 change machines each year for self-service laundries, self-service
car washes and arcades nationwide. Local workers design, build and service change machines.

EYE ON THE PIE: Indiana: the land of convenience

May 21, 2007

What advantage does Indiana have over other places? Living here gives you more time for living. Put differently, Hoosiers drive fewer minutes each way each day to and from work compared to many people living in other parts of the nation. The May 7 issue of U.S. News and World Report lamented the stress placed on Americans by gridlock. It discussed the “war on traffic” and suffocating congestion. With hope, the authors pointed to new transit systems and trafficmanagement techniques…

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Articles

Verus Partners gets busy in 1st year in local market: Chicago newcomer has 3 developments under way

Noblesville mega-mall begins lining up retailers: Area brokers say space is likely to lease well

SPORTS: Football triple-header has its highs and lows

Malls’ redevelopment attracts familiar names: Borders, AMC Theatres among first tenants identified

Foreign auto plants-yes, foreign automobiles-no: Ford and Chevy tops in all 92 Indiana counties

East-side businesses fear ‘black hole’ from 10-month I-70 project

Proposed highway could ease congestion, but transit backers say it won’t

From blankets to burials, trustee work never ends:

Coming attraction: Imax theater in Noblesville: Technology lets theaters show Hollywood blockbusters

Bar-restaurant is graduating to the big city: Scotty’s Brewhouse opens first Indianapolis location, branching out from its roots in Hoosier college towns

Verizon amphitheater might be redeveloped

Business shoved aside: Readers say city should focus on crime, education in 2007

South-side multiplex to add Imax theater

More restaurants are looking to south side: Eateries eye expansions in ‘underserved’ market

Interstate 69 corridor luring more distribution buildings: Unlike busy Plainfield market, where projects are huge, Fishers, Noblesville attracting smaller warehouses

Commentary Noblesville gets traction under mayor:

Carmel to get $30M Renaissance hotel

Competition drives hospital chief: Lennen labors to grow hospital, county to stay ahead of Indianapolis peers

Local manufacturer tops in laundry coin machines

EYE ON THE PIE: Indiana: the land of convenience