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Mass Ave condos in the works: High-end, 10-story project in trendy cultural district has 46 units, retail space

June 5, 2006

Log one more entry into the crowded field of downtown condo projects. But developers of a 10-story development at Massachusetts Avenue and New York Street think its location and amenities will reel in high-end buyers. The condos, dubbed Three Mass Ave, will be developed by a three-way partnership of Halakar Properties Inc., Pillar Investments LLC and architect Wayne Schmidt. “We want to make sure that this is a classy building that fits in with the historic nature of Mass Ave…

Conrad high-rise condos sell fast: Only 4 of 15 residences left; biz leaders among buyers

May 29, 2006

Eli Lilly and Co. President John Lechleiter is among the wealthy buyers who have snapped up all but four of the 15 private residences perched atop the Conrad Hotel downtown. Lechleiter will be on the 23rd floor, one level from the top. Pete Piazza, president of Piazza Produce Inc., will be on the 22nd. And insuranceindustry executive Jack Mead will be on the 21st. The 15 residences fill the top six floors of the new $100 million tower. They start…

VOICES FROM THE INDUSTRY: Association health plans are destined for failure

May 29, 2006

As the cost of health care rises, legislators in Washington, D.C., look for ways to make health care insurance more affordable for everyone. The Indiana State Association of Health Underwriters applauds the efforts of legislators to accomplish this. But the attempt to accomplish this through Association Health Plans, while commendable, ignores history and fails to address the underlying issue-the rising cost of health care. The idea of AHPs has gained in popularity in Washington on the belief that large groups…

Illinois Building in danger?: Preservationists fear for landmark’s future; owner mum on its fate

May 22, 2006

After sitting vacant for at least three years, the Illinois Building at the southeast corner of Market and Illinois streets is gaining attention as one historic preservation group tries to forestall any plans that might include tearing it down. The Historic Landmarks Foundation of Indiana added the building to its “10 Most Endangered” landmarks list earlier this year. The group said it’s ringing the alarm bells due in part to what Landmarks employees are hearing. “We have heard from a…

VOICES FROM THE INDUSTRY: Life cycle costing process looks beyond initial price

May 22, 2006

The clients of most large contractors are typically as varied as the buildings they have us construct. Some buyers of construction are satisfied if they can simply get a building erected as quickly as possible at the lowest possible costs and are willing to make compromises in quality and workmanship. More sophisticated buyers are increasingly turning to a process called life cycle costing, or LLC. This process takes into consideration not only the initial price, but also the cost of…

EYE ON THE PIE: Beware cost increases you can’t see

May 22, 2006

There I was at the grocery store engaged in economic research. I found a plasticwrapped pack of 24 half-liter bottles of “spring water” from a famous soft drink company was $4.99, or $1.57 per gallon. The store brand for “spring water,” packaged in the same fashion, was $3.88, or $1.22 per gallon. A 24-pack of regular or diet 12-ounce soft drinks from the same famous company was selling for $6.49, or $2.97 per gallon. That’s just about the price of…

Tower erector rises from ruin: Once bankrupt, water tank firm grows into industry giant, acquires competitor

May 22, 2006

From the ashes of bankruptcy in 1986, an Avon-based firm has ascended to the top of an industry that might seem old-fashioned: building and maintaining water towers. But the owners of Phoenix Fabricators and Erectors Inc. say new demand for their product, driven by factors as diverse as aesthetics and alternative fuels, promises to boost the firm’s $80 million in annual sales as Phoenix grows from within and through acquisitions. Phoenix this month acquired Sebree, Ky.-based Pittsburgh Tank and Tower…

Pepper, others commended for their safety programs: Area contractors turn to technology to track job-site performance

May 22, 2006

Hand-held computer devices are becoming as common as hardhats and heavy equipment on the job sites of Pepper Construction Company of Indiana Inc. The Chicago-based contractor’s Indianapolis location began using the hightech gadgetry about 18 months ago to track job-site safety and tie the results to bonus amounts awarded to supervisors. While the company has tracked safety performance for years via written reports, the new system lets everyone from executives to subcontractors view the information almost immediately after it’s loaded…

BRIAN WILLIAMS Commentary: Should we invest in ethanol or education?

May 8, 2006

During times of high gasoline prices, the investment made by the Daniels administration in six ethanol plants would seem prudent. The touted benefits of ethanol plants are that they create jobs in rural communities, support Indiana corn growers, improve air quality, and lower dependence on foreign oil. As an Indianapolis resident with little exposure to our farm economy, my first question was, “How do you make ethanol?” Ethanol is made by fermenting and distilling simple sugars like those found in…

PROFILE JENNIFER MCKINNEYSEET: Zoo manager sees the ‘bigger picture’Broken sewers, power outages just part of the job

May 8, 2006

PROFILE JENNIFER MCKINNEYSEET Zoo manager sees the ‘bigger picture’Broken sewers, power outages just part of the job Some people joke that their office is a zoo. When Jennifer McKinney-Seet says that, she isn’t kidding. As special events manager for the Indianapolis Zoo-a position she has held since 1999-McKinney-Seet oversees nearly 40 events a year, including the successful black-tie fund raiser Zoobilation. But it was her first special event at age 5-a neighborhood talent show that she helped organize-that stuck with…

First-class parking: Airport freebie list includes former politicians, other VIPs

May 1, 2006

Scott Jones could probably afford to buy the 1,800-space parking garage at Indianapolis International Airport, as one who’s earned millions of dollars in patent income from voice mail technology he invented. But why buy the garage? The Indianapolis multimillionaire shows up on a list of nearly 400 politicians and other VIPs entitled to free parking at the airport, a review of airport records shows. Begun as a courtesy to a handful of elected officials decades ago, the free parking list…

Cleveland tech firm going west: Parker Hannifin falls short of employment promises, plans to leave Intech Park

May 1, 2006

A Cleveland-based technology giant plans to move its Intech Park operation next month, leaving behind some attractive office space and a broken promise to create jobs. Parker Hannifin Corp. will consolidate its Indianapolis location into a California site, spokesman Jim Cartwright said. It should empty its 30,700-square-foot offices in the park’s Intech 10 building by the end of June. The move will have no impact on Parker Hannifin’s Tell City production facility, which employs about 100 people who make industrial…

Stadium off diversity mark: Some minority, female contractors say they’re being left out

May 1, 2006

Black businessman Lorenzo Gibson is optimistic that AFI Manufacturing Group will still get a chance to participate in the construction of the $950 million Lucas Oil Stadium and Indiana Convention Center expansion. But like Indianapolis Colts reserve quarterback Jim Sorgi, the owner of the Kokomobased metal fabricator has spent most of his time observing from the sidelines. “To watch a project of this magnitude go right by us is very disappointing,” Gibson said. “It’s very disheartening because you have companies…

Medical office boom to hit intersection on south side: Developers race to scoop up acreage in area, enticed by proximity to hospitals, Interstate 65

May 1, 2006

A south-side intersection that didn’t even have a connection to nearby Interstate 65 a few years ago soon will become saturated with medical offices and a long-term, acute-care hospital. Greenwood developer Allen Commercial Group has plans to build four medical office buildings near the intersection of Emerson Avenue and County Line Road, less than a mile south of St. Francis Hospital-Indianapolis. Some of that work has begun. In addition, Indianapolis-based Lauth Property Group Inc. is planning two more office buildings…

Alien hirers rarely busted: Law doesn’t force employers to verify that workers are legal

April 24, 2006

Despite a high-profile raid against IFCO Systems on April 19, Indianapolis employers have little to fear in hiring undocumented aliens or those who present questionable identification. Rarely do immigration cops bust an Indianapolis-area workplace. Until federal agents led away about 40 allegedly undocumented Mexicans and Guatemalans at the south-side pallet plant this month, the last high-profile raid was more than a decade ago. In 1995, customs officials raided the former Simpson Race Products shoe factory in Speedway, nabbing 66 illegal…

Longtime developer undergoes changes: Shopping centers prove fruitful for Zinkan & Barker

April 24, 2006

Stephen Zinkan is one persistent fellow. The veteran real estate developer began knocking on the door of Cincinnati-based The Kroger Co. in the early 1990s, in an attempt to build his firm’s portfolio. He and Kelly Flynn had founded Flynn & Zinkan Realty Co. in the early 1980s and carved a niche developing groceryanchored shopping centers. Amid the rejections, Zinkan, 56, implored Kroger to give him its toughest assignment. The corporation relented and handed him property at 71st Street and…

NASCAR a big deal for IRST: Role as security products provider could be worth $100M

April 24, 2006

Ingersoll Rand Security Technologies has been named NASCAR’s first official provider of security products, a deal that could mean substantial growth for the company’s Carmel headquarters and an Indianapolis manufacturing plant, which together already employ 900. IRST is a division of Bermuda-based behemoth Ingersoll-Rand Co., which is better known for agricultural, construction and transportation equipment sold under names such as Bobcat and Thermo King. The link with the racing circuit is expected to drive home the point that Ingersoll-Rand is…

BEHIND THE NEWS: Just before sentencing, failed exec judged incompetent

April 24, 2006

Angry investors in James T. O’Neal Jr.’s failed auto mall company have waited nearly a decade for the Carmel native to get his comeuppance. They thought that day would come this spring, at his sentencing on two felony charges stemming from what investigators say was a scheme to swindle the rich and famous in Indianapolis and central Florida out of millions of dollars. But now a psychiatrist has concluded that “O’Neal is suffering from a mental disease rendering him unable…

Real estate club members gain industry knowledge: Indiana University organization enjoys growth spurt

April 24, 2006

As the new headquarters building for Simon Property Group Inc. was going up downtown last fall, a group of Indiana University students donned hard hats and toured the 13-story building. After riding the construction elevator to the top floor, students got a bird’s-eye view of the city and a firsthand account from the developers about the building’s cost, size and challenges in constructing it. The students were members of the IU Real Estate Club, and the tour of the 350,000-square-foot…

Real estate experts examine the market: Indianapolis in good shape overall, panelists say, but job growth, incentive issues, among concerns

April 24, 2006

On April 14, as part of its Power Breakfast Series, the Indianapolis Business Journal gathered a panel of commercial real estate and construction experts to discuss industry conditions in the local market. In a discussion moderated by IBJ Editor Tom Harton, panelists took on a wide range of issues, including tax incentives and the status of downtown’s residential and retail markets. Power Breakfast guests were Mike Curless, executive vice president and principal with Lauth Property Group; Mike Wells, president of…

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12,084 results for 'construct'

People

Kyle Abram

Articles

Mass Ave condos in the works: High-end, 10-story project in trendy cultural district has 46 units, retail space

Conrad high-rise condos sell fast: Only 4 of 15 residences left; biz leaders among buyers

VOICES FROM THE INDUSTRY: Association health plans are destined for failure

Illinois Building in danger?: Preservationists fear for landmark’s future; owner mum on its fate

VOICES FROM THE INDUSTRY: Life cycle costing process looks beyond initial price

EYE ON THE PIE: Beware cost increases you can’t see

Tower erector rises from ruin: Once bankrupt, water tank firm grows into industry giant, acquires competitor

Pepper, others commended for their safety programs: Area contractors turn to technology to track job-site performance

BRIAN WILLIAMS Commentary: Should we invest in ethanol or education?

PROFILE JENNIFER MCKINNEYSEET: Zoo manager sees the ‘bigger picture’Broken sewers, power outages just part of the job

First-class parking: Airport freebie list includes former politicians, other VIPs

Cleveland tech firm going west: Parker Hannifin falls short of employment promises, plans to leave Intech Park

Stadium off diversity mark: Some minority, female contractors say they’re being left out

Medical office boom to hit intersection on south side: Developers race to scoop up acreage in area, enticed by proximity to hospitals, Interstate 65

Alien hirers rarely busted: Law doesn’t force employers to verify that workers are legal

Longtime developer undergoes changes: Shopping centers prove fruitful for Zinkan & Barker

NASCAR a big deal for IRST: Role as security products provider could be worth $100M

BEHIND THE NEWS: Just before sentencing, failed exec judged incompetent

Real estate club members gain industry knowledge: Indiana University organization enjoys growth spurt

Real estate experts examine the market: Indianapolis in good shape overall, panelists say, but job growth, incentive issues, among concerns