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Terminal move might spur land rush: Midfield project to free choice real estate

January 24, 2005

Overshadowed by the $974 million midfield terminal project is a potential economic development bonanza: the reuse of the existing terminal and surrounding land at Indianapolis International Airport. More than 120 acres along Interstate 465 that today hold parked cars might someday house hotels, shipping operations or even a light-rail station after the midfield terminal opens in about three years. Another 54 acres representing the terminal and its immediate surroundings will be available for aviation uses from air freight to corporate…

Making room for art: Renovated northeast-side factory to target artist tenants

January 31, 2005

An Indianapolis native with an interest in troubled real estate has set his sights on creating an arts center in a former factory in the Martindale-Brightwood neighborhood. Investor Robby Richards has purchased the former Atlas Engine Works at 2045 Andrew J. Brown Ave. and is in the process of cleaning it up to lease to artists and others interested in the space. Richards hasn’t formally marketed the space and only recently hooked up with a broker, but he said word…

Villaggio condos aim high: Proposed eight-story project targets downtown’s SE side

February 28, 2005

A developer with deep roots in the Fletcher Place neighborhood is setting its sights on an ambitious eight-story condominium project on the southeast side of downtown. Villaggio at Page Pointe calls for 65 condos ranging in size from 1,600 square feet to 4,300 square feet. Most units will sell for $265,000 to $530,000, with three penthouse units listed for more than $900,000. The first floor of the building will house about 20,000 square feet of retail space. A parking garage…

Experts see improving market: Higher occupancy rates, more construction projects mean good news for landlords, developers

April 25, 2005

IBJ: Is your sector of the construction or real estate industry better or worse off than a year ago and why? BURK: Overall, I think the Indianapolis office market is better off than it was a year ago. The occupancy rate for the 29-million-plus square feet of multitenant office properties in the market increased by about 2 percent last year, to 82.5 percent. There was positive net absorption of about 600,000 square feet, most of which occurred in the suburbs….

TOM HARTON Commentary: The twins that hold us back

May 23, 2005

Stubbornness and stupidity are twins. I’ve remembered that notion from Sophocles ever since a high school friend said it to a teacher as they argued about the way she’d scored his test. He lost that fight, but went on to become a successful lawyer. I don’t know what happened to the teacher, but I’m reminded of the phrase as I observe the decisions made by our elected representatives. Two examples come to mind, one recent and the other long ago….

City’s cultural districts take artful approach: Five areas use $250,000 in grants on original public art projects

February 13, 2006

Two wall-size murals now welcome people to Massachusetts Avenue. An abstract sculpture that looks like an Alexander Calder tribute sits on a bridge in the Canal District. A towering blue and green obelisk marks the north end of Broad Ripple on College Avenue. The works aren’t part of an elaborate conspiracy by a renegade public artist. They’re the result of two years of careful planning by the city’s Cultural Development Commission. In 2003, the commission designated five areas of the…

BEHIND THE NEWS: Bank plays the ‘local’ card, but will it succumb to sale?

March 6, 2006

An in-your-face ad campaign that First Indiana Corp. rolled out last month highlights the Indianapolisbased bank’s local roots and leaves the distinct impression it won’t be accepting a buyout offer anytime soon. Rhetoric or reality? Time will tell. “If you run an Indiana business, you need an Indiana bank,” reads one of the ads. It continues: “Remember when your local bank was actually local?” First Indiana executives and directors are savoring the sale of Union Federal Bank, which leaves First…

Fountain Square district shoring up its Corners: Group turns old buildings into residential/work spaces

August 14, 2006

If State and English avenues in the Fountain Square district were on a Monopoly board, they would probably be the ones available immediately after passing “Go.” But after the Southeast Neighborhood Development Inc. is finished there, the intersection will move several spaces closer to Park Place. The not-for-profit is investing $1 million to renovate three dilapidated buildings it bought to convert them to residential/work spaces as part of its Fountain Square Corners development. A local photographer who will live in…

TOM HARTON Commentary: Tying up some local loose ends

January 1, 2007

Maybe you’ve already heard. Mickey Maurer’s column will return to this space in a few weeks. After two years serving as Gov. Mitch Daniels’ go-to economic development guy, Mickey should have plenty of stories to tell. And Associate Editor Tawn Parent and I, as his trusty substitute columnists, should have a bit more time to devote to our behind-the-scenes work at IBJ. I’m closing out my brief columnwriting career by addressing a handful of topics-some of them new, some of…

Columbia Club faces membership, financial issues

January 15, 2007

The Columbia Club, the tradition-rich enclave where the city’s business elite have gathered and cut deals for more than a
century, is facing declining membership, the departure of its longtime general manager, and looming financial challenges–including
a $5.5 million loan that comes due this summer.

Local sign makers enjoy brisk business thanks to bank mergers

January 15, 2007

Bank mergers have proven lucrative for local sign companies over the years. A string of mergers in the late 1980s and early
1990s wiped out the city’s three big national banks–American Fletcher, Merchants National and Indiana National. In the years
since, the industry has continued to consolidate, spawning a flurry of additional name changes.

Condo project sparks interest in Fletcher Place: Property values rising as Villaggio takes shape

February 19, 2007

Revitalization efforts had been plodding along for years in the triangleshaped historic neighborhood known as Fletcher Place. The slower pace of development gave the neighborhood just southeast of downtown a lower profile than places like Chatham Arch and Lockerbie Square. But Fletcher Place is under the radar no more, thanks to a massive eight-story condo project known as Villaggio at Page Pointe. The 64-unit building-now the neighborhood’s tallest structure-looks like it could be in Florida, except its panoramic views capitalize…

Zimmerman negotiating Gregg advertising account

April 23, 2007

Hhgregg Inc. has committed to negotiating a contract with Zimmerman Advertising of Fort Lauderdale, Fla., to take over one of Indiana’s largest advertising accounts, the Indianapolis company said today. The agency that handled the account for 24 years, Pearson McMahon Fletcher England in Indianapolis, decided earlier this year to not pursue the contract. Gregg said […]

Loss of Gregg account wallops Pearson McMahon.

April 26, 2007

About 15 of the 44 employees at Pearson McMahon Fletcher England will lose jobs by the end of June due to a decision by the Indianapolis advertising firm not to pursue a renewal of its long-time HH Gregg account. Included in the 15 are Executive Vice President Larry Fletcher and Chief Financial Officer Terri Brown, […]

Loss of $20M HHGregg account leads to big cuts at Pearson

May 7, 2007

Hhgregg’s decision to take its $20-million-plus advertising account out of state is sending shock waves through the local
creative community. The Indianapolis-based electronics and appliance retailer’s longtime agency of record, Pearson McMahon
Fletcher England, will lose a third of its staff as a result, including three of five active partners.

Huntington consolidates downtown office space: Bank leaving Capital Center after merger with Sky

July 16, 2007

Huntington Bancshares is giving up its local headquarters in Capital Center downtown now that it has completed its $3.6 billion purchase of Sky Financial Group. The 100 employees based at Capital Center, 201 N. Illinois St., will move to a Sky-owned office building at 45 N. Pennsylvania St. Sky bought the building last year as part of its $321 million purchase of locally based Union Federal Savings Bank. Bowling Green, Ohio-based Sky announced it was being purchased by Columbus, Ohio-based…

PROFILE THERESIA WHITFIELD: Changing direction after life-altering crisis Former CNN producer follows path to healing, new career after overcoming post-traumatic stress

August 13, 2007

Whitfield, owner of Indianapolis-based Fletcher Communications Inc., was a freelance television news producer working for CNN, Reuters News and the Christian Broadcasting Network’s news division in Washington, D.C., when American Airlines Flight 77 crashed into the Pentagon. Four years later, Whitfield crashed emotionally and was hospitalized suffering from posttraumatic stress disorder. The daughter of a retired Army officer, Whitfield, 39, had moved many times as a child before settling in Columbia, S.C. She graduated from high school in 1986, but…

Players benched for new Pacers ads

October 8, 2007

The Indiana Pacers recently rolled out a marketing initiative that was in sharp contrast to last year’s campaign, which prominently
featured players and proclaimed, “It’s up to us.” This year’s new television, radio and print advertisements appear with not
a whisper from or mention of anyone actually wearing the blue and gold.

Publicis signs another sports-related deal

October 16, 2007

Ad agency Publicis Indianapolis is suddenly scoring with sports. Though it was not known for sports marketing before this year, Publicis’ local office has nabbed two high-profile sports clients in recent months, with the Indiana Fever announcing yesterday they have struck an agency-of-record deal with the firm. Earlier this year, Publicis replaced Pearson Partners-formerly Pearson […]

Turf war unfolds in Babe Denny neighborhood

November 5, 2007

A long-neglected neighborhood south of downtown called Babe Denny suddenly is in the spotlight, attracting attention from
city planners, code enforcers, land speculators and a politically connected attorney.

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Daniel Cruse