Articles

Fleeing the … suburbs?

August Mack Environmental said today it will move its corporate headquarters from Castleton to downtown’s Lexington at Meridian. The Indianapolis-based environmental consulting company plans to take 16,200 square feet in the former home…

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Mass Ave building for sale

The Massala Building on Massachusetts Avenue has been listed for sale. The 36,000-square-foot building is home to MacNivens Restaurant & Bar and is next door to the site of 3 Mass, a…

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Post-fire restoration underway

In the discussion about Jaron Garrett’s plans for Washington and Pennsylvania streets, someone asked about 38 E. Washington St. The building burned earlier this year, and now is being…

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Better know a developer: Lauth

Locally based Lauth had a big week. They announced plans for a 7.1-million-square-foot distribution park on 555 acres at Interstate 70 and State Road 39 near Plainfield. But lately the company…

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Wedding Cake, Anyone?

One of Indy’s most unique houses is up for sale, with an asking price of $449,900. The Wedding Cake House, built in 1873, has been home to the central regional office…

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Pan Am sale called off

A Texas company has terminated its contract to buy Pan Am Plaza because of turmoil in the credit markets. Principle Equity Management had hoped to build a $50 million restaurant and…

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Feds cancel deal for FBI headquarters

The federal government has canceled a contract with a Missouri developer chosen to build a new FBI field office in Castleton. The U.S. General Services Administration awarded the $38-million contract to Kansas City-based…

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New Pan Am owner has retail plans

A Houston firm has agreed to buy Pan Am Plaza’s office building, skating rinks and the plaza itself. The company, Principle Equity Management, is planning a low-rise, restaurant-anchored development that would…

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A racy redesign

Check out the new look for the former Junior Achievement building at 21 Virginia Ave. The office building is getting a new name, 500 Festival Building, along with a renovation in…

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KIB getting new headquarters

Keep Indianapolis Beautiful is planning to renovate a vacant industrial building in Fountain Square to serve as its new headquarters. The not-for-profit will seek LEED certification for the 25,000-square-foot building…

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500 Festival moving downtown

The nonprofit volunteer organization that puts on the 500 Festival Parade and other events is moving its headquarters to an office building downtown. 500 Festival plans to move its operations to 21…

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Office market musical chairs

The Indiana Supreme Court, Court of Appeals and Tax Court have signed a letter of intent to move their offices to space formerly occupied by Eli Lilly & Co. at 30 S. Meridian. They’re leaving National City Center. The courts…

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Mann pitching new projects

Locally based Mann Properties is pitching retailers in Las Vegas this week on a couple of mixed-use developments slated for the north side: A project with 132 townhomes and a retail strip called Creekside Shoppes would be built along 86th…

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Historic roller rink for sale

The former Rollerland skating rink, which also once served as a car dealership, is up for sale. The 1928 building at 922 N. Pennsylvania St. is part of a block of four properties owned by Master Glass & Color Inc….

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Your turn: FBI project perplexes

The real estate community has been buzzing of late about the intrigue surrounding a new FBI field office planned for Castleton. What do you think? As IBJ reported, the U.S. General Services Administration awarded the $38-million project to a Missouri-based…

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Office Space, anyone?

There’s plenty available. New numbers from Colliers Turley Martin Tucker show office vacancy rates all over the city rose in the first quarter of 2007. Downtown’s vacancy rate took a beating again, rising…

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