Renaissance Bay & SpongeBob
A huge condo project along Keystone Avenue at 78th Street is coming out of the ground fast, and the developers now are offering tours to potential buyers. The $150-million…
Real Estate
Articles
Buzzkill: IHPC kills giant keg signs
Someone must’ve been drinking when they came up with this: A proposal submitted to the Indianapolis Historic Preservation Commission last month called for three 10-foot-tall, protruding kegs with taps facing the…
HotBox launching franchise effort
Locally based HotBox Pizza plans to introduce its pies to a nationwide audience. The pizza chain won regulatory approval last week to begin selling franchises in Indiana, Michigan and Texas. The chain is…
BREAKING: Premier’s White charged with 3 felonies
The Marion County Prosecutor’s Office on
Monday filed three felony charges against Christopher P. White, the founder of bankrupt development firm Premier Properties
USA Inc.
VOICES FROM THE INDUSTRY: Logistics still driving central Indiana industrial market
For the past 10-plus years, central Indiana has benefitted from growth in the distribution/logistics industry with hundreds of new jobs and millions of square feet of new facilities. We’ve seen massive facilities go up one right after another, often topping the square footage of our tallest downtown skyscrapers. In the past eight years alone, the square footage of central Indiana distribution centers has more than doubled from 20 million square feet to 51 million square feet. And we’re not just…
Three failed businesses sink former Carson foe Dickerson
Former car dealer and congressional candidate Eric Dickerson has filed for personal bankruptcy after three failed businesses
left him saddled with more than $1 million in debt. Dickerson says he is virtually broke save for a $101,000 inheritance he
is set to receive from the estate of his late mother.
First Dunkin impressions
The downtown Dunkin looks like it’ll be ready before the June 26 target opening date. Workers are installing the signs today, so I thought I’d post this photo by our own Robin Jerstad. Thoughts on the new look?
Rink-Savoy, Fresh Market & more
Rink-Savoy honored
A $7.4-million renovation of the Rink-Savoy apartment building downtown (shown here) has won first place in a competition that honors the best in developments that utilize low income housing tax…
Trustee working to determine Premier assets
A bankruptcy trustee is planning an auction of Premier Properties USA Inc.’s
remaining office furniture while struggling to get a handle on what other assets remain for the defunct developer.
It’s hot, and Villagio needs a pool
The developers of downtown’s Villagio at Page Pointe are hoping city officials will waive development standards so condo owners can cool off in a new pool next door to…
Rebirth for Ambassador?
Two local developers have submitted bids to redevelop the Ambassador apartments adjacent to the Central Library. Van Rooy and Buckingham both proposed mixed uses for the Ambassador building, with street-level retail and commercial…
INVESTING: Betting against the crowd is a good way to invest
It’s time for a gut check on sentiment. In the stock market, sentiment is a contrary indicator, meaning that if everyone thinks the same thing (such as oil is going to $200 a barrel soon), your safer bet is to go the other way. Wall Street history is loaded with juicy examples of this theory at work. One of my favorites is Time magazine’s making Jeff Bezos, the CEO of Amazon, Man of the Year in 1999, right before the…
Developers vie for property by Central Library
Two high-profile property developers are squaring off for the rights to transform a six-story apartment complex adjacent to
the Central Library downtown. Van Rooy Properties and Buckingham Cos. both submitted proposals to redevelop the Ambassador
apartments at 39 E. Ninth St., just north of the library.
Business leaders battle over real estate left behind by Payton Wells
The Malibus and Impalas disappeared from Payton Wells Chevrolet more than 18 months ago, but the controversy over the defunct
dealership at 1510 N. Meridian St. is far from being in the rearview mirror for some of the city’s top businesspeople and
developers. A court battle over the dealership’s properties could determine when and how the roughly six acres of prime land
are redeveloped.
Board eyes building near Lucas Oil
The Capital Improvement Board likely will buy one-story building across the street from the new Lucas Oil Stadium. The board has an option to purchase the Easterday property, which it has been…
IMA nature park takes shape
Check out this new rendering of the visitor center for the $25 million Virginia B. Fairbank’s Art & Nature Park at the Indianapolis Museum of Art. Check out more images and…
Update: Monon Place approved
The Metropolitan Development Commission approved a $15-million Broad Ripple redevelopment project by a 9-0 vote this afternoon, disagreeing with a handful of vocal remonstrators. In siding with the developer,…
Also noted:Indiana’s lone Sharper Image store at the Fashion Mall at Keystone will close for good in the next few weeks. The bankrupt electronics chain is closing all 86 stores. But if you plan on shopping, take note: Sharper Image…
Fun with tax abatements
A couple of development projects that would include tax abatements are up for hearings Wednesday at the Metropolitan Development Commission:
Community Hospital of Indiana Inc. plans to spend $3.7 million updating and expanding…
Rolling the dice in Indiana
A new electronic casino opens for business at Hoosier Park in Anderson today, and another at Indiana Downs in Shelbyville is set to open next week. The…