Dunkin may replace Panda
A shakeup continues for street-level retail on Washington Street downtown. Panda Express plans to close its store in the former Roselyn Bakery at Washington and Pennsylvania streets, and a deal is…
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Norm’s blog entry
Developer Rivalry: Locally based developers Duke and Lauth, headquartered on opposite sides of I-465 just east of Meridian Street, have cultivated quite a rivalry over the years. The latest win goes to Lauth. The company won a side-bet in a…
Furs, golf, fitness and Whac-A-Mole
A couple of nuggets from recent development plans:
Making Way for Venu: Another Woodfield Centre tenant is moving to make way for redevelopment. Elan Furs has filed plans to take space in Clearwater Shoppes…
A wildlife-friendly business park
Holladay Properties and the Indiana Wildlife Federation plan to dedicate the state’s first “Certified Wildlife-Friendly Development” at an event tomorrow. The 1,500-acre AmeriPlex Business Park, southwest of the Airport, won the designation by…
How much is this land worth?
State officials are challenging a $7-million assessment for a 2.3-acre parking lot sandwiched between the RCA Dome and Lucas Oil Stadium. The state has launched eminent domain proceedings, and the owner isn’t…
Sellers waiting for recovery in area housing market: Economist expects another nine months of ‘slow going’
Melinda and Brooks Bertl know the ups and downs of the current real estate market-personally. They started looking for a home to buy this spring and it took them only two weeks to find one they liked in Carmel. “I guess we knew what we wanted and found it. And the house had been on the market for some time,” said Melinda Bertl, indicating the sellers were ready to make a deal. They bought the house and moved into it….
City fights property owners over value of land by stadium
A legal fight is brewing over a 2.3-acre parking lot sandwiched between the RCA Dome and Lucas Oil Stadium. The state is seeking
to acquire the property through eminent domain and is fighting an appraisal that puts its value at $7 million. The owners,
meanwhile, contend the land is worth about twice as much.
Bank’s plans unclear after LaSalle buy: Bank of America unlikely to grow local retail biz, but lending office should stay, industry observers say
But here in Indianapolis, where LaSalle’s lone location is a downtown commercial lending office, banking observers don’t expect Bank of America retail outlets to follow. “I don’t think [Indianapolis] will be a primary focus, at least not in the near term,” said Tom Kersting, an Edward Jones analyst in St. Louis who follows the bank. “Their main purpose in making the purchase was getting the Chicago presence. That was the last major market they were lacking.” Even so, observers say…
Developer lures Whole Foods across street into Venu project
The developer of a $750 million mixed-use project called Venu has acquired a 13-acre site across the street from where another
developer had planned to build condos and a Whole Foods Market.
Whole Foods and a retractable roof
Premier Properties, the developer of Venu at 86th Street and Keystone Avenue, has acquired a 13-acre property across the street where another developer had planned to build a Whole Foods and condos. Premier…
Saxony map features upscale tenants
Is it a wish list, or are some of the nation’s top retailers eyeing the Saxony project in Hamilton County? Some big names, including Lacoste, North Face and Polo, appear on a map…
Westfield’s booming growth
The 19-square-mile, 24,000-population town of Westfield could balloon to 56 square miles and 110,000 people in the next several years. More than 11,000 new homes are in the works. And the residential rush…
restaurant
Fair warning: I don’t typically write reviews here, but in the last week I’ve visited two new restaurants that have major kinks to work out. They are Leland’s at 946 S. Meridian St., and TaTa Cuban Cafe at 137 W….
Brokerage firm buys building
A local brokerage firm that specializes in foreclosed properties is moving its headquarters from North Meridian to a 6,700-square-foot office building at 1236-1238 Pennsylvania St. Wynkoop Brokerage bought the building shown…
Deflating the Dome
Demolition crews will begin letting air out of the RCA Dome as early as next spring. Deflating and removing the Dome’s fabric roof is the first step of a five-month demolition process,…
Cultural Trail takes shape
How much will the Indianapolis Cultural Trail affect real estate downtown? What do you think of it? The $50-million bike and pedestrian path eventually will connect downtown’s five cultural districts. Funding comes…
White-collar crime has a new watchdog: Indiana securities commissioner aims to educate investors, enforce law
Madison native Chris Naylor on Oct. 5 became Indiana’s securities commissioner. He was appointed by Indiana Secretary of State Todd Rokita to succeed O. Wayne Davis, who now is a semi-retired legal consultant. Naylor, former county prosecutor in two southern Indiana counties, sat down with IBJ to talk about his goals as the state’s top securities cop. The following is an edited version of that interview. IBJ: What’s your office’s focus? NAYLOR: There are two large areas: investor protection and…
VOICES FROM THE INDUSTRY: Everybody’s busy playing the real estate blame game
There’s a game that takes place in most families with young children. You may be familiar with it. It’s easy. Mom’s cherished (insert any household item here) develops a large chip. Mom sees the chip. Mom begins the interrogation: Who did this? “Not me,” says Johnny. and Wall Street. After all, they’re the ones that loaned the money. It was too easy to get a loan, the critics say. People were buying homes and building developments with high-priced coffee shops…
‘Aggressive moves’ feed Flaherty & Collins’ growth: Local apartment developer gaining national foothold
David Flaherty and Jerry Collins left comfortable vice president gigs at a local real estate firm to strike out on their own in 1993. Roughly two years passed before the two former Revel Cos. executives received another paycheck. But the gamble eventually paid off handsomely. Indianapolis-based Flaherty & Collins Properties has become a nationwide player in apartment housing, with a staff of 412, a development pipeline of $500 million, and more than 13,500 apartment units under management. Flaherty and Collins…
Ex-Duke exec, wife tackle senior housing: Horns have nationwide plans for The Stratford Cos.
Richard and Wendy Horn have had their share of separate real estate successes. Now, they’ve combined their corporate talents as a husband-and-wife team to lead an upstart senior housing developer. Richard joined The Stratford Cos. in May 2006 as chairman and CEO, and has since moved its headquarters from St. Louis to Indianapolis’ north side in Parkwood Crossing. He is known within commercial real estate circles as a former veteran of Duke Realty Corp., where he enjoyed a two-year stint…