Restaurant rumblings: Brazilian
At least two more Brazilian steakhouse concepts are looking to open new restaurants in Indianapolis, brokers say. The first to debut locally, Brazilian Grill, opened a few months ago at 86th Street…
Real Estate
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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…
Nightclub eyes Union Station
The city has reached a preliminary agreement to lease 12,600 square feet in the basement of Union Station for a new restaurant and nightclub. The lease is with The Arantee Group, one…
Bush Stadium’s uncertain future
What should be done with Beautiful Bush Stadium? The city has ordered appraisals of the historic ballpark as a first step toward eventual reuse or demolition. The Indianapolis Indians played in the…
City paves way to redevelop Bush Stadium site
Indianapolis has initiated the redevelopment process for Bush Stadium, its shuttered sports landmark. The Metropolitan Development
Commission has hired a pair of local firms for $25,000 to appraise historic Bush Stadium–a first step toward reuse or, more
likely, at least partial demolition.
Heart or head?: Intellect, emotions play role in most biz-location decisions
Ithe process of f n theory, retail, office or industrial location as should putting be as rational and unemotional reality, emotions together a spreadsheet. But in as hard data. can carry just as much weight “People use very sophisticated uildings processes , but in and evaluations to compare b ,” s as much of an art as a science the end, it’ . Smith, CEO eteran Samuel F said industry v Commercial of Indianapolis-based Resource aspect of it Real Estate…
MCL spending $1M to freshen its image
After 12 months of market research, MCL cafeterias discovered younger folks and families aren’t familiar with the taste of
the Mayfield’s Value Plate or the Noon Special. So the company has launched a $1 million campaign to reposition its brand.
Township wrestles with incorporation: As Greenwood, Bargersville annex commercial corridors, rest of township declines
White River Township in northwest Johnson County is dotted with an increasing number of high-priced homes and anchored by one of the area’s strongest school districts. But the area, known as Center Grove, also is marked by crumbling roads, poor drainage and an anemic parks system. To preserve its strengths and shore up its growing weaknesses, some in the area think White River Township needs to incorporate into its own city. The township of more than 40,000 residents faces the…
An English Avenue opportunity?
A not-for-profit neighborhood revitalization group has slashed the prices on three remodeled live/work buildings at English and State avenues. The brick buildings near Fountain Square have undergone various levels of renovation by…
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…
Updated Gibson Building unveiled
Mayor Bart Peterson and OneAmerica executives cut the ribbon on the renovated Gibson Building this morning. Work on the 1916 building (originally a car manufacturing facility) began in April 2006 and cost…
What ever happened?
Following up on a few old posts:
No Canterbury Sale Yet. Canterbury Hotel owner Donald Fortunato said he’s getting close to a sale of the 12-story hotel, but the deal is not done….
Tower getting a new sign
Don’t be alarmed to see workers removing the massive OneAmerica sign from atop the 38-story OneAmerica Tower in the next few days. The company plans to replace the sign with one…
Young developer, towering dream
The odds are long, but Jaron Garrett isn’t giving up on an ambitious plan to replace several blighted buildings along Washington Street with a twisting glass-and-steel apartment tower. The 25-story project…
24-year-old developer tackles $30M deal
Jaron Garrett hasn’t developed anything like the 25-story tower he’s proposing. And he doesn’t come close to having the financial
muscle to pull off the $30 million project on his own. But Garrett is determined to sell his vision of transforming a downtown
eyesore at Washington and Pennsylvania streets into a twisting glass-and-steel apartment tower.
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…
Dome demolition: Implode or no?
In the spirit of today’s Colts festivities, there’s an update this week on the new stadium and discussions about the old one. In a progress report, the Indiana Stadium and Convention Building…
Lockerbie Park phase 2 on hold
The foundations and garage slabs are in place for the next phase of Lockerbie Park, but construction is on hold for now. The project at College and Michigan streets has not sold…
Farewell, mediocre pizza buffet
At the top of a lunch-time retail roundup: Downtown’s Bearno’s Pizza has closed and will be replaced by Flagstar Bank. A sign on the door says to look for Bearno’s elsewhere in…
Another delay for MSA
Hopes for a quick decision on who will redevelop the Market Square Arena site are quickly fading. City officials had promised a decision by July at the latest, but the political climate…