Tower’s new look taking shape
The first of the new glass panels are up on One Indiana Square. What do you think so far? The transformation of the 36-story tower built in 1970 is expected to take…
Real Estate
Articles
A grand entrance for the JW
Someone asked a while back what the JW Marriott convention hotel will look like along West Street. I had a chance today to ask Mike Wells of developer REI Investments. He said…
Vision takes shape for Canal ‘bridge’
Kansas-based LodgeWorks LP continues to refine its proposal for a hotel project that would include a bridge over the Central Canal. The proposal, designed by Chicago-based ASC Architects, calls for:
A four-story bridge…
New renderings of Lucas Oil Stadium
The state has released new renderings of Lucas Oil Stadium that more accurately reflect the brown brick color. What do you think?
St. Francis gears up for expansion
Construction is set to begin soon on a 417,000-square-foot addition to the Indianapolis campus of St. Francis Hospital (Beech Grove campus is shown here). The $200-million project is slated for completion…
CHRIS KATTERJOHN Commentary: IBJ’s Enterprise Award hits 25
Giving out awards can be a tricky business. To wit, news broke Aug. 13 that CEO Peter Dunn has left Steak n Shake, a company we honored in 2005 with our annual Enterprise Award. A good chunk of the credit in our article profiling the company two years ago was directed at Dunn, an MBA and food-industry veteran who had energized the company with a philosophy that was producing results. Now he’s gone. Do his departure and a decline in…
Noble Roman’s rebuilds empire through franchising
Noble Roman’s Inc. stock this year has been rising nearly as fast as its pizza dough, defying skeptics who’d written off the
long-ailing Indianapolis company. With a new business strategy built on franchising and dual-branded restaurants, Noble Roman’s
has seen quarter-to-quarter earnings increase for more than two years.
Steak n Shake expects ‘rebuilding year’
Steak n Shake Co. CEO Peter M. Dunn analyzed and measured just about everything at the restaurant chain, from drive-through
times to employee turnover. All that research and testing was welcome when the company was thriving a few years ago. But the
lack of evidence that all the analysis was paying off eroded Wall Street’s confidence in Dunn.
Will Indy get an IKEA?
That’s a popular question around here. Has been for years. The city is not currently in discussions with the Swedish home furnishings giant, said Jim Garrard, Indy’s economic development director. But it was…
Eastgate Mall is up for sale, again
The owners of the eyesore formerly known as Eastgate Consumer Mall have put the property back on the market at an asking price of $3.5 million. Dallas-based JTL Capital LLC received…
Scotty’s looking downtown
Scotty’s Brewhouse, the Indiana college town institution, is working on plans for new restaurants in downtown Indianapolis, Chicago and Charlotte, N.C. The restaurant would like to locate at Pan Am Plaza, said…
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…
Music Center off the market
Noblesville’s Verizon Wireless Music Center is no longer for sale and will host a full lineup of shows in 2008, the facility’s general manager, Steve Finkel,…
Retail Roundup: Of bars and banks
Whether you’re looking to save your money or spend it on booze, these nuggets might be of interest: D’Vine A Wine Bar plans to open next Tuesday in its new location along East 82nd Street. The wine bar is taking…
Scotty’s eyes downtown
Scotty Wise, the president
also is working on deals for new restaurants in Old Town Chicago and at EpiCentre, a mixed-use project in downtown Charlotte, N.C.
Indy fitness craze continues
With so many new fitness chains entering the central Indiana market, will Hoosier become synonymous with svelte? The latest additions: A Minnesota fitness chain has plans for new locations in Avon, Brownsburg, Carmel,…
On a slow Monday, a trip back
Almost 50 years ago, before the City-County Building or Interstate 65, city leaders and planners designed a master plan for the Central Business District. The 42-page document provides some fascinating…
Still under construction
A new headquarters for Gresk & Singleton Law Firm and Gresk Realty has been “coming soon” northwest of Delaware and 10th streets for the better part of two years. What…
Busy Lauth develops into national power: Hoosier entrepreneurs fuel growth at real estate firm
Before they had fancy suits or fast cars, the four owners of Lauth Property Group were resourceful teen-agers, busy finding ways to make money. Chairman Bob Lauth, President Michael Curless and CEO Greg Gurnik each started neighborhood lawn-care businesses. The company’s treasurer and chief accounting officer, Larry Palmer, hawked programs at the Indianapolis Motor Speedway. At the time, their hard work and entrepreneurial instincts helped scrounge up date money. In the last few years, it’s helped them turn Indianapolis-based Lauth…
VOICES FROM THE INDUSTRY: So, you really want to be a real estate developer …
Real estate developers have a secret: We’re not evil. OK … we’re not all evil This runs contrary to the perception that some people seem determined to promote. They opine that “good development” is an oxymoron. Development is a humbling business. It turns out that a lot of people know a lot more about the right way to do development than we do, and they’re not shy about letting us and everyone else know this, in public meetings, private conversations,…