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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Late lunch: Dining shakeup
Here are some restaurant nuggets, along with a chance to win free food: The Jimmy Johns on Pennsylvania Street downtown has closed. The chain has another restaurant about a block away, at Meridian and Washington streets.Hoaglin Fine Catering plans to…
Update: Hotel could get “green” roof
Developers may add a “green” roof to plans unveiled yesterday for a $325-million JW Marriott hotel complex. A spokesman for the development team tells Property Lines that conversations are underway about installing the environmentally friendly feature atop part of a…
New restaurant at Dodd’s Townhouse
A group of local investors are planning a new restaurant dubbed The Meridian in the former home of Dodd’s Townhouse at 5694 N. Meridian St. Former Ruth’s Chris Executive Chef Dan…
New hotel will be city’s tallest
Downtown’s new convention headquarters hotel got a sleek new look this afternoon. The $325-million campus of hotels will include the tallest hotel in Indianapolis, a 29-story JW Marriott topped with more than…
A taller JW Marriott?
Developers plan to unveil a significantly updated set of plans this afternoon for a JW Marriott convention hotel across the street from Victory Field. For one, the 1,000-room hotel will be taller than the 22 stories originally proposed, said Jeremy…
305 condos replacing apartments
A $150-million luxury condo development known as Renaissance Bay will replace an apartment complex along Keystone Avenue at 78th Street. All that remains of The Landings apartments are massive piles of concrete…
Condo craze on Winthrop Avenue
A local developer is hoping to build another dense condo project in Broad Ripple along Winthrop Avenue. The proposal by locally based Page Development would bring 27 condos to 1.5 acres between Winthrop and the Monon Trail, just south of…
Rescue for MSA site fell short
A high-profile local firm that quietly negotiated last fall to salvage the stalled redevelopment of the Market Square Arena
site abandoned its plans when the city decided instead to solicit new proposals early this year.
Web rates get banks’ attention: Some try to compete by boosting savings yields
In an effort to lure new customers, more traditional banks are beginning to emulate their Internet adversaries and offer online savings accounts boasting much higher annual yields. Customers are increasingly turning to Internet banks because they offer highyield savings accounts that don’t require massive balances. First Internet Bank of Indiana, founded in 1998 by local tech entrepreneur David Becker as the first state-chartered Internetonly bank, has seen its assets grow to more than $530 million in less than a decade…
RETURN ON TECHNOLOGY: IT departments are often overworked and underfunded
Why do trucking companies overload their trucks, when they know they’ll damage the very highways they need for their livelihoods? Why do people keep defiantly watering their lawns in d r o u g h t – s t r i c ke n areas? Why do we buy cheap goods from discount retailers when we know they were made in sweatshops? And why do employees download streaming audio and video, when they’re repeatedly warned that these things turn high-speed…
If you’re out this weekend…
Let me know what you see. Notice a new project or for-sale sign? Leave me a comment, and I’ll try to find out what’s going on. What have you seen lately?
North side project to include Paradise
A two-building office and retail complex at the corner of Meridian and 96th Street will include a Paradise Bakery & Cafe and a McAlister’s Deli. Landmark Properties is developing the 45,700-square-foot project…
Reviving Mass Ave’s East End
A development team is hoping to replace an Indianapolis Public Schools operations center on Mass Ave with up to 400 homes and 200,000 square feet of retail space. The project would encompass 11 acres and preserve an historic former Coca-Cola…
Another Candlewood hotel planned
Developers are planning a new 80-room Candlewood Suites hotel on the east side at 21st Street and Shadeland Avenue. Constructed is slated to start next summer on the hotel, which would be the fourth in Indianapolis for the InterContinental Hotels…
New pet store will include hotel
A new PetSmart store opening soon at Trader’s Point will be home to a 157-room PetsHotel, the first for the chain in Indiana. The store is slated to open in June and will…
Take Two: Old theater gets new life
A landscaping company is moving into the long-vacant former General Cinema theater at Lafayette Square Mall. Mainscape Inc. has signed a temporary lease and is working on a long-term deal with Simon Property Group, the mall’s owner. The company tore…
Darden closing 7 Indiana restaurants
Apparently Darden Restaurants is no longer keen on the Hoosier dining scene. The Orlando, Fla.-based company announced this weekend it’s closing seven restaurants in Indiana, including Smokey Bones Barbeque and Grill locations in downtown Indianapolis and Avon, and the just-opened…
East end of Mass Ave poised for rebirth
Bustling foot traffic at lunchtime and at night helps sustain many of the restaurants, shops and galleries in the vibrant
Mass Ave downtown neighborhood. But few of the Massachusetts Avenue shoppers and diners on foot venture east of the psychological
barrier that is College Avenue.