Articles

Wholesale District developments would replace parking lots

Now that most of the existing buildings along South Meridian Street downtown have been rehabbed for condos, restaurants or
hotels, developers are eyeing surface parking lots. Local companies filed plans recently to replace two such gaps in the Wholesale
District streetscape with mixed-use projects.

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Pan Am development deal dies

Fallout from the subprime mortgage fiasco has scuttled a developer’s plans to acquire Pan Am Plaza and could complicate a
host of other development deals under way in Indianapolis.

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Pan Am buyer to raze rinks

A Texas firm has agreed to buy Pan Am Plaza’s 12-story office building and skating rinks and is planning to replace the rinks
with a more-than-$50-million restaurant and retail development.

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Hotel tower planned by stadium, Lilly campus

After years of designing banks, churches and condo conversions, Prince/Alexander Architects Inc. is working
with unnamed partners on a plan to replace its headquarters with a $47 million, 24-story hotel and condo development called
West Merrill Tower.

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Downtown hotel towers in works

South-side developer J. Greg Allen is pitching a massive project along Pennsylvania Street downtown that includes hotel towers–one
28 stories, the other 17–to be built on property now used mainly for surface parking.

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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.

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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.

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Condos offering live/work space are hot

The age-old concept of living above your workplace is catching on again in Indianapolis, just as the developers of Douglass
Pointe Lofts had hoped. The $2.65 million landmark at 25th and Delaware streets already will soon also be known for a diverse
roster of local businesses.

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Duke, Lauth, Mansur join MSA site fray

A who’s-who of local firms is planning bids to redevelop the Market Square Arena site with mixed-use projects that would depart
sharply from previous efforts focused on residential. New plans are expected to include retail , offices, apartment units
and condos backed by high-profile local developers that didn’t bid before.

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Crown Hill development showdown looming

Debate over a developer’s plan to buy 71 acres of woods and wetlands on Crown Hill Cemetery’s northern edge for a retail-and-residential
project will come to a head this week when the Metropolitan Development Commission votes on the proposal.

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Canal site picked for $33M project

A local developer plans to build a $33 million, four-story apartment and retail complex on the Central Canal just north of
Michigan Street. Flaherty & Collins Properties has the three-acre parcel under contract from American United Life Insurance
Co.

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VanAusdall to auction off city block

Local office equipment distributor VanAusdall & Farrar Inc. is putting an entire city block on North Meridian Street up for auction, a move that could spur development in a corridor real estate experts say is ripe for activity. The three-acre property is between 12th and 13th streets.

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