Kite Realty Group bets big on hotel, even as other projects wither

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9 thoughts on “Kite Realty Group bets big on hotel, even as other projects wither

  1. Excuse me if I can’t take Mike Well’s altruistic advice seriously. He only stands to gain, with his hotel holdings, if this doesn’t get built.

  2. So the city is ” absolutely betting on downtown? Then why did the hapless Hogsett team allow a big part of our downtown to be destroyed by rioters and anarchists? Our downtown now resembles Detroit’s. Nice job Dems!

    1. If you think Detroit resembles Indy, you haven’t spent enough time in Detroit. Two nights of riot damage does not even come close to what Detroit is like. (And, yes, there has been work to improve Detroit… but wow do they have a lot of work to do, and they simply don’t have enough residents right now.)

    2. Though the actions that weekend are inexcusable, it’s not like Indy is alone. It happened everywhere. Most evidence suggests that Indy fared better than comparable downtowns. Keep in mind that echo flare-ups occurred in quite a few cities (and, in some cities, are still occurring) for several weeks after. Here in our nation’s capital, huge blocks of the downtown still remain covered with plywood.

      Detroit used to be the fourth or fifth most populous city in the country. Now it’s out of the top 20, meaning it’s already smaller than Indy (despite the metro being much larger). In terms of population within the municipal boundaries, I’d be very surprised if the 2020 Census does not reveal the 313 to have a population at least 25% less than Indy.

  3. To shed some sunlight on the gray cloud this article is casting over the lack of financing of hotels & downtown Indy, the Aloft Hotel on Market St, 1 block East of the circle, is moving forward with their 13 story remodel project. There is a glimmer of hope & some positive news to report.

  4. i dont have access to the intricate details of how the city does business but Indy honestly couldnt afford to not buld this massive project.People have to remember that city has built its reputation off of sports and conventions of all types.Indy has cities thats constantly expanding their convention centers and bulding hotels to lure events away from Indy.So the city can never relax with all the competietion around.Indy use to be Indy-No-where,now Central Indiana is making a name for itself.the momentum is in the cities favor and it would almost be suicide to sit idle and let the virus dictate our future.Indy has to hit the ground running now and after the pandemic.Im sure the mayor and city officials didnt want to lose any ground to cities like Columbus ohio,Louisville,Kansas city mo,Nashville,Charlotte ect. People thats against the Pan Am are the same doubters that said Indy didnt need to build the Hoosier dome or when we first built the convention center. Just think if city leaders listened to those folks?Indy should think BIG and move forward with what an Indianaapolis in the future will look like. we cant continue to just be a typical midwest city in flyover country.We have to continue to build up the city to attract keep talent and companies to invest as well as move here.

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