Former jail up for sale
The owner of a former Community Corrections jail facility at the southwest corner of Delaware and Maryland streets has put the building up for sale,…
Cory Schouten
Articles
Barley Island taking SI space
Noblesville’s Barley Island Brewing Co. is planning to open a second restaurant and brewhouse in the former home of Scholar’s Inn Bakehouse at the corner of…
Redevelopment eyed for former jail building
Prospective buyers need a little vision to see the potential in the four-story former jail at the southwest corner of Maryland
and Delaware streets.
Lauth insiders offer to put up $15M-WEB ONLY
Several principals of Indianapolis-based Lauth Group Inc. and their spouses have offered to provide $15 million in financing to Lauth subsidiaries in bankruptcy. The insiders say in court filings that they are offering the proposal because Lauth Investment Properties LLC doesn’t have enough hard assets to serve as a “borrowing base” for a more traditional […]
Lender accuses Lauth Group of fraud-WEB ONLY
The largest outside investor in Indianapolis-based real estate firm Lauth Group Inc. has accused company principals of fraud, conspiracy and racketeering in a lawsuit filed this week in U.S. District Court. The suit, filed by a subsidiary of Chicago-based Inland American Real Estate Trust, points to “a disturbing pattern of fraudulent misrepresentations” by Robert L. […]
Ambrosia plans downtown location
The owner of the popular Broad Ripple Italian restaurant Ambrosia plans to open a new location downtown on the first floor of the Hampton Inn along Maryland Street. The…
Privatize parking meters?
City officials are considering several proposals to modernize and even privatize the city's roughly 4,000 parking
meters to squeeze out more revenue.
Weigh in on the new Wishard
Check out this early rendering of a proposed replacement for Wishard Hospital. The $754-million project calls for 11 stories and about 1.2 million square feet of space. It would be built just west of the current hospital, next to the…
Lauth’s lawyers raking in big fees in bankruptcy reorganization
Developer Lauth Group Inc. is sparing no expense on attorneys in the Chapter 11 reorganization of key subsidiaries. The company has hired two of the nation’s most prominent bankruptcy and restructuring specialists to handle the cases, and the bill for the first month easily will exceed $1 million.
Cafe Nora, Ruth’s Cafe close
Owner Jim Nethercott said he had to shut down Saturday because of falling traffic and other financial troubles.
His…
Privatize parking meters?
City officials are considering several proposals to modernize and even privatize the city’s roughly 4,000
parking meters to squeeze out more revenue.
Wine bar planned for Conrad
Plans are in the works for a wine bar called Tastings that would take the first-floor corner space at the Conrad Indianapolis and…
Kite Realty misses out on REIT revival
Kite Realty Group Trust has stuck pretty closely to the REIT recession playbook: Renegotiate debt, sell new shares, cut
dividends, and set the development engine to idle. But as the shares of most publicly traded real estate
investment trusts have bounced back from the lows in March, Kite’s shares have lagged.
City considering new parking meter plan
City officials are considering several proposals designed to wrestle more revenue out of
the city’s roughly 4,000 parking meters, including
the possibility of a long-term lease to a private firm, a move that netted Chicago more than $1 billion
last year.
Conrad Indianapolis adding wine bar, sidewalk dining
Plans are in the works for a wine bar called Tastings that would take the first-floor corner space at the Conrad Indianapolis.
The $1 million project would add an entrance to the luxury hotel at the northeast corner of Washington
and Illinois streets and include a total of 80 outdoor seats along both streets, in the shadow of the
Artsgarden.
Keystone Construction plans Madison Avenue retail center
A local developer is planning a retail strip center along Madison Avenue just south of downtown in a neighborhood that’s been
begging for investment for years. The plans by Keystone Construction Corp. call for a 25,000-square-foot retail
center at 1400 Madison Ave., across from Sisters’ Place Restaurant.
Developer plans Madison Avenue retail center-WEB ONLY
A local developer is planning a retail strip center along Madison Avenue just south of downtown in a neighborhood that’s been begging for investment for years. The plans by Keystone Construction Corp. call for a 25,000-square-foot retail center at 1400 Madison Ave., across the street from Sisters’ Place Restaurant. The 2.8-acre site now is home […]
Madison Avenue retail planned
A local developer is planning a retail strip center for a run-down parcel along Madison Avenue south of downtown. The plans by Keystone Construction Corp. call for…
Center would spruce up Madison corridor-WEB ONLY
A local developer is planning a retail strip center along Madison Avenue just south of downtown in a neighborhood that’s been begging for investment for years. The plans by Keystone Construction Corp. call for a 25,000-square-foot retail center at 1400 Madison Ave., across the street from Sisters’ Place Restaurant. The 2.8-acre site now is home […]
Preview of $30M project
Check out these fresh renderings of a $30-million student housing project planned for Indiana Avenue near
IUPUI. The plans by Trinitas Ventures of West Lafayette call for 250 apartment units at 1201 Indiana Ave,
between Montcalm and Milburn streets south…