Articles

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…

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Corporate donors standing by $25M Super Bowl pledges

Most of the companies that agreed to help underwrite the 2012 Super Bowl are standing by their commitments even as the recession
wreaks havoc on their businesses. Of $25 million pledged by more than 80 companies before last year’s bid process, only about
$1 million is at risk, said host committee head Mark Miles.

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Bowl donors still in game-WEB ONLY

Most of the companies that agreed to help underwrite the 2012 Super Bowl are standing by their commitments even as the recession wreaks havoc on their businesses. Of $25 million pledged by more than 80 companies before last year’s bid process, only about $1 million is at risk, said host committee head Mark Miles. And […]

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Around town restaurant roundup

Several tasty nuggets today:
Iozzo’s Garden of Italy is slated to open July 17 along Meridian Street just south of Shapiro’s and Greek
Islands, in the former home of Leland’s and Cafe@Ray. The…

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City zoning oversight puts $65M deal on hold-WEB ONLY

A hearing to discuss plans for a $65 million downtown redevelopment project was pushed to August after city officials learned the site does not have the required zoning. The city offered a rich incentive package to drive the redevelopment of the former Bank One operations center and an adjacent surface parking lot between New Jersey, […]

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Panera plans outdoor dining

Panera hopes to include sidewalk and atrium seating for its new restaurant under construction at Claypool
Court. The bakery cafe, which is taking second-floor space next door to Weber Grill, has asked…

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ISTA weighs downtown headquarters sale-WEB ONLY

The Indiana State Teachers Association may try to unload its nine-story headquarters in downtown Indianapolis to cope with financial turmoil, but such a deal likely would keep the teachers union as the building’s anchor tenant. Selling the 115,000-square-foot headquarters could help the teachers’ union regain its footing after big losses at its insurance trust drew […]

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So long, SoDo

The owners of a 1.3-acre parking lot southeast of Meridian and South streets have put the property up for sale, apparently putting an end to the dream…

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Receiver sale for CityView

A 20-story apartment tower in midtown Indianapolis is being offered in a receiver sale for about $42,000 per unit, about a third less than the…

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Foreclosed tower goes up for sale-WEB ONLY

A 20-story apartment tower in midtown Indianapolis is being offered in a receiver sale for more than 36 percent less than the unpaid loan balance. The local office of CB Richard Ellis is marketing the 166-unit CityView on Meridian for $6.9 million. The 1966 structure on the northeast corner of 38th and Meridian streets includes […]

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Foreclosed tower goes up for sale-WEB ONLY

A 20-story apartment tower in midtown Indianapolis is being offered in a receiver sale for more than 36 percent less than the unpaid loan balance. The local office of CB Richard Ellis is marketing the 166-unit CityView on Meridian for $6.9 million. The 1966 structure on the northeast corner of 38th and Meridian streets includes […]

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@propertylines

Want more frequent updates? You can now follow Property Lines on Twitter. Get the latest real estate nuggets at twitter.com/propertylines.

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Magazine touts Woodruff Place

The magazine This Old House has named Indy’s Woodruff Place as one of the country’s 51 best places to buy an old home. The neighborhood…

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Bally Fitness locations to close

Two local Bally Total Fitness locations will close today as part of the parent company’s reorganization under Chapter 11 bankruptcy. Gyms along U.S. 31 in Greenwood and behind…

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Property Lines on Twitter

Want more frequent updates? You can now follow Property Lines on Twitter. Get the latest real estate nuggets at twitter.com/propertylines

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$65M development deal would cost Capital Improvement Board

The Capital Improvement Board could be forced to give up one of its most profitable assets so the city can pull off a $65-million
public-private downtown development deal. The city has agreed to help a developer revitalize the vacant former Bank One operations
center in part by acquiring an adjacent
parking garage for $18.5 million.

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City deal would cost CIB-WEB ONLY

The Capital Improvement Board could be forced to give up one of its most profitable assets so the city can pull off a $65-million public-private downtown development deal. The city has agreed to help a developer revitalize the vacant former Bank One operations center in part by acquiring an adjacent parking garage for $18.5 million. […]

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Nora post office to close

One of the city’s busiest post office branches will close in the coming months to clear the way for a possible expansion of the Target…

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$65M downtown development deal raises questions

A $65 million public-private plan for the redevelopment of a vacant downtown office building is raising eyebrows for its unusual
approach and potential risk to taxpayers. The plan calls for a private developer to acquire the former Bank One operations
center, surface parking lots and an adjacent
parking garage from a private owner for $18.5 million, then sell the 1,680-space garage to the city for $18.5 million.

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