Offers pour in for First Indiana Plaza
A sluggish real estate market hasn’t deterred investment groups interested in owning the 31-story First Indiana Plaza. Brokers say the New York-based owners of the struggling skyscraper have received about 10…
Cory Schouten
Articles
Pan Am sale called off
A Texas company has terminated its contract to buy Pan Am Plaza because of turmoil in the credit markets. Principle Equity Management had hoped to build a $50 million restaurant and…
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.
The first of the new glass panels are up on One Indiana Square. What do you think so far? The transformation of the 36-story tower built in 1970 is expected to take…
Tower’s new look taking shape
The first of the new glass panels are up on One Indiana Square. What do you think so far? The transformation of the 36-story tower built in 1970 is expected to take…
A grand entrance for the JW
Someone asked a while back what the JW Marriott convention hotel will look like along West Street. I had a chance today to ask Mike Wells of developer REI Investments. He said…
Vision takes shape for Canal ‘bridge’
Kansas-based LodgeWorks LP continues to refine its proposal for a hotel project that would include a bridge over the Central Canal. The proposal, designed by Chicago-based ASC Architects, calls for:
A four-story bridge…
New renderings of Lucas Oil Stadium
The state has released new renderings of Lucas Oil Stadium that more accurately reflect the brown brick color. What do you think?
St. Francis gears up for expansion
Construction is set to begin soon on a 417,000-square-foot addition to the Indianapolis campus of St. Francis Hospital (Beech Grove campus is shown here). The $200-million project is slated for completion…
Steak n Shake expects ‘rebuilding year’
Steak n Shake Co. CEO Peter M. Dunn analyzed and measured just about everything at the restaurant chain, from drive-through
times to employee turnover. All that research and testing was welcome when the company was thriving a few years ago. But the
lack of evidence that all the analysis was paying off eroded Wall Street’s confidence in Dunn.
Will Indy get an IKEA?
That’s a popular question around here. Has been for years. The city is not currently in discussions with the Swedish home furnishings giant, said Jim Garrard, Indy’s economic development director. But it was…
Eastgate Mall is up for sale, again
The owners of the eyesore formerly known as Eastgate Consumer Mall have put the property back on the market at an asking price of $3.5 million. Dallas-based JTL Capital LLC received…
Scotty’s looking downtown
Scotty’s Brewhouse, the Indiana college town institution, is working on plans for new restaurants in downtown Indianapolis, Chicago and Charlotte, N.C. The restaurant would like to locate at Pan Am Plaza, said…
BREAKING: Feds cancel $38M contract for FBI office
The federal government has canceled a contract with a Missouri developer chosen to build a new FBI field office in Castleton. The U.S. General Services Administration awarded the $38-million contract to Kansas City-based BC Development Co. on March 23, but the company failed to obtain control of the 12-acre property in time to meet a […]
Feds cancel deal for FBI headquarters
The federal government has canceled a contract with a Missouri developer chosen to build a new FBI field office in Castleton. The U.S. General Services Administration awarded the $38-million contract to Kansas City-based…
Music Center off the market
Noblesville’s Verizon Wireless Music Center is no longer for sale and will host a full lineup of shows in 2008, the facility’s general manager, Steve Finkel,…
Retail Roundup: Of bars and banks
Whether you’re looking to save your money or spend it on booze, these nuggets might be of interest: D’Vine A Wine Bar plans to open next Tuesday in its new location along East 82nd Street. The wine bar is taking…
Scotty’s eyes downtown
Scotty Wise, the president
also is working on deals for new restaurants in Old Town Chicago and at EpiCentre, a mixed-use project in downtown Charlotte, N.C.
UPDATE: CEO exit puts Steak n Shake at crossroads
The abrupt departure of Steak n Shake Co.’s CEO yesterday following eight straight quarters of declining same-store sales might stoke investor speculation that the company will be sold. Shares of locally based Steak n Shake Co. rose slightly this morning on news of the leadership shuffle. The stock was up 11 cents, to $13.57, one […]
Indy fitness craze continues
With so many new fitness chains entering the central Indiana market, will Hoosier become synonymous with svelte? The latest additions: A Minnesota fitness chain has plans for new locations in Avon, Brownsburg, Carmel,…