On a slow Monday, a trip back
Almost 50 years ago, before the City-County Building or Interstate 65, city leaders and planners designed a master plan for the Central Business District. The 42-page document provides some fascinating…
Cory Schouten
Articles
Still under construction
A new headquarters for Gresk & Singleton Law Firm and Gresk Realty has been “coming soon” northwest of Delaware and 10th streets for the better part of two years. What…
Busy Lauth develops into national power: Hoosier entrepreneurs fuel growth at real estate firm
Before they had fancy suits or fast cars, the four owners of Lauth Property Group were resourceful teen-agers, busy finding ways to make money. Chairman Bob Lauth, President Michael Curless and CEO Greg Gurnik each started neighborhood lawn-care businesses. The company’s treasurer and chief accounting officer, Larry Palmer, hawked programs at the Indianapolis Motor Speedway. At the time, their hard work and entrepreneurial instincts helped scrounge up date money. In the last few years, it’s helped them turn Indianapolis-based Lauth…
Land trusts find foothold in Indiana
In an effort to preserve Indiana woodlands , some property owners are transferring development rights to Central Indiana Land
Trust Inc., a not-for-profit environmental group. Owners can grant a so-called conservation easement in exchange for an impressive
array of tax benefits.
Beilouny Luxury Properties carves out downtown niche: Propelled by its flagship 757 Mass Ave project, upstart local developer eyeing more mixed-use projects
When Ed Beilouny bought property at the southwest corner of Massachusetts and College avenues in 1977, many of his friends and family members thought he was crazy. The neighborhood wasn’t much to look at. In the eyes of some, it was downright dangerous. But Beilouny, who was born in New York, had a vision that would take 30 years to develop. The land is now home to the flagship building of Beilouny Luxury Properties, a privately held company that has…
Open thread: What’s happening?
Your Friday gift: An open thread to discuss whatever real estate topics are on your minds. Fashion Mall? MSA? Penn Centre? The new BMW ad on this blog? We’re classin’ it…
Simon defending Fashion Mall turf
At least one local broker thinks Simon’s plans to expand the Fashion Mall are a competitive jab at Premier Properties, which is planning a mixed-use development called Venu southwest of the intersection of…
Is this photo illegal?
Should it be against the law to photograph the City-County Building? Some in Indianapolis law enforcement think so. The IBJ photographer was told today that taking pictures of the building is a…
A brand-new Maxwell rendering
Kosene & Kosene has begun construction on its latest downtown project, the 105-unit Maxwell. The six-story building sits along Ohio Street between Park and East streets and will feature condos starting at…
Class A towers paying B taxes
When it comes to advertising and marketing, the city’s two tallest skyscrapers are Class A, all the way. But throw out that
notion at tax time. The owners of Chase Tower and OneAmerica Tower–and some of the city’s other large office buildings–have
successfully lobbied for lower building “grades” that save them big bucks on property taxes.
At last: Penn Centre rendering
Here’s a preliminary rendering of the Penn Centre development planned along Pennsylvania Street between Maryland and Georgia streets. The J. Greg Allen project is being designed by locally based Browning Day Mullins…
Premier project gets a name: Venu
Premier Properties has unveiled some of the details of its $750-million plan for a huge mixed-use development at the southwest corner of 86th and Keystone Avenue. The project is called Venu, a…
Plans develop for South Meridian
Locally based Urban Space Commercial Properties is working to fill space in a new hotel/retail project at the northeast corner of Meridian and South streets, company founder Brian Epstein said today. Here are preliminary renderings for the project, which is…
Plans take shape for IMA park
Contractors are laying the groundwork to start construction on the $50-million Virginia B. Fairbanks Art & Nature Park at the Indianapolis Museum of Art. IMA has chosen a construction manager, The Hagerman Group, and work is slated to begin in…
City selling Martindale land
City officials are seeking bids to redevelop 7.5 acres northeast of downtown in the Martindale neighborhood. The property is the old Ertel Manufacturing plant at 2045 Dr. Andrew J. Brown Ave. The…
Penn Centre renderings
The project is being designed by locally based Browning Day Mullins Dierdorf. The partner in charge of the project is Greg Jacoby.
Gaming chain targets Indy
A California-based chain that sells videogames and gaming equipment has plans for at least two stores in central Indiana. Play N Trade has filed plans for stores in Carmel and Indianapolis….
Marian College plans new dorm
Marian College is about to add its first new student housing in more than 40 years. Construction is set to begin this summer on a 78-rooms, 144-bed residence hall, designed by…
New Pan Am owner has retail plans
A Houston firm has agreed to buy Pan Am Plaza’s office building, skating rinks and the plaza itself. The company, Principle Equity Management, is planning a low-rise, restaurant-anchored development that would…
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.