City: $60 million needed for Monument Circle overhaul
The project would entail reconstruction of the brick-paved Circle and adjacent blocks along Meridian Street and Market Street. Construction could start in 2016.
Scott Olson
Articles
City: $60M needed to make Circle more pedestrian-friendly
The project would entail reconstruction of the brick-paved Circle and adjacent blocks along Meridian Street and Market Street. Work could begin in 2016.
Pedal pubs are latest hit in a beer-loving city
Booze and bicycling—in the most unconventional sense—is the thrust behind The Handle Bar, a local startup operated by Steve Lindsay and his brother Brian.
Broad Ripple apartment project gets preliminary approval
The controversial residential-and-retail development along the Central Canal got the nod from a city hearing examiner on Thursday. A zoning change and variances for the project still require additional approval.
Endangered Phillips Temple avoids demolition, for now
The historic but vacant structure at 1226 Dr. Martin Luther King Jr. St. has attracted a few potential buyers, prompting Indianapolis Public Schools to delay demolition of the building pending a deal.
IndyFringe’s theater addition to get boost from developer
The theater group’s plans for a 2,100-square-foot addition at its home base near Mass Ave. will receive in-kind construction services from Milhaus Development LLC, which is building its Circa project just to the south of IndyFringe’s headquarters.
Adjacent Chatham Arch properties could attract redevelopment
The roughly one-acre properties at 625 E. 11th St. and 602 E. 10th St. encompass an entire city block.
Indiana lawsuit about cold beer sales faces uphill battle
States are viewed as having wide latitude to regulate alcohol sales.
Trust invites bids on GM stamping plant property
The owner of the 102-acre site has selected 12 companies and asked them to submit redevelopment plans. A deal could be announced by the end of the year.
Preservationists to explore reuses for Old City Hall
As part of its annual National Preservation Conference, to be held this fall in Indianapolis for the first time, the group plans to explore reuses for the vacant but historic building during a day-long event.
Developer poised to build 900,000 square feet of industrial space
The two buildings, one totaling 475,000 square feet and the other 450,000 square feet, are set to be built on 52 acres in Plainfield that Opus has owned since 2008.
Dispute over Uptown Business Center in SoBro gets messier
The dispute started in October when the lender tried to take possession of the building at the southwest corner of 49th Street and College Avenue. Now the owner has filed Chapter 11 to delay foreclosure proceedings.
Roundup: Graeter’s selects Butler-Tarkington location
The latest Retail Roundup reports that the popular Graeter’s ice cream chain is taking space at 56th and Illinois streets, while Mo’s … A Place For Steaks undergoes a name change.
Allison Pointe buildings hit with foreclosure suit
The owners of the buildings, about three dozen entities and individuals, owe $16.6 million, or the entire balance of the loan they received in 2006 to purchase the properties, according to court documents.
Steak n Shake dispute with franchisees reaches to Denver
The locally based burger chain filed suit late last month to stop a Denver restaurant owner from operating under its logo in a spat over menu pricing. The franchisee is countersuing.
Kite Realty reports loss on loan default
The Indianapolis-based real estate investment trust took a $5.4 million non-cash impairment charge relating to a $29.5 million loan default on a retail development in Georgia.
New retail downtown sitting idle
A flood of downtown apartments coming on the market is leasing up quickly, but much of the attached retail space continues to languish as some begin to wonder whether the residential boom will create enough retail demand.
Scotty’s Brewhouse could shrink with sublease
With business not up to expectations, founder Scott Wise is searching for a tenant to take about 2,500 square feet within the existing 12,000-square-foot space at 1 Virginia Ave.
HHGregg reports smaller loss on improving same-store sales
The company reported a loss of $1.3 million, or 4 cents per share, for its latest quarter, compared with a loss of $5.7 million, or 16 cents per share, in the same period a year ago.
Art gallery planned for Washington Street building
The new owners of a pre-Civil War building at 42 E. Washington St. are renovating the historic four-story structure with plans to open a high-end art gallery in October on the ground level.