Jefferson Plaza revamp underway

Downtown’s Jefferson Plaza is getting a facelift and a new name. Developer J. Greg Allen says he’s talking with three potential restaurants interested in opening on the first floor with outdoor dining on the plaza. He would not name the restaurants but said each would be new to Indianapolis. The 90,000-square-foot former bank building along Pennsylvania Street just south of Washington Street also will be getting a new name: Allen Plaza. The $12-million renovation project includes a facade touch-up (shown here) and 30 new condos ranging up to $1 million on the top five floors. The second, third and fourth floors will be offices.