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‘Rat’ campaign targets projects: Union-hired protesters picket non-union contractors

May 23, 2005

Union supporters have no plans to exterminate the giant rats that have become a common sight downtown, as they continue to pressure certain contractors to pay what they consider fair wages. That is the message from the Indiana/Kentucky Regional Council of Carpenters, the labor organization that has adopted the rodent as its mascot for a campaign targeting various downtown construction projects. Organizers said the effort is twofold: to create public awareness that union contractors are losing work, and to better…

Helping seniors get online: Teen-founded organization teaches computer literacy

May 9, 2005

Philip Ealy became quite deft at pounding the keys of his manual typewriter while processing orders during a career in the construction industry. But when his son gave him a laptop, the gap in technology was too great to overcome. So the 88-year-old resident of Manor Care at Summertrace in Carmel enrolled in a computer class at the independent living facility offered by an upstart not-for-profit known as Senior Connects. The thrust of Senior Connects’ mission-to promote computer literacy among…

Building trades set for takeoff: Construction companies line up for first set of bids on $300M midfield terminal

May 9, 2005

The Indianapolis Airport Authority board on May 9 is expected to vote to approve the letting of the first six construction packages. They’re worth a total of $70 million, said Midfield Program Manager John Kish. That’s about a quarter of the $300 million terminal building’s price tag. The $974 million midfield project also includes a new airport entrance at I-70 and Six Points Road. But it’s the terminal building that has broad appeal to the trades. “I’d say this is…

Stutz’s future includes condos: Developer envisions high-rise, nightclub as part of biz center

May 9, 2005

Stutz Business Center owner and visionary Turner Woodard last month rolled out a 10-year master plan for the Stutz that could bring condominiums, retail and a high-rise tower to the former auto-manufacturing plant at 10th Street and Capitol Avenue. Right now, Woodard concedes many of his plans are dreams. But with a blossoming life sciences corridor just to the west along the Central Canal, Woodard said he wants the 80-year-old Stutz to continue to be a hub of activity as…

Convention payoffs won’t be instant: New deals, development unlikely until construction begins

May 9, 2005

The much-ballyhooed battle about funding for a new stadium and expanded convention center downtown appears to be over, but it will be some time before the victors get the spoils. Although state lawmakers authorized a series of tax increases to pay for the $900 million project, plenty of work remains to realize the promised payoffs-increased convention business, additional development and a shot at hosting the Super Bowl. “I don’t expect to see any of that until construction starts,” said Indianapolis…

Airport goes batty on environmental mitigation: Cost of buying new land for bat habitat is triple estimates, on top of $21.6 million spent since early 1990s

May 9, 2005

The cost of replacing Indiana bat habitat bulldozed to build an Interstate 70 entrance to the midfield airport terminal has tripled from original estimates. The Indianapolis Airport Authority has spent $1.3 million buying new roosting land for the endangered bat, up from a $475,000 estimate published in the Authority’s justreleased annual report. That’s on top of $21.6 million in other environmental mitigation projects at Indianapolis International Airport involving bats and wetlands since the early 1990s. That amount is roughly equivalent…

SPORTS Bill Benner: Stadium proves dreams sometimes come true

May 9, 2005

In subsequent columns, I also stated that we needed a regional solution to the funding problem, and proposed a regional tax for the counties contiguous to Marion in which they could keep a share of the proceeds for their own capital projects. Finally, within days of last November’s election, I observed that it would require a bipartisan effort led by both Republican Governor Mitch Daniels and Democratic Mayor Bart Peterson to work this thing through the Legislature. I’m glad-overjoyed-everyone took…

Deaf School building independent-living house: Students will practice skills they need to make it solo

May 2, 2005

Beginning this fall, high school students at the state-run school will get that boost at a new facility intended to help them learn how to make it on their own. The so-called Independent Living House-which may have a catchier name by the time it opens-will be able to accommodate as many as 10 students at a time, giving them a safe environment to practice cooking, cleaning and caring for themselves. “A large number of students need this kind of program,”…

New Symphony Bancorp raises $15 million: Nearly 200 investors stake quality-service-oriented de novo bank on Marion-Hamilton county line

May 2, 2005

Flush with $15 million, Symphony Bank is nearly ready to take the stage. A group of nearly 200 investors contributed the money necessary to underwrite the new bank, which will be at 3737 E. 96th St., just south of the border between Hamilton and Marion counties. Symphony Bancorp President and CEO Steve Tolen said dedication to customer service will differentiate his de novo bank from its stiff competition. “When we looked at the marketplace, we felt while we may be…

Sales, new spec space in the cards at Intech: Intech One and Two likely to fetch top dollar, draw national interest, investment broker says

May 2, 2005

Two years ago, Lauth Property Group Inc.’s Intech Park was arguably the most prominent sign of central Indiana’s soft office market. The northwest-side park’s largest buildings, Intech One and Two, had entire floors vacant and awaiting completion. Acterna LLC was pulling out of its 140,000-square-foot building, a retreat symbolic of the technology bust’s effect on the larger suburban office market. Today, helped by a robust investment market and Intech’s recent state designation as a certified technology park, Lauth hopes the…

Developers plan spec industrial on heels of new deals: More big leases are expected in coming months

May 2, 2005

For months, local industrial brokers have reported an uptick in activity from potential tenants in the modern bulk-industrial market. With the start of the second quarter, tirekickers seem ready to sign on the dotted line. Three large-scale industrial deals in Plainfield kicked off the second quarter, prompting developers to release plans for more speculative bulk-industrial development this year across the metro area. “The activity in the first quarter is setting up the second quarter for a lot of closings,” said…

Experts see improving market: Higher occupancy rates, more construction projects mean good news for landlords, developers

April 25, 2005

IBJ: Is your sector of the construction or real estate industry better or worse off than a year ago and why? BURK: Overall, I think the Indianapolis office market is better off than it was a year ago. The occupancy rate for the 29-million-plus square feet of multitenant office properties in the market increased by about 2 percent last year, to 82.5 percent. There was positive net absorption of about 600,000 square feet, most of which occurred in the suburbs….

Plainfield, Avon work on land annexation agreement: Pact could pave way for mammoth industrial park by Browning Investments

April 25, 2005

Officials from the towns of Plainfield and Avon are negotiating to share annexation of a large parcel of unincorporated land that a mammoth industrial and distribution park will be built upon. Locally based developer Browning Investments Inc. has much of the 1,100-acre tract north of its Plainfield AirTech Business Park in Hendricks County under contract. When finished, the decade-long project will boast 15 million square feet of space, almost equaling the entire Plainfield industrial market. It dwarfs the 5.5-million-square-foot AirTech…

Health builders thinking small: Local hospital development in for change

April 25, 2005

Just north of Indianapolis, Clarian Health Partners plans to open a 170-bed hospital this December, a suburban complement to the 76-bed hospital it opened last December in Avon. To the south, St. Francis Hospital and Health Centers unveiled a heart center in March, counterbalancing the two stand-alone heart hospitals that sprang up on the north side a few years ago. These projects offer a snapshot of how health care development has progressed over the past few years in central Indiana….

Kite’s plan sparking controversy: Condos near Fashion Mall likely to face ‘battle royal’

April 25, 2005

A partnership headed by Paul Kite has ambitious plans for a mixed-use development featuring midrise condominium towers and retail space on the last undeveloped corner of 86th Street and Keystone Avenue. A proposal from PK Capital LLC, Kite’s partnership, calls for more than 180 condos and about 60,000 square feet of retail space on the north side of 86th Street between Haverstick Road and Keystone Avenue. The 10-acre property lies just south of Our Lady of Peace Cemetery and a…

Massive retail project on tee: Britton Golf Course buyers plan 85-acre development that could rival Clay Terrace

April 25, 2005

The development group that invested $16 million to buy Britton Golf Course in Fishers is pressing forward with its plan to convert the property into a retail center that would rival Clay Terrace in Carmel. The purchase earlier this month, following Fishers Town Council approval, represents the first significant real estate project for the group of local investors formed under the Britton Park Development LLC name. Bordering State Road 37 and East 131st Street, the 104-acre golf course is the…

April 25, 2005

Developers of a small parcel of property on the northwest side are creating a courtyard of quaint shops that will feature an offshoot of the CafÃ© Patachou boutique restaurant. Daniel Altman and his wife, Colleen, bought the piece of land at the corner of 51st Street and Michigan Road last year and opened the upscale Catalpa Antiques & Objects in the historic home that sits on the property. Once completed, the Catalpa Place development will include five shops within a…

State awaits Crane’s fate: Indiana tech promoters hope feds will expand naval base

April 25, 2005

In just a few weeks, Hoosiers will learn whether the Navy plans to multiply southwest Indiana’s economic development prospects, or mothball its Crane base, the region’s primary high-tech asset. The latter scenario would not only devastate the region; it would seriously set back statewide efforts to modernize Indiana’s economy. “If Indiana were in a position where we were a recognized technology leader, the loss of that one asset might not loom as large,” said Central Indiana Corporate Partnership Vice President…

CHRIS KATTERJOHN Commentary: Be yourself-maximize your assets

April 18, 2005

Be who you are. Conversely, don’t try to be somebody you’re not. Focus on what you do best, and you’ll succeed. When we think of people who excel at anything … Joshua Bell playing the violin, Reggie Miller shooting three-pointers, Dr. Lawrence Einhorn treating cancer … we understand they have achieved their success by focusing on their God-given talents, developing them, and practicing, practicing, practicing. Communities are much the same, though the philosophy could be amended to read a more…

Changes sought in Citizens Gas pipeline project: Industrial customers argue that alliance drives up cost

April 18, 2005

Citizens Gas & Coke Utility should build a new pipeline to reap cheaper wholesale gas from the West and Canada, but it should ditch its unregulated partner on the project, say industrial customers and the state’s utility consumer watchdog. The Citizens Industrial Group and the Office of Utility Consumer Counselor don’t want Citizens Gas’ ProLiance Energy subsidiary to be involved in certain financing, ownership and management aspects of the proposed $17 million pipeline. They say the joint venture, known as…

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Articles

‘Rat’ campaign targets projects: Union-hired protesters picket non-union contractors

Helping seniors get online: Teen-founded organization teaches computer literacy

Building trades set for takeoff: Construction companies line up for first set of bids on $300M midfield terminal

Stutz’s future includes condos: Developer envisions high-rise, nightclub as part of biz center

Convention payoffs won’t be instant: New deals, development unlikely until construction begins

Airport goes batty on environmental mitigation: Cost of buying new land for bat habitat is triple estimates, on top of $21.6 million spent since early 1990s

SPORTS Bill Benner: Stadium proves dreams sometimes come true

Deaf School building independent-living house: Students will practice skills they need to make it solo

New Symphony Bancorp raises $15 million: Nearly 200 investors stake quality-service-oriented de novo bank on Marion-Hamilton county line

Sales, new spec space in the cards at Intech: Intech One and Two likely to fetch top dollar, draw national interest, investment broker says

Developers plan spec industrial on heels of new deals: More big leases are expected in coming months

Experts see improving market: Higher occupancy rates, more construction projects mean good news for landlords, developers

Plainfield, Avon work on land annexation agreement: Pact could pave way for mammoth industrial park by Browning Investments

Health builders thinking small: Local hospital development in for change

Kite’s plan sparking controversy: Condos near Fashion Mall likely to face ‘battle royal’

Massive retail project on tee: Britton Golf Course buyers plan 85-acre development that could rival Clay Terrace

Michigan Road project features upscale shops: Smaller version of CafÃ© Patachou planned for property

State awaits Crane’s fate: Indiana tech promoters hope feds will expand naval base

CHRIS KATTERJOHN Commentary: Be yourself-maximize your assets

Changes sought in Citizens Gas pipeline project: Industrial customers argue that alliance drives up cost