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Health care developers eye their next frontier: Northeast Hamilton County offers a lucrative market

March 27, 2006

Chris Hamm’s phone started buzzing with calls from health care developers once plans for an extension of 146th Street east to Interstate 69 crystallized a couple years ago. The Noblesville economic development director said several organizations have shown “significant interest” in planting health care businesses along 146th Street, which will see a big boost in traffic once workers complete the interstate connection in the fall of 2007. At least three health-care-related deals are in the works, he added, declining to…

Ad firm’s new HQ shows imagination: Former school gets makeover for Young & Laramore

March 27, 2006

The Indianapolis-based advertising firm’s former building, at 409 Massachusetts Ave., featured an interior atrium, open work spaces and a large fish sculpture in the window that caught the eye of passersby on the busy commercial corridor. For its new building, a former school tucked into Lockerbie Square a few blocks away, the firm had to decide how to creatively use a choppedup floor plan, complete with a gymnasium in the middle. Young & Laramore enlisted Eric Rowland and Sarah Schwarzkopf…

VOICES FROM THE INDUSTRY: Mediocre planning efforts don’t invite people to stay

March 27, 2006

Analysts say the housing market is slowing in Indianapolis and across the nation. Perhaps that’s why three significant, real estate developments have attracted so much local media coverage recently. In one story, the City-County Council approved the development of 28 condos in Broad Ripple, despite strong resistance from the neighborhood association. Meanwhile, local planning councils easily approved two new developments-a subdivision on the far northeast side of town that will feature almost 2,000 homes and a large condominium complex in…

BEHIND THE NEWS: Kite’s quest to fix Glendale reverberates on Wall Street

March 27, 2006

N o r t h – s i d e r s aren’t alone in eagerly awaiting Glendale Mall’s redevelopment plan. Wall Street is watching what happens next, too. Glendale is the largest of the 40 retail properties Indianapolis-based Kite Realty Group Trust operates. The North Keystone Avenue shopping mall collects annual rent of $2.5 million, representing more than 4 percent of the company’s total. So what Kite will do with the ailing, 724,000-square-foot property was topic No. 1 last…

VOICES FROM THE INDUSTRY: Copyrights can help protect your architectural designs

March 27, 2006

According to the American Institute of Architects, the intellectual property created as a result of a professional’s design capability is the most common proof of worth in terms of talent and experience. In light of its importance, many design professionals might wonder what tion of copies of an architectural work and to create a new architectural work based on the original. In practical terms, these rights give an owner control over such matters as who can construct a building based…

Hearthview becomes church’s reluctant savior: Developer chooses ‘significant’ financial hit over wrecking ball

March 20, 2006

Condominium developer Hearthview Residential Inc. came out of a news conference this month looking like something of a hero for converting a former church at 802 N. Meridian St. into condos, but company officials must have been grinning through clenched teeth. Locally based Hearthview initially tried to demolish the 1905 structure, quietly seeking a demolition permit for the entire building. When the permit was discovered at the 11th hour by city and state historic preservation officials, the wheels were set…

CHRIS KATTERJOHN Commentary: ‘Dallas’-like TV hit in our future?

March 20, 2006

Just as the popular prime-time soap opera “Dallas” emerged from Texas oil-industry lore, “Indiana” someday could become a mega-hit on television. After, that is, the state becomes the “Texas of biofuels” and the lurid, steamy tales of Big Biofuel begin to play out. I’m not sure who came up with “Texas of biofuels,” but the analogy surfaced after the recent announcement that the world’s largest soybean processing plant and biodiesel facility will be built in northern Indiana. With this project,…

Mooresville hospital plans next expansion: $33 million project would add emergency department, boost other service areas

March 20, 2006

St. Francis Hospital-Mooresville might finally land the emergency department town leaders want, thanks to a proposed $33 million expansion and renovation. Plans for an emergency department surfaced in bond paperwork the hospital filed recently with the Indiana Health and Educational Facility Financing Authority. The filing said the hospital also plans to add private rooms and renovate its surgery, joint and colorectal care facilities. Adding an emergency department also was mentioned in a lawsuit St. Francis officials filed last year against…

City gives MSA developers another extension: Slow winter for sales center prompts 90-day delay

March 13, 2006

The developers of the former Market Square Arena site this month touted an expected August groundbreaking for their high-rise condominium project, but glossed over the 90-day extension to its agreement with the city that was required to make that possible. Developers of One Market Square a year ago negotiated an extension that gave them until May 1, 2006, to close on their purchase from the city of the first two acres of the four-acre site. In February, that deadline was…

TAWN PARENT Commentary: Bill offers new hope for Main Street

March 13, 2006

Recycling isn’t just good for the environment. It’s good for buildings, and ultimately for economic development. When the Disciples of Christ moved its international headquarters downtown from Irvington in 1995, it left behind a 121,000-square-foot structure built in 1910 that could easily have become a vacant eyesore in the east-side neighborhood. Instead, local developer Mansur Real Estate Services Inc. helped give it new life as Mission Apartments for seniors. That $6.5 million project might not have happened without the help…

CHRIS KATTERJOHN Commentary: Partisanship: The nemesis of progress

March 6, 2006

Like Mayor Bart Peterson’s Indianapolis Works legislation last year, Gov. Mitch Daniels’ Major Moves bill has become the political football of this legislative season. The rhetoric and posturing associated with the highway funding bill has been as partisan and irrational as it comes. It’s as if the Democrats who oppose Major Moves are trying to compensate for their party’s inability to produce a solution to our state’s highways needs during the previous 16 years of Democratic leadership under governors Bayh,…

Ayres stores may be razed: Smaller shops likely replacements at Castleton, Greenwood

March 6, 2006

Simon Property Group Inc. wants to take the wrecking ball to the soon-to-be-vacant L.S. Ayres stores at Castleton Square and Greenwood Park malls, clearing the way for development of a collection of smaller stores and restaurants, sources familiar with the plans say. “There have been numerous site plans circulated showing redevelopment with the existing structures removed,” said Bill French, a local retail broker with St. Louis-based Colliers Turley Martin Tucker. Mark Perlstein, a partner with The Linder Co., an Indianapolis-based…

ABDUL-HAKIM SHABAZZ Commentary: Enough of this Godly grandstanding

March 6, 2006

I will freely admit that, while I am not the most religious person in the world, I don’t think God would mind if I offered Him another c o m m a n d m e n t : “Thou shall not grandstand and use my name in the process!” I think that advice would well suit some members of Indiana’s congressional delegation, or at least two of them: Reps. Dan Burton and Mike Sodrel. The two, along with State…

Hotel firm investing $30 million by stadium: Dora Brothers specializes in properties on the fringes

March 6, 2006

The downtown hotel operated by Dora Brothers Hospitality Corp. is unlikely to be confused with the towering convention hotels that sit, literally, on the other side of the tracks. While behemoths like the Westin, Marriott and Hyatt boast bustling restaurants, gleaming lobbies, meeting facilities and an attached walkway to the Indiana Convention Center, Dora’s modest Best Western Hotel offers little beyond clean, comfortable rooms, continental breakfast and a short walk to the heart of Indianapolis. Fishers-based Dora Brothers, however, is…

Walker, Aprimo kick-start 2006 office leasing: Meridian corridor in Carmel remains hot spot

March 6, 2006

A little more than two months into the new year, deals destined to be among the largest office leases of 2006 are coming together on the far-north side. Two big tenants are headed for speculative office buildings under construction by Duke Realty Corp. and Lauth Property Group Inc. Software maker Aprimo Inc. will nearly triple its office space at Duke’s Parkwood Crossing when it moves into 42,400 square feet at Nine Parkwood at 96th Street and College Avenue. Aprimo, housed…

STATEHOUSE DISPATCH: Senate doesn’t hesitate to check House, governor

February 27, 2006

Why do we have a bicameral legislature, with four-year terms for senators and two-year terms for House members? Because, as George Washington reputedly told Thomas Jefferson, the framers created the Senate to “cool” House legislation, just as a saucer was used to cool hot tea. We’ve just seen evidence of this, and also of another important phenomenon, one that reminds us of just how separate our branches of government truly are. We recently mentioned how the “adults” in the Senate…

Clarian sizing up south side: Agreement with Morgan Hospital could lead to development projects in St. Francis’ back yard

February 27, 2006

The largest hospital network in Indianapolis will start stretching its reach once again next month, this time south of town, where it could challenge the dominance of St. Francis Hospital & Health Centers. Clarian Health Partners is embarking on a five-year development agreement with Martinsville’s Morgan Hospital & Medical Center that could place more building projects on Clarian’s already crowded construction agenda. The two systems plan to focus their relationship on improving patient care and research, but representatives of both…

Ethanol’s secret: Highly touted alternative fuel needs tax subsidies to survive

February 27, 2006

State and local leaders have been crowing about how ethanol plants will bring more jobs to Indiana and put more dollars in the pockets of corn farmers. If that prospect isn’t enough to make votecoveting politicians and corn farmers giddy, General Motors Corp. started singing ethanol’s praises this month in TV ads. Joyous motorists frolic under blue skies-all thanks to ethanol’s promise of cleaner air and energy independence from oil. But there’s another economic reality for motorists who use E85,…

Livable cities? Carmel ‘gets it’: Gramercy, other projects will keep city on a roll

February 27, 2006

Carmel housewife jokes went out of style years ago, but Indy’s wealthy neighbor to the north still takes plenty of heat for being uptight and plain vanilla. Too bad, because Carmel’s recent past demonstrates it’s no soulless suburb. Buckingham Properties’ proposed Gramercy development is the latest sign that Carmel’s leadership knows a thing or two about creating a livable city-even if some of its residents don’t. The Gramercy project, profiled in last week’s IBJ, drew more opposition than support at…

Retail space coming to Fall Creek Place: Restaurants, coffee shops, bookstores planned

February 27, 2006

Wayne Ashford sat in his Fall Creek Place coffee shop-Tea’s Me CafÃ© & Gifts-during a recent lunch hour waiting for customers to show up. After six months in the neighborhood, he’s been “a little disappointed” at the foot traffic through his business at the corner of 22nd and Talbott streets. While the master-planned community has won accolades for its urban design, it has failed to generate revenue for smallbusiness owners like Ashford. That may change in a hurry. Three sizeable…

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Articles

Health care developers eye their next frontier: Northeast Hamilton County offers a lucrative market

Ad firm’s new HQ shows imagination: Former school gets makeover for Young & Laramore

VOICES FROM THE INDUSTRY: Mediocre planning efforts don’t invite people to stay

BEHIND THE NEWS: Kite’s quest to fix Glendale reverberates on Wall Street

VOICES FROM THE INDUSTRY: Copyrights can help protect your architectural designs

Hearthview becomes church’s reluctant savior: Developer chooses ‘significant’ financial hit over wrecking ball

CHRIS KATTERJOHN Commentary: ‘Dallas’-like TV hit in our future?

Mooresville hospital plans next expansion: $33 million project would add emergency department, boost other service areas

City gives MSA developers another extension: Slow winter for sales center prompts 90-day delay

TAWN PARENT Commentary: Bill offers new hope for Main Street

CHRIS KATTERJOHN Commentary: Partisanship: The nemesis of progress

Ayres stores may be razed: Smaller shops likely replacements at Castleton, Greenwood

ABDUL-HAKIM SHABAZZ Commentary: Enough of this Godly grandstanding

Hotel firm investing $30 million by stadium: Dora Brothers specializes in properties on the fringes

Walker, Aprimo kick-start 2006 office leasing: Meridian corridor in Carmel remains hot spot

STATEHOUSE DISPATCH: Senate doesn’t hesitate to check House, governor

Clarian sizing up south side: Agreement with Morgan Hospital could lead to development projects in St. Francis’ back yard

Ethanol’s secret: Highly touted alternative fuel needs tax subsidies to survive

Livable cities? Carmel ‘gets it’: Gramercy, other projects will keep city on a roll

Retail space coming to Fall Creek Place: Restaurants, coffee shops, bookstores planned