Furs, golf, fitness and Whac-A-Mole
A couple of nuggets from recent development plans:
Making Way for Venu: Another Woodfield Centre tenant is moving to make way for redevelopment. Elan Furs has filed plans to take space in Clearwater Shoppes…
Downtown
Articles
How much is this land worth?
State officials are challenging a $7-million assessment for a 2.3-acre parking lot sandwiched between the RCA Dome and Lucas Oil Stadium. The state has launched eminent domain proceedings, and the owner isn’t…
Brokerage firm buys building
A local brokerage firm that specializes in foreclosed properties is moving its headquarters from North Meridian to a 6,700-square-foot office building at 1236-1238 Pennsylvania St. Wynkoop Brokerage bought the building shown…
Deflating the Dome
Demolition crews will begin letting air out of the RCA Dome as early as next spring. Deflating and removing the Dome’s fabric roof is the first step of a five-month demolition process,…
Cultural Trail takes shape
How much will the Indianapolis Cultural Trail affect real estate downtown? What do you think of it? The $50-million bike and pedestrian path eventually will connect downtown’s five cultural districts. Funding comes…
Penn Centre at street level
Here are two street-level renderings of Penn Centre, courtesy of Browning Day Mullins Dierdorf. The first shows the Omega Building along Maryland Street, and the second is a view from Pennsylvania Street. These still are early concepts and the developers…
Drumroll, please: Buggs to open
Three dining options at Buggs Temple are scheduled to open Oct. 19. They include Tavern at the Temple, Buggs Grille and Cornerstone Coffee House. Staff training is scheduled to begin tomorrow and…
Thoughts on Ralston Square?
Here are two renderings of the proposed Ralston Square project. The $60 million South Street project, named in honor of the original planner for Indianapolis, would feature a 150-room hotel, 55 condos, a 617-space parking garage and 41,000 square feet…
Penn Centre, in color
What do you think of the latest rendering of Penn Centre? The plans, designed by Browning Day Mullins Dierdorf, call for a 240-room Le Meridien hotel, 150-room aloft hotel,…
City denies Bush Stadium reports
The city has not decided whether to tear down Bush Stadium, spokeswomen for the mayor and the Department of Metropolitan Development said this afternoon, denying news reports. WTHR reported on its Web…
Penn Centre wins approval
The Indianapolis Historic Preservation Commission gave its unanimous approval last night for Penn Centre, a massive hotel, residential and restaurant development across from Conseco Fieldhouse. The next step is to add more…
A cleaner Canal
The city has agreed to pay a Kokomo company up to $423,000 to clean the Central Canal from 11th Street to the White River. The deal with biosolids management firm Merrell Bros….
Fleeing the … suburbs?
August Mack Environmental said today it will move its corporate headquarters from Castleton to downtown’s Lexington at Meridian. The Indianapolis-based environmental consulting company plans to take 16,200 square feet in the former home…
Skewers of meat and more
A few nuggets to break up an otherwise slow day for real estate news:
All-You-Can-Eat Meat: The deal is done to bring the upscale Brazilian Steakhouse Fogo de Chão (fo-go dèe shoun, or fire…
Developers pitch Meridian Street infill
Two local developers have plans to replace downtown parking lots along Meridian Street with new mixed-use buildings. Jupiter Land Group, headed by restaurateur Rick Coombes, wants to build a five-story retail…
IPS pledge: Fence is temporary
The second- and third-floor parking levels of the Indianapolis Public Schools headquarters will remain surrounded on three sides by a chain-link fence at least until the spring, a school district official said today….
Foot Locker taking Flagstar space
Foot Locker has filed plans to open a 3,300-square-foot store at the corner of Meridian and Washington streets downtown. The space currently is home to Flagstar Bank, which plans to move to…
WFYI’s new headquarters
WFYI plans to break ground this morning on an expansion of its new headquarters building. The public broadcaster is moving into the former Vectren Building at 1630 N. Meridian St. WFYI will…
Restaurant rumblings: Brazilian
At least two more Brazilian steakhouse concepts are looking to open new restaurants in Indianapolis, brokers say. The first to debut locally, Brazilian Grill, opened a few months ago at 86th Street…
Mass Ave building for sale
The Massala Building on Massachusetts Avenue has been listed for sale. The 36,000-square-foot building is home to MacNivens Restaurant & Bar and is next door to the site of 3 Mass, a…