The popular island-themed restaurant along East 96th Street closed Friday, surprising many customers. A spokesman for Orlando-based Darden Restaurants said the company closed 9 restaurants that weren’t in the best locations or performing…
Property Lines is hearing the owners of First Indiana Plaza are considering a sale of the struggling skyscraper. The 425,000-square-foot building is owned by New York-based Crown Properties Inc. The building’s general manager, Julie Clements, said today she has no…
Could it be? A long-promised Ritter’s Frozen Custard and a coffee shop apparently are on schedule to open later this month on the north end of the Downtown Canal. The $3.5-million renovation of…
A development team that bought 115 acres at the former site of Central State Hospital may soon buy another 33 acres from the city, at a cost of $223,500. Sound cheap? Mike Higbee, president of Development Concepts Inc. and one…
A few hundred of the nation’s most influential real estate developers, brokers and investors are in town this week for meetings at the Hyatt. The CCIMs, or Certified Commercial Investment Members, are meeting…
This is one of four proposed projects for an acre of state-owned land along the canal between Ohio and New York streets. What do you think? Property Lines has been asking for…
What better way to wake you up on a rainy Thursday than with a little coffee news? Here goes: Borders plans to transform its coffee shop and cafe downtown into a Seattle’s Best Coffee, which is set to open in…
Indianapolis Downtown Inc. Director of Real Estate Terry Sweeney doesn’t normally play favorites. But it’s a different story with Capital Grille. He’s dined at the new restaurant attached to the Conrad Indianapolis four nights in a row. Property Lines got…
How strong is it? The owners of a new BARcelona Tapas restaurant think it’s strong enough to overcome a risky downtown location at the northeast corner of Delaware and Ohio streets. The…
The real estate community has been buzzing of late about the intrigue surrounding a new FBI field office planned for Castleton. What do you think? As IBJ reported, the U.S. General Services Administration awarded the $38-million project to a Missouri-based…
Even if you haven’t driven North Keystone lately, you know the big story here is Glendale. Fences are up and demolition has begun. Locally based Kite Realty Group is transforming the enclosed…
Development plans could be in the works for another large piece of land along Michigan Road. The 18-acre North Park Masonic Lodge property at 5555 Michigan Road is under contract. The lodge is selling the property without a broker. In…
The city and two local developers still are working on an agreement for a $250-million hotel complex including a JW Marriott near White River State Park. The parties had hoped to reach agreement by April 1. There are no hangups…
Has anyone heard who might be interested in buying the Canterbury Hotel? IBJ reported this week that the owners of the 99-room property are negotiating to sell. You can read our story here. Sources are telling Property Lines…
We’ve officially launched IBJ’s first blog. As you can see, it’s called Property Lines. The topic is real estate. The idea is to create a forum for real estate enthusiasts. I hope you’ll help me make that happen, by sending…
One of the toughest tables to land at the new Harry & Izzy’s restaurant that opens today may be the spacious booth between the kitchen and the bar, at least once people find out it’s now known as Peyton’s Table….
The Carmel Redevelopment Commission recently voted unanimously to accept Keystone Group’s proposal to redevelop an entire city block in Old Town Carmel. The four-story mixed use development will include 150 luxury apartments, high-end shops and restaurants plus a…
More Mini-Medical Clinics Coming. A Tennessee-based company that operates small healthcare centers in nine states plans to open so-called Little Clinics in at least three local Kroger grocery stores. It filed plans this month to open the roughly 300-square-foot clinics…
Conservative groups are threatening to boycott the hundreds of malls owned by locally based Simon Property Group over the company’s decision to not renew the lease for a kiosk called Free Market Warrior Concord Mills Mall.
kiosk is essentially a billboard,…
