Articles

Steak n Shake sales, traffic rise

Steak n Shake Co. yesterday reported big increases in customer traffic and same-store sales for its fiscal third quarter,
which ended July 1. Customer traffic rose 13.4 percent and same-store sales jumped 5 percent in the quarter compared to the
same period a year ago, it said in a brief Securities and Exchange filing.

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Keystone Construction plans Madison Avenue retail center

A local developer is planning a retail strip center along Madison Avenue just south of downtown in a neighborhood that’s been
begging for investment for years. The plans by Keystone Construction Corp. call for a 25,000-square-foot retail
center at 1400 Madison Ave., across from Sisters’ Place Restaurant.

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Madison Avenue retail planned

A local developer is planning a retail strip center for a run-down parcel along Madison Avenue south of downtown. The plans by Keystone Construction Corp. call for…

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Preview of $30M project

Check out these fresh renderings of a $30-million student housing project planned for Indiana Avenue near
IUPUI. The plans by Trinitas Ventures of West Lafayette call for 250 apartment units at 1201 Indiana Ave,
between Montcalm and Milburn streets south…

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Preview of $30M project

Check out these fresh renderings of a $30-million student housing project planned for Indiana Avenue near IUPUI. The plans by Trinitas Ventures of West Lafayette call for 250 apartment units at 1201 Indiana Ave, between Montcalm and Milburn streets south…

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Around town restaurant roundup

Several tasty nuggets today:
Iozzo’s Garden of Italy is slated to open July 17 along Meridian Street just south of Shapiro’s and Greek
Islands, in the former home of Leland’s and Cafe@Ray. The…

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Panera plans outdoor dining

Panera hopes to include sidewalk and atrium seating for its new restaurant under construction at Claypool
Court. The bakery cafe, which is taking second-floor space next door to Weber Grill, has asked…

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So long, SoDo

The owners of a 1.3-acre parking lot southeast of Meridian and South streets have put the property up for sale, apparently putting an end to the dream…

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Receiver sale for CityView

A 20-story apartment tower in midtown Indianapolis is being offered in a receiver sale for about $42,000 per unit, about a third less than the…

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Clean air strategy: Some nightspots opt to tighten smoking rules

Coaches Tavern, MacNiven’s Restaurant and Bar, and The Jazz Kitchen are among Indianapolis bars that recently limited or banned
smoking. Those establishments join a short list of bars that already buck the trend in Indianapolis. Smoking in public places,
including restaurants, has been banned in Marion County since 2006, but it’s still OK to puff away in places that don’t admit
minors.

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@propertylines

Want more frequent updates? You can now follow Property Lines on Twitter. Get the latest real estate nuggets at twitter.com/propertylines.

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Magazine touts Woodruff Place

The magazine This Old House has named Indy’s Woodruff Place as one of the country’s 51 best places to buy an old home. The neighborhood…

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Housing gridlock

Itâ??s old news that houses arenâ??t selling. But did you realize the situation is so bad that migration around
the country has all but stopped?

Thatâ??s what Ball State University economist Mike Hicks and a colleague at the Mackinaw Center for…

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Bally Fitness locations to close

Two local Bally Total Fitness locations will close today as part of the parent company’s reorganization under Chapter 11 bankruptcy. Gyms along U.S. 31 in Greenwood and behind…

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Property Lines on Twitter

Want more frequent updates? You can now follow Property Lines on Twitter. Get the latest real estate nuggets at twitter.com/propertylines

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$65M development deal would cost Capital Improvement Board

The Capital Improvement Board could be forced to give up one of its most profitable assets so the city can pull off a $65-million
public-private downtown development deal. The city has agreed to help a developer revitalize the vacant former Bank One operations
center in part by acquiring an adjacent
parking garage for $18.5 million.

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EDITORIAL: Project near MSA may be worth the risk

The city has unveiled a dramatic plan for new housing and retail development to revitalize the old Market Square Arena site.
Despite some shortcomings, the project deserves a chance to give the stagnant area a boost.

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