Indianapolis loses two Bally fitness centers
The closures come as the parent company reorganizes and competitors pump up their local presence.
Real Estate
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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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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…
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…
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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$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.
Brenwick Realty merges with Keller Williams Realty
The merger will give Keller Williams, which entered the local market five years ago, a foothold in Hamilton County, where
Brenwick Realty has been responsible for selling property in Village of WestClay.
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.
Nora post office to close
One of the city’s busiest post office branches will close in the coming months to clear the way for a possible expansion of the Target…
$65M downtown development deal raises questions
A $65 million public-private plan for the redevelopment of a vacant downtown office building is raising eyebrows for its unusual
approach and potential risk to taxpayers. The plan calls for a private developer to acquire the former Bank One operations
center, surface parking lots and an adjacent
parking garage from a private owner for $18.5 million, then sell the 1,680-space garage to the city for $18.5 million.
Browning acquires 43 homes for $100 million mixed-used development in Carmel
Developer Brown Investments has reached terms with the owners of 43 of 49 homes in the North Meridian Heights neighborhood
in Carmel. Browning plans to demolish the homes to make way for a $100 million commercial development over 17 acres.
Masonic landmark turns 100
Masonic groups this weekend will celebrate the 100th anniversary of the Indiana Freemasons’ Hall, formerly the Indianapolis Masonic Temple, at 525 N. Illinois St. The…
More on new Nora Kroger
The Kroger-anchored development referenced below will add far more trees than it has removed, Sandor Development CEO Sid Eskenazi tells Property Lines. The project along the Monon Trail at…
Group blasts Trail ‘destruction’
Construction work on a new Kroger-anchored development along the Monon Trail at 86th Street is drawing the ire of Nora neighborhood leaders. They’re frustrated by the removal of trees and bushes along the trail by the project’s developer, locally based…
Arts vision for Virginia Avenue
A proposed $9 million project called Fletcher Place Arts calls for 56 mostly one-bedroom apartments, 8,700 square feet of first-floor retail or office space, and…
Vacant dealerships join already rocky real estate market
The owners of car dealerships slated for closure by Chrysler and General Motors face a tough environment for unloading their
real estate, but an expected onslaught of such properties has at least one company preparing to grab a slice of the business.
Spicy Pickle sued for unpaid rent at Castleton Square
Simon Property Group Inc. has filed suit against Spicy Pickle franchisee AJ Enterprises LLC, seeking more than $977,000 in
unpaid rent for a prime space at Castleton Square Mall.
Cultural Trail spurs development plan along Virginia Avenue
A local architecture firm hopes to challenge hip Mass Ave with an arts-themed development in Fletcher Place. The $9 million
project would include apartments, retail and office space.