Good news for housing market?
Local homeowners tired of all the bad news about the housing market likely will be encouraged by data in a recent Fortune Magazine article. The magazine studied the correlation…
Real Estate
Articles
Fixing a crumbling canal walk
The oldest portion of the downtown canal walk could soon get a $3.2-million upgrade. The city is finalizing plans for new pavement, stairs, retaining walls, lighting and railings along…
Commentary: Let’s welcome Hilbert back
You gotta love Steve Hilbert. He conceived of an idea and had the strength and focus to achieve an extraordinary result that he sustained over a number of years. … He will undoubtedly return to the grand game of entrepreneurship. If given the opportunity, I would be inclined to invest in his next venture. -July 10, 2000 I penned the above prediction in this column on the anointment of Gary Wendt as CEO and savior of Conseco Inc. After Stephen…
Concert hall component would test demand
Entertainment is a big part of a $480 million development proposed for the south side of downtown–plans include a 3,400-seat
theater to attract the likes of Bruce Springsteen and first-run tours of Broadway shows such as “Wicked.” The question is
whether the city can support another midsize venue.
VIEWPOINT: The high cost of traffic Band-Aids
According to the article titled “Traffic Transformation?” in the Oct. 15 IBJ, the Indiana Department of Transportation is working on a roughly $600 million plan to relieve traffic congestion in the area of interstates 465 and 69. Hold on a second! What is really broken here? I contend little to nothing. Yes, roadways need maintenance and upkeep, but these roadways operate just fine. Because this area is congested at the morning and evening rush hour, the perception exists that these…
SoDo proposal faces stiff odds
If Circle Centre mall were built today, it would cost $420 million. Throw in another $60 million, and you’ve got the price
of Legends District-SoDo, a proposed mixed-use development on the south edge of downtown.
Fountain Square buildings for sale
A prime block of Fountain Square real estate is on the market. Businessman Don Swayze is asking $1.2 million for two buildings and a used-car lot he owns along Virginia…
Five-o-clock, time for bar news
An upscale martini bar and restaurant has signed a deal to take the anchor retail space at 757 Mass Ave, the luxury condo building at the southwest corner of Massachusetts and College avenues….
Student-housing tower planned
A team of local developers is hoping to build a 550-bed, 16-story apartment tower near the IUPUI campus. The $40 million project, dubbed Paramount Tower, would target the lucrative student-housing market….
Tower’s history revealed
Contractors uncovered a bit of history this week as they continued renovation work at One Indiana Square, the 36-story office tower at Ohio and Pennsylvania streets. The work revealed parts…
Solving the tax debate
Gov. Mitch Daniels has proposed capping residential property taxes at 1 percent of a homeâ??s assessed value,
rental properties at 2 percent and businesses at 3 percent.
Now state Sen. Luke Kenley says the bipartisan commission on taxes he heads will…
Catching up: Simon honored
The Simon Property Group Headquarters took top honors at Keep Indianapolis Beautiful’s A Monumental Affair awards last week. The 30-year-old contest honors the city’s best architecture, development and construction. Last year’s top…
West-side group promotes ethnic eateries: Will visitors see gems among strip malls?
The Lafayette Square neighborhood is known for its aging mall and the ongoing struggle to keep tenants there and in the surrounding sea of strip centers. But some advocates want to promote a success story: the demographic diversity that has given rise to a plethora of ethnic eateries in the area. Visitors who take a trip through some of the retail centers and outlots off West 38th Street can find the ubiquitous pizza, gyros and sushi-along with more unusual Ethiopian,…
Glut of local golf courses puts squeeze on owners: Demand has never quite met expectations
Tiger Woods, the world’s No. 1 golfer, has been great for the sport. But he has not helped attract enough players to the game here and across the country to keep pace with the numbers who are stepping away because of age. That means many local golf course owners are closing the books on another tough season. Some area owners have seen the number of rounds played decline 40 percent since 2000. Golf course values here, meanwhile, have slid about…
High-rise in works near canal
A strong demand for student housing downtown is driving a $40 million plan for a high-rise apartment tower a couple of blocks
east of the Central Canal. The developer, a partnership of Fishers-based Paramount Realty Group and Indianapolis-based Alboher
Development Co. Inc., hopes to build the 16-story Paramount Tower on a OneAmerica parking lot.
A downtown transformation
A development team is finalizing plans for a $480 million mixed-use project that calls for condos, as many as three hotels, a theater and 175,000 square feet…
Fresh Market rendering
Several people have asked about renderings of the new Fresh Market at 54th and College. The best I can do for now is this color elevation. The top image is the view from 54th Street and shows the entrance for…
New life at 71st and Binford
The once-blighted corner of 71st Street and Binford Boulevard continues to attract redevelopment attention, thanks in large part to the efforts of neighborhood group Binford Redevelopment And Growth, or BRAG. Developers plan to…
New mayor, now what?
Real estate developers today are trying to sort out the implications of a major upset in the mayor’s race. The mayor-elect, Republican Greg Ballard (pictured), didn’t reveal much about his philosophy on…
Old Builder’s Square finally leased
The empty big-box Builder’s Square near Lafayette Square Mall finally has a new tenant after sitting vacant more than 10 years. Garden Ridge, a Texas-based home-decor chain, plans to take the 110,000-square-foot…