Because of the three-hour time difference between Indianapolis and Las Vegas, I won’t have much to say until this afternoon. I promise it’s the time difference and not that party last night at The Palms. I was working, promise. Asked…
I left Indianapolis for New York City. Flying home for holidays, I never thought I could live here again. A nice place to grow up, Indianapolis gave me those wholesome Midwestern manners, recalled whenever a New Yorker asked, “You’re not from here, are you? You’re just too nice.” Indianapolis also gave me a successful career start, circa 1982. My partners and I later sold an OfficePlus location to a group in Manhattan in 1997. They invited me to move and…
When property is scarce, mitigation becomes viable The plan to close Citizens Gas & Coke Utility’s coke manufacturing plant this year has already brought a few inquires about its reuse potential. But perhaps the biggest impact of the foundry fuel-maker’s demise will be stoking discussions over whether other environmentally scarred properties are ripe for redevelopment. Until recent years, many developers regarded any property with even a tinge of environmental contamination as if a parcel in Chernobyl. The coke plant “illustrates…
Dick Turner is looking for an entrepreneur who shares his taste for nostalgia and Big Chief cheeseburgers. For 20 years, he has dreamed of opening an updated version of the classic TeePee restaurants that served as hangouts for generations from the 1930s to 1970s. At its peak, the chain had three Indianapolis locations, each with dining rooms and curb service, on Madison Avenue and Fall Creek Boulevard and in Nora. Turner can show you the frayed legal documents that outline…
Property Lines will be on location in Las Vegas next week for the retail real estate community’s version of the Super Bowl. The annual International Council of Shopping Centers event is the nation’s…
The former Rollerland skating rink, which also once served as a car dealership, is up for sale. The 1928 building at 922 N. Pennsylvania St. is part of a block of four properties owned by Master Glass & Color Inc….
Here are some restaurant nuggets, along with a chance to win free food: The Jimmy Johns on Pennsylvania Street downtown has closed. The chain has another restaurant about a block away, at Meridian and Washington streets.Hoaglin Fine Catering plans to…
Developers may add a “green” roof to plans unveiled yesterday for a $325-million JW Marriott hotel complex. A spokesman for the development team tells Property Lines that conversations are underway about installing the environmentally friendly feature atop part of a…
A group of local investors are planning a new restaurant dubbed The Meridian in the former home of Dodd’s Townhouse at 5694 N. Meridian St. Former Ruth’s Chris Executive Chef Dan…
Downtown’s new convention headquarters hotel got a sleek new look this afternoon. The $325-million campus of hotels will include the tallest hotel in Indianapolis, a 29-story JW Marriott topped with more than…
Developers plan to unveil a significantly updated set of plans this afternoon for a JW Marriott convention hotel across the street from Victory Field. For one, the 1,000-room hotel will be taller than the 22 stories originally proposed, said Jeremy…
A $150-million luxury condo development known as Renaissance Bay will replace an apartment complex along Keystone Avenue at 78th Street. All that remains of The Landings apartments are massive piles of concrete…
A local developer is hoping to build another dense condo project in Broad Ripple along Winthrop Avenue. The proposal by locally based Page Development would bring 27 condos to 1.5 acres between Winthrop and the Monon Trail, just south of…
A high-profile local firm that quietly negotiated last fall to salvage the stalled redevelopment of the Market Square Arena
site abandoned its plans when the city decided instead to solicit new proposals early this year.
In an effort to lure new customers, more traditional banks are beginning to emulate their Internet adversaries and offer online savings accounts boasting much higher annual yields. Customers are increasingly turning to Internet banks because they offer highyield savings accounts that don’t require massive balances. First Internet Bank of Indiana, founded in 1998 by local tech entrepreneur David Becker as the first state-chartered Internetonly bank, has seen its assets grow to more than $530 million in less than a decade…
Why do trucking companies overload their trucks, when they know they’ll damage the very highways they need for their livelihoods? Why do people keep defiantly watering their lawns in d r o u g h t – s t r i c ke n areas? Why do we buy cheap goods from discount retailers when we know they were made in sweatshops? And why do employees download streaming audio and video, when they’re repeatedly warned that these things turn high-speed…
Let me know what you see. Notice a new project or for-sale sign? Leave me a comment, and I’ll try to find out what’s going on. What have you seen lately?
A two-building office and retail complex at the corner of Meridian and 96th Street will include a Paradise Bakery & Cafe and a McAlister’s Deli. Landmark Properties is developing the 45,700-square-foot project…
A development team is hoping to replace an Indianapolis Public Schools operations center on Mass Ave with up to 400 homes and 200,000 square feet of retail space. The project would encompass 11 acres and preserve an historic former Coca-Cola…
