Indianapolis Development News 2

[cwilson758]

Originally Posted by KM1410

did they say who the developer for the project was?

It doesn't give a contractor or builder, just the petitioner, Design Build Concepts of America.

[shane453]

Originally Posted by jacerw99

There is so much potential there (a few old warehouses to convert to lofts), and the proximity to the Canal could be a great selling point. Indy's on the move!

I didn't know Indianapolis had a canal. I'm surprised you haven't already seen major development along the walkway; it's very beautiful. OKC installed an expensive canal in the middle of a mostly abandoned warehouse district downtown and it was the major contributor to an economic revival of the area into an entertainment supercenter for the city, and recently even a residential hotspot. Maybe as more people consider the canal area in Indy, it will see more of the wildfire of development and skyrocketing property value that we have seen in OKC. (Or maybe it has already seen this? I don't know much about it...)

[Indyman]

Um, from what I know (which isn't much) the canal is a place that people use for recreation and want to live. I also belives it provides entertainment as well. I would say alot but I'm really not a local so I couldnt tell you.

[KM1410]

16 luxury condos still available

* Construction project: 757 Massachusetts Ave.
* Developers: Beilouny Luxury Properties.
* Total number of units: 24 condominiums.
* Timetable: Construction began in October 2004 and completion is expected by the end of 2006.
* First move-ins: Feb. 1, 2006.
* Features: Hardwood floors and granite countertops, stainless steel appliances, underground parking and views of the Downtown skyline
* Selling price: $290,000 to $1.2 million.
* Availability: 16 condos still for sale.

http://www.indystar.com/apps/pbcs.dl...=2005510270404

[jacerw99]

Originally Posted by shane453

I didn't know Indianapolis had a canal. I'm surprised you haven't already seen major development along the walkway; it's very beautiful. OKC installed an expensive canal in the middle of a mostly abandoned warehouse district downtown and it was the major contributor to an economic revival of the area into an entertainment supercenter for the city, and recently even a residential hotspot. Maybe as more people consider the canal area in Indy, it will see more of the wildfire of development and skyrocketing property value that we have seen in OKC. (Or maybe it has already seen this? I don't know much about it...)

There is already plenty of development along the canal... the area I'm talking about is two or three blocks away from the canal and extends many blocks to the north and south. I do wish the canal had more commercial development (similar to Bricktown) but all that type of development (and, with due respect to OKC, a lot more) is downtown. There are a couple dining/commercial projects in the works, though, for the canal. So hopefully the trend will continue.

[cwilson758]

Originally Posted by shane453

I didn't know Indianapolis had a canal. I'm surprised you haven't already seen major development along the walkway; it's very beautiful. OKC installed an expensive canal in the middle of a mostly abandoned warehouse district downtown and it was the major contributor to an economic revival of the area into an entertainment supercenter for the city, and recently even a residential hotspot. Maybe as more people consider the canal area in Indy, it will see more of the wildfire of development and skyrocketing property value that we have seen in OKC. (Or maybe it has already seen this? I don't know much about it...)

OH...Indy's canal is fantastic and there isn't any available land along it. There are tons of apartments and offices along the canal, just not the level of restaurants and retail that you would expect. They are currently renovating a structure that will have two restaurants and an ice cream place. I trhink that willl bring the total to about 5 or 6.

[KM1410]

An interesting chart I found in a recent article in a Kansas City newspaper. It shows how well the convention center must be managed. Even though opponents point out the glut in convention space in the country, the graphic is a good indication that Indy will easily find conventions to absorb the space.

[cwilson758]

WOW! Indy does VERY well for itself with regards to revenue generated from conventions!

What does the * mean next to Indy? I can't read it.

[Indyman]

Oh wow. I nver would have expected that. So does that mean that Indy has room to spend much more?

[Indyman]

I was just wondering...you know how some people can do renders with new buildings in an existing skyline? Like what they did for that condo in Omaha. Could somebody do that for One Market Square in the Indy? I odn't think I've seen it before.

[cwilson758]

Originally Posted by Indyman

I was just wondering...you know how some people can do renders with new buildings in an existing skyline? Like what they did for that condo in Omaha. Could somebody do that for One Market Square in the Indy? I odn't think I've seen it before.

I have wanted the same. I am no good with photoshop, so one of you who could do this, please "shop" the One Market Square building into our skyline...it is to be the same height as the City-County Building.

[NaptownBoy]

cwilson that asterisk next to indianapolis says INCLUDES DOME, they're referring to the RCA Dome as well as the convention center

[NaptownBoy]

Originally Posted by cwilson758

WOW! Indy does VERY well for itself with regards to revenue generated from conventions!

What does the * mean next to Indy? I can't read it.

cwilson the asterisk next to indianapolis refers to the words INCLUDES DOME, they're referring to the RCA Dome as well as the convention center. Still, Indianapolis is doing one helluva job attracting conventions, damn!

[cwilson758]

Originally Posted by NaptownBoy

cwilson the asterisk next to indianapolis refers to the words INCLUDES DOME, they're referring to the RCA Dome as well as the convention center. Still, Indianapolis is doing one helluva job attracting conventions, damn!

ahh...makes sense as the other * cities also have domes. I have heard that Indy is considered a Tier 1 convention city and the other cities listed I would certainly consider to be, is that what this is implying? I ask this because over in the Louisville thread it was inferrred that Indy and Louisville share the same leve or "status" in terms of conventions. My immediate reaction was that Indy was on a higher level (duh, as with everything else ), but I don't know too much about convention traffic other than what is reported here locally.

[NaptownBoy]

i know that here in indianapolis our top events, the 500, 400, black expo, and colts games certainly contribute to our popularity as being a convention hub. It's almost like we attract the conventions because we're so popular. personally i would not be surprised if naptown was ranked as a tier 1 convention center, and here's something interesting: indianapolis earns more revenue from our conventions that many cities even if they COMBINED conventions! Notice the absence of Louisville from the list.
Obviously Indy and Louisville arent on the same level as far as conventions, they may be a tier 3 compared to us, but if Louisville cant compete with Kansas City, aint no way in hell they can compete with Indianapolis!


Shit, maybe next time a fleet of convention buses bypass a certain river city on I-65 headed for a city 200 miles north...

[cwilson758]

Downtown workers in dire need of a stapler, copy machine or comfy new desk chair won't have to trek to suburbia much longer to grab those office supplies.
Staples Inc., the office supply chain known for its suburban saturation, is going urban with plans to open a Downtown store next month -- something it has done in five other major metro areas.

Staples Inc.

What: Leading seller of office supplies through its Staples and Staples Express stores.

Ticker: SPLS.

Headquarters: Framingham, Mass.

History: First store opened in Brighton, Mass., in 1986.

Market: 1,462 retail stores in the United States and Canada, and more than 254 stores in Europe. Staples also has a presence in South America through its acquisition of Officenet, an e-commerce office products delivery business, and in Asia with its joint venture with OA 365 office products supplier.

Local market: Four Indianapolis locations; stores in Plainfield, Fishers and Noblesville.

Executive: Ronald L. Sargent, chairman, president and chief executive.

2004 sales: $14.4 billion.

Employees: 65,000.

Source: Staples, Hoover's Company Records

-- Compiled by David Savka

Related news from the Web
Latest headlines by topic:
• Office Equipment
• Retail
• Staples

Powered by Topix.net

The Framingham, Mass.-based company confirmed this week it will open a Staples location at 10th and 11th streets, but declined to give details.
The opening, slated for late December or early January, according to Staples spokesman Owen Davis, will mark Downtown's first big-box retailer. The average size of a Staples store is about 24,000 square feet, but downtown locations tend to be 6,000 to 10,000 square feet.
Real estate analysts say it's a bold move for any retailer to descend on the center city, but Staples said it did plenty of research before choosing Downtown Indianapolis.
"Certainly, we want to move to places where there are small-business customers and office customers," Davis said. "We want to make it easy for them."
Downtown has a ready-made customer base for Staples with more than 127,000 workers in need of office supplies, furniture and technology. The residential base of Downtown also has exploded, with more than 20,000 people living there.
"It will become an anchor that will help serve both parts of the market -- the office workers and the residents," said Terry Sweeney, a vice president with Indianapolis Downtown Inc. "This is great for Downtown in that it's one of the needed services."
Sweeney, who works with developers and incoming retailers in the planning stages, said Staples will locate in the same center as the recently closed Save-A-Lot at 617 W. 11th St.
No full-service office-supply store is located Downtown, though the area is home to a FedEx Kinko's and Arvey Paper & Office Products, located minutes from the planned Staples store.
"I guess competition is always a good thing," said Matt Humphrey, operations manager for Arvey, located at 1021 N. Pennsylvania St.
Humphrey had not heard about Staples' plans for Downtown, but said he is not worried.
"We've been here since 1978, so we have very loyal customers," he said. "I'm pretty sure we can beat them in price."
Staples is a giant in the office products market. With $13.2 billion in sales annually and nearly 1,700 stores worldwide, Staples in recent years has descended on urban areas to capture a new market.
In addition to the planned Indianapolis store, Staples has downtown locations in Boston, New York, Philadelphia, San Francisco and Washington.
Many of those stores are downsized versions of its superstores called Staples Express.
According to the company's Web site, these stores "are located in densely populated downtown markets," which means it's possible the new Downtown store will be a Staples Express.
The smaller stores offer nearly 6,000 office products, as well as full-service copy centers.
Regardless of the size or scope of the store, Tim McKinney simply adds it to his list of competitors.
"They're competition, but not any more than the store at 38th Street or OfficeMax," said McKinney, with IDC Business Solutions, the store at 3642 W. 16th St. that sells big-ticket business equipment like copiers and fax machines, as well as smaller products like staplers and pens.

[KM1410]

Originally Posted by NaptownBoy

cwilson the asterisk next to indianapolis refers to the words INCLUDES DOME, they're referring to the RCA Dome as well as the convention center. Still, Indianapolis is doing one helluva job attracting conventions, damn!

Yeah, the asterick refers to the RCA Dome. When I first saw that it included the RCA Dome, I thought the numbers included revenue from colts games and other athletic events at the dome. But I did some quick math, and looking at the revenues for St Louis and Atlanta, there is no way the numbers include sporting events.

Also, the absence of Louisville or any city from the list means nothing at all. There are many major convention cities that are not on that list.

[jacerw99]

Good news for the downtown workers and residents like me! No more driving out to 38th Street for me; at least for computer needs.

What do you fellow Indy forumfolk think about a downtown Target? I don't think that's in the works or anything, but I've heard quite a few fellow downtown residents say they are dying to have a Target within walking distance. I'm sure I would shop there but on the other hand I have mixed feelings about it. Thoughts?

[cwilson758]

Actually Jacer, one is in the works. Kosene and Kosene, who are the main developers in downtown living right now, are working on a deal for the Coca-Cola facility on mass Ave. They want to convert a large portion of the building to lofts, but they are also in negotiations with Target to put one of their urbanconcepts in the building!

[jacerw99]

Originally Posted by cwilson758

Actually Jacer, one is in the works. Kosene and Kosene, who are the main developers in downtown living right now, are working on a deal for the Coca-Cola facility on mass Ave. They want to convert a large portion of the building to lofts, but they are also in negotiations with Target to put one of their urbanconcepts in the building!

That's really amazing... I had no idea.