New Hotel/Water Park Could be added to Anson in Zi... by Mike Taylor

A new water park/ hotel could the newest addition to the madness surrounding the Anson project in Zionsville.  Indianapolis based Street Corner group accidentally announced on their website that its Boone Crossing Development at the corner of I-65 and S.R. 334 would include a 250 room hotel with a water park.  This “announcement” is not official yet and no hotel chain has been announced but they do expect the details of the project to be figured out in 2 – 3 months.   If this does happen, the water park and the rest of the project could be complete as soon as 2009.

Since the Medco announcement, the Anson project has really taken on a new life.  It seems every few weeks some new big announcement come out about more and more people and...

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267 Views, 2 Comments.

Controversal Carmel Tax Bill by Mike Taylor

A controversial bill in the state senate could allow tax dollars from the West Clay development siphoned over to pay for part of the Arts Center.  By establishing West Clay as economic developing area, the city could use TIF (tax increment financing) to allow the city to capture these tax revenues and pay for public improvements.  Carmel would like to get $1 million - $3 million from the Village of West Clay retail area to help pay for the Performing Arts Center. 

I am actually quite torn on this one.  West Clay is in Carmel and they will benefit from the new Arts Center at least indirectly.  The question is does this put an unfair tax burden on the residents and businesses in West Clay?  Could that money be used to develop more or...

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232 Views, 4 Comments.

Cabela's Put on Hold in Greenwood by Mike Taylor

The much anticipated and much exalted construction of the sporting goods store Cablea’s in Greenwood has been put on hold for now.  This comes as a shock to everyone including many investors who used Cabela’s as an impetus to invest in the Greenwood real estate market.  Cablea’s cited the national economic downturn as a reason for halting construction on this and other stores across the nation.

When Cablea’s announced it would be building a store in Greenwood, it sparked a flurry of commercial real estate activity.  Several hotels and other commercial real estate committed to start new projects once the announcement was made.  It now remains to be seen what will happen with some of these projects.   

So the future of Greenwood along...

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185 Views, 0 Comments.

Carmel Real Estate - Gramercy Put on Hold by Mike Taylor

One of the largest and most expensive real estate projects in the Indianapolis area has recently been put on hold.  Gramercy was slated to be a new $500 million mixed use project in Carmel with singles family homes, condominiums, town homes, apartments, offices and retail and was to begin this spring.  The project now has no timetable and could be shifted to strictly retail and commercial.  Developers are citing a slowing in the housing the market and Carmel’s decision to add roundabouts on Keystone as the main factors for their decision.
 

One could look at this news in one two ways: 1) This is terrible news and even more proof that the housing economy is sluggish or 2) This is good news and this is a wise business decision as the...

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New Indianapolis MLS Search Finally Here by Mike Taylor

Well after 2 months of development and many hang ups the new Indianapolis MLS search is now unleashed on the website.  It has been up for a few weeks and seems to working great.  The beautiful thing about this is that it is 100% customizable so if a client wants to see a new feature or a new tool, it can be done.  So take a look and let me know what you think.  I am always looking for feedback and suggestions to make it better. 

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142 Views, 1 Comments.