Articles

Vacant Consolidated Building purchased by local buyers

Two local buyers are angling to revitalize a century-old, 15-story downtown landmark that has confounded redevelopment attempts since its last tenants departed in the late 1990s. Ambrose Property Group and The Whitsett Group hope to transform the Consolidated Building into 98 apartments with first-floor retail or restaurant space.

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Conrad’s top suite gets $350K fine art makeover

The Conrad Indianapolis this year completed a $350,000 renovation of its most luxurious suite, landing the 2,000-square-foot Gallery Suite on an Elite Traveler magazine list of the top 23 hotel suites in the U.S.

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Star‘s labyrinth of aging buildings complicates sale, reuse

Local real estate pros say finding a reuse for the Indianapolis Star's HQ will be tricky. The newspaper is selling its labyrinth of buildings at 307 N. Pennsylvania St., which have multiple floor levels, narrow hallways and a basement built to house printing presses.

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Revamped Pan Am Plaza on track for October debut

Workers have ripped out the old fountain and crumbling bricks of Pan Am Plaza, making way for a waterproof membrane and new stone pavers in a Kite Realty Group Trust project to stabilize the plaza until it can pull off a redevelopment.

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Fresh renderings: $23M Millikan on Mass Ave

Check out brand-new renderings of a $23 million residential and retail development planned for the land surrounding the Barton Tower apartments along Massachusetts Avenue between Michigan and East streets.

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Simon earnings

    Simon said it expects to report net income between $4.34 and $4.44 per share for the period ending Dec. 31, 2012, and funds from operations of $7.60 to $7.70. In its earning report, the company also noted that it paid the retailer J.C. Penney about $248 million to redeem the chain's partnership stake […]

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City decides on half block for transit hub

The Mayor’s Office and local mass transit leaders have reached consensus on a site for a $30 million downtown transit center. The preferred location is a city-owned surface parking lot along Washington Street between the City-County Building and Marion County Jail.

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Finish Line’s high-tech store prototype still has kinks

A prototype store launched by athletic shoe and apparel retailer The Finish Line Inc. on May 25 aims to use technology to marry brick-and-mortar to the company’s online operation. But interactive tablets that are a centerpiece of the so-called omnichannel strategy are not yet up and running.

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