Renderings: New look for proposed Canal apartments
A proposal more than a year in the works for an apartment tower along the Central Canal could be nearing a groundbreaking.
Cory Schouten
Articles
Homebuilders resume land development after enduring crash
Newly confident buyers seeking to capitalize on low mortgage rates have discovered there’s a scarce supply of well-maintained existing homes for sale and are turning in larger numbers to new homes.
Loss of St. Francis puts Beech Grove at crossroads
There is a mix of sadness, grief and anger in Beech Grove, as Franciscan Alliance moves the last of its inpatient and emergency operations from its nearly 100-year-old Beech Grove hospital to the new Franciscan St. Francis facility at Stop 11 Road and Emerson Avenue.
Plan envisions hot growth for downtown Indianapolis
A study commissioned by the office of Mayor Greg Ballard envisions a much more densely populated, walkable downtown core stretched by several blocks and supported by another Circle Centre mall's worth of retail and enough new office space to double the size of Chase Tower.
Group’s goal: Turn Fall Creek into a recreation destination
A partnership of north-side neighborhood groups is developing a plan to clean up and revitalize Fall Creek with a goal of reestablishing the waterway as a community asset.
Bankers Life paying $10M fine following securities probe
CNO Financial Group Inc. has agreed to pay $9.9 million to settle allegations by regulators in four states that its Bankers Life subsidiary acted as an investment adviser and broker-dealer without proper state licensing.
Developer envisions $20M farming operation to replace plant
A local entrepreneur is laying the groundwork for a $20 million transformation of a soon-to-close automotive plant into a sustainable farming operation that would raise fish and hydroponic vegetables.
Wall Street observers blast Emmis plan to ax preferred shares
Emmis Communications Corp.'s effort to strip its preferred shareholders of their rights and avoid forking over about $10 million in unpaid dividends is drawing sharp criticism from top market observers, including a columnist for The New York Times.
Finish Line launches running venture, reports strong sales
The Finish Line Inc. will partner with a private equity firm to expand its specialty running shops and develop Run.com, the Indianapolis-based retailer said Friday. The company also reported strong fourth-quarter earnings, but its outlook sent shares tumbling.
City narrows field of contenders vying to develop Mass Ave parcel
A midrise mix of apartments and first-floor retail is the most likely replacement for a 1.45-acre Mass Ave parcel occupied by the Indianapolis Fire Department.
Developer, contractors brawling over FBI construction project
The developer and contractors who built the FBI’s new $39 million Indianapolis field office, just north of Castleton Square Mall, are squabbling in court a year after wrapping up work on the project.
Apartment developer snags historic Piccadilly Place
A group led by developer Christopher Piazza has acquired the Piccadilly Apartments at 28 E. 16th St. and is planning a renovation of the 1928 building.
Roundup: Matt the Miller’s, First Watch, Village Cigar, Menchie’s, Jack in the Box
Restaurant roundup highlights: Daytime chain First Watch is headed downtown; Ohio favorite Matt the Miller’s Tavern is expanding to Carmel; and local owners are preparing to debut a new cigar and cocktail bar in Broad Ripple.
Much smaller project would fill former Venu site
A parcel of overgrown bank-owned property with a leaky roof at the southwest corner of East 86th Street and Keystone Avenue may finally be poised for redevelopment: A Wisconsin firm has the 6.4 acres under contract and is putting together plans for a retail strip, a couple of restaurants and possibly a hotel.
Apartment convenience luring would-be homebuyers
Developers are catering to nontraditional renters by building units resembling upscale condos.
Ozdemir emerges as powerhouse in Indianapolis real estate
Keystone Group, Turkish immigrant Ersal Ozdemir’s 10-year-old development firm, is orchestrating some of central Indiana’s most ambitious projects, including a $15M Broad Ripple parking garage and the $60M million mixed-use Sophia Square in Carmel.
Deal rekindles $45M downtown project
Former partners in Kosene & Kosene Development have settled a legal dispute that jeopardized redevelopment of the vacant former Bank One Operations Center downtown. Milhaus Development has until May 1 to begin construction.
Plans call for apartment conversion of 10-story American Building
The Whitsett Group and Ambrose Property Group expect to spend $7 million to $10 million to retrofit the building at 333 N. Pennsylvania St. to accommodate 72 apartments.
New restaurant roundup: Brewstone, Toppers Pizza, Ocean Prime, Wings Etc.
Several new restaurants are poised to open in central Indiana, including Brewstone Beer Co., Toppers Pizza, Ocean Prime and Wings Etc.
Fixes to historic preservation tax credits may have to wait
Fixes to the state's historic preservation tax credit program pushed by Indiana Landmarks may have to wait another year after the Indiana Senate put the brakes on a bill that garnered unanimous support from the Indiana House.