Developer pulls trigger on $50M logistics project near I-65
The new owner of the site is bullish enough on the Indianapolis market to start development of the 1 million-square-foot building without having a user signed for the space.
Mason King
Articles
Big gymnasium in downtown corporate campus to be demolished
The owner of the 40,000-square-foot gym says upgrading the facility would cost tens of millions of dollars, and that the cost to maintain it is greater than the property’s value.
Shore Acres apartment complex by Broad Ripple set to expand
The owner of the long-standing project on the Monon Trail has a deal in place to take acreage next door for more units as apartment development heats up in the heart of Broad Ripple.
Fast-growing Garrett to build $20M Greenwood apartment complex in own back yard
The site for the 180-unit project is somewhat unusual—inside a business park that includes office buildings, a hotel, a Goodwill outlet store and the headquarters of The Garrett Cos.
Drury plans to demolish Caribbean Cove hotel/water park, build new inn
The mammoth hotel and conference center abruptly closed last year, leaving a huge hole in the Michigan Road corridor south of I-465. Drury Hotels wants a tax break from the city for its plans to fill it.
Homebuilder snags stables tucked away on north side for subdivision
Westport Homes has made a rare find: 33 acres of largely undeveloped land on West 64th Street in Washington Township. Until July, it was the home of Grandview Stables for more than six decades.
Local firm sells Meridian Street office complex for $37M after shoring up space
Ambrose Property Group acquired the tired and mostly vacant downtown complex out of receivership in 2014 and embarked on a $20 million renovation.
IBJ Podcast: Park debuts with perch over two interstates
It took Tom Battista five years to get approval from the city, state and federal governments for The Idle, and just a couple months to build the micropark above the I-65/I-70 south split.
Big seniors-only apartment complex slated for north-side neighborhood
Sandwiched between homes to the south and commercial development to the north, the $19 million proposed project sparked concerns from nearby residents about its height and density, as well as its impact on drainage and traffic.
Husband-and-wife team rehabbing former hospital as apartment building
Justin Stuehrenberg and Katherine Bannon bought the 77-year-old brick edifice in the emerging Bates-Hendricks neighborhood for a song and completely gutted it. The new apartments will be available for lease next month.
Lamey admits using ‘inappropriate word’ before retiring as Colts announcer
In the week before announcing his retirement as the radio play-by-play announcer for the Indianapolis Colts, broadcaster Bob Lamey used a racial slur while telling a story in the presence of a black radio station employee, according to a media report.
Educator Eugene White to retire as president of Martin University
White, a former superintendent of Indianapolis Public Schools, was hired in 2013 to put the university on surer footing. The black liberal arts college on the city’s east side had seen a string of presidents come and go since the retirement of its co-founder in 2007.
Southport location of Cheeseburger in Paradise goes on permanent vacation
The chain founded by Jimmy Buffett had as many as 23 locations in 2012. On Tuesday, its website counted only two after closure of the south-side eatery.
Health officials urge diners at downtown restaurant to get checked for hepatitis
A food worker at the restaurant tested positive for the virus and might have infected customers on Aug. 6, according to the Marion County Public Health Department.
Historic downtown office building to receive $15M renovation as hotel
Located less than two blocks from Monument Circle, the 120-year-old building could reopen as early as 2019 as a millennial-friendly Aloft property.
Indy-area YMCA chief to retire after period of vast growth
Over Eric Ellsworth’s tenure, membership has grown from 63,000 to 113,500, and the organization’s annual budget has swelled from $30 million to $55 million.
Upland planning big brewery, restaurant project in heart of Fountain Square
The 13,000-square-foot facility is slated for the site of a former discount retailer, located a block east of the center of Fountain Square’s resurgent commercial and cultural districts.
North-side Italian mainstay serving up second restaurant in Yard at Fishers project
The 3,800-square-foot restaurant will maintain much of the menu of the original but add Neapolitan pizza, flatbreads and other elements suitable for lunch patrons.
Burger Study nixed in Fishers in favor of Harry & Izzy’s-style grill
The restaurateur behind St. Elmo Steak House is pivoting on plans for a Burger Study on 116th Street and instead intends to develop a more upscale, American-grill concept that would be unique to Fishers.
Second scooter firm rolls out electric rides in Indianapolis in less than two weeks
Lime follows electric scooter company Bird, which entered the Indianapolis market on June 15 by dropping its dockless scooters downtown, in Irvington and along Massachusetts Avenue. City officials are working on developing rules for such devices.