Q&A with Isaac Bamgbose: ‘There’s definitely a need and a niche in the market that isn’t being met’
His New City Development firm’s first major project, announced in 2022, is a $300 million, 125-acre development called Hobbs Station in Plainfield.
Mickey Shuey
Articles
IU Indianapolis breaks ground on $60M science building addition
The expansion project will bring more laboratory and research spaces to the Science and Engineering Lab building at Indiana University Indianapolis.
Lawrence mattress maker plans showcase store, retail center in Fort Ben area
Foamcraft says it’s eyeing other locally based tenants for the development ranging from an ice cream shop to a coffee shop to a bakery.
USA Football certified as national governing body by U.S. Olympic Committee
The designation further cements the group’s role in roster development for the U.S. men’s and women’s teams in tackle and flag football starting with the 2028 Games, where flag will make its Olympic debut.
Fever, WTHR sign multiyear broadcast deal ahead of 2025 season
WTHR-TV Channel 13 and sister station WALV-CD are set to carry a combined 18 games in the Indianapolis television market this coming season.
Trump administration creates uncertainty regarding federal office buildings, leases
Brokers representing building owners have generally refrained from discussing the issue publicly, either because of the fluidity of the situation or because their companies carry government leasing contracts.
Hancock County officials to consider proposal for 776-acre data center campus
Shelbyville-based Surge Development LLC is asking for a zoning change and variances to develop a data-center project with a first phase containing about five main buildings, as well as numerous electrical, administrative and cooling facilities.
Pacers owner announces new name for Noblesville-based G League affiliate
The team has been known as the Mad Ants since it was launched in Fort Wayne in 2007 as part of the NBA’s then-named D League, but the rebranding gives it a name Bobby “Slick” Leonard would have admired.
Fishers developer planning $60M apartment project on near-south side of Indy
The Annex Management Group Inc., which specializes in student and moderate-income housing, plans to earmark units for individuals and families making up to 60% of the area’s median income.
Indianapolis set to host 10,000-plus for national gathering of beer brewers
More than 550 vendors are set to showcase their products at the Craft Brewers Conference and BrewExpo America, but experts told IBJ the conference goes far beyond the walls of the Indiana Convention Center.
Fever popularity drives up demand, ticket prices
Indiana Fever games have become arguably the hottest tickets in town, and experts say demand will likely continue to increase with the offseason team rebuild.
D.C. firm spends $50M to acquire Canal-adjacent luxury apartments
A representative for the buyer said that Indianapolis’ rank as one of the best markets in the country for rent growth—that is, increases in rent prices—played a key role in the decision to buy Cosmopolitan on the Canal.
Fishers Freight pro football team pushes for sellout of home debut
Central Indiana’s new professional indoor football team began its inaugural season Saturday with a 41-29 road victory against the Northern Arizona Wranglers.
City commission approves plan to explore redevelopment of former Indiana Women’s Prison site
City officials hope a partnership with Urban Land Institute will help cultivate redevelopment ideas that are feasible for the site and beneficial for the east-side neighborhood.
Hendricks closing southern block of Circle Centre Mall as it preps for $300M first phase of revamp
The closure isn’t a signal that construction is formally underway. Rather, it allows the developer to conduct investigatory and pre-construction work, including a complete structural analysis.
Photo gallery: See inside the $61M overhaul of the IMS Museum
The museum is set to reopen following a year-and-a-half-long closure during which the building was essentially gutted, updating technical systems and revamping exhibits.
Making March Madness happen involves planning, coordination
There’s a method to the madness that is the NCAA Division I men’s basketball tournament—and it relies wholly on the collective involvement of thousands of NCAA and university staffers, contractors, local organizers, venue workers and volunteers.
Lucas Oil sells Indianapolis-based motorsports TV network
MAVTV has been owned by Lucas Oil Co. since 2011. The network and its new mobile application are expected to broadcast a combined 300 or more live races this year.
Airport considering nearly $140M upgrade to baggage handling system
Airport officials are close to moving forward with the development and installation of a new luggage system at Indianapolis International Airport as part of an ongoing effort to enhance the facility’s security and efficiency.
Hyatt Place, Bar Louie planned for Intech Park in $15M office building overhaul
While the exterior of the Intech Two building will remain largely the same, Indianapolis-based Ghoman Group plans to gut the interior to create a 140-unit hotel accompanied by a restaurant and conference center.