Developer plans massive Midwest distribution hub for Sephora
The 746,672 square-foot Sephora facility is a build-to-suit project that will occupy the entire acreage assembled by VanTrust for Avon Landing’s second phase.
Mickey Shuey
Articles
TWG seeking tax break on $73M apartment complex planned near Lucas Oil Stadium
As part of the request, TWG is pledging to make 41 of the 270 units available to individuals and families making up to 70% of the area’s median income.
Pure Development co-owner sues partner, seeks liquidation of company
Indianapolis-based Pure Development has developed more than 35 real estate projects nationally and has a contract with the Indiana Economic Development Corp. to lead efforts on the LEAP Lebanon Innovation and Research District.
City open to additional funding for Old City Hall project after major budget increase
Indianapolis-based TWG Development LLC now says it will cost as much as $264 million to overhaul the historic building and build a 32-story apartment and hotel tower on a lot directly to its north—an increase of nearly 90% from the original budget.
Caitlin Clark-Gatorade ad explores new heights on JW Marriott hotel
The 34-story hotel’s facade has frequently been used to promote numerous local events and teams, but the 205-foot-tall Clark graphic for Gatorade marks the first obvious product advertisement on the building.
American Legion picks Indianapolis for 2029 national convention
Indianapolis has hosted the organization’s national convention four previous times, most recently in 2019.
Owner of 27-story downtown apartment tower faces $101M foreclosure lawsuit
Since it was completed in 2018 at a cost of $120 million, the tower has become one of the city’s priciest residential properties, with an average rent of $2,365 per month, or $2.58 per square foot.
FAQ: What’s the deal with a potential Indianapolis MLS ownership group?
While speculation abounds on the potential involvement of the Simon family, in particular, Indianapolis Mayor Joe Hogsett has been silent about his knowledge of who might be part of the deal.
WWE deal stems from long-simmering talks with Sports Corp.
The two organizations reached an agreement announced Monday that will bring a trio of top-rung WWE events to Indianapolis over the next eight years.
City views soccer stadium as catalyst for growth
With funding plans for a proposed soccer stadium clearing another hurdle this week, Indianapolis leaders, developers and brokers are beginning to evaluate the impact such a project could have on the near-east side of downtown.
City wants to jump into MLS stadium talks this summer
The city and the Capital Improvement Board of Marion County in the coming weeks will convene with the prospective MLS investor group to begin early design work for a stadium on the downtown heliport property.
NBA All-Star extravaganza generated more than $400M in economic impact for Indy, study shows
The study conducted by Temple University’s Sports Industry Research Center determined the Feb. 14-18 event resulted in $290.7 million in direct and indirect spending, as well as more than $112.6 million in earned media value.
Hogsett gets OK from city commission on plan to fund soccer stadium
The approval of the taxing district now allows the Hogsett administration to request authorization from the State Budget Committee—a step required because the funding plan relies on up to $9.5 million per year in state taxes.
City’s strategy for excavating graves on site of Henry Street bridge project shifts to archaeology-first approach
The city has hired a Canadian company that helped relocate remains during the Indianapolis International Airport terminal project.
UPDATE: Economic impact of WWE events in Indy projected at $350M
The deal is expected to run at least eight years and will include Royal Rumble in 2025, WrestleMania, which has taken place in Indianapolis only once before in 1992, and SummerSlam.
Photo Gallery: Final night of swim trials at Lucas Oil Stadium
The U.S. Olympic Swim Trials in Indianapolis set an indoor attendance record and saw 10 swimmers with ties to Indiana qualify for the Olympics in Paris. Here’s a look:
Swim trials attendance continues to break records, USA Swimming CEO says
The 2024 U.S. Olympic Swim Trials in Indianapolis have already set two single-night indoor attendance records over the past week. Next is the overall event record set in Omaha in 2016.
Indianapolis on deck to host major WWE events, including first WrestleMania since 1992
World Wrestling Entertainment is close to an agreement with the Indiana Sports Corp. to present several events in Indianapolis over the next few years—including its flagship WrestleMania, Royal Rumble and Summerslam shows—according to sources familiar with the deal.
IU Health to lease 11 acres in Hancock County for Lifeline heliport operations
The agreement with the airport authority comes as the organization moves forward with plans to decommission the Indianapolis Downtown Heliport, where IU Health’s LifeLine transport operations for the city are based.
Keystone at the Crossing office park on the market as sector’s struggles continue
The 1.08 million-square-foot complex is expected to sell for significantly less than the $150 million it fetched in 2019, real estate sources told IBJ.