Report: Indianapolis tops Midwestern cities in three-year GDP growth
Indianapolis surpassed its Midwestern peers in gross domestic product growth from 2019 to 2022, according to a report from a Washington, D.C.-based economist.
Mickey Shuey
Articles
Develop Indy unveils plan for West Washington Street corridor
Develop Indy officials are in conversations with three developers for various parcels in the corridor.
City hopes to start Union Station overpass rehabs this year, land new tenant for Grand Hall
Each street running below the overpasses—including adjacent stretches in the open air—would undergo improvements, to cut down on vehicle parking, increase pedestrian access and pay homage to historical and cultural milestones in the city’s history.
2023 Year in Review: City takes over Signia after Kite fails to secure financing
Indianapolis-based developer Kite Realty Group Trust handed reins to the project over to the city after the firm was unable to secure favorable enough interest rates on the private market to justify financing the hotel.
City eyeing big convention year, topped by five major ones
Visit Indy said the city is tracking to have more than 550 conventions, meetings and events in 2024, with many expected to be booked closer to their respective dates.
Top Indianapolis development projects to watch in 2024
While most projects, such as Indiana University Health’s new hospital, Old City Hall and Pan Am Plaza, are efforts that will take years to come to fruition, other developments will begin to see substantive movement in the new year.
Hogsett says mall redevelopment among downtown’s most significant wins
The mall redevelopment is not the largest downtown project in terms of cost. But it will elevate a vast and critical piece of real estate as more than $9 billion in other downtown projects are slated to come to completion over the next decade.
Hendricks strikes deal to acquire Circle Centre, plans $600M redevelopment
The Wisconsin-based firm behind Mass Ave’s Bottleworks District plans to spend the next decade transforming the downtown mall into an open air, pedestrian-focused campus with housing, offices and shopping.
Alcoholics Anonymous to host 2035 convention in Indianapolis with 60,000 attendees
Alcoholics Anonymous holds its event every five years. Local tourism leaders pitched the sobriety group on Indianapolis in late 2022, with representatives visiting this August.
INDOT gifting biodiverse 10-acre property to Central Indiana Land Trust
The piece of land in Hancock County known as Founders Fen is home to numerous indigenous and rare plants, including the state-endangered Canadian burnet along with the Indian plantain, queen of the prairie and the white turtlehead.
Hamilton County indoor football team to be called Fishers Freight
The Freight plans to begin home games at the new Fishers Event Center in March 2025 and will be joined in the 8,500-seat venue by the Indy Fuel hockey team by the end of 2024.
Photo gallery: Indianapolis Zoo chimpanzee exhibit set for May debut
About 20 chimpanzees are expected to be on site when the $25 million exhibit opens to the public, with the facility able to accommodate up to 30 adult apes.
Palou partners with DHL for primary sponsorship of 2024 IndyCar ride
Palou and Chip Ganassi Racing have agreed to a multi-year partnership with logistics company DHL to sponsor the No. 10 Honda car.
Oldest Catholic church in Indy plans $2.7M parish center downtown
Officials with St. John the Evangelist want to build the 2,800-square-foot facility as part of a larger $5.5 million renovation that started in 2021. They hope to finish in time for the huge National Eucharistic Congress planned for Indianapolis in July.
IU names University of Missouri vice chancellor to lead Indianapolis campus
Latha Ramchand was selected following a national search and will oversee more than 400 undergraduate, graduate, certificate and professional programs, growing research focal areas and an evolving urban campus that serves more than 20,000 students.
Warehouse drones scan codes to help track inventory
Greenfield-based Progressive Logistics and Indianapolis-based Langham Logistics are both working with Pittsburgh-based Gather AI Inc. to use drones to scan and track items in their facilities.
Alabama firm buys Keystone, Greenwood shopping centers for $27.5M, seeks more upscale targets
The company’s primary investment focus is unanchored shopping centers located in more affluent areas of major cities. Its founder sees Indianapolis “as one of the most attractive cities in the Midwest.”
Council votes to approve creation of downtown enhancement tax
The 19-5 vote, which followed party lines, creates an economic enhancement district—or EED—bound by North, East, South and West streets—the Mile Square—that would see increases to property taxes within those boundaries.
City-County Council approves downtown sports taxing district, purchase of Broad Ripple Family Center
The council also approved tens of millions of dollars in bonds to support the redevelopment of Old City Hall, a demolition of the former Jail I building and renovation of portions of the City-County Building. Also passed Monday was a plan to create a study commission on the use of artificial intelligence.
Indy’s retail real estate market is bouncing back after pandemic
Indianapolis-area brokers are bullish on the future of the local retail sector as occupancy rates grow in the aftermath of the pandemic and demand for space outstrips supply in some suburbs.