Indianapolis to host IMSA event for first time since 2014
The International Motor Sports Association said it also plans to return to the track in 2024 and 2025 for longer endurance races.
Mickey Shuey
Articles
Lafayette Square’s new owner points to $50M in upgrades so far
Owner Fabio de la Cruz said said the investment is only the start of what’s expected to be at least a $200 million project through his firm Sojos Capital LLC.
Merger gives Kite Realty Group Trust post-pandemic strength
President and COO Tom McGowan is at the forefront of major shifts for the local real estate firm, which has significant projects on tap in central Indiana.
Indoor golf simulator chain to open location in downtown Indianapolis
New York City-based Five Iron Golf’s planned facility is expected to feature 12 golf simulators as well as televisions, leisure games, a full-service restaurant and a bar.
Indy Parks nearing approval for $20M Frederick Douglass Park family center
The project set for 1616 E. 25th St. calls for a 45,000-square-foot building with a gymnasium, fitness rooms, a walking track, park offices, and community and meeting rooms.
Experts say shopping malls face tough balance to maintain safety
Experts say shopping center landlords have adopted extensive safety measures over the years to try to prevent mass casualty events, but going overboard with security can discourage business.
Airport moving ahead on $76M parking garage expansion
About 1,000 of the spaces in the new facility at Indianapolis International Airport will be used by car rental companies while the remainder will be designated for daily or hourly parking.
Steak n Shake owner plans $3M rooftop tavern next to Fieldhouse
Sardar Biglari expects to spend at least $3 million to renovate the historic C.A. Schrader building’s top floor and construct an addition to the neighboring structure.
Lebanon City Council approves annexation of property for high-tech development
Nearly three dozen individuals and companies who own more than 1,400 acres over 56 parcels submitted petitions last month to have their properties added to the city of Lebanon.
State plans new I-65 exit near Boone County’s innovation district
INDOT wants to build an interchange at West County Road 300 North that would serve the planned 7,000-acre LEAP Innovation and Research District.
Airport Authority to buy nearly 58 acres near Mount Comfort airfield
The decision to buy the privately owned property came after seeing the swiftness with which developers have moved to acquire thousands of acres near the Indianapolis Regional Airport for their own projects.
Former uses of Diamond Chain site could pose ‘bit of a sticky situation’ for developers
Experts are optimistic that the property’s redevelopment will spur growth in housing and entertainment, but the industrial site’s environmental and historical factors must be considered in the aggressive timeline set for Eleven Park.
Simon secures $5.5M ruling over theater chain for absent rent
The judge in the case found that the COVID-19 pandemic didn’t excuse Regal from covering its rent at the theaters, which are now in default for the lack of lease payments.
Indy area’s largest apartment complex sold in six-property deal
The properties, which total 2,103 units on more than 165 acres, have seen significant rent growth in recent years and likely will see more after renovations by the new owner.
Q&A with Amy Beers, on her book about Indy’s craft brewing history
A certified beer sommelier, or cicerone, Beers has studied the art of brewing for several years and strives to share her knowledge with the public and other beer enthusiasts—whether it’s over a pint or over the internet with her “Drinking with Beers” YouTube channel.
Site for Indy Eleven’s proposed stadium praised by officials, real estate brokers
City tourism officials said the venue could be a boon for new sporting events—something team owner Ersal Ozdemir indicated he’s hopeful will the the case.
Developer buys Diamond Chain site for Indy Eleven soccer stadium, mixed-use district
The redevelopment of what is now an 18-acre manufacturing site downtown is expected to include apartments, a hotel, an office building and retail space—in addition to a 20,000-seat stadium. Keystone Corp. CEO Ersal Ozdemir said the project’s cost will likely top $1 billion.
New not-for-profit lands $1.6M to support Indiana Avenue, Black communities
Urban Legacy Lands Initiative Inc. expects to create a preservation and stewardship framework to support the city’s Black communities, with a focus on equitable and inclusive neighborhood growth.
Boone County property owners asking Lebanon to annex hundreds of acres
The annexation requests come as the Indiana Economic Development Corp. pushes forward with its plans for the LEAP Lebanon Innovation and Research District.
State tourism agency plans to ask for huge funding boost
Tourism officials are introducing a campaign they hope will set the stage for a significant funding increase from the General Assembly next year.