After years of construction, downtown Indy’s newest luxury hotel opens this month
After six years of construction and expensive delays, The InterContinental Hotel is accepting bookings. Here’s when visitors can book stays and what it could cost.
Mickey Shuey
Articles
Home developer Onyx+East requests abatement for $17.5M project along Monon
The $17.5 million project, known as Monon 21, is expected to bring townhomes and single-family dwellings to the 3.5-acre site at 2060 Yandes St.
Devington Plaza task force unveils ideas as residents, developer look for path forward
The neighborhood proposal comes as the group pushes New York-based Skysoar Capital Partners to reconsider its plan for the nearly abandoned site.
Local Scouting America council set to sell Indy headquarters, western Indiana camp
The Crossroads of America Council is selling the properties in hopes of securing financial stability after several years of losses.
Hendricks fine-tuning plans for $300M first phase of Circle Centre revamp
The developer behind the planned overhaul of Circle Centre Mall could start construction work on the $600 million project by the end of this year.
Gray Brothers plans to close Mooresville cafeteria, sell building for $10M
Third-generation owner Jason Gray told IBJ plans for after the sale—including when and where the beloved restaurant will reopen—are still in the works.
Uncertainty over impact of tariffs leaves aftermarket manufacturer anxious
Anderson-based StagUSA Services Inc. manufactures aftermarket products allow vehicles to run on alternative fuels like compressed natural gas and propane. The company imports propane tanks from Mexico and other components from Poland.
Projected cost of Signia hotel rises by $70M, with CIB set to foot bill
All in, the cost of the redevelopment of Pan Am Plaza is expected to be about $780 million, with the convention center expansion cost covered through bonds backed by the city’s consolidated tax-increment financing district.
Kite Realty sees quarterly rise in revenue, profit
The Indianapolis-based retail real estate investment trust reported fourth-quarter funds from operations that met analyst expectations.
Simons’ downtown hotel, entertainment project gets green light for forgivable $25M city loan
Specific details for the loan, which could be forgiven if the Simon family’s development affiliate meets certain terms, are expected to be finalized in coming months.
Motorsports transport company to build $39M headquarters in Noblesville
The company works with teams in NASCAR, IndyCar, IMSA and other racing circuits to create vehicular transports for competition vehicles.
Planned practice center aims to help Fever keep up with WNBA competitors
Six other WNBA teams have opened or announced plans for dedicated practice facilities. Fever parent Pacers Sports & Entertainment, which is majority-owned by Herb Simon and his family, plans to invest $78 million in the Fever facility.
Conversion of downtown’s King Cole building into hotel set to resume
Historians have extended an expired certificate of appropriateness for the long-delayed redevelopment of the historic office building just south of Monument Circle.
State of Tourism: Indianapolis secures pair of medical conventions, sets annual records
Ahead of its annual State of Tourism event, Visit Indy detailed the city’s record-breaking 2024 and announced new additions to the convention roster expected to bring thousands more visitors to the Circle City.
Butler grad donating $12M for women’s sports, leadership funds
The donation is the largest gift to Butler University’s athletic department and the largest known estate commitment in the school’s history.
Female-focused sports campus partners with Sports Tech HQ to expand offerings
An Indianapolis-based economic development nonprofit is working with the leaders of Marvella, a $98 million Indiana sports and leadership campus aimed at girls and women.
City keeping redevelopment options open for remainder of Jail I site
Regardless of who ultimately develops the 1-acre eastern half of the city-owned Jail I site at 40 S. Alabama St., city officials view it as “incredibly important” that the project support further development on the east side of downtown.
Indy officials look to future WWE dates after Royal Rumble surpasses expectations
Sources told IBJ that Indianapolis has targeted dates for SummerSlam and for WrestleMania as part of its eight-year deal with World Wrestling Entertainment.
Photo gallery: WWE Royal Rumble draws record-setting crowd at Lucas Oil Stadium
WWE Chief Content Officer Paul Levesque said Saturday’s Royal Rumble was the highest-grossing Rumble in history, the third-largest gate—money made off tickets—in organization history and the largest single-night event WWE has ever pulled off.
Photo gallery: Thousands turn out for WWE SmackDown at Gainbridge Fieldhouse
Friday night’s SmackDown event at Gainbridge Fieldhouse drew thousands of spectators and kicked off Indianapolis’ Royal Rumble weekend. Check out these photos of wrestlers—and fans—in action.