Local industrial demand cooling as brokers look to fill massive buildings
The slowdown in leasing activity, which began late last year, is putting some developers in a tricky spot.
Mickey Shuey
Articles
Indiana Sports Corp. bids to keep Big Ten football title game in Indy through 2028
The ISC also is submitting a bid to the conference to host its 2025 and 2027 men’s and women’s basketball championships.
Airport authority on board with Westin franchise agreement for proposed hotel
Airport officials are expected to meet with Marriott representatives Friday afternoon to iron out remaining details for the project.
Indy airport nearing deal for Westin hotel connected to terminal
Airport officials have flirted with the idea of locating a hotel next to the terminal since planning for the current midfield complex began in the early 2000s.
Emmis lists Monument Circle HQ for $35M
The seven-story, 140,000-square-foot structure at 40 Monument Circle was built in 1998 as a dedicated home for Emmis, then a growing media company.
Long an east-side question mark, Irvington Plaza now has a buyer with plans for redevelopment
A firm owned by a former IU football player is in the early stages of revamping the deteriorating shopping plaza that once served as Irvington’s main retail hub.
City secures $24M loan from state for ‘confidential’ downtown project
The loan, which was approved by the Metropolitan Development Commission, is expected to be used for “downtown redevelopment efforts.”
Downtown office space at crossroads, local broker says
John Robinson, managing director for the Indianapolis division of Chicago-based JLL, said during an IBJ panel discussion Friday that he expects at least three of downtown’s 10 major office towers to go through foreclosure or take big losses in a sale over the next few years.
Apartments planned for former bar site near Lucas Oil Stadium
A Greenfield-based developer plans to demolish the former Stadium Tavern to make way for a four-story apartment building.
Youth-racing initiative that focuses on children of color aims to gear up
NXG Youth Motorsports has signed an option to purchase a 2.2-acre, city-owned plot just west of the former Central State Hospital site on the west side of Indianapolis.
Local coffee shop to take former Starbucks spot on Monument Circle
Command Coffee has signed a long-term lease for the space, which Starbucks vacated late last year, citing concerns about the safety of its employees.
City issues RFP for redevelopment of Drake apartment property
The request for proposals requires bids to include an offer of more than $1 million for the property and to fulfill federal Community Development Block Grant parameters
TWG’s ambitious Old City Hall proposal chosen over several other bids
A few of other bids were similar to the selected proposal put forth by TWG Development, while others went in a distinctly different direction. Here’s a look at those proposals.
Haughville housing project, initially opposed by neighbors, moving forward with changes
Earlier this month, more than a dozen Haughville residents who live near the project held a press conference to express frustration with Buckingham Foundation’s decision to move forward with the project despite their misgivings.
Projects spur renaissance of North Mass, once considered eyesore of city’s past
In the past decade, the area has grown into one of the region’s hot spots, in part because a handful of developers is embracing the area’s industrial roots.
Lucas Oil Stadium to remove, replace controversial turf next year
The NFL Players Association last year called on six venues to change their playing surfaces, saying the turf in those stadiums resulted in “statistically higher in-game injury rates.”
Convention Center, Lucas Oil Stadium operator eyes $180M budget
The Capital Improvement Board on Friday approved a $180.4 million budget for 2024, up from about $155 million last year.
New plaza at Gainbridge Fieldhouse opens with public events
Pacers Sports & Entertainment plans to host several public events this weekend, inviting residents and visitors to experience the new plaza.
Signia, convention center expansion clear early design hurdle
The plan allows for a 468-foot-tall hotel tower—which would make it the tallest hotel in the state, and the fourth-tallest building overall.
Lafayette Square Mall owner delays reopening, developing much bigger plan
Sojos Capital principal Fabio de la Cruz—who introduced an ambitious $200 million project for the northwest-side property in November 2021—said the new master plan will require much more investment and involve multiple development partners.