Spot Freight plans to add 200 workers, expand office space
With its growing staff, Indianapolis-based logistics firm Spot Freight plans to expand into the recently-renovated Capital Center.
Mickey Shuey
Articles
City ponders coordinating redevelopment of multiple downtown sites
Roughly 17-1/2 acres of city-owned property in various stages of the redevelopment process have developers chomping at the bit to make their mark on the city’s skyline.
Legends Day concert moving from IMS to White River State Park
This year’s Legends Day concert on May 28—the day before the Indianapolis 500—is set to feature a big name in country music, but fans interested in catching the show won’t be making their way to Indianapolis Motor Speedway as usual.
Developer of timber-built office project in Broad Ripple seeks abatement
The project would occupy four parcels between 6407 and 6419 Ferguson St., which are occupied by four residential-style buildings that have housed short-term rentals and small businesses.
IU athletes gain avenue to use NIL to support not-for-profit groups
Hoosiers For Good Inc. plans to partner with dozens of organizations across the state and help them connect with “community-minded athletes” at Indiana University to amplify fundraising, awareness and volunteerism efforts.
King Cole hotel development could get $8M in city incentives
City officials plan to create an economic development area in the coming months for the Motto-branded hotel, which is being developed in the the historic King Cole building by Chicago-based Gettys Group for about $48.5 million.
Tony Stewart’s home, 415-acre hunting getaway, on market for $30M
The racing legend’s property in central Indiana includes a 20,000-square-foot luxury log-built house with an adjacent nine-acre lake.
Citimark plans $18M revamp of former HHGregg HQ for logistics uses
And because the property fronts the busy East 96th Street commercial corridor, the developer is also exploring options for retail outlots on the north end.
Esports is exploding. Can Indianapolis capitalize?
Both the city and state could become players in the emerging billion-dollar worldwide industry.
Philly-based sports betting exchange eyes 2023 launch in Indiana
Sporttrade Inc. offers users a betting exchange through which they can trade sports bets as if they were stocks.
NFL to allow thousands of fans into Lucas Oil Stadium for scouting combine
The NFL will offer free admission for its primetime activities at Lucas Oil Stadium, with seating in the 100 and 200 levels—the areas closest to the field. It’s a marked shift in strategy after decades of limiting public access to much of the event.
Indy-based developer in home stretch of $250M industrial project in Whitestown
About three years after first breaking ground, Indianapolis-based Strategic Capital Partners LLC has already brought to market about two-thirds of the 80-acre project, known as 65Commerce Park.
Should Indy try for another Super Bowl?
For now, the groups responsible for bringing the Super Bowl to Indianapolis in 2012 have their sights set on two other NFL attention-grabbers: the scouting combine and the draft.
Former Trustee building on Mass Ave set for revamp with restaurant space on first floor
According to plans approved by the Indianapolis Historic Preservation Commission this month, Landmark Properties plans to make several changes to the five-story building to attract office and retail tenants.
Developers plan $300M, 125-acre Plainfield project with housing, commercial space
Percolating under the radar for two years, the first phase of Hobbs Station is expected to feature 300 apartments, 99 single-family homes and 500,000 square feet of logistics space.
Tamika Catchings steps down as Fever’s GM, VP of basketball operations
Catchings has not been able to duplicate the success she had as a player in her role as an executive with the Indiana Fever. The team has named former coach Lin Dunn to replace Catchings on an interim basis.
Circle Centre owners commit to ‘transformative’ mall revamp
What’s next for the two city blocks that are now Circle Centre mall could start coming into focus over the next year.
Circle Centre ownership largely the same after 27 years
The disclosure of the group’s composition is the first since the mall opened in 1995, and comes about one week after Circle Centre Development acknowledged Simon Property Group’s exit.
City weighing nearly $25M in TIF bonds for Stutz renovation, 16 Tech apartments
The City-County Council on Monday saw the introduction of proposals to award developer-backed tax-increment financing bonds for a $60.8 million apartment development at the 16 Tech Innovation District, along with the $53 million redevelopment of the historic Stutz Motor Car Co. factory.
Educated workforce, clean energy, hefty incentives keys to megadeals
Despite Indiana’s economic development successes, industry experts say the state must do more to attract multibillion-dollar megadeals like ones other states have recently landed.