Real Estate Weekly: Oct. 8, 2024
The following information was published in IBJ’s Real Estate Weekly e-newsletter on Oct. 8, 2024.
Mickey Shuey
Articles
Central Indiana’s largest office park secures new loan, additional investment
More than $36 million already has been invested into the campus over the past eight years, with updates to building systems, indoor and outdoor amenities, lobby spaces, restrooms and facades.
Wings exec named as new Indiana Fever GM; Lin Dunn to become adviser
The move comes just two weeks after the team announced longtime executive Kelly Krauskopf would return in the role of president of business and basketball operations.
City commission approves abatement for Angi building apartment conversion
Plans for the 180-apartment project also call for an entertainment commercial tenant for 18,000 square feet on the second floor and a white box retail space on the west side of the first floor.
Lilly to invest another $4.5B in Lebanon site for new ‘medicine foundry’
The new funding, for an advanced manufacturing and drug development center, will bring the Indianapolis-based drugmaker’s total investment in the Boone County site to more than $13 billion.
Owner of former Anthem HQ lists building on Monument Circle for sale
Listing the property for sale is a marked change from a years-long strategy of only looking for tenants to lease the sprawling, 213,600-square-foot office building.
Meeting and Event Planning Guide: Q&A with Visit Indy’s CEO
I think 2024 is an example of all the things that make Indy special, coming together all at once.
Meeting and Event Planning Guide: Construction on event, convention developments picks up
No fewer than three facilities focused on entertainment and tourism are expected to open in downtown Indianapolis by the end of 2027 while two others, in Noblesville and Fishers, are scheduled to debut by next summer.
Noblesville, Westfield lead the effort for sports district changes
The cities are set to ask state lawmakers to change the rules that govern how and when cities can benefit from taxes generated by sports-related projects.
Holladay Properties plans $21.4M conversion of downtown Angi building
The South Bend-based developer plans to convert the 12-story Angi Inc. headquarters on East Washington Street in downtown Indianapolis into a 180-unit apartment building.
IPS seeking new suitors for John Marshall High School after city withdraws
The Department of Metropolitan Development quietly withdrew its offer to buy the building over the summer after determining needed improvements would make make the project a larger—and more expensive—challenge than anticipated.
Krauskopf returning to Fever as president after six-year stint with Pacers
Kelly Krauskopf led the Indiana Fever from 2000 to 2018 and built the team into one of the league’s most successful franchises, with 13 postseason appearances and three WNBA finals berths in seven years.
Indiana seizes on opportunities with women’s sports
More than five months after the Indiana Fever drafted Caitlin Clark at No. 1 overall in the WNBA draft, local sports and tourism leaders are eager to further grow the state’s role in women’s sports.
Women-focused $98M sports campus in Indiana to include VIP leadership
The 120-acre project features the involvement of outgoing Indiana Fever President Allison Barber, former Fever star Tamika Catchings and Suzy Kolber, a former anchor and analyst for ESPN.
Airport planning $47M solar canopy for parking lot
The project, which would see the construction of a new solar-covered canopy over a portion of a lot south of the airport’s parking garage, is expected to generate about 10% of the terminal’s total energy needs.
UPDATE: Rahal Letterman Lanigan’s Zionsville HQ site of FBI activity
The race team—which fields cars in the IndyCar and IMSA racing leagues—issued a statement Wednesday saying it is “cooperating fully with investigators” but did not elaborate on the type of inquiry underway.
Lafayette Square Mall owner says revamp moving forward, fleshes out plans for apartments
The developer behind the planned revamp of Lafayette Square Mall expects to break ground on the project’s first apartment building early next year and open a 14-screen movie theater as early as next month.
Surack buys downtown Indy hotel to put damper on Hogsett’s plans for heliport
Billionaire Chuck Surack’s real estate purchases are intended to discourage Mayor Joe Hogsett’s administration from disposing of the Indianapolis Downtown Heliport so the property could be used to build a soccer stadium.
Lennar planning two southeast-side subdivisions with 355 homes
The Franklin Township projects, Eagle Creek and Crescent Ridge, will collectively occupy nearly 200 acres.
IndyCar signs extension with tire supplier Firestone
The deal between Penske Entertainment, which owns the racing series, and Firestone’s parent company, Nashville-based Bridgestone Americas, extends a partnership that has been in place for 25 years.