![](https://www.ibj.com/wp-content/uploads/2020/09/Herron-Morton-Project-e1599575279674-300x150.jpg)
$40M apartment project planned for Herron-Morton Place
The proposed project includes 234 multifamily units in the 2100 block of Central Avenue, along with nearly 12,000 square feet of new or redeveloped commercial space.
The proposed project includes 234 multifamily units in the 2100 block of Central Avenue, along with nearly 12,000 square feet of new or redeveloped commercial space.
The plan will allow less than 4% of capacity for the team’s its home opener at Lucas Oil Stadium against the Minnesota Vikings on Sept. 20.
He has a big plan for the south side of downtown, but the plan is ever evolving and it will require hundreds of millions of dollars in investment and large-scale rethinking of development along the Interstate 70 corridor.
TWG hopes to receive incentives for the project from the city of Indianapolis, as part of a ”potential public-private partnership” supported by tax-increment financing.
The deal likely would make South Bend-based Bradley Co. the second-largest commercial real estate brokerage in central Indiana.
Overall attendance at Indiana Convention Center events has stagnated, but annual major conventions have seen explosive growth.
The Indianapolis Colts are cutting back on spectator capacity in their latest health and safety plan, with hopes of boosting crowds as the season progresses, depending on the course of the COVID-19 pandemic.
The venue is expected to be a franchise of Flying Tee—a competitor of Topgolf, which opened a venue in Fishers in 2017.
The broadcast of Sunday’s race delivered a huge rating in Indianapolis, but overall viewership was likely hurt by a tougher a slate of competition from other sports, including NASCAR.
Indianapolis-based TWG Development expects construction to begin within 15 months if it can offset costs by landing affordable housing tax credits.
Fred Glass, 61, will become a partner at Taft Stettinius & Hollister, where he will operate a general business law practice, while also handling matters related to higher education, employment, government matters, sports, media and entertainment.
The pandemic hasn’t stopped all hospitality business in Indianapolis. Nearly 40,000 people have visited downtown since the beginning of July for events at the Indiana Convention Center or at major hotels.
The NCAA and the Indiana Sports Corp. both said they’re still planning for the Final Four on its original dates. Some sports business experts wonder whether the college basketball tournament could benefit from a “bubble” strategy like the NBA or NHL.
The NCAA’s insurance payout for March Madness is perhaps the largest for a pandemic-related event cancellation thus far.
The Indianapolis Public Library plans to acquire land from the Washington Township school district as part of a years-long effort to build a new Glendale-area branch to replace the one in Glendale Town Center.
The Capital Improvement Board of Marion County approved a $132.3 million budget for 2021 during its Friday board meeting—a reduction of 26.4% from this year’s budget.
The planned, 2.2-million-square-foot Walmart distribution center is one of a dozen warehouses exceeding 900,000 square feet to enter the Indianapolis market since 2011.
Ratio is architect for the $550 million project by Kite Realty Group Trust that includes a Signia Hilton, an expansion of the Indiana Convention Center and—eventually—a second, 600-room Hilton-branded hotel.
Erica Ballard’s dream of downtown dog park is coming to fruition after three years of work.
The owners of the Shops at Perry Crossing had been hoping to sell the shopping center before a May deadline to pay off the property’s loan balance, but the pandemic ruined those plans.