Lafayette Square Mall sold to local real estate firm
Indianapolis-based Perez Realty Group acquired the 113-acre retail property on Dec. 18 for a yet-undisclosed price.
Mickey Shuey
Articles
Self-storage firm enters Indy market by acquiring Fishers, Noblesville facilities
Missouri-based StorageMart has more than 200 facilities and has opened or acquired several locations during the pandemic. Industry watchers say the industry segment thrives on death, displacement, divorce and disaster.
Local sporting goods supplier paying $600K to settle discrimination allegations
The U.S. Department of Labor alleged that BSN Sports discriminated against thousands of people who applied for jobs at the company’s Indianapolis production facility. The firm’s settlement is not an admission of guilt.
Pandemic prompts developer to reassess what to build next at Bottleworks District
Hendricks Commercial Properties has begun preliminary discussions on phase two, but hasn’t decided whether to stick with its original plan that emphasized office space.
Ross, Five Below planning to open stores at Glendale
Two growing national retail brands have filed permits with the state for construction on spaces at the shopping center at North Keystone Avenue and 62nd Street.
Upscale $66M apartment complex planned on Indianapolis’ northern edge
Initial plans for the development call for seven apartment buildings and a clubhouse, although an alternative plan includes two headquarters-type office buildings fronting Interstate 465.
Big Ten football title game to be played without fans
The Big Ten Conference does not plan to sell general admission tickets for Saturday’s football title game at Lucas Oil Stadium in Indianapolis, instead limiting attendance to only the families of athletes and other team members.
Photos: Bottleworks Hotel opening Tuesday
The 139-room hotel will be among the first components of the $300 million Bottleworks District to open. Additional tenants—including retailers, restaurants and entertainment-focused businesses—will begin opening early next year.
Environmental work almost completed on former stamping plant property
Officials said remediation efforts are in their final stages, with final certification expected in the next few weeks. Elanco Animal Health Inc. plans to build a $100 million headquarters on the site.
Colts capacity reduced to 10,000 for next home game
It’s unknown whether the health department will institute the same restriction for the Big Ten Football Championship game, scheduled to take place the day before the Colts game.
Dinner at Governor’s Residence, $25M land purchase helped snag Elanco HQ
The state’s pitch to keep Elanco Animal Health Inc. in Indiana for the long term began with a dinner at the Governor’s Residence two years ago.
Major downtown office users reevaluating space needs, but pandemic’s impact still hard to gauge
Big tenants such as Rolls-Royce and Salesforce say they’re reevaluating their space needs as most of their local employees work remotely. Real estate experts say they’re unlikely to make decisions until after the pandemic subsides.
Undaunted by COVID, city tourism pros pack events into early 2021
Officials are hopeful new virus cases won’t ruin plans to host two dozen events in the first quarter of 2021—including efforts to bring the full NCAA men’s basketball tournament here.
Despite foreclosure, experts see bright future for The Shops at Perry Crossing
The shopping center—the 10th-largest in the Indianapolis area, at 600,200 square feet—was repossessed by its lender in October, after Memphis-based owner Poag Shopping Centers LLC defaulted on a $29.9 million loan balance in June. It’s the second foreclosure for the property, which used to be called Metropolis.
Elanco HQ expected to anchor new development, park expansion on former GM site
Beyond the public company’s $100 million headquarters campus, city and state leaders expect 26 acres to be used for an expansion of White River State Park and new projects potentially with residential, retail and office uses.
Ambrose sells GM stamping plant property, withdraws suit against city
According to Ambrose, the sale resolves the year-long legal dispute between the developer and the city of Indianapolis that started after the company withdrew from the $1.4 billion Waterside development agreement involving the 103-acre property west of downtown.
Fieldhouse gets safety certification prior to upcoming reopening
The new measures are part of the venue’s effort to meet accreditation standards established by the International Well Building Institute at buildings across the country.
Owners of downtown towers plan $55M renovation, request $10M tax break
The Gold Building’s exterior overhaul is expected to completely replace the iconic gold panels with “crystal gray” panels from the third floor through the 20th.
Housing to target foster kids aging out of system
Community officials are hopeful a new east-side housing project focused on young adults aging out of foster care will go a long way in furthering the area’s efforts to reduce homelessness.
More than 1 in 10 Hoosiers have had COVID-19, says Fairbanks experts
The new findings also indicate an overall death rate from the coronavirus of about 0.26%, but that percentage is closer to 2.3% among citizens ages 65 and older.