The virus already has cost the region hundreds of millions of dollars, tens of thousands of jobs and more than 1,800 lives. Those losses are all but certain to grow as the calendar turns to 2021, amid an international effort to roll out an effective vaccine.
Indianapolis-based Perez Realty Group acquired the 113-acre retail property on Dec. 18 for a yet-undisclosed price.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
