UPDATE: NCAA to host entire men’s basketball tournament in Indiana
The organization said it is “closely monitoring” the pandemic and will continue evaluating the feasibility of some fan attendance at some of the games.
Mickey Shuey
Articles
Indianapolis to host entire men’s basketball tournament, source says
The 67-game tournament will be held at venues across central Indiana in March and April, according to a source familiar with the plans.
Black residents near Indiana Avenue want projects in tune with neighborhood
A $70 million mixed-use proposal—later withdrawn—by Buckingham Cos. for property at 719 Indiana Ave. owned by the Walker Center met significant opposition.
Work under way on at least three major downtown construction projects
The Tribute and Aloft hotels—both of which were announced before the pandemic began—are among the few downtown lodging projects that are continuing to make progress.
2020 YEAR IN REVIEW: The pandemic changed everything—business, sports, travel—in 2020
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.
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.
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.