Castleton-area apartment complex sells for record $97.5M
The 996-unit community was constructed in 1982 and is slated for renovations by its deep-pocketed buyer.
Mickey Shuey
Articles
Sports Corp. takes over statewide tourism-support association
Team Indiana is meant to give its members—about three dozen tourism and sports organizations across Indiana—better access to resources that will get the attention of sports governing bodies that decide where to play events.
Indy Eleven plans return to pitch—with masked fans—on July 11
Safety precautions for the team’s season restart also will include limiting ticket sales to the lower bowl of Lucas Oil Stadium and restricting seats to every other row, with at least six feet between each grouping of four seats.
Three major downtown hotels set July reopening dates
The three hotels were among several throughout the city to temporarily suspend operations during the pandemic.
Indianapolis Indians forced to call off season for first time in 120 years
The triple-A Minor League Baseball team is sure to take a financial hit from the decision, but franchise President Randy Lewandowski said the Indians are “in a good financial position to weather this storm.”
Apartments on downtown’s east side to help tenants with developmental disabilities
The $11 million five-story project, called The Passage, would include support services and amenities to help tenants with disabilities get jobs and learn to live independently.
Visit Indy spending $50K on digital ads to entice visitors
The tourism group’s new “You Have Earned It” campaign focuses on Indiana residents and relies heavily on Facebook and Google advertising platforms.
High Alpha first tenant to begin moving into Bottleworks District space
High Alpha began moving out of its Circle Tower headquarters, 55 Monument Circle, last week after more than five years in the historic downtown building.
Pandemic shutdown helps local garden centers blossom
Stay-at-home orders led central Indiana homeowners to spend money on their outdoor living spaces, even after a slow start to spring.
FFA cancels national convention in Indy as downtown reels from tourism drought
The agriculture-education group cited lingering concerns over the coronavirus pandemic for scuttling the four-day event, which last year brought more than 68,000 people downtown.
UPDATE: Indy 500 to run with stands at 50% capacity, IMS officials say
About 175,000 tickets—most of them renewals—have been sold for the race, IMS confirmed to IBJ. Ticket requests are still being accepted, going into a queue for fulfillment after existing ticketholders have been accommodated.
Coworking chain taking over former restaurant space in Circle Centre
The lease will be COhatch’s second with Circle Centre landlord Simon Property Group. The firm previously announced plans to open a coworking space at Simon’s Hamilton Town Center in Noblesville.
Arts Council launches $10M restart fund for local arts not-for-profits
The Indy Arts & Culture Restart & Resilience Fund, underwritten by Lilly Endowment Inc., will provide eligible entities with one-time grants ranging from $5,000 to $500,000.
Developer of $40M residential project in Chatham Arch eyes 2021 finish
Well under way after years of revisions and delays, Chatham Park is expected to include up to 55 condominiums, seven single-family homes, four duplexes and 2,200 square feet of retail space.
Indiana 100: Kite’s CFO helped set up company to weather downturn
Heath Fear has guided the company to surer financial footing, largely by orchestrating the sell-off of two-dozen less properties to free up cash for future investments.
State could miss $330M in tax revenue from depleted hospitality industry
States and municipalities throughout the country are expected to miss out on about $16.8 billion in taxes this year because of the pandemic’s impact on the hospitality industry, a new study says.
Motorsports research body hires new director, relocating to Indianapolis
The International Council of Motorsport Sciences, established in Indianapolis in 1988, will relocate from Texas later this month after hiring veteran motorsports exec Tom Weisenbach as its new executive director.
Developer plans massive mixed-use project on western edge of Marion County
City planning staffers are opposed to the proposal for Tremont Town Center in its current form, but the 1.2 million-square-foot development with residential, retail and office space has support from key community figures.
Student housing firms see upside to uncertainty over colleges’ return
With students expected to return to most Indiana college campuses this fall, housing management firms are anticipating a boost to their bottom lines and a renewed interest in off-campus living.
Walmart picks area for distribution center that would dwarf most others
Plans call for the mammoth Hancock County facility to feature 146 docks and parking for 1,985 cars and up to 916 trailers.