The Whit owner lists property for sale, with asking price of up to $120M
The nine-story building features 334 apartment units, a 540-space garage and the 16-Bit Arcade+Bar.
Mickey Shuey
Articles
Performance Racing Industry hoping to hold December trade show
More than 940 exhibitors have already registered for the event, which could bring upwards of 67,000 people to the Indiana Convention Center and generate an economic impact of $65.2 million. But county health officials haven’t yet approved the event.
Indy 500 to run without fans in the stands
The race had been postponed from its usual Memorial Day weekend date to Aug. 23, before announcements that the track would limit seating to 50% and then later 25%—with masks required—and now with no fans at all.
Horizon House plans 36-unit apartment project for homeless on downtown’s east side
The four-story project will also feature office space for Horizon House, which is located adjacent to the site and has provided services for homeless individuals since 1990.
Ambrose plans $75M redevelopment of former Navistar plant property
Ambrose acquired the 90-acre property at 5655 S. Brookville Road in mid-July for $8.2 million—more than five years after Illinois-based Navistar International Corp. shuttered its foundry operations there.
Pacers organization terminates dozens of employees in cost-cutting move
Pacers Sports & Entertainment, which owns and manages the Indiana Pacers and Indiana Fever, has cut about 16% of its full-time workforce in response to financial losses during the pandemic, a spokesman told IBJ.
Kite Realty Group bets big on hotel, even as other projects wither
A third of planned downtown hotel rooms announced before the pandemic are now on hold.
Proposed 40-story Signia at Pan Am Plaza to shake up hotel landscape
The $300 million hotel will be the most expensive and elaborate new lodging project built in the city since the $450 million JW Marriott complex was completed in 2011. And it will compete directly with the JW.
Indianapolis Indians to weigh name change after 118 years with same moniker
The club said Tuesday that it “will be forming a committee to explore” its name and determine whether a change is necessary, amid pushback from Native Americans who view it as inappropriate.
Owner of vacant Anthem building on Circle now open to multiple tenants
The owner of the 213,600-square-foot office building had hoped to sign a single user for the high-profile property, but its strategy has become more flexible in the year and a half it has remained empty.
City, Kite reach deal for $550M Pan Am Plaza project—with up to 2-year delay
The city will not subsidize construction of Kite’s two hotels on the site but will ask the City-County Council to authorize a $150 million bond to finance an addition to the Indiana Convention Center.
Downtown restaurants, conventions could be stuck in downward spiral
The loss in convention business due to COVID-19 is starving downtown restaurants of customers. And without great restaurants, Indy isn’t as attractive as a convention destination.
City plans to continue statewide tourism campaign despite rollback in reopening
Visit Indy said about $75,000 of the $1 million budgeted for the “You’ve Earned It” advertising campaign has so far been spent, generating about $400,000 in visitor spending.
Indy 500 blackout lifted; 500 Festival Parade, other events called off
The decision to allow local fans to watch the race live comes one day after Indianapolis Motor Speedway officials announced plans to reduce attendance capacity for this year’s race to 25%.
Developer streamlines plans for mixed-use project on Speedway’s main drag
The $6 million project is expected to feature retail space on the first floor—already fully pre-leased—along with apartments on the second floor and condominiums on the third.
Retail developer who took his own life was dogged by debts
Craig Johnson left behind what court records show is millions of dollars in debt that might not be covered by his estate.
Hogsett: Delays likely for Pan Am Plaza hotel, convention center project
Indianapolis Mayor Joe Hogsett said the city is continuing to work with Indianapolis-based Kite Realty Group Trust—which is developing the project—to finalize a reworked timeline.
Apartment, retail project planned on Indiana Avenue by Walker Center
Documents filed with the city show that the apartments would range from studios to three-bedroom units, along with a handful of co-dwelling units.
Indy Eleven first pro team in state to get back into action during pandemic
The Indy Eleven soccer team got back into action Saturday, opening its 2020 home season before a thinned-out crowd at Lucas Oil Stadium.
North-side hotels capitalize on Grand Park, leisure travelers
Hotels across the metro area are starting to slowly rebound from this spring’s shutdown, but north-suburban properties are making up ground faster than anyone else.