Lilly spin-off putting nearly 1,200 acres up for auction by Greenfield
The land formerly was owned by Eli Lilly and Co. and then was included in Elanco’s 2018 spin-off from the pharmaceutical company.
Mickey Shuey
Articles
Schmidt Associates buys Louisville architectural firm
Schmidt Associates principal and CEO Sarah Hempstead said her downtown firm has been looking to expand by tapping into new markets.
CIB approves $62 million in contracts for Fieldhouse overhaul
The board approved eight bids—mostly to local firms—for the first and second phases of the $360 million project.
Developer, town of Speedway locked in fight over stalled Wilshaw hotel project
Correspondence obtained by IBJ between town officials and the developer reveal a tug of war over information on the hotel’s status and a disagreement over whether the company has violated a project agreement.
Bru Burger Bar picks Keystone Crossing site for 11th location
Plans call for the gourmet burger restaurant to occupy 4,855 square feet on the ground floor of a new office building, with indoor seating for up to 135 people and additional patio seating.
Indianapolis Motor Speedway adds NASCAR road-course race to Brickyard 400 lineup
The NASCAR Xfinity Series—the second tier in professional stock-car racing—will run the race Saturday, July 4, on a road course that uses part of the historic speedway oval.
Controversial Block 20 project moving forward 4 years after proposal
The apartments-and-retail project slated next to the Athenaeum has been in the works since 2016 but encountered hurdles including a lengthy legal battle that reached the Indiana Supreme Court.
Onyx+East plans $6.5M town house project on 10th Street, but faces skepticism from city
The Indianapolis-based developer hopes to build 21 units ranging in price from $275,000 to $365,000 over several vacant parcels, but city staff has recommended denial.
Proposal for $20M family center project at Broad Ripple Park advances
A city hearing examiner recused herself from ruling on a variance for a proposed 40,000-square-foot health and family center at Broad Ripple Park. The recusal automatically advances the proposal to the city’s Metropolitan Development Commission.
Indy gears up for 2022 college championship game
A contingent of 16 local officials will be in New Orleans this weekend for the College Football Playoff National Championship, as Indianapolis ramps up preparations to host the massive event in two years.
Hostel planned for former church, event center in Fountain Square
Plans for the hostel have been recommended for approval by city staff, because it “would be appropriate and would recognize [the building’s] historical and architectural value.”
Penske’s purchase of IMS, IndyCar finalized
The sale puts Roger Penske in charge of the Indianapolis Motor Speedway, the open-wheel series that is built around the Indy 500 and the track’s esteemed production group.
Speedway officials seek remedy for delayed Wilshaw hotel project
Progress on the 126-room Wilshaw, at the southeast corner of Main and 16th streets, has been stalled since early July while Indianapolis-based developer Loftus Robinson awaits the release of its first loan installment to finance the project.
Cash-strapped Indy Parks seeks creative financing for community center
A deal to build a new family center at Broad Ripple Park could be just the first of several privately funded projects considered by the park system.
New owner pursues retail for long-vacant Fountain Square building
Two earlier plans for the building failed, but by spring it could house a business for the first time in five years.
Local developer proposes 195-unit apartment complex near Methodist Hospital
Arrow Street Development hopes to build two five-story buildings—each with ground-floor parking garages—as a single complex called Wesley Place on North Illinois Street.
2019 YEAR IN REVIEW: Bade abruptly changes direction after split with Ambrose partner
Aasif Bade has brought in a new team and made a series of promotions as he’s looked to pivot the Ambrose’s focus from a mishmash of developments to more projects in the e-commerce and industrial sectors—in hopes of capitalizing on continued growth and market demand.
Onyx+East, storage company plan new development in Lockerbie
Onyx+East has partnered with Extra Space Storage to redevelop the block at the southeast corner of North and Fulton streets with new residences and a six-story storage facility. The project will require the demolition a nearly century-old building.
Incoming zoo CEO seeks to continue momentum
Rob Shumaker, now president of the zoo, will take over as CEO for the retiring Michael Crowther in early January.
West-side apartment complex sells for $32.8M
The Astoria Park Apartments complex, 3640 Beluga Lane, was bought by Besyata Investment Group, according to the Indianapolis multifamily division of Chicago-based Cushman & Wakefield, which brokered the sale.