Gershman, Citimark buy Gold Building, two adjacent properties
The deal includes the Gold Building and the office building at 251 E. Ohio St., both of which have struggled with low occupancy in recent years.
Mickey Shuey
Articles
Attorney renovates bank near criminal justice center campus, seeks office tenants
The owner of Dean-Webster Legal LLC and her husband bought the 1.7-acre parcel last year and hope to attract other professionals who want a straight shot up Southeastern Avenue to the campus.
Lucas Oil Stadium in line to get $7M in Wi-Fi improvements
The wireless infrastructure at Lucas Oil Stadium could see significant improvements in the coming months as part of a three-way deal between the Colts, the Capital Improvement Board and Verizon.
Aldi plans new store in former Marsh at north-side shopping center
The Germany-based discount grocery chain has leased about 22,000 square feet and will occupy a little more than a third of the former Marsh Supermarket space.
Pacers ticket sales, ratings rise as playoffs near
Boosted by the fifth-highest winning record in the 30-team NBA, the team has seen home attendance rise 4.6 percent and TV ratings climb 6 percent, compared with this time last year.
Indy Eleven, WISH-TV agree to two-year broadcast deal
The deal will see WISH-TV and WNDY-TV split a 20-game slate for Indy Eleven’s 2019 season.
UPDATE: Cummins, Indianapolis Motor Speedway ink sponsorship deal
The agreement is set to commemorate Cummins Inc.’s 100th anniversary and includes a parade lap before the Indy 500 featuring five Cummins-engineered cars that previously participated in the race.
Developer seeking $6M bond from city for projects in Mass Ave area
The combined development cost of the two projects—now lumped under the name Block 20—is projected at $40 million. They would include apartments next to the Athenaeum and high-end office space two blocks away.
Plan for private health clinic at Broad Ripple Park hits opposition
A group that opposes a public-private partnership to help raise funds for an event center in Broad Ripple Park plans a forum Monday night to discuss the matter, but did not invite city or park officials.
Soccer stadium likely would find other uses—especially if it’s downtown
The Indy Eleven would likely need the $150 million soccer stadium proposed by owner Ersal Ozdemir for only about 20 matches a year.
Pacers, CIB talks could extend beyond legislative deadline
The president of the Capital Improvement Board said negotiations on a 25-year deal with the Indiana Pacers are progressing, but a final pact is likely months away.
Daredevil Brewing Co. to open taproom at Bottleworks District
Daredevil, named the state’s Brewery of the Year in 2017 and 2018, has lined up space in the Garage Food Hall at the Bottleworks District on Mass Ave, developer Hendricks Commercial Properties announced Tuesday.
Dilapidated Castleton hotel to be revamped as senior ‘resort’ community
The developer behind the $5.4 million plan to convert Castleton Extended Stay into senior living units is seeking a three-year tax break on the project.
Upgrades by city, Indiana Repertory Theatre boost future of iconic building
The Indiana Theatre building, which opened in 1927 as a movie palace topped with a ballroom, had been in need of TLC for years.
NFL Combine could ink new Indy extension deal later this year
The five-day NFL Combine has been hosted in Indianapolis since 1987, and efforts are underway to ensure the showcase calls the city home for the next several years.
Developer plans $30M apartment project at former college site downtown
Milhaus’ 175-unit project, dubbed The Grid, will also include a 180-space parking garage and an enclosed outdoor courtyard with kitchen and lounge areas.
Planned 800-room convention center hotel would carry ritzy, new Hilton flag
Hilton selected Indianapolis as one of three markets for its new Signia line. The hotel is a key component of efforts to beef up downtown’s capacity to host large events and conventions.
‘Comparing apples to bicycles’: Indy Eleven criticizes state-backed study of stadium plans
The fiscal impact statements differs greatly from a team-backed, independent study conducted in an effort to sway lawmakers.
Mixed-use project planned for Speedway’s main drag
A Fishers-based developer is planning two buildings with retail storefronts, office space and condos that could draft on Main Street’s recent momentum.
Telecom equipment, services firm laying off 300 workers
KGP Telecommunications LLC says a major customer recently reduced its business with the firm, necessitating the layoffs at two Warsaw facilities.