Land bank adds commercial properties
City officials are turning to the not-for-profit Renew Indianapolis to market and sell industrial sites, adding to its responsibilities reaching far beyond residential properties and vacant lots.
Scott Olson
Articles
Online shops opening brick-and-mortar stores
Simon Property Group Inc., the nation’s largest mall owner, is getting a big assist from an unlikely source in its bid to backfill wide swaths of space left by failed or struggling clothing chains.
Scott Jones’ home in Carmel can be had for $3.9M
The tech entrepreneur officially has put his 24,400-square-foot mansion on the market while also planning to unload its contents at an estate sale next month.
Downtown roundup: Barbecue joint delays opening; men’s clothier closes
Sugarfire Smoke House won’t begin serving customers in early fall, as it had previously announced. Meanwhile, there’s turnover at another prime retail spot on Washington Street.
Sneak peek: North-side Ironworks hotel oozes industrial chic
The $20 million, 120-room hotel is expected to open in mid-September, when guests can bask in decor that pays homage to the nation’s industrial roots.
Scott Jones puts contents of Carmel mansion up for sale
The 27,000-square-foot home is expected to go on the market soon. But its furnishings and some of the tech guru’s belongings will be available at a September estate sale.
East side’s Promise Zone hits big milestone by leveraging nearly $120M
The area on the near-east side is one of eight nationally to be designated for the program, which gives high-poverty communities a leg up in receiving assistance for revitalization efforts.
Owner of Five Seasons sports club puts north-side property on market
Corporex, which announced earlier this month that the fitness club would close on Sept. 30, is shopping the site as an opportunity for an office redevelopment.
Mile Square residents to vote on funding spiffier upkeep, improved services
The owners of about 1,200 downtown properties soon can expect to receive petitions asking for them to financially support improvements for the city's core, potentially raising $3 million per year.
Abundant building keeps home prices low
A new study shows that Indianapolis area home values have increased just 12.8 percent increase over a 15-year period. That’s less than in metro areas on the coasts and even some in the Midwest.
Roundup: Chocolate maker returning to Indy; Fresh to Order opens second eatery
A Fort Wayne fixture is coming back to Indianapolis, with plans to open a craft chocolate shop and sundae bar in the Keystone at the Crossing area.
$40M apartment project intended to help transform Brownsburg’s downtown
The development is part of the town’s larger plans to transform its nondescript downtown into a more vibrant anchor for the community.
Owner of historic downtown building pitching 24-unit condo project
The project would stand six stories and blend new construction with old by incorporating the facade and another portion of the original building at 119 S. Meridian St.
Ford plant redevelopment may get even bigger
TWG’s plans for the near-east side could extend beyond the century-old Ford plant to include the adjacent building to the east that houses Ivy Tech Community College’s automotive program.
Eleven local groups float plans for redeveloping Old City Hall
The proposals include work space for startups and a city visitors center, as Indianapolis officials search for a new strategy for reusing the stately, 107-year-old building.
Children’s Museum, Salvation Army reach ‘settlement in principle’ over property spat
Attorneys for the two neighboring property owners told a judge Monday that they’re drafting a final document to resolve a dispute over the museum’s $35 million outdoor expansion project.
City prepared to kick in $4.6M toward Bottleworks project
The money will be used to move an electric transmission line that runs through the property, as well as to activate insurance policies that should cover environmental remediation costs.
Three-story mixed-use project in Broad Ripple gets balky feedback from city
Developers want to demolish two residential structures along Guilford Avenue to make way for the project, which would feature retail and office space in addition to 10 apartments.
Roundup: New restaurant stakes out Bourbon Street building; more eateries in Speedway
A culinary concept called Stixx appears to be settling where Bourbon Street Distillery operated for 15 years, while Speedway’s bustling Main Street welcomes two new arrivals.
Tech activity driving downtown office demand
Vacancy continues to decline as Salesforce takes more space in the city’s tallest building and other tech firms put down stakes. And with the greater demand, rents are escalating.