City reaps $1.2M from Conrad hotel investment
Here’s a little-known fact: The city of Indianapolis has an ownership stake in two of downtown’s most luxurious hotels and has received nearly $1.2 million so far from one of the investments.
Scott Olson
Articles
Taxman Brewing in Bargersville opening gastropub near Geist
After hitting it big south of Indianapolis, owners of the brewpub plan to open a second location in mid-June in a town aggressively pursuing development.
Quarry at River North readies for first tenants near Fashion Mall
The $30 million apartment project will open 65 of 196 units by April 15, bringing another rental option to the upscale area.
Art education fundraising firm crafting $4M office at Fort Ben site
The local company considered buying its current home before hitting the drawing board and launching plans to build its own space.
Female homebuilders find success, despite small numbers
The Builders Association of Greater Indianapolis estimates that no more than 10 of its 150 members are women, with many of them building few homes.
City gives up on stalled 21c hotel, will seek new proposals
City officials are scrapping plans to help finance construction of a long-awaited 21c hotel proposed as part of a $55 million redevelopment of Old City Hall and are putting the property back up for bid.
Borshoff moving from longtime office to Mass Ave
The city’s largest public relations firm is leaving its downtown space in the historic Majestic Building for Lockerbie Marketplace.
Roundup: Broad Ripple eatery expanding; another furniture store entering market
MoFoCo, formerly the Monon Food Co., plans to open a downtown location March 27, while Bob’s Discount Furniture prepares to launch from two stores formerly occupied by a local furniture heavyweight.
$15M renovation gives Marriott North first major refresh
The 315-room hotel, built in 1998 at Keystone at the Crossing, now boasts several amenities and improvements that give it a more modern feel.
Marsh Supermarkets set to close Nora store in April
The Marsh chain continues to downsize amid growing competition. The store on East 86th Street has struggled to attract customers since a Kroger opened across the street in 2010.
Marsh poised for more closings, sued for nonpayment of rents
Struggling Marsh Supermarkets has stopped paying rent on six Indianapolis stores, a move that might suggest the struggling chain is preparing to close them to shore up finances.
Four local firms vying to redevelop downtown GM property
The entity charged with selling the 103-acre site said the proposals represent up to $1 billion in investment to transform the vacant parcel into a destination.
Developer gets feedback on $260M Bottleworks project from city planners
Hendricks Commercial Properties has scaled back some of the plans for the massive mixed-use development at College and Massachusetts avenues, at the site of a former Coca-Cola bottling plant.
Big Car launches affordable home-ownership program for artists
Approved artists would co-own the renovated homes in the Garfield Park neighborhood and only pay half the cost of the property.
Other suitors will have chance to outbid HHGregg’s proposed buyer
The Indianapolis-based appliance and electronics retailer says it has interest from dozens of potential purchasers.
Salesforce expansion will fill one-quarter of Salesforce Tower
The San Francisco-based tech giant in May will begin occupying 11 floors in the 48-story building.
Redevelopment of Irvington Coal Factory site stalls
A plan to build a $7.7 million affordable housing project on the site failed to win the necessary tax credits to help finance the development.
Debut of $37M Coil to kick off Broad Ripple apartment flurry
The village is expected to add as many as 500 rental units in the next year or so. Businesses hope they’ll boost daytime traffic in the area traditionally known for its nightlife.
Development taking off in east-side corridor
Harrison College is asking $11.5 million for its two-building campus along East Washington Street, a steep jump from their assessed values but reflective of the area’s increasing potential for growth.
HHGregg closing 88 stores, three distribution facilities
The closure of 40 percent of the retailer’s stores will result in the elimination of about 1,500 jobs.