Marion County is suffering from a severe shortage of affordable housing and the inventory is not expected to increase anytime soon. The most popular financing option to help build affordable housing projects is so limited that only a small fraction of the developments get built.
Two bids for redeveloping the City-County Building’s southern plaza came in more than $6 million higher than the $10 million budget, forcing officials to reevaluate. Plus: Updates on the 21c Museum Hotel, Cummins distribution headquarters, and The Coil.
The former Subway pitchman pleaded guilty to one count each of traveling to engage in illicit sexual conduct with a minor and distribution and receipt of child pornography. A judge also ordered him to pay a $175,000 fine and required him to serve a lifetime of supervised release after his sentence.
Cincinnati-based Kroger announced it will spend $464 million to beef up its operations in Central Indiana, as competition in the region heats up from Fresh Market, Fresh Thyme Farmers Market, Trader Joe’s and Earth Fare, as well as the addition of several Wal-Mart Neighborhood Markets.
The company’s local headcount is expected to grow from 1,400 to more than 2,000 in the next few years.
The Broken Beaker micro-distillery is set to open in mid-January on Mass Ave, while Mimi Blue Meatballs is expanding from its lone location, on the Avenue, into Hamilton County.
Three residents have taken the unusual step of asking a Marion County judge to block the $10 million development, arguing it’s too big for the neighborhood.
Two local developers are teaming to build a $50 million mixed-use project adjacent to the Indianapolis Motor Speedway that would anchor the town’s revitalized Main Street.
The gift is part of a new, 10-year lease agreement the city is close to signing with the Indiana Repertory Theatre, which calls for IRT to provide building upkeep by paying into a fund in lieu of rent.
Coast to Coast Imports, which specializes in pre-owned luxury autos, will add a third Indy location, near the busy intersection of Keystone Avenue and East 96th Street.
TCC Software Solutions bought a property on East 52nd Street in 2012 and began occupying one of the buildings in early 2014. Now the company plans to renovate another structure at the site to accommodate its growth.
The Seattle-based coffee giant is seeking alcohol permits to offer beer and wine at four Indianapolis outposts and five others in collar counties.
Nature’s Table has staked out space at the Indianapolis International Airport while Rocket 88 Doughnuts is expanding to south Broad Ripple. Also, a couple more craft breweries are on tap.
Gap and Gap Kids, which opened along with Circle Centre in 1995, plan to close Jan. 26. Also on the third floor, the American Greetings card shop is shutting down at the end of next month.
The group that owns the landmark entertainment and hospitality venue in downtown Indianapolis has decided not to sell the building after Live Nation made an offer late last year.
A local company bought the historic building at 351 S. East St., near the entrance of the Fletcher Place neighborhood, and plans to convert it into office space.
Onward Investors purchased the former Disciples Center in September and now will embark on a major renovation of the building that includes a new facade and space for a restaurant or retail user on the ground level.
The 48-story Chase Tower, the state’s tallest office building, has more vacant space than it has had in decades. But increasing speculation in the local office market that Salesforce.com will take a big chunk of space there could mean it is poised for a turnaround.
The flurry of activity comes after Gershman transitioned to second-generation leadership and ditched its traditional bread-and-butter retail projects in favor of more modern mixed-use development.
The Broad Ripple juicery plans to expand to downtown and open in the Marott Center while Lincoln Square Pancake House no longer will open at Millikan on Mass. Also, November passes without Giordano’s opening downtown.
