Downtown condo association again files suit for building damage
Residents of the Hudson condominium complex are suing the owner after the latest round of problems caused $6 million in damage to the structure.
Scott Olson
Articles
Ironworks’ $20.1M hotel project eyes tax break, sidewalk to Fashion Mall area
The developer wants help to offset costs of the 120-room hotel, to be built next to Ironworks at 86th Street and Keystone Avenue. The project would include a sidewalk along 86th Street linking the hotel to the Keystone at the Crossing area.
Colliers buys Summit, continuing commercial real estate shakeup
Real estate firm Colliers International upped its stake in the Indianapolis market by acquiring locally owned Summit Realty Group. At the same time, former Colliers affiliate Resource Commercial Real Estate has reverted to its original name.
Developer Alig to plead guilty to 2 felonies, pay restitution
Cornelius “Lee” Alig has agreed to plead guilty to two of 20 felony counts and pay restitution of $321,000.
Mass Ave industrial corridor poised for cleanup
An effort is underway to bring new life to a beaten-down stretch of Massachusetts Avenue just outside downtown that's filled with obsolete industrial buildings.
Large Noble Roman’s investor calls for sale of company
In a scathing letter to directors, Privet Fund LP said accountability is sorely lacking throughout the upper ranks of the company, which has a stock price languishing below $2 a share.
Q&A: Scott Harris, outgoing Speedway redevelopment guru
The outgoing executive director of the Speedway Redevelopment Commission waxes on the progress the town has made remaking its Main Street.
Battered retailers seek sales salvation in holiday season
Indiana’s publicly traded retailers are hoping a strong shopping season will allow them to finish with a flourish after a bruising 2015.
Salvage shop rescues industrial, medical antiques
Society of Salvage, a 2-year-old shop on downtown’s east side owned by Sandra Jarvis, has carved out an unusual niche in the salvage industry by unearthing industrial equipment and medical oddities from old buildings and factories.
YMCA ready to kick open doors to $24M CityWay facility
The $24 million, three-story building at the southeast corner of Delaware and South streets downtown is set to open to the public Dec. 15.
Veritas ready to refurbish old Broad Ripple Legion building
The commercial real estate firm will invest $2.5 million in the building that it bought earlier this year to convert into its headquarters. Work should begin next month and finish by summer.
Rezoning for $17M north-side senior facility moves forward
The Metropolitan Development Commission voted 6-2 in favor of Stonecrest Senior Living’s request to rezone 4.8 acres of wooded wetlands at the southeast corner of 86th and North Meridian streets.
Controversial senior facility at 86th and Meridian up for zoning vote
The decision by the Metropolitan Development Commission on Wednesday would pave the way for construction of the 85-unit facility at one of the city’s most traveled intersections. Neighbors fiercely oppose it.
$8.5M apartment project could help revive near-west side
The Westside Community Development Corp. is proposing to develop the 56-unit affordable housing project along Michigan Street as part of a larger effort to rejuvenate the area.
Woodruff Place neighborhood OKs tax to repair historic features
Residents in the neighborhood have created an Economic Improvement District—a tactic that the trendier neighborhoods of Fountain Square and Mass Ave have not been able to accomplish.
Roundup: Breakfast eatery opening downtown; Crackers set for new locale
The restaurant will take space in the first phase of Pulliam Square, north of The Tap, while Crackers Comedy Club will reopen downtown, about a block south.
CBRE’s three-year courtship of Sitehawk pays off
After becoming managing director in 2010 of the local CBRE office, John Merrill knew he needed to do something to improve the firm’s retail services. He soon set his sights on market leader Sitehawk.
Backlash causes Simon to reverse course on Santa glacier display
The Indianapolis-based mall owner already has reversed a decision to—in some malls—replace its traditional Christmas tree in favor of the glacier display after it received a chilly reception.
Downtown bike lane causing confusion
The city of Indianapolis this week installed a bike lane on the west side of Pennsylvania Street, but apparently no one got the memo, judging from the number of cars parking in the lane.
From humble start, developer expands to 30 hotels
Since arriving in Indianapolis in 1989—to buy a Days Inn on the city’s south side—Bharat Patel has grown his portfolio to nearly 30 properties stretching from California to New Jersey.