PulteGroup amasses 270 acres in Plainfield to build homes
PulteGroup is embarking on a large residential development in Plainfield that provides one of the clearest signals yet that the local housing market is on the mend.
Scott Olson
Articles
Roundup: Broken Beaker coming to Mass Ave, Rural King to Greenwood
A distillery is set to take the space formerly occupied by Bikes on Mass Ave, which plans to reopen nearby with a concept hawking beer and coffee. Plus: Mooyah burgers in Noblesville, go-karting in Fishers, and a craft brewery in Carmel.
Developer updates plans for Broad Ripple apartment project
Browning Investments has dubbed its apartment-and-retail development to be built along the Central Canal as The Coil. Its 150 units are more than originally envisioned.
Office, industrial markets heated up in 2014
Both markets posted strong results as demand for space improved following the recession. Downtown office demand remained weak, however.
Struggling strip centers reorganizing under bankruptcy
The two centers are owned by Centre Properties and located on the east and west sides of Indianapolis. Meanwhile, in a separate case, a lender is seeking to foreclose on several industrial buildings.
Trucking company buys former off-airport parking land
Knight Transportation paid $4 million for the site in Plainfield and plans to build a driving school where a parking firm once operated before it was purchased last year by a competitor.
Developer bets $40M on mixed-use project near IUPUI
A West Lafayette firm plans to construct an 11-story downtown apartment and retail project that would add to the growing number of housing developments targeting IUPUI students.
Vacant downtown lot where temple once stood finally sells
John Watson of Core Redevelopment bought the site at the southeast corner of 10th and Delaware streets and plans to build a small office and residential project on the property.
REIT stock prices climb on rebounding economy
Shares of real estate investment trusts Duke, Kite and Simon have all hit 52-week highs this month, with Simon climbing above $200 for the first time since the company went public.
Update: Giordano’s targeting more than one Indy location
The CEO of the Chicago-based pizzeria says he’s scouting downtown locations and hopes to have a lease signed within the next three months.
Sprawling industrial complex near Cottage Home attracts buyer
Teagan Development has agreed to buy the 539,000-square-foot building near Mass Ave and the Monon Trail and plans to convert some of the space into restaurant and retail uses.
Veteran business lawyer exits large firm for small practice
Wayne C. Turner leaves Bingham Greenebaum Doll LLP to lend his name to a business litigation boutique firm, creating Hoover Hull Turner LLP.
Owners of popular Greek restaurant turning 1920s warehouse into event center
Taki and Jeanette Sawi of Santorini Greek Kitchen, in Fountain Square, are branching out to open a large banquet facility in a nearly century-old warehouse on the southwestern edge of downtown just across the White River and not far from Lucas Oil Stadium.
Roundup: Vitality Bowls, Corner Bakery among Carmel debuts
Eateries set to open in Carmel in the next few months include Vitality Bowls and Corner Bakery Cafe, while Thai Paradise launches in downtown Indianapolis.
Metropolis getting name change as part of potential $9M makeover
The new name should coincide with the completion later this year of a major makeover to the west-side mall, which the owner hopes to undertake with financial assistance from Plainfield.
Prominent jeweler retrenches after auction of inventory
Despite an auction of inventory to satisfy a debt, Aronstam Fine Jewelers is in no danger of closing, the store’s owner says, thanks to the help of outside investors.
Clark Appliance preparing to liquidate inventory
The liquidation follows last month’s closing of the high-end appliance retailer’s store in Castleton and comes after a failed attempt to reorganize.
Update: Restaurateur gets go-ahead on Amici’s project
The Indianapolis Historic Preservation Commission signed off on Mike Cunningham’s plans for the downtown restaurant site, which include renovation of the existing building and construction of a new structure.
Lids falters in expansion beyond headgear
Sales for Indianapolis-based Lids Sports Group have been so disappointing that parent Genesco Inc. within the past six months has twice cut its fiscal 2015 full-year earnings, from a high of $5.55 per share to a low of $4.75 per share.
Local developer plans to raze homes for Broad Ripple apartment project
The $5 million, 24-unit project would be built on Winthrop Avenue just west of the Monon Trail, where five rental homes would need to be demolished.