Ardizzone Enterprises Inc. in Beech Grove is preparing to open a two-building, 63-suite office complex on U.S. 31 south of Interstate 465. The company has invested $4.2 million in the project.
The south side is beginning to receive at least some attention from grocery players, including specialty ones that are much more prevalent to the north.
The announcement from the Nebraska-based outdoor retailer comes five years after it abandoned plans to build a store near Interstate 65 and County Line Road in Greenwood.
Metropolitan Development Commission members this time voted to approve the project on North College Avenue after a bizarre procedural twist last time prompted a re-vote.
Now that Mayor Greg Ballard is lobbying to build a criminal justice complex on part of the property—a use not included in any of five initial proposals—one hopeful development team believes it’s time for the public to see what it envisions for the site.
Browning Investments Inc. says that it is seeking $5.7 million from the bond issue to help finance Canal Pointe, its controversial $30 million apartments-and-retail project.
La Mulita, a cantina-style restaurant, is moving into the SoBro building that houses Delicia, Artisano’s is taking the last available space at Nora Shops West, and Tinker Street is expected to open this summer on East 16th Street.
The Indianapolis City-County Council voted 18-9 Monday night to provide up to $23 million in city financing for the project, with the stipulation that 30 percent of the workers hired to build the 28-story building live in Marion County.
The vacant, 14,500-square-foot property in the heart of the city has been purchased by a local home-remodeling company, which plans to occupy half the building and lease the rest.
Franchisees of the national chains are accused of breaking lease terms. Cinnabon allegedly owes thousands of dollars in back rent and Orange Leaf never occupied the downtown space it said it would.
In the latest round of awards, TWG Development LLC received $836,756 in federal credits to help finance a $9.6 million senior-housing project at 1352 N. Illinois St.
Re-examination of the scope of the not-for-profit group’s project has stalled progress on a three-way property exchange that would clear the way for a massive apartment project on Massachusetts Avenue.
The vacancy rate for Class A space approached 20 percent in 2011 for the first time in at least 15 years and kept trending upward, settling at 21.4 percent at the end of last year.
Moser Consulting Inc. has purchased the building that formerly housed the high-end restaurant and plans to invest about $1.4 million in a transformation.
The preservation group paid $50,000 to rescue the near-north side temple on Ruckle Street, which was first occupied by the Beth-El congregation. After a roof replacement, officials hope to find a tenant for the historic building.
A City-County Council committee recommended approval for the 28-story building but only if the developer pledges that 30 percent of the workers it hires to build the tower live in Marion County.
Carmel resident Mark Palombaro received a sentence of 18 months in a federal prison for perpetrating a construction kickback scheme in Pennsylvania that prosecutors say netted him $766,000.
Daredevil Brewing Co. in Shelbyville plans to construct a 10,000-square-foot production facility and tap room on a lot that it purchased on Main Street in Speedway.
City officials hope the transit hub will serve as a signature structure that could trigger further development in the area. Work is expected to begin in the fall; completion is expected by the end of 2015.
The latest plan to redevelop Pan Am Plaza calls for two hotels, residential units and restaurants spread across two towers as tall as 20 stories each, sources familiar with the details told IBJ.
