Members of the Metropolitan and Economic Development Committee said they needed more information on Flaherty & Collins’ proposed $81 million high-rise project on the former Market Square Arena site.
Once the work is finished in about nine months, the Canterbury, which will be rebranded as a Le Meridien, should be able to better compete with other upscale downtown hotels, a consultant said.
Shares of the Indianapolis-based retailer had fallen 18 percent by early afternoon Thursday, after the firm reported slumping sales and profit in its latest quarter.
A year-long Keystone Avenue bridge project slated to start next month has prompted the owner of the venerable north-side steakhouse to relocate about a mile north and take over another restaurant space.
A recently retired CEO bought the historic building at 14 W. Maryland St. After renovations, he hopes to attract a national chain to the space.
The redevelopment of a nearly vacant shopping center at 56th Street and Emerson Avenue will include a Wal-Mart Neighborhood Market and 15,000 square feet of small-shop retail space.
A concert venue rivaling the size of Klipsch Music Center in Noblesville has emerged as the favorite in a bid to redevelop the former General Motors metal-stamping plant on the western edge of downtown.
The Pittsburgh-based supermarket officially announced that it will build a Market District grocery store in the development, along with a GetGo convenience store and fuel station. The stores should open in 2015.
A joint venture involving a Memphis-based developer has purchased the shopping center in Plainfield and plans to invest millions to update the troubled property. A name change also is a possibility.
Construction of the building at 6 E. Washington St. downtown is expected to wrap up by the end of the month. It features office space on the upper level with retail space below that will be occupied by Chipotle.
Soupremacy on East Market Street is the brainchild of the franchisee of the local Potbelly restaurant located just around the corner. Plus, new locations for Bub’s Burgers, Sunrise Cafe, Tuscanos Brazilian Grill, and more.
Construction of the new fire station on East 10th Street would help clear the way for a $43 million apartment and retail project on Massachusetts Avenue where the Indianapolis Fire Department’s headquarters now stands.
The local group wants a judge to overturn the city’s decision to grant zoning variances for the apartment-and-retail project. In the meantime, developer Browning Investments is moving forward with its plans.
Veteran seafood operators Nick and Andrew Caplinger opened a shop in December at East 75th Street and Shadeland Avenue that boasts a wide variety of fresh fish.
Van Rooy Properties donated a two-building apartment complex on the city’s east side that will enable Progress House to expand the number of beds it provides to recovering alcoholics and drug addicts.
The city’s largest real estate brokerage predicts that 2014 will mark the first year the economy feels like it’s actually recovering, as all sectors of the commercial real estate market continue to improve.
Aldi has purchased the land on Indiana 135 where a Pizza King restaurant and Dannemiller True Value store sit. The company will tear down the buildings to accommodate the new grocery.
Developer J. Greg Allen had planned to build condominiums on the site before the housing market crashed. He relinquished the property to his lender, BMO Harris.
Water issues have caused numerous problems for businesses around the city in the wake of this week's winter storm.
The Indy-based retailer that operates nationally as Lids plans to build a 150,000-square-foot headquarters in Zionsville, beef up local distribution operations, and go on a major hiring spree.
