Fountain Square project would need city subsidy
Three proposals to develop a city-owned parking lot come with the caveat that they’ll likely need city assistance ranging from “very little” to “a lot.”
Scott Olson
Articles
Roundup: Specialty grocer, Italian and Thai eateries, and new nano-brew concept
Fresh Thyme prepares to enter the Indianapolis market while Wal-Mart pushes its Neighborhood Market concept. Also, Olive Garden expands and a Thai restaurant opens downtown.
Zender nears deal for 16-building apartment portfolio
The privately owned company has been shopping the 16-building portfolio for more than a year and thought it had a buyer before the deal fell through. Now, another potential suitor has stepped forward.
Gershman co-founder goes solo
A heavy hitter among commercial real estate developers has left the firm he helped found more than 20 years ago, to start his own company, and has taken most of its employees with him.
‘Wedding cake’ house gets new residents after long vacancy, suspected arson
The historic Kemper House on North Delaware Street is no longer vacant, occupied by a couple who would seem to be ideal residents.
$12M apartment project serving homeless vets
The $12 million, 75-unit complex officially opened Tuesday on the city’s near-west side as the first supportive housing facility for homeless veterans.
Local law firm reaps $6.3M in fees from BMV class-action suit
Cohen & Malad LLP’s fee represents 21 percent of the $30 million awarded to Hoosier motorists as part of a settlement approved by a Marion Superior Court judge Nov. 12. The BMV was accused of overcharging for driver’s licenses.
Simon’s decision to open malls on Thanksgiving draws criticism
An online petition drive launched by employees of stores in Simon properties urges the company to rethink a decision to open its malls at 8 p.m. on Thanksgiving. One petition so far has gathered nearly 18,000 signatures.
New Eskenazi hospital offers heavy dose of artwork
At 1.3 million square feet, the new hospital has plenty of room to display art, most of which was purchased with contributions from donors. The hospital is set to open Dec. 7.
Irvington group’s plan for historic building reduced to rubble
Strong storms that blew through central Indiana on Sunday toppled much of the two-story former post office building, which had withstood the tests of time for 110 years.
CityWay project takes top Monumental Award honor
The Indy Chamber presents the awards that honor significant achievements in architecture and design. Buckingham Cos.’ CityWay also won in the Public Art category.
Study: Downtown can sustain huge apartment boom
About 3,500 rental units are expected to be built downtown by 2017, adding to 4,700 already on the market. But the analysis says there’s no need to worry about overbuilding.
Buyer of Illinois Building envisions conversion into upscale hotel
A high-profile local developer has bought the Illinois Building and is considering offers to convert the downtown landmark into a boutique hotel that could be the city’s first five-star lodge.
Two projects on tap for Near-North area
One is an affordable senior-housing complex on North Illinois Street and the other is a small mixed-use development on North Meridian Street that could house a medical clinic.
Local businessman agrees to settle trustee claims
Stephen Blaising said in a recent court filing that he will pay $125,000 to satisfy a lawsuit brought by the bankruptcy trustee representing investors in an Ohio company led by Tim Durham.
Uptown Business Center headed to sheriff’s sale
The building in SoBro is at the center of a lengthy court feud in which the owner had attempted to delay foreclosure by filing to reorganize assets—a strategy that a bankruptcy judge rejected last month.
Buggs Temple doesn’t stay empty for long
One of the city’s largest caterers, Thomas Caterers of Distinction Inc., has agreed to lease both levels while it pursues a purchase of the two-story building, the owner of the company said.
Buggs Temple tenants close their doors
Creation Cafe and Euphoria Events closed Tuesday, after the owners said they couldn’t come to terms on a new lease.
Roundup: Soup joint, Ethiopian eats and relocations
Soupremacy is set to take space just off Monument Circle vacated by Teapots n Treasures, which moved a couple of blocks away, while Ambrosia settles into new digs in Broad Ripple.
Local developer plans six-story office building in Castleton
Edgeworth Laskey Properties LLC, which has developed three buildings within Allison Pointe Park, bought the 10.5-acre parcel along Interstate 465 from a suburban Chicago company.