Selling 14 West building proving to be quite difficult
With an asking price in the neighborhood of $4 million and no serious offers, the listing agent attempted to generate additional interest through a “call for offers.”
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Articles
Lilly pulls back from proposals lowering takeover barriers
Fortunately, a Lilly takeover looks less likely today than it has in a long time—for both obvious and more subtle reasons.
Franklin taking bids on historic Old City Hall
Franklin officials are soliciting bids to purchase and renovate the “Old City Hall” building in the downtown area of the city south of Indianapolis. The starting offer is $212,500 for the former U.S. Post Office built in 1936.
Some states dropping GED as test price spikes
New version of ubiquitous test also will no longer be offered in pencil and paper format.
Westfield schools looking to cash in on valuable land
The state’s $600 million overhaul of U.S. 31 in Hamilton County could be a boon to Westfield Washington Schools, which is selling 14 acres of prime property near what will become one of 10 interstate-like interchanges on the highway.
Stations switching weather lineups as Buchman nears return to air
Local television stations are each preparing in their own way for the return to the air this fall of popular weathercaster Angela Buchman.
Big names lining up to tackle Market Square site
City officials will have at least four proposals to consider for redevelopment of a downtown parking lot where Market Square Arena once stood. Bids are due to the city by April 22.
Bids to redevelop MSA site top out at 52 stories tall
The renewed interest in the site, where previous attempts at redevelopment in 2004 and 2007 failed, comes after Indianapolis Mayor Greg Ballard called for new proposals during his State of the City speech in March.
Proposed Meijer store would displace historic homes
The retail chain Meijer hopes to build a store near 16th and Dr. Martin Luther King Jr. streets north of downtown as part of a mixed-use project by Opus Development Corp.
Residents decry Fortville’s big annexation plans as land grab
Property owners southeast of Geist Reservoir are vowing to fight involuntary annexation of a 9-square-mile area by the town of Fortville, which would add $53.5 million to its property tax base.
Big Easy writer says Indy should drop ’18 Super Bowl bid
Within three weeks, Indianapolis should know whom it faces in its bid to host the 2018 Super Bowl. The bidding for the next three Super Bowls is bound to be competitive. And a little ugly.
Horizon Bank gains access to Mass Ave with building purchase
Michigan City-based Horizon Bank bought the two-story building at 302 N. Alabama St. for $1.5 million and is embarking on a “substantial” investment in the property.
Demolition starts at old Indianapolis airport terminal
The terminal's four concourses and other structures built between 1954 and 1987 are all expected to be cleared by year's end.
Wheels in motion to select developer of MSA site
City officials began interviewing candidates this week to redevelop a downtown parking lot where Market Square Arena once stood. The city last month received bids from six teams, the names of which have been provided by officials.
Athenaeum weighs bids for surface lot redevelopment
Three developers are competing to build a mixed-use project likely to include a parking garage on a surface lot adjacent to the historic Athenaeum building.
FBI searches City-County Building, makes multiple arrests in Land Bank probe
FBI agents on Tuesday morning conducted a warrant search at the Department of Metropolitan Development in the City-County Building, shortly after agents arrested multiple people, including city employees.
Feds charge 5 in Indy Land Bank kickback scheme
Federal prosecutors have charged two city employees in the Department of Metropolitan Development and three others in a scheme involving cash kickbacks on the sale of properties in the Indy Land Bank.
High-profile developer chases Indy debut
Cleveland-based Forest City Enterprises Inc., developer of the 76-story New York by Gehry in New York City, is teaming with Keystone Group in its bid to redevelop a prime piece of downtown real estate where Market Square Arena once stood.
City panel tables approval of new towing contract
The Indianapolis Board of Code Enforcement put off voting on a new citywide towing-management contract Thursday after members said they wanted more information about the bids from San Francisco-based AutoReturn and its local competitors.
Westfield’s ‘Grand’ plans extend downtown, too
More than five years in the making, Westfield’s $20 million Grand Junction initiative is moving forward. Mayor Andy Cook said the project already is paying off.