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City open to additional funding for Old City Hall project after major budget increase

July 5, 2024 | Mickey Shuey

Indianapolis-based TWG Development LLC now says it will cost as much as $264 million to overhaul the historic building and build a 32-story apartment and hotel tower on a lot directly to its north—an increase of nearly 90% from the original budget.

Council plans introduction of tweaked downtown tax district

July 2, 2024 | Taylor Wooten

Funds raised from the downtown economic enhancement district would pay for cleaning and beautification efforts, public safety initiatives, homeless outreach and costs associated with a planned low-barrier shelter.

Owner of 27-story downtown apartment tower faces $101M foreclosure lawsuit

July 2, 2024 | Mickey Shuey

Since it was completed in 2018 at a cost of $120 million, the tower has become one of the city’s priciest residential properties, with an average rent of $2,365 per month, or $2.58 per square foot.

City views soccer stadium as catalyst for growth

June 28, 2024 | Mickey Shuey

With funding plans for a proposed soccer stadium clearing another hurdle this week, Indianapolis leaders, developers and brokers are beginning to evaluate the impact such a project could have on the near-east side of downtown.

Westfield planning $164M downtown redevelopment project

June 21, 2024 | Daniel Bradley

Plans for Park & Poplar call for a boutique hotel, office space, retail and luxury multifamily residences.

Meet the new city-county councilor with eye on redevelopment at Towne and Terrace

June 21, 2024 | Taylor Wooten

Rena Allen, a corporate compliance analyst at Eskenazi Health, last month was selected by a Democratic caucus to fill a vacancy on the City-County Council in District 15 on the far-east side of Indianapolis.

Mexican restaurant planned at new development in Fishers District

June 6, 2024 | Daniel Bradley

Arechiga Restaurant Group is set to open Piedra in Fishers in a 5,000-square-foot space with an outdoor patio area at The Union at Fishers District.

New owner plans to carry on Metro’s LGBTQ legacy on Mass Ave

June 3, 2024 | Dave Lindquist

The owner of Mass Ave sushi restaurant FortyFive Degrees purchased the 7,200-square-foot Metro bar and restaurant in May.

Governor says he won’t get involved in spat between city, Keystone over MLS team and stadium deal

May 24, 2024 | Mickey Shuey

Eric Holcomb told IBJ while he is hopeful Indianapolis will secure a Major League Soccer club—an effort Joe Hogsett announced during a public address on April 25—it will have to do so without having him play facilitator.

City faces challenges, new considerations in effort for MLS

May 24, 2024 | Mickey Shuey

Although the possibility of a Major League Soccer stadium in Indianapolis is still up in the air, city officials are considering design possibilities for their preferred site, on the east side of downtown.

After legislative changes earlier this year, what’s next for Indy’s downtown tax district?

May 24, 2024 | Taylor Wooten

Under the new law, owners of apartments and single-family homes are exempted from the tax unless they decide to opt in to paying the tax, leaving potential for a large decrease in available funds.

Stout’s Shoes, Japanese steakhouse among businesses planning openings at Carmel development

May 16, 2024 | Daniel Bradley

In addition to a shoe store, steakhouse, med spa and brewery taproom, The Signature will have eight owner-occupied condominiums, 295 luxury apartments and a 374-space public parking garage.

Local restaurateur plans $6.4M steakhouse in downtown Westfield

May 13, 2024 | Daniel Bradley

Restauranteur Henri Najem plans to build the 9,500-square-foot, high-end restaurant near Grand Junction Plaza.

Timeline firming up for converting Gold Building to apartments as construction costs climb

May 7, 2024 | Mickey Shuey

Last month, city officials and the two developers reached a tentative deal for addressing key elements of the overhaul of downtown’s City Market block, including reskinning the Gold Building and renovating the adjacent Ohio Street parking garage.

Restaurateur takes over former downtown bank branch by Riley Towers

April 30, 2024 | Dave Lindquist

FortyFive Degrees owner Bill Pritt said he intends for Harrison’s Restaurant, a concept based on “good portions and fair prices,” to open by spring 2025.

Owner of historic building in possible MLS stadium development area says she won’t sell

April 29, 2024 | Mickey Shuey

A proposal to develop a Major League Soccer stadium on the east side of downtown Indianapolis is facing some early resistance from the owner of a historic property in the heart of the proposed development area.

Noblesville district would allow drinking and strolling

April 26, 2024 | Daniel Bradley

A proposed district in downtown Noblesville could make life easier for festival organizers, strengthen the bottom line for business owners, and help residents and visitors have a good time.

Hogsett’s plan to win MLS franchise faces city-level legislative hurdles

April 26, 2024 | Taylor Wooten

Following the mayor’s announcement, some Indianapolis councilors expressed apprehension about abandoning a soccer stadium already in the works. But the council’s majority Democratic leaders have not weighed in.

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