The principal developer of Carmel’s City Center, Pedcor Cos., is working with city officials on plans for a four-star boutique hotel that likely would cost at least $32 million to build and may require an additional city subsidy.
An auction to liquidate the downtown entertainment complex will be held Oct. 26 to sell more than 100 arcade games, a nine-lane bowling alley and 12 pool tables. Jillian’s operators owed the landlord roughly $700,000 in unpaid bills.
The Indiana Alcohol and Tobacco Commission voted 3-0 to give Kilroy’s a liquor permit for the location at 821 Broad Ripple Ave. despite protests from a neighborhood group.
Designation to east-side project would go beyond building certification.
CBRE Inc. accuses the local hospital system of cheating it out of consulting fees that could top seven figures related to several building projects.
The city-owned properties targeted for redevelopment are at 555 N. New Jersey St., the site of Indianapolis Fire Department administrative offices and Station No. 7, and at 501 N. New Jersey St., the location of Firefighters Credit Union.
A couple from suburban Houston bought the 187-room Ramada Inn in an online auction for $1.3 million and have rebranded it as ExtendASuites.
Lottery Director Kathryn Densborn had acknowledged that $25,000 in gym equipment and some other items included in the move to a new office may have been poor judgment.
Restaurants, a medical clinic and even a dog kennel are ripe for consideration on an 11-acre airport site slated for a gas station. Airport officials have asked for proposals from developers by Oct. 25.
Conservationists have complained that industrial development planned for part of the 7,100-acre site would destroy all but 44 acres of the state's largest restored black-soil tallgrass prairie.
The district is beginning an evaluation that could result in three buildings being sold and part of another being renovated for private-sector tenants.
Indianapolis’ Department of Code Enforcement made the recommendation Friday afternoon after citing safety concerns posed by possible structural deficiencies.
Call it Extreme Makeover: Holy Rosary. Just about every building and corner along a four-block stretch of Virginia Avenue in this historic neighborhood southeast of downtown is under construction or will be soon.
The Whitsett Group LLC’s plans call for a $22 million project that would include nearly 140 apartments and a retail component on the property where Keystone Towers stood. The company submitted the lone bid to the city to redevelop the site.
The Indianapolis Historic Preservation Commission unanimously approved the demolition of the former motel at 5585 E. Washington St.—with a few conditions. Developers plan an $8.7 million project for the site.
Indianapolis-based shopping mall giant Simon Property Group Inc. has received a new $4 billion unsecured revolving credit facility.
Indiana lottery officials say they overspent on their new headquarters and will sell some of their equipment after reports raised questions about the lavish facility.
The recession officially ended more than two years ago. But the number of local construction jobs is still down 27 percent from 2007 levels. Will the industry ever feel relief? Some segments might not recover in a big way until 2013.
California-based Blue Real Estate lost the last big chunk of its Indianapolis portfolio last week when a lender took control of Blue’s 360,000-square-foot, seven-building portfolio in Park 100.
Part of the Pan Am Plaza parking garage has reopened after being closed for several hours for emergency repairs late last week, but a report will reveal whether more extensive work is needed to restore the garage to a structurally sound state.
