Construction on 400-unit apartment community finally to begin at former Pittman Farms
A five-year legal battle among members of the Pittman family delayed the project. Those disputes were settled two years ago.
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Supplier for electric vehicles plans $48M move to Lawrence
Parker Lord plans to migrate 102 employees from its 214,000-square-foot existing facility at 5101 E. 65th St. and hire another 55 at the new facility in Lawrence.
Apartment growth supports surge in downtown Indianapolis living
Nearly 29,000 residents now live downtown, up from about 15,000 in 2010. It’s a number that has been growing as developers continue to add apartment and condo units in the Mile Square and downtown neighborhoods.
Keystone unveils renderings for $1B Eleven Park; demolition to start in May
The developer plans to put a 20,000-seat soccer stadium for the Indy Eleven right along the White River, which is on the western edge of the former Diamond Chain manufacturing site.
Monarch Beverage plans move to new $73M facility on Indy’s east side
The company plans to retain 500 workers when its relocates from its existing distribution center on Pendleton Pike in Lawrence to the new facility under development in Indianapolis.
Developer seeks $10.7M tax break on $79M apartment project
A team of two local developers planning the 273-unit Hall Place apartment project at 1720 N. Illinois St. promises to bring dozens of low-rent apartment units to the neighborhood northeast of the expanded Indiana University Health campus.
Bill would compel districts to close underused buildings, offer them to charters
A bill in the Indiana Senate would significantly expand a state law that requires school districts to make their empty buildings available to charter schools.
Wabash Brewing to end 8-year run in latest beer-maker closure
Small-batch beer maker Wabash Brewing LLC announced Tuesday its plans to close its location on East 79th Street permanently—the latest exit in a season of tumult for Indy-area brewers.
Real estate brokerage makes Indianapolis its HQ city after local growth
One of the Indy area’s largest commercial real estate brokerages has decided to designate Indianapolis as its headquarters city, after decades of being based in its hometown of South Bend.
Council committee OKs $18.8M in TIF bonds for City Market East
A City-County Council committee passed a group of proposals Monday night to set the stage for the upcoming $180 million City Market East project.
IU real estate students launch $4.2M private equity firm
All of the money in the fund came from investments rather than donations, meaning those involved expect a return on their input.
Downtown’s Allen Plaza sold to local investment group
The building’s 58,800 square feet of office and retail space is now mostly vacant, following exits in recent years by Scotty’s Brewhouse, HomeAdvisor and third-party logistics company Backhaul Direct.
City planning to buy Drake apartment building from Children’s Museum
The Drake has been a often-discussed property since the museum said in mid-2019 the it planned to raze the 95-year-old building as part of a larger real estate effort to make space for additional exhibits and parking.
IBJ Podcast: Digging into Salesforce’s ‘restructuring’ and what it could mean for Indianapolis
The global tech giant revealed Wednesday that planned to lay off about 10% of its employees companywide and shrink its real estate footprint. But execs are mum on the possible ramifications for downtown’s Salesforce Tower.
One dead, one wounded in shooting outside Castleton Square
The shooting occurred just before 8 p.m. outside the state’s largest shopping center, the Indianapolis Metropolitan Police Department said.
Chick-fil-A at Circle Centre Mall closes
A Chick-fil-A location in Circle Centre Mall’s third-floor food court permanently closed on New Year’s Eve after 20 years in the location.
Blues lounge set to open at Circle Centre in former Burger Study space
On Tuesday, the Alcoholic Beverage Board of Marion County approved the transfer of a beer, wine and liquor restaurant license to lounge owner and operator Larry Jones.
Crunch Fitness plans Michigan Road location, the chain’s first in Indiana
Crunch Fitness plans to occupy part of former J.C. Penney location near the intersection of 86th Street and Michigan Road.
With new Chase bank rising in parking lot of former Marsh, 2 other branches to close
A new J.P. Morgan Chase & Co. bank branch is expected to open May 1 at the intersection of 62nd Street and North Keystone Avenue, but two nearby locations are slated to close in early 2023.
City seeks developer input on former Oaktree Apartments site
The city is seeking input from developers on how to revitalize the former site of a long-troubled apartment complex on the far-east side of Indianapolis, officials announced Wednesday.