Keystone planning $70M, 248-unit apartment complex in Fort Ben area
The Fort Harrison Reuse Authority has offered a 3.8-acre parcel of land to developer Keystone Group for $10 as an incentive to go ahead with the project.
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Q&A with Jason Foltz, a farmer plowing new ground with historic building
Foltz and his friend Rob Nolley purchased Blessing’s Opera House, a four-story building built in 1869 on Shelbyville’s Public Square, and are developing one of its floors into an event center.
Logistics company to move into Circle Centre Mall space
Direct Connect has about 250 employees based in Indianapolis, with plans to hire an additional 150 workers by the end of 2023.
Real estate brokerage tabs new market director for Indianapolis
Kimber Kinsley joins CBRE from Diageo, a global alcoholic beverage conglomerate, where she worked as a sales analytics manager with a focus on increasing revenue by limiting risks.
Mass Ave cocktail bar planned at former Libertine site
The husband-and-wife team of Dan and Anna Cage will add the bar, called Nowhere Special, to a portfolio that includes Broad Ripple restaurant Ambrosia, Fall Creek Place restaurant Bocca and Fountain Square speakeasy Commodore.
Carmel announces plans for $100M first phase of redevelopment at Monon Square
The Monon Square North project at East 126th Street and South Rangeline Road is expected to include housing, office space and retail space, restaurants and parking.
Last days of Duke: Developer, jobs set to dissolve with acquisition’s approval
Duke Realty Corp.’s legacy will linger beyond its pending $26 billion all-stock acquisition by industrial-sector behemoth Prologis Inc., expected to close early next month.
Pedcor planning $700M mixed-use development at 111th and Pennsylvania in Carmel
The 38-acre development would include multifamily housing, attached townhouses, 430,000 square feet of retail and office space, public outdoor space and public parking garages.
New 8,500-seat arena for Indy Fuel part of $650M Fishers District expansion plan
Fishers officials on Wednesday announced a $650 million expansion plan for Fishers District that includes the arena, a new event center, residential and lodging developments, and entertainment and dining options.
City incentives still in the works for Jail II redevelopment
The developer behind the proposed revamp of the former Jail II and Arrestee Processing Center facilities on the eastern edge of downtown Indianapolis said he expects city incentives for the project to be secured by the end of this year.
Citizens Energy says apartment landlord to sell complexes, avoid utility disconnection
Citizens Energy Group on Thursday announced an agreement with landlord JPC Affordable Housing that will result in the sale of four properties and relieve most of JPC’s past-due utility-bill debt, now totaling more than $1.9 million.
Indianapolis developer exits Birge & Held to start his own firm
Jarod Brown departs Birge & Held on good terms, with his firm’s first projects being a partnership with his former company consisting of $250 million in developments across Indiana, Georgia, Texas, Iowa and Florida.
Giant Eagle planning new Market District supermarket in Westfield
Pittsburgh-based Giant Eagle swooped into the Indianapolis market in October 2015 by opening a Market District supermarket in Carmel. It also owns more than 50 GetGo Cafe + Market stores in central Indiana.
Developer: Proposed Indy Eleven stadium won’t need more state support
The Indy Eleven soccer team owner said he is confident his plans for a downtown stadium won’t hinge on asking for more state tax dollars than already promised, despite the project’s cost increases since the Legislature agreed three years ago to help fund it.
Amazon closes, abandons plans for dozens of U.S. warehouses
During the second quarter, Amazon’s workforce shrank by roughly 100,000 jobs, to 1.52 million, the biggest quarter-to-quarter contraction in the company’s history.
Indianapolis Animal Care getting $3M grant to help build new facility
The Indianapolis Animal Care Services project previously received an $18 million commitment from the city’s Circle City Forward initiative.
Riley Towers owner replacing every brick as part of $7M project
The facade-replacement project is expected to resolve to longstanding water-infiltration issues at the 30-story towers.
Sourwine Real Estate scion tackles top role due to family health issues
Joe Sourwine, 34, took over the role of president at his family’s firm, Sourwine Real Estate Services, earlier this year after his father was diagnosed with amyotrophic lateral sclerosis, commonly called ALS.
Fishers breaks ground on $8.8 million development near Nickel Plate Trail
The Techway project includes a new two-story regional headquarters for Fairway Independent Mortgage Corp. and the rehabilitation of an existing single-story office building for Rebar Development.
Lauth finalizes purchase of Ford Visteon site, with plans for 2M-square-foot industrial park
Carmel-based developer Lauth Group Inc. said Wednesday it has acquired the former Ford Visteon campus on the east side of Indianapolis and is moving ahead with plans for a $175 million, multi-tenant industrial park on the site.