Benjamin Blair: Indianapolis property taxes can finally reflect pandemic
The pandemic has affected commercial real estate but owners of property in Marion County have not yet seen changes on their property tax bill that reflect those impacts.
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Warehouse growth heads south to Franklin
More warehouses and distribution centers have begun popping up near the Interstate 65 exit in Franklin, as central Indiana’s industrial boom continues to fan farther out from Indianapolis.
Apartments planned for 110-year-old downtown office building
The Wulsin Building at 222 E. Ohio St. is expected to be acquired by an investment group later this spring. The buyers plan to spend up to $6 million to convert the eight-story structure to market-rate apartments.
Office building, 2.45-acre lot up for sale in downtown’s evolving southeast quadrant
The 10-story, 66,220-square-foot building and its 216-space parking lot are adjacent to the site of the Indianapolis Downtown Heliport, which is slated for eventual redevelopment.
Developers propose $324M in apartment developments in Carmel
Four apartment-dominated development projects totaling $324 million are in the works for Carmel’s central core. The projects include more than 1,600 parking spaces, for-sale condo units and new headquarters for two companies.
Developer plans $32M senior housing project sandwiched between St. Vincent, 86th and Ditch
Indianapolis-based Birge & Held envisions a 160-unit apartment community for seniors of limited means on roughly 3.3 acres at 1621 W. 86th St.
Pacers planning $20M downtown building next to fieldhouse, new plaza
The building would have two levels above ground and one below, with proposed uses including a basement speakeasy-style tavern, a first-floor restaurant and a second-floor event center.
The Pyramids office complex acquired by local developer
The landmark office complex on the north side of Indianapolis has been acquired by local firm KennMar, which plans to update the property with an upgraded facade and other improvements, the buyer announced Monday.
DeHaan estate could see new uses with zoning change
A zoning change would open the door for a number of new uses on the 152-acre property along the White River.
Ball State kicks off plans to revitalize Village district, build performance venue
The university hopes to bolster the declining business-and-culture district by creating a center for theater and dance and green-lighting an Ohio firm to develop a hotel, apartments, retail spots, and spaces for office and research work.
Customers to exercise under retractable roof at planned Carmel fitness center
Ozwell Fitness will feature a 2,600-square-foot retractable dome roof that will allow customers to exercise outdoors.
Downtown apartment property sells for more than $120 million
The acquisition by Indianapolis-based Zidan Management Co. is believed to be the largest single-property apartment sale in Indiana history.
Gershman, Citimark partner with Milhaus on $65M Broad Ripple project
The project at the site of a former Kroger store is expected to consist of about 234 apartment units, a 240-space parking garage and 3,600 square feet of street-level restaurant space.
Developer planning 11-story, $85M apartment project near IU Health campus
To be named Hall Place Apartments, the 308-unit project would occupy about two acres just south of 18th Street and west of Illinois Street.
U.S. office buildings face $1.1 trillion obsolescence problem
Office buildings that opened since 2015 recorded more than 51 million square feet of occupancy gains since COVID hit, but vacancies have swelled elsewhere, according to Jones Lang LaSalle.
Developer of timber-built office project in Broad Ripple seeks abatement
The project would occupy four parcels between 6407 and 6419 Ferguson St., which are occupied by four residential-style buildings that have housed short-term rentals and small businesses.
New offices for the hybrid era? Many companies are on board
Businesses recognize there is a place for offices despite the fact that they plan to give workers more flexibility to work from home.
King Cole hotel development could get $8M in city incentives
City officials plan to create an economic development area in the coming months for the Motto-branded hotel, which is being developed in the the historic King Cole building by Chicago-based Gettys Group for about $48.5 million.
Damien Center acquires SPJ headquarters on North Meridian
Damien Center plans to use the building as a second satellite location, while SPJ headquarters employees will now work mostly on a remote basis.
Citimark plans $18M revamp of former HHGregg HQ for logistics uses
And because the property fronts the busy East 96th Street commercial corridor, the developer is also exploring options for retail outlots on the north end.