Restaurant originally known as Next Door closes permanently
The restaurant’s building at the intersection of 46th Street and College Avenue previously was home to a 7-Eleven convenience store and a Double 8 grocery store.
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Developer buys Diamond Chain site for Indy Eleven soccer stadium, mixed-use district
The redevelopment of what is now an 18-acre manufacturing site downtown is expected to include apartments, a hotel, an office building and retail space—in addition to a 20,000-seat stadium. Keystone Corp. CEO Ersal Ozdemir said the project’s cost will likely top $1 billion.
Yelp closing three U.S. offices, says remote work is its future
The offices the company is closing in three major cities were its most “consistently underutilized,” with only about 2% of workspaces in use each week.
Boone County property owners asking Lebanon to annex hundreds of acres
The annexation requests come as the Indiana Economic Development Corp. pushes forward with its plans for the LEAP Lebanon Innovation and Research District.
Havertys store to occupy part of a former Castleton-area Marsh
Havertys Furniture plans to exit its building at Castleton Commons, which it has occupied since 2005, and move less than a mile away to a site with more visibility.
Fitness chain opening gigantic gym in former Marsh supermarket
The Villages at Eagle Creek location was one of 18 stores closed by Marsh Supermarkets in mid-2017 as part of the company’s bankruptcy plan after the properties failed to sell at auction.
Duke put major stamp on Indianapolis real estate market
Duke and its predecessor companies were behind or involved in many of the biggest office, retail and industrial projects in the city’s history and left a mammoth mark on the city’s form and workplace function.
Developer plans new industrial parks in Avon, Mount Comfort
Kansas City, Missouri-based commercial real estate developer VanTrust Real Estate LLC said it plans to spend about $220 million to construct six industrial buildings, with three each at sites in Hancock County and Hendricks County.
Kountry Kitchen owners break ground for new restaurant at original site
In 2016, the Food Network selected Kountry Kitchen—which was destroyed by fire in 2020—as one of the best soul food restaurants in the United States.
Kohl’s stock surges on buyout talks with Franchise Group
Shares of Kohl’s rose as much as 12% Tuesday morning after the retailer said that it is in advanced talks to be sold in a deal worth about $8 billion.
Q&A: Indy Maven CEO develops co-working space dedicated to women
Leslie Bailey, who co-founded the Indy Maven lifestyle website in 2019, realized that many of the women who had left the workforce early in the pandemic were starting their own businesses.
Developer wins MDC approval for $168M project near Fashion Mall
The Metropolitan Development Commission gave unanimous approval to The Alexander at the Crossing project despite heavy pushback from neighbors. The proposal will next be considered by the City-County Council for final approval.
Keystone seeking zoning OK for redesigned Alexander project across from Ironworks on 86th Street
Local developer Keystone Corp. has drafted new plans for its long-simmering Alexander at the Crossing mixed-use project that includes 275 apartment units, plus retail and office space and a hotel. Some nearby residents are opposed to the project for its size and density, as well as for further commercializing 86th Street.
Penske buys key parcel across from Speedway with plans to rethink track’s ‘front door’
The acquisition across from the Indianapolis Motor Speedway’s main entrance on 16th Street gives track officials a large swath of contiguous land for reimagining the corridor.
Sportsman’s Warehouse among new tenants at Brownsburg retail center
A trio of “junior anchor” stores will join a recently opened Kroger at the renovated Brownsburg Square retail center, where a Kmart closed in 2017.
Developer seeking incentives for $12.5M revamp of Mass Ave building
Landmark formally acquired the building for $4.6 million in April and has already started demolition work inside the structure.
Developers propose $72M mixed-use project in Noblesville
The proposed project includes 40,000 square feet of commercial and retail space, townhomes, an event lawn space, a park and a pond overlook.
Hundreds of apartments, townhomes proposed in southeast Indy by S.C.-based firm
The complex at 4822 E. Edgewood Ave. would consist of 280 apartments and 96 townhomes, as well as four commercial outlots. But the nearly 20-acre footprint needs to be rezoned.
DMD recommends approval for controversial $61M Willows project
The Indianapolis Department of Metropolitan Development on Thursday said the redevelopment of The Willows Event Center property north of Broad Ripple into more than 250 apartments and town homes should be permitted to move forward.
Duke Realty rejects $24B Prologis acquisition bid, deeming it ‘insufficient’
Prologis, one of the world’s largest real estate investment trusts, said it has been trying to acquire Indianapolis-based Duke since November. Duke said in a written statement issued Wednesday that those buyout efforts simply haven’t been good enough.