The proposed downtown development at 230 S. Pennsylvania St. calls for the demolition of a century-old building and the construction of two high rises, including a 26-story apartment tower.
In a statement to IBJ, Roche said it hopes to display “supportive and inspiring messages” visible from I-69 as part of a new corporate initiative.
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.
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.
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.
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.
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.
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.
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 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.
A zoning change would open the door for a number of new uses on the 152-acre property along the White River.
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.
Ozwell Fitness will feature a 2,600-square-foot retractable dome roof that will allow customers to exercise outdoors.
The acquisition by Indianapolis-based Zidan Management Co. is believed to be the largest single-property apartment sale in Indiana history.
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.
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.
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.
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.
Businesses recognize there is a place for offices despite the fact that they plan to give workers more flexibility to work from home.
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.
