Plans for the shopping center property call for a new name and multiple new uses, including apartments, hotel, sports facilities, concert center, a police station and a public trail and canal.
Loftus Robinson confirmed plans this week to give up development rights to the unfinished Wilshaw hotel project in Speedway after numerous delays, but company Principal Drew Loftus said the firm’s redevelopment plan for a tower in downtown Indianapolis is still on.
The national fast-casual salad chain is in expansion mode as it prepares to become a public company. Filings with the state show that it’s also considering a downtown Indianapolis location.
A Georgia-based development firm said Monday it hopes to take the reins of the Wilshaw hotel project across from Indianapolis Motor Speedway, with hopes of completing construction by early 2023.
Throughout its short tenure, the 139-room boutique hotel has managed to snag locals and out-of-town visitors through its connection to the larger Bottleworks District.
The 195-unit Meridian Towers Apartments on the near-north side of Indianapolis has been sold to an out-of-state development partnership that plans to renovate the property.
The second phase alone is likely to take about three years to build, with construction commencing in mid-2022 at a tentative cost of nearly $100 million. The total project cost is expected to push $300 million.
The restaurant specializing in meatballs blamed the pandemic for “significantly decreased sales” at the location at 12505 Old Meridian St. that have not returned to pre-COVID levels.
Plans call for the 1st On Main development—previously known as Lot One—to include a four-story office building with first-floor restaurant space and a private rooftop terrace, luxury condominiums, upscale apartment units and a parking garage.
Local developer Onyx+East is seeking city approval for the project at 2060 Yandes St., which is expected to feature nearly 50 townhouses and four single-family units.
The 708,000-square-foot Indy South Logistics Center will be constructed at 955 N. Graham Road, just east of Interstate 65 and south of County Line Road.
Indianapolis-based Landmark Properties plans to buy the five-story Center Township Trustee’s building, with an eye toward office and first-floor retail uses.
The development at 22nd Street would keep rents low for tenants while providing nearly free space for initiatives focusing on career building, mental health and substance abuse.
Developer Thompson Thrift, which began planning the $110 million development in 2015, sold the property in a deal that brokers said “attracted nationwide investor interest and achieved record-breaking pricing.”
The downtown restaurant is part of a larger plan by a Fort Wayne-based group of franchisees to open several locations in central Indiana.
The company, which entered the market in 2020 by opening coworking centers in Broad Ripple and Noblesville, announced formal plans Wednesday to open additional Indianapolis-area centers—in Martindale-Brightwood, Carmel, downtown Indianapolis and Zionsville.
Expected to be a key component of 16 Tech’s live-work vision, the apartment project will include a mix of studios and one- and two-bedroom units.
Officials are taking a fresh, hard look at municipal-owned real estate as part of a larger effort to repurpose several sites that will be largely vacated as agencies move to the Community Justice Campus.
Indianapolis-based Cornerstone Cos. Inc. said it teamed with the New York City-based global investment giant to acquire and develop more than $1 billion in real estate assets over the next few years. The deal includes the recapitalization of 25 Cornerstone properties.
The new owner plans to make a significant investment in improvements that likely will drive up rents that have languished of late.
