The Wine Market, which opened on Virginia Avenue in 2017, is bursting at the seams. Its owners are investing more than $2 million to buy and renovate a new space in the heart of Fountain Square.
Citing multiple sources familiar with the project, IBJ first reported on the company’s overall plans June 17. Rolls-Royce said Monday that it does plan to vacate two of the three buildings at the Meridian Center campus, but said it would continue to occupy a different building than earlier reported.
The Indianapolis Airport Authority on June 18 agreed to work with city officials to find a new use for the 4.9-acre property at 51 S. New Jersey St.
If built as proposed, the tower would be the tallest structure to be built downtown since the 28-story 360 Market Square building was completed in March 2018.
The United Kingdom-based aircraft engine manufacturer is expected to jettison about 270,000 square feet of office space on its 2.2-acre campus at 450 S. Meridian St. About 3,000 people worked in the company’s downtown offices prior to the pandemic.
Philadelphia-based GoPuff, a fast-growing company that entered the Indianapolis market in 2018, currently operates three micro-fulfillment centers here and plans to open two more.
Washington Prime Group, which filed for bankruptcy Sunday, said it may end up selling some or all of its properties as part of its restructuring. The company also owns several other local retail centers.
The number of properties focused on or allowing outdoor storage is limited—and there’s little indication that that will change anytime soon.
Opus Development Co. plans to develop up to four buildings on the land in the Mount Comfort corridor, including a 862,000-square-foot distribution facility for Atkins Nutritionals.
Brad Chambers, who founded Indianapolis-based powerhouse development firm Buckingham Cos. in 1984, will take his new position July 6. He’ll succeed Jim Schellinger, who stepped down abruptly in March after 5-1/2 years on the job.
Seven months before the bulk of the campus opens southeast of downtown, neighborhood residents are waiting to see if the promise of accompanying redevelopment comes to pass.
The five children of late heart surgeon and real estate developer John N. Pittman have reached a legal agreement after years of fighting over the management of their father’s estate. As a result, The Bridges in Carmel and The Farm at Zionsville can proceed.
South Bend-based Holladay Properties is asking the city of Westfield to grant it a tax abatement to offset the costs of developing three speculative buildings in NorthPoint Industrial Park.
Preliminary plans call for the construction of new office structures, multifamily properties, retail space and parking garages to fill in most of the site, now known as Elevator Hill.
The Garage Food Hall, part of the $300 million Bottleworks development on Mass Ave, has 17 tenants, with two more opening next month. The hall expects to create even more tenant space once pandemic restrictions end.
Eli Simon, whose grandfather and great-uncles founded Simon Property Group more than a half-century ago, is quietly emerging as a key executive in the retail real estate empire.
These news notes appeared in IBJ’s Real Estate Weekly on May 11, 2021.
The 23,000-square-foot restaurant-and-entertainment venue, part of a Denver-based chain, has been closed since March 2020, eliminating 91 jobs.
The neighborhood just south of downtown has been one of the city’s emerging residential hot spots the past several years—and commercial developers are taking notice.
Michigan-based Emagine said it expects to reopen the Noblesville theater this summer. The theater’s previous operator filed for bankruptcy last year.
