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.
Commercial Real Estate
Articles
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.
Indy-based developer in home stretch of $250M industrial project in Whitestown
About three years after first breaking ground, Indianapolis-based Strategic Capital Partners LLC has already brought to market about two-thirds of the 80-acre project, known as 65Commerce Park.
Westfield’s Rail restaurant plans a revival and return to its roots
No longer in a renovated barn, the Rail reboot will be reminiscent of original business model that combined sandwiches with a market.
Whiteland approves tax break for spec warehouse near Interstate 65
Cincinnati-based Uptown Commercial Partners plans to invest nearly $29 million to build the facility on a 40-acre site just east of the Graham and Whiteland roads intersection, and west of Interstate 65.
Former Trustee building on Mass Ave set for revamp with restaurant space on first floor
According to plans approved by the Indianapolis Historic Preservation Commission this month, Landmark Properties plans to make several changes to the five-story building to attract office and retail tenants.
Developers plan $300M, 125-acre Plainfield project with housing, commercial space
Percolating under the radar for two years, the first phase of Hobbs Station is expected to feature 300 apartments, 99 single-family homes and 500,000 square feet of logistics space.
Circle Centre ownership largely the same after 27 years
The disclosure of the group’s composition is the first since the mall opened in 1995, and comes about one week after Circle Centre Development acknowledged Simon Property Group’s exit.
Krispy Kreme making brick-and-mortar return to Indy in March
The new building will become the doughnut company’s first Indianapolis store since closing other locations more than a decade ago.
Simon unloads ownership stake in struggling Circle Centre mall
The remaining owners announced Friday that they were soliciting ideas for ways to redevelop the shopping center with an eye to multiple uses.
Developer submits incentive request for $200M project at Lafayette Square
The city on Wednesday confirmed it has received an incentive application from Sojos Capital LLC for tax-increment financing but declined to provide additional details.
Vast portfolio of Indy-area commercial buildings sells for $98M
A pair of Southern California firms bought the properties—which total just over 1.1 million square feet—in a deal with Indianapolis-based Mann Properties LP that quietly closed in late 2021.