New Orleans-influenced raw bar planned for former Thunderbird site
Nick Detrich, an Indianapolis native who owns a French Quarter bar, says oysters, chilled seafood dishes, Sazeracs and cauldrons of café brûlot will highlight the menu at Magdalena.
Commercial Real Estate
Articles
Indy seeks developer proposals for dilapidated Central State Hospital structures
The proposal is for two dilapidated buildings left from the former mental hospital and a soon-to-be vacant facility that formerly housed horses.
With long slate of local projects, construction firm Skender moves offices to fit growing workforce
Skender’s focus on health care, office and municipal projects has reaped millions of square feet of work for the firm in central Indiana since opening its first local office in 2020.
Indianapolis Cultural Trail plans headquarters expansion
The not-for-profit that manages the Indianapolis Cultural Trail has launched a $2 million fundraising campaign to support the acquisition of its headquarters at 132 W. Walnut St. and an adjacent building to accommodate the expansion plan.
Central Indiana’s largest office park secures new loan, additional investment
More than $36 million already has been invested into the campus over the past eight years, with updates to building systems, indoor and outdoor amenities, lobby spaces, restrooms and facades.
Q&A: Carmel native builds company by building community
How has Old Town Design Group consistently grown in spite of real estate market disruptions? And what is its plan for the future? Co-founder Justin Moffett addressed those and other questions.
South Korea-based hotel firm planning high-end hotel with 215 rooms in Westfield
Plans call for the 215-room L7 Westfield hotel to be built on 6.5 acres in the Lantern Commons development near the intersection of U.S. 31 and 161st Street.
City commission approves abatement for Angi building apartment conversion
Plans for the 180-apartment project also call for an entertainment commercial tenant for 18,000 square feet on the second floor and a white box retail space on the west side of the first floor.
Owner of former Anthem HQ lists building on Monument Circle for sale
Listing the property for sale is a marked change from a years-long strategy of only looking for tenants to lease the sprawling, 213,600-square-foot office building.
Holladay Properties plans $21.4M conversion of downtown Angi building
The South Bend-based developer plans to convert the 12-story Angi Inc. headquarters on East Washington Street in downtown Indianapolis into a 180-unit apartment building.
Motel 6 sold to Indian hotel operator for $525M
The budget motel chain—which operates 10 hotels in the Indianapolis area—is being sold by New York-based investment firm Blackstone, which purchased the chain in 2012.
Hillenbrand makes $55M real estate deal for two Ohio properties
The agreement calls for Hillenbrand Inc.’s Ohio-based subsidiary, Milacron LLC, to sell the two Ohio properties, then lease them back for about $5 million per year.
Smoothie King plans four new locations in central Indiana
Two Indianapolis stores as well as locations in Speedway and Franklin are expected to serve Smoothie King blends by next summer.
Lafayette Square Mall owner says revamp moving forward, fleshes out plans for apartments
The developer behind the planned revamp of Lafayette Square Mall expects to break ground on the project’s first apartment building early next year and open a 14-screen movie theater as early as next month.
Westfield announces plans for $27M downtown redevelopment project
Plans call for Ambrose on Main to feature 87 apartments, 6,000 square feet of plaza and courtyard areas, a 2,000-square-foot rooftop patio, 12,000 square feet of commercial space and a restaurant with outdoor seating.
Carmel City Council OKs $19M TIF bond for Proscenium III project
Plans for the project call for 120 apartments, a 125-room high-end hotel, 63,000 square feet of office space, 15,000 square feet of retail space, 508 parking spaces and a public plaza.
Real Estate Weekly—Aug. 27, 2024
The following items were included in the Aug. 27, 2024, edition of IBJ’s Real Estate Weekly e-newsletter.
Real Estate Weekly—Sept. 3, 2024
The following items were included in the Sept. 3, 2024, edition of IBJ’s Real Estate Weekly e-newsletter.
Real Estate Weekly—Sept. 10, 2024
The following items appeared in the Sept. 10, 2024, edition of IBJ’s Real Estate Weekly e-newsletter.
Scannell planning to recast airfield on east side as part of 1.5M-square-foot industrial park
The project, tentatively named the Post Road Airport Business Park, would consist of 10 buildings across more than 138 acres, ranging from just 40,000 square feet to nearly 300,000 square feet.