Comedy club chain signs lease for downtown location inside Circle Centre mall
The owner of Helium Comedy Clubs says he saw lots of opportunity in the Indianapolis metro area, where at least two major comedy venues have closed since last fall.
Commercial Real Estate
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Golf superstore in expansion drive to open 82nd Street location in former Babies ‘R’ Us
This will be the first Indiana location for Georgia-based PGA Tour Superstore, which currently has 33 locations and is growing quickly by securing sites vacated by Toys “R” Us and Babies “R” Us.
Simon hiring from within to replace departing CFO
Brian McDade has been with the retail real estate giant for 14 years, serving in various senior finance and accounting roles.
Real estate heavyweight CBRE moving from downtown to Keystone at Crossing
The city’s largest commercial brokerage has called downtown home for more than 35 years. It’s heading north to accommodate employees and consolidate offices.
IBJ Media moving to Monument Circle
The publisher of Indianapolis Business Journal and its sister newspapers plans to relocate in March to the Indianapolis Power & Light Co. headquarters building in the southeast quadrant of the Circle.
City set to pay $1.5M to review needs, reimagine presence downtown
All options are on the table for the city’s future use of the City-County Building, Old City Hall, the Marion County Jail and the 500-space East Market Street parking garage.
Real estate firm planning $8.5M office project in Fishers tech park
The building will serve as a gateway to the Fishers Certified Tech Park, which is home to Launch Fishers and the Indiana IoT Lab.
New 360 Market Square apartment tower leaves trail of liens, litigation
Downtown’s new 360 Market Square apartment tower is leasing up nicely, but the $120 million project continues to be plagued by legal disputes related to its construction.
Owners of failing malls ‘on their knees’ as buyers disappear
Only about $3 billion of retail real estate changed hands in April, a 27 percent drop from a year earlier and the lowest monthly tally since February 2013.
Under new owner, Fountain Square’s Wheeler building converting to market-rate housing
Core Redevelopment is buying the building, which houses 36 affordable-housing units, and plans to boost the number of apartments to at least 52 as part of the conversion.
Developer plans medical complex, hotel, restaurants off I-65
An Indianapolis-based developer is seeking approval for a 25-acre development in a high-profile location in Lebanon.
IBJ PODCAST: Cafe helps catalyze revival on Washington Street, reclaim lives
Maria Bertram had a great career as an engineer for Eli Lilly and Co., so why did she chuck it to open a little cafe in a distressed neighborhood?
Central Indiana Orthopedics moving forward with Fishers medical campus
The orthopedic care provider plans to build multiple medical office buildings in Fishers as part of a new 37-acre health care-focused business park.
Two projects poised to reshape Mass Ave area
The Indianapolis Historic Preservation Commission has approved the projects—a four-story condominium building and the other a six-story office building. Both would feature ground-level retail space.
After decades-long wait, downtown site snags large project
Boston-based Charles Street Investment Partners LLC has filed plans with the city to construct a $15 million, seven-story apartment-and-retail project at Pennsylvania and Vermont streets.
Dual-branded Hyatt hotel planned for The Yard at Fishers
Plans for the six-story hotel in the expansive, $110 million Yard project will be reviewed Tuesday by city officials.
Onyx+East ventures out of Indy area with $15M Tampa project
The condominium developer, which spun out of Indianapolis-based Milhaus two years ago, also has expanded its reach with a $12.5 million project in the Village of West Clay.
Northwest-side apartment portfolio fetches $64 million
An Atlanta-based real estate company has purchased four Indianapolis apartment communities and plans to spend $27 million to renovate them.
Simon hopes to do ‘transformational redevelopment’ of Sears space at Castleton Square mall
The two-story location is one of 63 Sears that parent Sears Holdings announced Thursday were “non-profitable” and would be closing.
Local company’s software helping Greenwood pitch downtown redevelopment
VisionThree’s 3-D program depicting the city’s potential growth downtown has become a key interactive tool for selling developers on getting involved. And Mayor Mark Myers can cart it around in his pocket.