Milhaus President Jeremy Stephenson, a panelist at IBJ's Commercial Real Estate Power Breakfast on Wednesday, said job growth and millennials' tendency to put off marriage are helping to support the downtown apartment market.
Ambrose Property Group acquired the tired and mostly vacant downtown complex out of receivership in 2014 and embarked on a $20 million renovation.
It will be the fifth location overall for the Louisville-based restaurant chain, which opened a Fishers location in 2016.
The South Bend-based developer that last year bought the landmark restaurant and the block on which it sits is searching for office and retail tenants for the space.
The mixed-use development would provide downtown Noblesville with its first-ever parking garage and its first new apartment building in more than a century.
Software giant Salesforce.com Inc., which in 2016 announced big plans to expand its operations in Indianapolis, appears to have even bigger plans for Chicago.
The Mohawk Landing Shopping Center, built 36 years ago, will be redeveloped into a mixed-use property.
City development officials said the plan should “respond to emerging challenges confronting the Castleton area, including evolving national shifts in commercial retailing and aging commercial, office and multifamily areas.”
First Internet Bank agreed to acquire 11 parcels on the south side of 116th Street for $10 million, with Fishers agreeing to reimburse the bank for land acquisition costs.
As one of Hamilton Crossing Centre’s key tenants prepares to close its doors, the future of the Kite Realty development along Meridian Street in Carmel remains unclear.
If approved, CharlesTowne at Grand Park Village would be built on 12 acres near the intersection of Wheeler Road and 186th Street.
Located less than two blocks from Monument Circle, the 120-year-old building could reopen as early as 2019 as a millennial-friendly Aloft property.
Once populated largely by cornfields, the landscape at the intersection of I-65 and Whitestown Parkway has exploded in recent years with retail and restaurant projects. A smattering of hotels has followed, and two more projects now are in the works.
Mall landlords, besieged for the past two years by the rise of online shopping and retailer bankrupties, are trying to push a new narrative of improving sales and increased demand for empty space at their properties.
St. Louis-based Integris Ventures and New York-based Starlight Equity Partners paid about $3.1 million to purchase the seven-story building. It plans several more acquisitions in Indianapolis.
Records provided to IBJ give behind-the-scenes insight into the all-hands-on-deck effort to attract the $5 billion project to Indianapolis, including setting up secret meetings, weighing several possible sites, and discussing “creative” incentives such as building a charter school on the prospective campus.
Emmis Communications is seeking rezoning for 70 acres of land it owns in booming Whitestown to make it more marketable.
The Indianapolis-based shopping mall giant also raised its full-year forecast after exceeding forecasts with its financial results.
Carmel-based Becknell Industrial wants to construct more than 1 million square feet of space in total.
The 13,000-square-foot facility is slated for the site of a former discount retailer, located a block east of the center of Fountain Square’s resurgent commercial and cultural districts.
