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.
Commercial Real Estate
Articles
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.
Whitestown exit along I-65 explodes with retailers, fast food
The commercial openings are part of the $1 billion Anson development, led by Indianapolis-based Duke Realty Corp.
Developers swoon over Broad Ripple High School opportunity
The 16-acre property could command $6 million to $8 million from developers, but a state law might prevent Indianapolis Public Schools from cashing in.
Owners of Broad Ripple eyesore hire brokers to sell property
Community leaders have tried for years to get the owners to sell or redevelop the mostly vacant building on Broad Ripple's main drag. It was built in 1920 and last updated in 1980.
South side’s 118-year-old Turnverein building getting badly needed renovation
A local couple that operates a downtown insurance firm has embarked on a “multimillion-dollar” project to rehabilitate the Vonnegut-designed structure, which recently has played host to heavy-metal concerts and league basketball.
Fishers reveals plans for 45,000-square-foot downtown office building
A developer has been chosen for the $10 million building that will be constructed on the east side of the northern ellipse of Municipal Drive, the city of Fishers announced Monday.
Kroger’s strategy leaves some Marsh sites in limbo
Since the grocer bought seven former Indianapolis-area Marsh stores last July, it has reopened only a three.
With Kite shares stuck in discount bin, dividend investors can hit jackpot
Kite Realty Group Trust now sports a whopping 8.5 percent annual dividend yield—by far the highest of any publicly traded firm in Indiana—a reflection of the cold shoulder investors are giving retail real estate companies as internet sales soar higher.