Pence could leave state with no energy standards for buildings
Critics say the absence of standards could have negative results for Hoosiers’ energy bills and lead to a “slumlord’s dream” scenario.
Commercial Real Estate
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Fishers City Council approves agreement for culinary development
The Yard, a 17-acre development by Thompson Thrift Retail Group, would replace the existing Springdale Estates neighborhood on the southeast corner of 116th Street and Ikea Way, just east of Interstate 69.
Short-term leases help small firms grow
Certain companies don’t like committing to the usual five-year-or-longer leases, because they’re not comfortable predicting how much space they’ll need that far in the future.
Hoover steps up Patachou expansion
Running 11 restaurants keeps Martha Hoover hopping. But the matriarch of the Patachou family is adding even more to her plate.
Historic Martinsville buildings part of $8.4M senior-housing project
A redevelopment of the three buildings, led by Flaherty & Collins, will make way for 38 apartment units for residents 55 and older. The project pays homage to Martinville’s history as a mineral-springs hotbed.
Developer betting on smaller warehouses to meet industrial demand
RAS Development broke ground Monday on a 64,000-square-foot distribution center on the northwest side and could build two more that would be similar in size.
City shifts more TIF risk onto developers
The Hogsett administration has begun using TIF financing for neighborhood projects, but the developers have to agree to back the bonds.
Zionsville using aesthetics to give office park competitive edge
Creekside Corporate Park, which is filled with trees and a mile of winding trails, could accommodate more than 400,000 square feet of office space.
UPDATE: Forest Alliance sues to stop Crown Hill cemetery project
The controversy over the U.S. Department of Veterans Affairs’ plans to develop a military cemetery on 15 wooded acres north of Crown Hill Cemetery has ended up in court.
Milano Inn to close after more than 80 years
The sisters who co-own the restaurant say they’re in negotiations to sell it and will serve their last customers on New Year’s Eve.
Simplified Duke Realty winning over investors
The Indianapolis-based developer has narrowed its focus to industrial and medical-office properties. It's been selling off traditional office buildings, which used to make up the bulk of its portfolio.
‘Flexible’ lease space for tech firms to open downtown next year
A group of real estate investors have made a $10 million bet that they can sell leases in with terms as short as one year to adolescent tech companies.
Community development veteran takes reins of once-troubled city land bank
Bruce Baird is leaving the Indianapolis Housing Agency to direct Renew Indianapolis, the not-for-profit that aims to return vacant properties to the city’s tax rolls.
Area office market set to end year on high note
Occupancy rates and asking rents are among the key indicators that continue to improve.
Old Greenwood city hall acquired, lands tenant
Cornerstone Autism Center plans to hire about 30 employees in the next year in the 96-year-old Polk Building, which is undergoing a major rehab by its new owner.
Finish Line expecting $44M charge related to JackRabbit decision
The Finish Line Inc. on Tuesday confirmed a two-week-old report that it was looking to rid itself of its underperforming JackRabbit chain of specialty running-shoe stores.
Florida cigar bar commits to high-profile Circle Centre corner
Burn By Rocky Patel has agreed to take 5,500 square feet at the corner of Meridian and Maryland streets as mall operator Simon Property Group continues to fill spaces left by the departure of Nordstrom.
After slow stretch, Southport’s commercial core sparks with new projects
Sophia’s on Southport Road near Madison Avenue is opening ahead of a big expansion for a dental claims processor and the construction of an $11 million senior living facility.
$7M project restores luster of storied office tower
Banker J.F. Wild had the limestone building constructed in 1923 to house his growing financial institution. Developer Loftus Robinson has just spent two years reversing decades of neglect.
Star Plaza Theatre in northwest Indiana to remain open
The owners of a 3,400-seat theater in northwest Indiana that has featured top entertainers such as Bob Dylan, Jerry Seinfeld and Chris Rock have changed plans and won't demolish the facility.