Founders of The Kitchen opening bistro on Mass Ave
The yet-to-be-named restaurant will occupy 5,500 square feet in Gershman Partners’ Marietta building under construction next to the Marott Center.
Commercial Real Estate
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Developer aims to convert historic downtown building into 110-room hotel
The firm has purchased One Jackson Square and is in discussions to brand it a Canopy by Hilton. The fate of first-floor restaurant tenant Ike & Jonesy’s has yet to be determined.
Indiana Landmarks raises $60K to fix, preserve historic clock
A fundraising campaign to restore the 80-year-old "Ayres clock" mounted on the corner of Circle Centre mall at Washington and Meridian streets has been a success.
Kite takes quarterly loss, matches FFO expectations
The Indianapolis-based real estate investment trust on Thursday posted revenue of $89.1 million in the period, up from $87.1 million last year.
Fishers won’t let Ikea fuel retail blitz
Local officials are taking steps to preserve the vacant land surrounding the 35-acre Ikea site near Interstate 69 and 116th Street for office development.
Duke Realty exceeds expectations with third quarter results
The Indianapolis-based real estate investment trust topped analyst predictions for revenue and funds from operations.
Simon Property raises annual outlook after strong quarter
The Indianapolis-based real estate company reported higher occupancy and rental rates at its shopping malls in the third quarter.
Marsh Supermarkets HQ building on block for $28.6 million
Marsh said it will continue to lease the 25-year-old building from the buyer until Nov. 21, 2026, at an initial annual rent of more than $2.8 million.
Construction under way on Celadon’s new $24M headquarters
The trucking company will move from the east side of Indianapolis to Mount Comfort in Hancock County, where it will have room to grow and better access to Interstate 70 for its drivers.
Wurth Service Supply expanding, moving to Greenwood with $11.5M project
The distribution company, currently located on the north side of Indianapolis, is building a 230,000-square-foot facility in Greenwood’s Southpoint Business Park.
Indianapolis airport to sell 6.4-acre site to local developer
The Indianapolis Airport Authority on Friday also heard about plans to add hundreds of new public parking spaces at the airport in coming months.
Pittman family dispute escalates with new lawsuit
Mark Pittman, son of late heart surgeon and developer John N. Pittman, filed a lawsuit Oct. 14 in Hamilton County against his siblings and family-owned entities involved with The Bridges, a retail development in Carmel that includes a Market District grocery store.
Judge limits expert testimony in Simon Property antitrust suit
The Indianapolis-based mall developer faces accusations that it used its massive influence to pressure retailers to sign leases at its mall in Mishawaka instead of in a competitor’s property.
Activist asks Simon Property competitor to consider sale
Shares in Taubman Centers Inc. surged Wednesday, one day after Jonathan Litt, an activist investor known for targeting real estate companies, pushed for the mall owner to cut costs or consider a sale of the company.
Rolls-Royce’s $400M modernization is massive juggling act
With Project Condor, the manufacturer will update its Tibbs Avenue and Raymond Street plants while continuing uninterrupted production of high-precision engines for military aircraft.
Senior-living developer planning $45M expansion in Zionsville
Indianapolis-based BHI Senior Living is opening part of its 300-acre Hoosier Village campus for 150 deluxe duplex units to be pitched to baby boomers.
Developer continues to revive intersection north of East 16th Street
Now that Cannon Ball Brewing is close to opening in the suddenly hot area, Reveal Properties is beginning to renovate an adjacent building on Bellefontaine Street for office and restaurant use.
Ivy Tech plans to sell classroom site in Madison County
Ivy Tech's state board has approved a resolution to sell what is known as the Anderson North Campus near Alexandria.
UPDATE: Salesforce plotting real estate changes
The company's lease in the Gauranty Building, 20 S. Meridian St., will expire in the first quarter of next year, while a lease for the Century Building, 36 S. Pennsylvania St., runs until 2021. "Salesforce has no plans to vacate the Century office at this time," a spokesperson said.
High-rise hotel pitched for surface lot across from fieldhouse
A New Orleans company wants to build a 15-story hotel and a seven-level parking garage on downtown property where two previous attempts from other developers have failed.