Drury Hotels tower might stretch 17 stories
St. Louis-based Drury said the new hotel would have 350 rooms spread between IBJ’s four-story building and a tower it plans to build on the surface parking lot next door.
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Buckingham buys downtown Janus Lofts building
The historic building on South Meridian Street downtown is more than a century old and was redeveloped into apartments in 2003.
IBJ building sold to Drury Hotels chain
The 92-year-old building at Washington and Pennsylvania streets was not on the market when the hotel chain approached its owners late last year.
Developer ups pressure on airport to move ahead on project
Saying it was “gravely disappointed,” the company proposing a $500 million medical complex warned Friday morning that it would “explore other options” while airport officials spend more time examining the deal.
Airport delays vote on $500 million medical complex proposal
A vote on a proposal to build a $500 million medical complex at Indianapolis International Airport has been delayed so the board can take another look at the plan. The delay was announced after an IBJ story raised questions about the track record of the executive behind the plan.
Speak Easy eyes new downtown operation
The Speak Easy, a 4-year-old co-working space near Broad Ripple that’s become one of the most popular entrepreneurial hubs in the region, is gearing up to expand downtown.
Three Duke office parks might fetch $500M-plus
Three of the Indianapolis area’s highest-profile office parks, including the two largest in the North Meridian submarket, are expected to fetch as much as half a billion dollars when they hit the market next month.
CEO behind $500M airport proposal has mixed track record
The top executive at an Indianapolis start-up that wants to build a $500 million medical complex at the Indianapolis International Airport launched a 200-location Dunkin' Donuts business that went bankrupt in 2009 and he filed for personal bankruptcy in 2013.
Bids to develop IPS Mass Ave site top out at $260M
The proposals for the highly visible, 11-acre site suggest a host of office, retail and housing options, with two calling for a boutique-style hotel.
Eight buildings change hands in local real estate deal
A commercial real estate package consisting of eight warehouses and 42 acres of land in the Indianapolis area has been acquired in a deal estimated to be worth more than $144 million.
Meijer store among slew of new projects in McCordsville
The population of the town near Geist has grown in the past decade to the point that it's starting to attract big projects, including the Meijer store.
Milhaus touts tech-focused offices, 450 residential units for Mass Ave site
High-profile startup High Alpha is helping Milhaus Development identify potential anchor tenants for the office portion of its proposed 825,000-square-foot project along downtown’s Massachusetts Avenue.
Fresh Market shares jump after report Kroger could buy chain
The possible acquisition is not a complete surprise. Fresh Market has been trying to get someone to save it for months now, and Kroger has been on an aggressive acquisition spree.
Developer plans $25M hotel, conference center in Plainfield
A local hotel developer plans to build the 175-room Embassy Suites near the town’s Interstate 70 interchange and Indianapolis International Airport.
Kite Realty results meet, beat expectations
Kite Realty Group Trust on Thursday reported quarterly results that matched or exceeded the predictions of Wall Street analysts.
HomeAdvisor locks up downtown location
The Colorado-based Angie’s List rival, which previously announced Indianapolis expansion plans, has secured 7,000 square feet on Virginia Avenue near Bankers Life Fieldhouse.
Mapleton-Fall Creek to pilot veterans housing initiative
The neighborhood north of downtown is partnering with the Department of Veterans Affairs to help build four homes for military families.
Westfield hears landowner group’s conservation proposal
A citizen-led task force is trying to protect more than 3,000 acres in the southwest corner of Westfield from future high-density development.
Mass Ave farm-to-table pioneer R bistro to close
Feb. 27 will be the last day of business for the restaurant founded by chef Regina Mehallick that helped fuel Indianapolis’ homegrown eatery boom.
Two downtown towers soon up for sale
The Chase Tower, the state’s largest office building, might fetch more than $200 million—a price driven up by a nearly finalized deal that would boost sagging occupancy.