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.
Commercial Real Estate
Articles
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.
HHGregg reports 11 percent drop in quarterly sales
Sales were down again, as expected, but the electronics and appliance retailer saw a smaller loss in the latest quarter thanks to cost savings.
Duke Realty reports higher quarterly, annual profit
The Indianapolis-based real estate developer turned a profit to end 2015 after reporting a loss in the fourth quarter of the previous year.
UPDATE: Abercrombie & Fitch closes most Indiana stores as sales drag
Struggling retailer Abercrombie & Fitch has closed four of its five stores in Indiana, including Indianapolis locations at Circle Centre and the Fashion Mall at Keystone.
Judge rules on residents’ challenge to $10M Ransom Place project
The three residents of the historic downtown neighborhood objected to the apartment project, claiming it was too big and suggesting race might have played a role in its approval. A Marion Superior Court judge disagreed.
Noblesville’s Grace Church buys Nora building for expansion
The church, which already is building a second home in Fishers, has bought an office building on Westfield Boulevard and plans to launch services at the site.
Johnny Rockets closes restaurant in Circle Centre mall
The burger joint served its last customers on Sunday in the mall’s food court, joining a growing list of tenants departing the mall’s third floor.
Crowded by Mass Ave, Chatham Arch exploring permit parking
A surge of activity in the Mass Ave area is spilling over into the historic neighborhood that’s now considering whether to restrict parking on its streets.
Zionsville’s first-ever elected mayor outlines priorities
Tim Haak left his job in economic development to take on the new full-time position, even though it might not last. Now on his plate: Creekside Corporate Park, traffic reconfiguration and the planned $10 million town hall.