IPS puts six surplus properties up for sale
The school district is using a bidding process to attempt to unload the vacant buildings, including the downtown Phillips Temple.
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Five buildings set for construction this fall at Carmel City Center
Three buildings are expected to be reviewed by the Carmel Redevelopment Commission Architectural Review Committee this month.
Northern communities identify gateways for aesthetic improvements
The northern Indianapolis suburbs are struggling to improve their doorsteps despite tight budgets, right-of-way acquisition obstacles and fickle public tastes.
Opus building $10.9 million warehouse on west side
The Minneapolis-based developer is constructing the facility on a speculative basis, as demand for industrial space in the metropolitan area remains high. The building should be finished in February.
Deal to redevelop Tinker Flats building falls through
King Park Development Corp. is pursuing another developer to rehab the building on East 16th Street after a Noblesville firm pulled out of a deal to convert part of it into a hub for food-and-beverage startups.
Downtown building tenant adds beehives to rooftop
The roof of The Buick building at 13th and Meridian streets features two honey beehives, occupied by more than 20,000 bees apiece.
Cumberland hopes new proposal can save historic church
Officials in the town of Cumberland are in discussions with a local developer on a plan that could save a historic church from the wrecking ball.
Cannon IV puts downtown HQ property on market
The longtime distributor of printing cartridges hopes to fetch $3.3 million for the nearly 3-acre site in the Cottage Home neighborhood. It hopes to stay downtown but in smaller digs.
Banks shuffle downtown Indy locations
Centier Bank intends to fill the downtown office space to be vacated by First Financial Bank, which recently opened elsewhere downtown.
Fishers airport compromise puts prime land into play
The runway at Indianapolis Metropolitan Airport in Fishers is set for an upgrade, and dozens of acres on the airport’s perimeter might be developed for industrial and retail use—signaling a turning point in a long-simmering feud.
Legislation protects county assessments on big-box stores
A new measure on the taxation of big-box stores is expected to help Indiana counties avoid fiscal disaster, but national retailers aren’t happy about it.
Bank headquarters slated for new $25M Carmel Midtown project
Merchants Bank of Indiana plans to move its corporate headquarters into a 100,000-square-foot building to be constructed in Carmel’s Midtown development. The $25 million project also will contain a multi-vendor retail operation.
Historic state-owned office building hitting the market
The Harrison building at 143 W. Market St. will hit the market Monday. Built in the late 1920s as the Harrison Hotel, the 40,000-square-foot building offers views of the Indiana Statehouse.
Hoteliers hesitant to bet on Grand Park Sports Campus crowds
A strong debut for Westfield’s Grand Park Sports Campus is driving hotel demand for a town without any rooms of its own and few hotels in the works.
Hendricks Regional to make $40M bet with Brownsburg ER, outpatient center
Hendricks Regional Health will construct a 100,000-square-foot emergency room and outpatient center on the north side of Brownsburg by early 2017, hoping to capitalize on an underserved part of the state’s second-fastest-growing county.
Hipsters in office towers? Building owners scramble to lure them
Paltry occupancy rates in downtown Indianapolis office towers have owners remodeling lobbies among other changes to remake their staid images.
Duke Realty posts higher quarterly profit, revenue
The Indianapolis-based real estate developer reported strong earnings on higher occupancy and growth in rents.
PNC Center pitching backside as restaurant site
Retail brokers say the location, at Illinois and Maryland streets in the heart of downtown’s dining district, is sure to generate plenty of interest.
Simon raises earnings guidance after strong first quarter
Indianapolis-based mall owner Simon Property Group reported higher profit and revenue on improving occupancy and rents at its properties.
Hampton Inn slated for Keystone at the Crossing
Construction on the 125-room hotel, part of PK Partners’ $80 million mixed-use development, should start later this year with an opening in 2016.