Heartland Ventures closes $52M investment fund
The Ohio-based venture firm, which gets its funding from Indiana and Ohio companies, invests in tech startups developing products that can benefit those Midwestern investors.
Construction
Articles
Developer plans 192-unit senior living community near Grand Park Sports Campus
If approved, Traditions at Grand Park would be developed near the intersection of West 186th Street and Kinsey Avenue.
Fishers City Hall demolition scheduled to begin Monday
The 31-year-old building will be torn down so construction can begin on the $22.8 million Fishers Arts & Municipal Complex, which is expected to open in the spring of 2024.
IU School of Medicine to break ground on new, $230M home
Indiana University School of Medicine’s planned medical education and research building marks the largest construction project in the history of the school.
Slowdown escalating for Indianapolis homebuilders
Single-family building permits have fallen on a year-over-year basis for the past nine months and in 12 of the past 14 months.
State fair swine barn being rebuilt as multiuse facility
When completed (just in time for the 2023 Indiana State Fair), the $50 million pavilion will offer 197,000 square feet of interior space.
Racing teams investing big in central Indiana
The local resurgence is spurred by three of motorsports’ biggest brands—Andretti Autosport, Rahal Letterman Lanigan Racing and Arrow McLaren SP.
Increasingly, perfect starter homes are only available for rent
The construction of tens of thousands of rental homes could help rebalance the broader housing market. But critics say build-to-rent arrangements are exacerbating long-simmering inequalities by making homeownership even more elusive.
Area homebuilders see 8th straight month of falling construction permits
Rising mortgage rates, supply-chain issues, increasing costs and limited lot availability are hampering the market, according to industry experts.
Riley Towers owner replacing every brick as part of $7M project
The facade-replacement project is expected to resolve to longstanding water-infiltration issues at the 30-story towers.
Wanted: 7,000 construction workers for Ohio chip plants
Ohio’s largest-ever economic development project comes with a big employment challenge: how to find thousands of construction workers in an already booming building environment when there’s also a national shortage of people working in the trades.
IBJ Podcast: How do you solve a problem like Monument Circle?
A circle seems like a simple shape, but this is a very complex puzzle for city officials. For this week’s edition of the IBJ Podcast, Dan Parker, director of the Indianapolis Department of Public Works, talks with host Mason King about the direction the city is taking and what roadblocks could be in the way.
$188 million Purple Line moving toward 2024 completion
But there’s still a lot of work to do. Building of passenger stations has yet to begin; all progress so far has laid the groundwork for future construction.
City eyes street rebuild on Monument Circle
Officials are working on finding the $60 million, which will likely include federal funding, to pay for it.
Runway rebuild project takes off at Indianapolis International Airport
Indianapolis International Airport is undergoing its most ambitious project since the completion of the new Midfield Terminal in 2008—a $190 million rebuild of one of its two main runways.
Carmel’s City Center enters final stage of construction
Two mixed-use buildings—the Wren and Windsor—under construction this summer are the final pieces of the $300 million development that created a new core for Carmel.
Construction industry looks to youth to fix labor shortage
Experts predict the state will need more than 275,000 additional workers by 2026.
Fishers prepares for City Hall demolition, new complex
Municipal employees will leave City Hall on Friday for the final time. The 31-year-old building will be demolished this fall so construction can begin on the $22.8 million Fishers Arts & Municipal Complex.
City presents concepts for Henry Street bridge connecting Elanco, downtown
The Henry Street bridge would accommodate both cars and pedestrians and is a key component in the city’s infrastructure-heavy incentive package to bring Greenfield-based Elanco downtown.
IU Health reevaluating scope of $2.68B downtown hospital campus
The Indianapolis-based hospital system said in financial filing Thursday that the review comes in light of higher-than expected patient demand during the pandemic, inflation and sustainability goals.