Outdoor-storage firms prepare to scout for land amid growth
The number of properties focused on or allowing outdoor storage is limited—and there’s little indication that that will change anytime soon.
Construction
Articles
Williams Comfort Air and Mr. Plumber acquired by Georgia company
The acquisition marks Marietta, Georgia-based Wrench Group’s first expansion into the Midwest and adds 400 employees to its operations.
Construction spending posts modest monthly gain
Through the first four months of this year, construction activity is 5.8% higher than the same period in 2020.
Illinois developer plans $20M industrial building in Indiana
The Homerlee Business Park will be built in East Chicago, less than a mile from Interstate 90 and near the Interstate 80/94 expressway.
GOP offers $928B proposal on infrastructure, funded with unused COVID aid
Republicans have rejected Biden’s proposed corporate tax increase to pay for new investments, and instead want to shift unspent COVID-19 relief dollars to help cover the costs.
Parent of Indianapolis-based Pac-Van acquired in billion-dollar deal
Stamford, Connecticut-based United Rentals Inc. paid $19 per share for Pasadena, California-based General Finance Corp.—which has owned Pac-Van since 2008—and assumed $400 million in debt.
Noblesville OKs new vehicle taxes to chip away at Pleasant Street extension costs
The Noblesville City Council approved vehicle excise and wheel taxes Tuesday to generate $1.8 million in annual revenue starting next year. The money is slated to pay for a portion of the city’s estimated $113 million Pleasant Street extension project.
Demand for new homes still growing despite rising construction costs
Builders in the nine-county Indianapolis area are seeing their busiest year since 2005 despite soaring lumber prices and snarled supply chains that have made it difficult to get products to complete new homes.
Growing Logansport construction firm opens Boone County office
Logansport-based Steinberger Construction Inc. is investing $1.39 million to open an office in Lebanon, where it hopes to hire as many as 17 workers by the end of 2023.
Hogsett administration plans to spend $25M to repair run-down residential streets across Indy
The city identified 605 residential lane miles across Indianapolis that are in particularly poor condition. The city is allocating enough money to fix only about 10% of those miles, starting as soon as next spring.
U.S. lumber importers are driving buying mania for European wood
The frenzy comes on the heels of record American forest-products imports from Europe in 2020, when North American demand soared and caught sawmills off guard with low inventories.
11th Street Development pitches alternative home designs for Lebanon’s growing workforce
The Lebanon City Council is set to consider special zoning in May to allow for new row-house and cottage-style residences to be built near Lebanon Business Park.
City awards $2.6M contract for next addition to Market Street construction
The contract is part of $10.2 million reconstruction project to Market Street on both the east and west sides of Monument Circle.
Historic review panel delays approval for Westfield’s State Road 32 plans
The State Road 32 expansion project in downtown Westfield hit a speed bump Wednesday when the Indiana Historic Preservation Review Board of the Department of Natural Resources voted to prolong the proposed route’s review by at least 30 days.
Demolition of Maryland Street garage now under way
The teardown of the 770-space structure began in March and is expected to be completed sometime this summer, followed immediately by the start of construction on the new 1.5-acre plaza space.
Indy electrical contractor planning to move 150 jobs to new $18M Greenwood HQ
Indianapolis-based Electrical Repair & Maintenance Co. Inc.—better known as ERMCO—unveiled plans Tuesday afternoon to build a headquarters in Greenwood where it will employ 170 workers.
Financial concerns cast doubt on State Road 32 project
The Westfield City Council president is questioning whether to move forward with a road-widening project more than a decade in the making over concerns that it will exceed its budget.
Greenwood approves agreement for $83M redevelopment project
The redevelopment of the former Greenwood Middle School site would bring hundreds of residential units, plus restaurants, retailers and a public parking garage to the city’s downtown.
U.S. infrastructure gets C- from engineers as roads deteriorate
In its “Infrastructure Report Card” released Wednesday, the group estimated it would cost $5.9 trillion over the next decade to bring roads, bridges and airports to a safe and sustainable level.
Longtime local homebuilder Paul Estridge Jr. retiring
Estridge, 63, said a recent lung transplant, along with other factors, convinced him now was the right time to step away from his company after nearly 40 years in the business.