Area office market set to end year on high note
Occupancy rates and asking rents are among the key indicators that continue to improve.
Construction
Articles
Indiana contractor accused of defrauding Iowa woman
Investigators say Shawn Bolduc Jr., doing business as American Construction of Indianapolis, pressured the elderly woman into giving him several checks totaling about $50,000 for home repair work that should have cost only a fraction of that.
Carmel’s Midtown project finds its momentum
It took nearly two years to finalize design and financing for the first phase of Midtown, but its developer predicts that other components will fall into place quickly now that construction has started.
UPDATE: Johnson Memorial plans $42M overhaul of Franklin campus
In the largest project in its history, Johnson Memorial plans to demolish its old hospital building and construct two new health care facilities.
Roche completes buildings as part of $300M overhaul
Since 2012, the company has built five buildings, refurbished existing buildings, made upgrades to IT infrastructure, and increased investments in its diabetes care manufacturing technology.
Revitalization of Speedway’s Main Street wins Monumental Award
The 39th annual event, which recognizes excellence in architecture, engineering, neighborhood revitalization and construction, took place Thursday at the Indiana Roof Ballroom.
Outreach center for homeless youth under way but still needs boost
The not-for-profit Outreach Inc. has started construction on the $3.3 million facility on the near-east side and hopes donors can come through with the final $300,000.
Developer Allen plans $2.6M project in Greenwood
Called Greenwood Business Center, the development is planned for an 11-acre site about a quarter-mile east of Interstate 65.
Phoenix Theatre raises $5.1M toward new complex
Officials said Wednesday they are launching a capital campaign to raise the final 40 percent of their fundraising goal. They also unveiled designs for the project by Indianapolis-based Ratio Architects.
Construction companies chosen for Ikea’s Fishers store
Swedish retail giant Ikea has hired a slew of contractors to build its Fishers store and is on schedule for a fall 2017 opening, it announced Wednesday.
Greenwood man charged in $2.7M fraud scheme involving local contractor
The former project manager for F.A. Wilhelm Construction Co. faces 20 years in prison for allegedly creating a fake business and billing his employer for materials, as well as making a false tax return.
I-69 subcontractors resume work on highway project
Crews have resumed work on an Interstate 69 project between Bloomington and Martinsville after halting operations earlier this month due to lack of payment.
Indiana Finance Authority takes action against I-69 developer
The Indiana Finance Authority has taken action against the private developer of a 21-mile section of the Interstate 69 extension for failing to pay for work done on the project.
Butler debuts $43M dorm, prepares to demolish another
The work is all part of a long-term university plan that includes more than $130 million in new construction.
Old City Hall hotel project faces financing delay
Construction of a 21c museum and hotel slated to be built as part of a $55 million redevelopment of Old City Hall is not likely to start on time after the owner missed a deadline to secure financing.
Home Depot sees record sales as U.S. home construction rises
Home Depot operates more than 2,250 stores, including four in Indianapolis and one each in Carmel, Noblesville, Greenwood and Greenfield.
Design for TWG’s $70M Park at Pulliam Square receives approval
City approval of the design paves the way for TWG Development LLC to begin construction this fall on the downtown project at 307 N. Pennsylvania St.
Five Seasons owner seeks to rezone Carmel site for possible development
The company wants to rezone the 15.4-acre site from residential to commercial to prepare it for possible redevelopment as an office park.
Environmental firm expects big growth in new HQ on hot corridor
EnviroForensics has spent $3 million to buy and renovate a new headquarters a few blocks north of its current location on North Capitol Avenue.
Zionsville approves Wal-Mart’s store plans from 2006
The decision came in response to a recent court ruling ordering the town to accept the giant retailer’s plans for a store on a 22-acre property on Michigan Road north of 106th Street.