Trampoline park to occupy former Marsh store in Noblesville
Urban Air Adventure Park has leased 34,000 square feet of a building left vacant in 2017 by Marsh Supermarkets.
Development/Redevelopment
Articles
Vote postponed on controversial Broad Ripple apartment project
The developer of a proposed 164-unit apartment complex in the heart of Broad Ripple said it would consider going back to the drawing board in an effort to get the blessing of some area residents who have concerns about the project.
Indianapolis engineering service provider to relocate to Noblesville
Applied Intelligence Corp. on Tuesday received preliminary approval for tax incentives based on its plan to build a new headquarters in Noblesville.
Columbus buying shopping mall to make it recreational/tourism complex
The city of Columbus is partnering with Columbus Regional Hospital and the Heritage Fund/The Community Foundation of Bartholomew County on the $5.9 million purchase.
Kite seeks to minimize risk in convention-hotels project
Hospitality industry observers say this is far from an ideal time for Kite—a publicly traded real estate investment trust specializing in shopping centers—to veer outside its core business and tackle what would be a risky and colossal project that easily could cost more than $600 million.
Zeller buys downtown office complex for $63M, plans amenity upgrades
The Chicago-based real estate firm intends to use the same strategy with Capital Center that it employed in refreshing Market Tower.
Developer in downtown hotel project sues bank in rift over relocating branch
Loftus Robinson plans to transform the 16-story tower into a 130-room Kimpton-brand hotel. But it says it has hit a snag with moving Centier Bank from the ground floor.
Businessmen plan $14M design center, makerspace in Fishers
The 85,000-square-foot design center will include a showroom, office and warehouse space, and a makerspace for hobbyists, entrepreneurs and students.
Developer plans $31M redevelopment of junkyard in Noblesville
Jackson Development received approval to redevelop 38 acres along 146th Street occupied by an auto salvage business into a business park featuring office and retail space.
Town of Speedway buys PNC building to renovate for new government center
The town of Speedway said it will use the 40,000-square-foot building to centralize some of its existing offices, which are spread across several nearby buildings.
Funeral home company acquires west-side industrial building
Flanner Buchanan, an Indianapolis-based company with more than a dozen funeral home locations in central Indiana, recently acquired the 32,000-square-foot building near the Riverside area.
Developer scraps plan for $22M downtown hotel, citing costs
Sun Development & Management Corp said the 11-story, 150-room project slated for a surface parking lot along South Meridian Street turned out to be “cost-prohibitive.”
The Yard in Fishers: It won’t be just about the food
When The Yard at Fishers District was proposed in November 2016, it was billed as a culinary-centric development. But as the project has grown, so has the number of non-food-related tenants.
Developer eyes mid-2019 for completion of $2M Fall Creek townhouse project
The project by Litz & Eaton Development Co. will add five new, 2,100-square-foot townhomes to the southwest corner of North Delaware Street and Fall Creek Parkway South Drive.
Townhomes planned on former service-station site in Fountain Square
The project is slated for an odd triangular parcel along one of Fountain Square’s main arteries as the neighborhood’s resurgence continues.
Local officials mum amid reports Amazon zeroing in on D.C. for HQ2
Amazon is approaching its end-of-year deadline for deciding where it will locate the $5 billion campus, and two national newspapers reported over the weekend that an area in northern Virginia is far along in negotiations.
Brewpub closes after seven-month run in Butler-Tarkington
A brewery and restaurant that hoped to be part of the revitalization of the south end of the Butler-Tarkington neighborhood has closed, citing “unexpected circumstances.”
Former ‘Top Chef’ contestants plan seafood restaurant in old Big Al’s space
The Meridian-Kessler eatery also involves Scotty’s Brewhouse founder Scott Wise. It will join a clothing boutique and a taproom in the former Big Al’s Superstore space.
Taxman Brewing to open restaurant/bar in historic downtown building
It will be the first Indianapolis location for Taxman, which also has operations in Johnson and Hancock counties.
Carmel turning blighted industrial area into sizzling mixed-use corridor
Redevelopment projects are dramatically reshaping several blocks along the Monon Trail in Carmel—and an end to construction isn’t in sight for the Midtown area.