San Francisco firm converting historic downtown office building into hotel
The 109-year-old building—once the tallest structure in Indianapolis—is slated for a transformation into a 130-room hotel expected to open in early 2020.
Development/Redevelopment
Articles
Indianapolis real estate attorney Karl Haas dies at 57
Attorney Karl Haas worked on some of the Indianapolis area’s biggest real estate projects over past last three decades.
Three-story building to rise on hot East 16th Street corridor
Mainstay Property Group has won approval to construct the office and retail project as the street’s commercial revival kicks into high gear.
Couple who pitched Westfield baseball center bristle over potential deal with mayor’s nephew
Sue and Chris Estep, owners of RoundTripper Baseball Academy in Westfield, say they met with Mayor Andy Cook to discuss the possibility of relocating to Grand Park.
Lockerbie block poised for $25M in condo, apartment developments
The projects, proposed separately by Litz & Eaton Development LLC and Block 20 Development LLC, would be built on two empty lots and on property where an existing building sits.
Work begins on $30M cold-storage warehouse in Anderson
The facility off Interstate 69 is expected to create 60 jobs by the end of next year and possibly 200 over the next decade.
Great Places 2020 organizers hope 2018 is transformative year
The effort, launched in late 2014, aims to mix private-sector investments with federal tax money to spark residential and commercial activity in five targeted Indianapolis neighborhoods.
Chatterbox, a bar that’s barely changed, has helped transform Mass Ave
When David Andrichik bought the Chatterbox in 1982, it sat on a street pocked with second-floor sleeping rooms and grungy storefront businesses.
Once-swanky downtown apartment building receives $5.7M makeover
The 88-year-old, seven-story Wyndham is available for occupancy after owner the Pearl Cos. bought the building and tore the interior down to its studs.
Mainstreet Health makes $425M acquisition, plans name change
Mainstreet Health Investments Inc., a company founded by Carmel-based Mainstreet Property Group, has reached a deal to acquire Care Investment Trust LLC, which owns 42 senior housing and care properties.
Plan to develop 211 acres at Fishers airport site takes flight
Local officials say the land, part of Indianapolis Metropolitan Airport, could house up to 1 million square feet of new commercial development under a plan approved on Friday.
Mainstreet Property Group cuts 12 workers in reorganization
The Carmel-based developer of senior care facilities did not provide any details about the job cuts or what positions were affected.
Irvington marketing firm buys building, prepares to exit lodge
The firm is rehabbing a commercial building in Irvington that’s been vacant for 30 years and saying goodbye to its longtime, idiosyncratic corporate home.
Former MLB player plans $6M training facility at Grand Park
The 65,000-square-foot-plus facility for Pro X Athlete Development would feature 44,000 square feet of open turf, full-length batting cages, weight room and golf simulators.
Indianapolis firm lands $3.5M-plus hospital demolition project
Eighteen companies tried to land the contract for demolition of the former Reid Hospital facility.
Habitat for Humanity plans 84-acre neighborhood
A Habitat for Humanity group is planning to build possibly hundreds of homes on an 84-acre site in Bloomington.
Developers propose $113M commercial project near I-65 in Whitestown
Plans from the two Indianapolis-area firms call for more than 2 million square feet of space in a development encompassing 170 acres.
East-side housing project part of city’s effort to retain teachers
Teachers’ Village in the St. Clair Place neighborhood will consist of 21 new or rehabbed houses priced below market, with the help of about $3.1 million in subsidies.
Former Angie’s List CEO seeks to buy company’s HQ campus
Bill Oesterle has assembled a group of local heavy hitters in hopes of purchasing the 17.5-acre site east of downtown, now that ANGI Homeservices Inc. has put it up for sale.
Buyer’s restoration of Saddlebrook Golf Course under way
Neighbors who raised $250,000 to help save the northwest-side course are set to gather early next month to celebrate the progress on the course.