Former Angie’s List CEO strikes deal to buy company’s HQ campus
Bill Oesterle and a group of investors have agreed to purchase the 17.5-acre site on the near-east side and could close on the deal in March.
Development/Redevelopment
Articles
Trump’s $1.5T plan to rebuild U.S. roads relies on local dollars
The plan intends to use $200 billion in federal money to leverage more than $1 trillion on local and state tax dollars to fix America’s roads, highways, ports and airports.
City urges big thinking on Circle Centre mall revamp
City officials say they hope to act quickly with Simon Property Group Inc. to determine the highest and best use for the Carson’s space at Circle Centre after the department store closes this spring.
U-Haul converting empty big-box space on east side into storage units
The company has purchased the property on Pendleton Pike where a former Menards store stood and hopes to have the 1,000-unit facility ready by fall.
IU plans $99M housing, dining complex for Bloomington campus
The new complex would have living space for 700 students with a mix of single- and multiple-occupancy rooms.
Former T2 exec embarks on downtown car club, auto storage project
Mike Simmons has bought the former Chef’s Academy on East Washington Street and is refurbishing the building to appeal to car enthusiasts by adding meeting and event space.
Sun King plans specialty brewery, taproom at Yard in Fishers
Sun King Brewing Co. has downsized a previous plan to build a major brewery and tasting room in Fishers. It instead plans to open a smaller facility at The Yard at Fishers District that includes culinary incubator space for the overall development.
Judge: Developer can proceed with residential-retail project in Chatham Arch
A Marion Superior Court judge has ruled in favor of a North Carolina developer, after a neighborhood resident challenged his plans to build the project.
Judge blocks big Chatham Arch housing-retail project over zoning issue
A Marion Superior Court judge has ruled in favor of a neighborhood resident, who fought the Indianapolis Historic Preservation Commission’s decision to give the project the green light.
Indianapolis among 20 finalists for new Amazon headquarters
Seattle-based Amazon solicited proposals in September for its second corporate seat, a project that’s expected to cost more than $5 billion and create 50,000 jobs.
Sun King to announce plans for Fishers brewery with developer of The Yard
The Indianapolis-based brewing company wouldn’t specify a location for the brewery, despite noting that a representative from the developer would be on hand at the Jan. 23 press conference.
Armory revamp for Herron High School campus clears major financing hurdle
Leaders of the $10.3 million Riverside High School project on the west side—a sister to Herron High School and set to open in the fall—have cobbled together several funding sources to finance the project.
IPS fields five bids for buying, revamping site on hot East 16th Street corridor
The 4.5-acre parcel just east of the Monon Trail received a high bid of $2.75 million. All of the proposals would mix commercial and housing development.
Landlord holds key to Twin Aire neighborhood transformation
Chicago-based Mer Car Corp. owns the 95,700-square-foot strip center anchored by a Kroger, where Southeastern and English avenues meet, just west of where the justice center is set to be built.
Greenwood sports-complex project stalled over energy rebate
A $25 million Greenwood sports complex is on ice while its developers try to work out a deal to get a sizable, one-time rebate from Indianapolis Power & Light Co.
Former Indianapolis entrepreneur charged with fraud in real estate deal
An entrepreneur, rapper and actor who had dreams of becoming a major Indianapolis real estate developer faces charges of securities fraud, the Indiana Secretary of State’s office said Tuesday.
Artist Noel upgrades Zionsville landmark in hopes of making it more marketable
She has listed the historic church building since 2015, originally for $1.85 million, but has dropped the asking price to $1.59 million as she finishes a second round of renovations.
Westfield approves development around Wood Wind Golf Club
The proposal from Paul Rioux, owner of Platinum Properties Management Co. LLC, is for a 309-acre development and would keep the golf course open.
City’s historic preservation commission hires from within to fill top post
A 17-year veteran of the Indianapolis Historic Preservation Commission has been appointed administrator of the city body, replacing longtime leader David Baker.
East 16th Street revival hits high gear
In the last three years or so, development along a roughly 20-block section of East 16th Street stretching from Pennsylvania Street east past the Monon Trail has exploded.