The 135-room hotel at The Union at Fishers District is expected to open in late 2026.
Read More
The developer behind the planned overhaul of Circle Centre Mall could start construction work on the $600 million project by the end of this year.
Read More
All in, the cost of the redevelopment of Pan Am Plaza is expected to be about $780 million, with the convention center expansion cost covered through bonds backed by the city’s consolidated tax-increment financing district.
Read More
Specific details for the loan, which could be forgiven if the Simon family’s development affiliate meets certain terms, are expected to be finalized in coming months.
Read More
In a conversation with IBJ, the CEO of General Hotels Corp. explains how his work has shaped his perspective on downtown and offers his thoughts on the controversial city plan to build and operate a hotel.
Historians have extended an expired certificate of appropriateness for the long-delayed redevelopment of the historic office building just south of Monument Circle.
Only a few hotel rooms are still available ahead of Saturday’s World Wrestling Entertainment event at Lucas Oil Stadium and those are listed at steep prices.
The purchase marks the first downtown hotel property for MHG, which has nearly 20 other properties in central Indiana, Missouri and Florida, and nine other projects in its development pipeline.
Westfield officials hope a proposed $50 million hotel by South Korean-based Lotte Hotels & Resorts could provide an opening for more business with the country. City officials are planning an economic development trip to Asia in March to explore the possibilities.
The Indiana Fever Sports Performance Center has joined the roster of projects announced for the southeast quadrant of the Mile Square, which includes the prospective site of a Major League Soccer stadium.
IBJ first reported on plans for the project in August 2018, when Columbus, Indiana-based firm Everwood Hospitality Partners said it would spend $15 million to transform the vacant 133-year-old property.
Purdue’s purchase of the site—once earmarked for a large hotel and office development—is one of several moves the university has made downtown stemming from the dissolution of IUPUI last summer.
Indianapolis-based Keystone Group has been working on the 170-room hotel, a $101 million adaptive reuse of the historic Illinois Building at 17 W. Market St., since 2018.
Consumers often see advertised prices for hotel rooms, short-term rentals, and tickets to sporting events and concerts only to be surprised later by so-called “junk fees,” including resort fees, cleaning fees, processing fees and other extra charges.
The $312 million project calls for a 170-room Shinola Hotel, a 4,000-seat live performance venue operated by Live Nation, an enclosed parking garage and a skybridge connecting to Gainbridge Fieldhouse.
In a year that’s included the NBA All-Star Game and U.S. Olympic swimming trials, Taylor Swift’s concerts are generating comparable business.
Mallon spoke with IBJ about what it’s been like to oversee the board at a time when so much is going on.
One of the largest office complexes in downtown Indianapolis officially changed hands this week, with the new owners eyeing an update for the property that could result in its partial conversion to a hotel.
Indianapolis’ agency for conventions and tourism also reports that short-term lodging bookings through Airbnb and Vrbo have surged 207% in the Indianapolis area as compared to Nov. 1-3 of 2023.
About 80% of ticket holders over the three concerts will come from outside Indiana, presenting an immense marketing opportunity for Visit Indy, the agency in charge of promoting Indianapolis for conventions and other tourism.
Plans call for the 215-room L7 Westfield hotel to be built on 6.5 acres in the Lantern Commons development near the intersection of U.S. 31 and 161st Street.
The budget motel chain—which operates 10 hotels in the Indianapolis area—is being sold by New York-based investment firm Blackstone, which purchased the chain in 2012.
Plans for the project call for 120 apartments, a 125-room high-end hotel, 63,000 square feet of office space, 15,000 square feet of retail space, 508 parking spaces and a public plaza.
Billionaire Chuck Surack’s real estate purchases are intended to discourage Mayor Joe Hogsett’s administration from disposing of the Indianapolis Downtown Heliport so the property could be used to build a soccer stadium.
