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.
Office Complexes
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Fishers gets clearance to open airport land for offices, manufacturing
Fishers officials have drafted a plan to market 211 acres at Indianapolis Metropolitan Airport for commercial development. The Indianapolis Airport Authority gave its blessing Friday morning.
New owner of downtown office towers plans $5M in upgrades
Mission Peak Capital sees a big upside in spiffing up the buildings near Cummins’ new office project and a planned 28-story apartment building.
Flaherty & Collins walks the walk with move from suburbs to downtown
Responsible for a portion of downtown’s apartment boom, the developer hopes relocating to Regions Tower will attract the younger workforce it’s helping bring to the urban core.
FOCUS: Investment ramps up in Carmel, Westfield as U.S. 31 construction ends
More than $235 million worth of development is anticipated or already under construction along the roadway through Carmel and Westfield—and that doesn’t include a handful of the projects with undisclosed costs.
Two tracks of negotiations helped seal huge Salesforce expansion
Tech talent and naming rights on the state’s tallest building were key factors that helped Indianapolis secure an 800-employee hiring commitment from Salesforce.com this month.
Salesforce as top tenant makes tower more marketable, expert says
With Salesforce.com establishing a 250,000-square-foot regional headquarters in the soon-to-be-christened Salesforce Tower Indianapolis, the building should become much more alluring when its owner shops it for sale.
Indy-area office space filling up, with more big tenants in wings
Research from one brokerage shows office vacancy in the metro area dipping to 15.6 percent last quarter, the lowest rate since 2008.
Old National moving local base to Monument Circle
The Evansville-based bank has secured space in the IPL Building and plans to relocate local executives and a downtown branch there this fall.
$4.6M project in Franklin could help transform city’s downtown
The city is partnering with a private developer to turn a former factory building into condominiums, retail and event center space—one of several projects that could help revitalize its downtown.
Indy airport board cancels $500M medical plan; to reopen bidding
The Indianapolis Airport Authority board said it would “leave our options open and continue to search for the optimal project.”
IPS board postpones vote on proposals for Mass Ave site
Originally set to vote Thursday, board members decided they needed more time to examine proposals for redeveloping the former Coca-Cola bottling plant site and to get feedback from neighbors.
‘Scrappy’ developer Ambrose winning big projects
The eight-year-old firm is set to break ground in the spring on a $45 million medical facility in Mishawaka for the U.S. Department of Veterans Affairs, is partnering with Old Town Development to build a $33 million headquarters for Allied Solutions LLC in Carmel, and soon will build a $20 million office building for Stanley Security in Fishers.
IBJ building sold to Drury Hotels chain
The 92-year-old building at Washington and Pennsylvania streets was not on the market when the hotel chain approached its owners late last year.
Three Duke office parks might fetch $500M-plus
Three of the Indianapolis area’s highest-profile office parks, including the two largest in the North Meridian submarket, are expected to fetch as much as half a billion dollars when they hit the market next month.
Two downtown towers soon up for sale
The Chase Tower, the state’s largest office building, might fetch more than $200 million—a price driven up by a nearly finalized deal that would boost sagging occupancy.
Noblesville’s Grace Church buys Nora building for expansion
The church, which already is building a second home in Fishers, has bought an office building on Westfield Boulevard and plans to launch services at the site.
Hyatt Regency’s lobby, eateries to get $1.3M makeover
The new owners of the Hyatt Regency Indianapolis decided its lower levels needed an overhaul and sharpened culinary focus.
Downtown Dunaway’s restaurant building attracts buyer
A local company bought the historic building at 351 S. East St., near the entrance of the Fletcher Place neighborhood, and plans to convert it into office space.
Chase Tower struggles to fill vacant space
The 48-story Chase Tower, the state’s tallest office building, has more vacant space than it has had in decades. But increasing speculation in the local office market that Salesforce.com will take a big chunk of space there could mean it is poised for a turnaround.