Minneapolis-based Onward Investors LLC has purchased the 93-year-old building on East Washington Street and is planning a major renovation. The new owner hopes to attract a restaurant to the first floor.
Commercial projects are starting to stake claims on open land along the Zionsville portion of Michigan Road, catching up with the flurry of mostly retail development that’s already occurred along the Carmel portion of the roadway.
The firm behind the Ironworks apartment-and-retail complex at 86th Street and Keystone Avenue now intends to build a five-story, 120-room hotel next door.
The concept from local restaurateur Scott Wise will occupy 6,400 square feet of space on the ground level of the parking garage under construction next to Clowes Hall.
City officials are considering incentives for the two-story project, which would feature a restaurant and brewery on the first floor and office space for lease on the second level.
Four high-profile downtown office towers that recently attracted out-of-state buyers have become embroiled in disputes over their property tax assessments.
The development would be built on land at East 22nd and Delaware streets owned by King Park Development Corp. and would feature 47 market-rate units and 9,000 square feet of retail.
Five of the six buildings that Indianapolis Public Schools put on the block last month have attracted offers, with bidders appearing to lean toward renovating several as apartments.
One of the city's largest and oldest office parks has been sold. Castleton Park, a 120-acre property containing 31 office buildings, was acquired by New York-based Group RMC, a real estate management company.
New Jersey-based Fairbridge Properties bought the 12-story downtown office building from Ambrose Property Group, which purchased it out of receivership and invested $8 million in renovations.
If true, the move could signal that Indianapolis-based Simon Property Group no longer is interested in acquiring the rival shopping-mall owner.
A big chunk of the former General Motors stamping plant site near downtown will go back on the market July 1 now that the city’s plans to build a criminal justice center there have fallen through.
The Great Recession put the $1 billion Duke Realty Corp. project years behind schedule, but progress picked up again in 2011 and 2012. A tipping point for momentum was the long-anticipated Meijer store’s opening in 2014.
Developer Steve Pittman spent two years securing a specialty grocery as an anchor tenant after presenting the $90 million mixed-use project dubbed “The Farm” to Zionsville officials.
They hope to attract a developer to construct a three-story building with a mix of retail and apartments on the lot along East Washington Street where a historic building once stood.
The purchase of Metro AG’s Galeria Kaufhof stores is Hudson’s Bay’s first under its joint venture with Simon Property Group, marking a new era of real-estate fueled growth as retailers try to squeeze more value from their property.
Flaherty & Collins Properties already is selling a stake in its brand new downtown Axis at Block 400 apartment development to cover expensive cost overruns on the project.
The donor-management software firm says it plans to spend at least $8 million building a headquarters complex at Fort Harrison, part of an attractive deal that involves free public land and a roughly $300,000 grant.
The Harrison building at 143 W. Market St. will hit the market Monday. Built in the late 1920s as the Harrison Hotel, the 40,000-square-foot building offers views of the Indiana Statehouse.
After 10 years in Carmel’s Old Meridian District, Meridian Music Company is moving and downsizing operations.
