Startup bakery seeking tax breaks on $78M project
Dallas-based Specialty Bakery LLC plans to build a 226,778-square-foot production and distribution facility in southwest Indianapolis that would create 241 jobs by 2018.
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Articles
Tom Wood dealership snaps up 15 acres near Anson
The local auto group that sells 14 car brands could move its Toyota dealership from Lafayette Road to the Zionsville site, where the population is growing thanks to the Anson development.
Meridian Mark buildings in Carmel expected to hit market
The two eight-story, granite-clad buildings are highly visible along the North Meridian Street corridor, which has become attractive to investors as the market’s vacancy rate continues to fall.
Athenaeum shelves redevelopment of adjacent lot
Plans to redevelop a surface lot adjacent to the historic Athenaeum building have been shelved after proposals failed to meet financial expectations.
Precedent office park hits block
The owners of the 19-building Precedent Office Park are putting the massive property up for sale, eight years after buying it for $143 million at the height of the real estate boom.
Woodfield office buildings attracting strong interest
The two Class A office buildings totaling 348,000 square feet are close to being sold after falling into foreclosure during the implosion of defunct local developer Premier Properties USA Inc.
Canterbury to change name, close for 9-month renovation
The historic downtown hotel’s new owner says the $9.5 million revamp and affiliation with an international brand are needed to compete with new high-end hotels in the Indy area.
City eyes Cummins as anchor for key downtown site
City officials are quietly trying to orchestrate what would be a major coup: Landing Cummins as an office anchor for a second phase of redevelopment on the former home of Market Square Arena.
Former Thomson site may finally be ripe for redevelopment
The vacant Sherman Park business complex on the east side has been taken from a private developer in a bankruptcy reorganization, and several parcels of the 49-acre property are listed in the county's annual tax sale.
Two troubled downtown office buildings turn tenants’ heads
The Landmark Center at 1099 N. Meridian St. and the historic Century Building at 36 S. Pennsylvania St. (pictured) are both in receivership but attracting interest from potential buyers and tenants.
Denver firm snaps up Greenwood property for $15.7 million
The acquisition of the 450,000-square-foot distribution center is another sign of the improved health of the Indianapolis area’s industrial market.
Mammoth distribution center sold to California firm
A real estate firm with growing holdings in the Indianapolis area has purchased a 1.1 million-square-foot distribution building in the AmeriPlex at Indianapolis business park.
Broad Ripple apartment project gets preliminary approval
The controversial residential-and-retail development along the Central Canal got the nod from a city hearing examiner on Thursday. A zoning change and variances for the project still require additional approval.
Trust invites bids on GM stamping plant property
The owner of the 102-acre site has selected 12 companies and asked them to submit redevelopment plans. A deal could be announced by the end of the year.
Canadian firm buys former Fundex HQ for $3.7M
Dalfen American Corp. of Montreal acquired the 110,000-square-foot building in an auction Wednesday following the bankruptcy of the Plainfield-based game maker.
State Fairgrounds to debut new $10M Youth Arena
The 30,000-square-foot Youth Arena will debut as the site of 4-H Horse & Pony classes and events. The fairgrounds' newest building will also host livestock shows, draft horse competitions and other events.
Local firms team up to buy North Meridian office building
REI Real Estate Services LLC and Perennial Investments say that together they'll invest about $1 million in hopes of getting the office building at 550 Congressional Blvd. fully leased.
Developer puts key Zionsville parcel under contract
The vacant piece of land on the southwest corner of Main and Sycamore streets, once home to a Citgo gas station, is viewed as a vital link between the historic village and development to the south.
Developer HDG Mansur battling in court with former client
A local real estate fund manager sued by a former client is fighting the charges by claiming in a countersuit that it’s owed more than $20 million in fees.
Old Northside apartment projects reviving two buildings
Flock Real Estate Group is investing $1 million to refurbish side-by-side apartment buildings at the northeast corner of 13th and Alabama streets, and Englewood Group is spending $3.6 million to convert a former church across the street.