New charter school proposed for North Meridian Street
An Arizona charter school operator serving middle and high school students has filed plans to build a two-story school at Meridian and 22nd streets.
Real estate deals
Articles
Earth Fare grocery replacing Borders at Hamilton Town Center
An upscale supermarket chain focused on natural and organic products is taking the former Borders bookstore space at Hamilton Town Center. The store will be the first in Indiana for the privately held chain.
Manufacturer plans distribution center in Plainfield
Wisconsin-based Regal Beloit Corp. has hired Browning/Duke Realty to build a 376,000-square-foot distribution center in Plainfield, the company announced Tuesday.
Plans for Broad Ripple parking garage hit snag
City officials are recommending that construction of the $15 million parking garage and retail project be denied because the property sits 4 feet below a flood plain.
French mall operator looks to Simon for know-how
Simon Property Group Inc.’s cutting-edge experience as the biggest U.S. mall owner will help Klepierre SA boost rental income at its shopping centers, the French company’s CEO says.
Irvington apartment, streetscape projects clear hurdles
Two significant construction projects are closer to starting in Irvington, where the district’s East Washington Street commercial corridor is bouncing back even as one of its key buildings faces demolition.
Deal rekindles $45M downtown project
Former partners in Kosene & Kosene Development have settled a legal dispute that jeopardized redevelopment of the vacant former Bank One Operations Center downtown. Milhaus Development has until May 1 to begin construction.
Mass Ave restaurant plans clear first hurdle
The city’s Historic Preservation Commission has approved rezoning and variance requests for two buildings sought by the owners of Broad Ripple’s Brugge Brasserie just south of the intersection of Massachusetts and Park avenues.
Simon Property Group goes on $3.5B mall spending spree
The Indianapolis mall owner is expanding its global profile, agreeing to buy a controlling stake in a French firm with a 271-property European portfolio. Simon also is buying out a partner in its Mills portfolio closer to home.
Developer Broadbent loses fight to keep finances under wraps
A newly public filing shows the co-founder of The Broadbent Co.’s net worth has fallen 60 percent, to $48 million.
Industrial spec development making a comeback
Speculative development is returning to the modern bulk industrial market after a four-year drought, with at least two projects preparing to break ground this spring and another in the works.
Developer plans $15.7M senior-living center on east side
The city of Indianapolis approved the project after accepting Mainstreet Property Group’s offer to purchase the property at 16th Street and Arlington Avenue for $912,500.
Foreclosure sought for downtown’s Century Building
The lender claims owner Blue Real Estate defaulted on an $8.5 million loan on the historic building after failing to make payments beginning in July 2011.
Texas firm plans to move into Franklin distribution building
Music wholesaler Anderson Merchandisers LP is expected to occupy a 703,000-square-foot warehouse formerly used by Best Buy.
Broadbent sells part of Fashion Mall Commons
The 86,634-square-foot building that houses a Kohl’s department store fetched $15.3 million, or about $177 per square foot, according to a CoStar Group report.
Brugge owners eye downtown buildings for brewery, eatery
Owners of Broad Ripple’s Brugge Brasserie want to bring a new restaurant concept to the Massachusetts Avenue district downtown, where they also plan to relocate the craft brewery that supplies beer to Brugge.
IndyFringe buys headquarters building
The organizer of the IndyFringe Festival bought the building it has rented for three years and is raising money to expand it.
Local developer rescues 1913 apartment building from wrecking ball
A local developer and historic preservation group have teamed up to save a 1913 apartment building near the Children’s Museum from demolition.
Lawmaker: Prison land sale may pose safety threat
Democratic state Rep. Scott Reske said the sale of nine tracts of land surrounding the Pendleton Correctional Facility would cut in half a state-owned buffer zone between Pendleton's Fall Creek Elementary School and the town's two prison facilities.
Design firms buy building on East Market Street
The one-story structure will serve as a studio and headquarters for Axis Architecture + Interiors and Rundell Ernstberger Associates LLC.