Council OKs $7M in developer-backed bonds for Block 20 project
The project, known as Block 20, consists of developments on two sites near Mass Ave and is estimated to cost $40 million.
Real estate deals
Articles
New York firm sells south-side shopping center, buys north-side complex in Castleton
Nassimi Realty was a key player in two transactions totaling $15 million, offloading a retail center dominated by dollar stores and acquiring a complex directly east of Castleton Square Mall.
Education startup plans $16M headquarters, charter school building on west side
Crossroads Education, a startup founded in 2016 that develops learning environments for K-12 schools and colleges, needs the city to rezone the property in Haughville and get approval for the height of the building.
Plans for hotel at One North Penn progress as owner reaches deal with holdout tenant
After a legal battle and mediation, Centier Bank plans to relocate its branch while the owner of the historic tower at Pennsylvania and East Washington streets prepares to revamp it as a swanky hotel.
Hotel, restaurants planned for ripe parcel at I-74 and Post Road
The Post Road exit is the last major off-ramp before I-465 when approaching Indianapolis from the east on I-74. It’s considered one of the least-developed interstate exits in the Indianapolis area.
Sheet-metal firm planning $4.2M expansion, 40 hires for new unit
Greenwood-based Poynter Sheet Metal Inc. and its landlord have applied for partial property tax abatements on the project that would save them a total of $595,000 over 10 years.
Crew, Fishers find alternate site for carwash, expand plan to include new headquarters
Crew Carwash and the city of Fishers announced Friday morning that the company will build a corporate headquarters and a carwash not far from the controversial location where Crew previously had wanted to build a carwash. Crew plans to spend at least $10 million on the project.
Long-simmering church redevelopment project in Cumberland receives tax breaks
Work finally has begun on construction of a 60-unit apartment project for seniors behind the former St. John United Church of Christ, which will receive $1.5 million in preservation work.
Fishers developer buys Noblesville’s Stonycreek Farm
The destination best known for the annual Pumpkin Harvest Festival has changed hands, but its new owner hopes to maintain it as a farm.
Shell of former gas station on cusp of Meridian-Kessler to become office building
Real estate agent and nearby resident Kelly Lavengood says she was inspired by other rehab projects in the area to buy and renovate the former Pure Oil gas station on 38th Street.
Harrison Centre in Lawrence once again up for sale
The building, 9105 E. 56th St., anchors the 20-acre Harrison Commerce Park at Fort Harrison. The property has changed hands three times in the past eight years.
IPS sees ‘tremendous market’ for Broad Ripple site, but first needs change in law
Indianapolis Public Schools offered a comprehensive analysis Tuesday, showing strong demand for housing, retail and office development on the 16-acre site of the closed Broad Ripple High School. But that can’t happen without changes to state law.
Symphony explores office move from Washington Street landmark
The Indianapolis Symphony Orchestra is conducting a feasibility study on its office space needs that could lead it to leave the 17-story, 107-year-old building it owns behind Hilbert Circle Theatre.
Attorney renovates bank near criminal justice center campus, seeks office tenants
The owner of Dean-Webster Legal LLC and her husband bought the 1.7-acre parcel last year and hope to attract other professionals who want a straight shot up Southeastern Avenue to the campus.
New owner of historic White Castle building ordering up rehab
Jason Hartman plans to fix up the turreted downtown building—one of White Castle’s first generation of fast-food restaurants—and lease it to a new user as retail, office or live-and-work space.
Fishers firm buys Joe’s Crab Shack site in Clearwater with plans for new HQ
A real estate developer has purchased the former site of the seafood eatery and applied for a property tax break from the city of Indianapolis on its planned $1.6 million renovation.
Panel pitches overhauls of Irvington properties, but without owner input
The out-of-town group hired by the city has suggested pursuing some big ideas for mixed-use and recreational developments, but it hasn’t talked with the owners of the properties in question.
City hires national group to study new uses for troubled Irvington sites
The struggling Irvington Plaza retail center and vacant Ford/Visteon manufacturing site are among the neighborhood’s biggest dormant spots and redevelopment opportunities.
California real estate trust acquires Carmel office building for $32M
StREITwise, a Los Angeles-based real estate investment trust, purchased the 142,000-square-foot Class A office and retail building from Ambrose Property Group.
Developer of The Yard in Fishers eyes adjacent land for another project
Thompson Thrift Retail Group has plans to purchase a combined 8.6 acres east of The Yard for a development that could include retail, office, townhomes and a boutique hotel.