Downtown sees blitz of hotel projects
The Indianapolis hotel market is booming, with about 2,800 new rooms slated to come online downtown alone in the next five years.
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Developer plans $11M apartment project on city’s east side
The project, named Line Lofts, calls for 63 affordable senior apartments on 1.5 acres along Southeastern Avenue. Part of the project will face East Washington Street.
Memory Bank: End of an era
The building that once housed The English Hotel and Opera House in the northwest quadrant of Monument Circle was demolished in 1949.
Rosie’s Place takes cookies and more to Carmel
Debbi and Michael Bourgerie opened Rosie’s Place in Noblesville in 2010. They now also operate a second eatery with the same name in Zionsville and will open a third location in Carmel this fall.
Art house cinema/restaurant project now calls for demolition of 1924 church
The Battista family’s plan to redevelop a Prohibition-era church building on the east side into an independent cinema and eatery has changed dramatically. And so has the project’s price tag.
Indianapolis developer plans to move headquarters to Carmel
A multifamily development and management company has filed plans to build a 37,000-square-foot office building in the Meridian Corridor to serve as its new headquarters.
IBJ real estate panel talks apartments, Mass Ave, Castleton
Experts at IBJ’s Commercial Real Estate Power Breakfast said the fundamentals of downtown’s apartment market remain strong.
Greenwood approves incentives for potential $80M Amazon project
The mysterious company that is considering building an $80 million distribution facility in Greenwood and creating 1,250 full-time jobs was revealed Monday night during a city council meeting.
Pulte plans 460-acre residential project in Noblesville
Parkside at Finch Creek would be designed for as many as 1,500 new housing units, including homes for empty-nesters, apartments and senior-care facilities.
Fast-growing Garrett to build $20M Greenwood apartment complex in own back yard
The site for the 180-unit project is somewhat unusual—inside a business park that includes office buildings, a hotel, a Goodwill outlet store and the headquarters of The Garrett Cos.
Council panel OKs $16.7M in financing for $141M in Keystone Realty projects
Keystone Realty Group’s plan to spend $141 million on two high-profile downtown redevelopment projects passed a hurdle Monday night as an Indianapolis City-County council committee unanimously approved $16.7 million in financing to help fund the project.
Drury plans to demolish Caribbean Cove hotel/water park, build new inn
The mammoth hotel and conference center abruptly closed last year, leaving a huge hole in the Michigan Road corridor south of I-465. Drury Hotels wants a tax break from the city for its plans to fill it.
Former racer Sarah Fisher, partners acquire south-side kart track
A team including former IndyCar driver Sarah Fisher purchased the aging track in a last-ditch effort to prevent the property from being bulldozed.
New Bon-Ton owner has no plan to reopen Carson’s store in Circle Centre
Merrillville-based CSC Generation Holdings Inc., which acquired Bon-Ton’s intellectual property in bankruptcy court, said Indiana was not part of its initial plan to reopen stores.
IBJ Podcast: The grape experts behind Indiana’s wine resurgence
IBJ Podcast host Mason King talks to two of them — Bruce Bordelon and Jill Blume — about Indiana’s wine industry, what makes it special and what to expect in the future.
Posh Intercontinental Hotel part of $141M redevelopment plan for two downtown buildings
Keystone Realty Group is in line to receive financing help from the city for an ambitious plan that would overhaul two nearly vacant office properties near Monument Circle and bring a prestigious Intercontinental Hotel to Indianapolis.
3 restaurant newcomers make splash in Hamilton County
There’s nothing like a “coming soon” sign in the window to build an appetite, so diners have flocked to a trio of Hamilton County newcomers that opened their doors this summer.
Memory Bank: German sculptor makes Indiana his home
Sculptor Adolph Gustav Wolter, a native of Reutlingen, Germany, immigrated to the United States in 1922 and came to Indiana after the state hired him to carve symbolic relief sculptures for the Indiana State Library’s exterior.
Whitestown acquires property along Interstate 65 for Little League HQ
The Whitestown Town Council on Wednesday approved an agreement to buy 135 acres that previously served as the longtime home of the Wrecks Inc. automobile salvage yard. Little League International is expected to use about 20 of those acres.
Penrose project to fill Mass Ave retail gap
Developers of the $50 million Penrose on Mass say they’ve already signed four commercial tenants to the block-long mixed-use project that won’t open for another five months.