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.
Real Estate
Articles
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.
After reshaping Westfield, Steve Henke plots huge golf community in Zionsville
Holliday Farms likely will take 10 to 12 years to complete, with its value exceeding $550 million.
Apartment market holding up, despite deluge of projects
Milhaus President Jeremy Stephenson, a panelist at IBJ's Commercial Real Estate Power Breakfast on Wednesday, said job growth and millennials' tendency to put off marriage are helping to support the downtown apartment market.
Builder proposes moderately priced housing project for Westfield
Indiana-based Olthof Homes has filed plans to build 430 new homes in Westfield, including townhouses that would start at $150,000.
Homebuilder snags stables tucked away on north side for subdivision
Westport Homes has made a rare find: 33 acres of largely undeveloped land on West 64th Street in Washington Township. Until July, it was the home of Grandview Stables for more than six decades.
Local firm sells Meridian Street office complex for $37M after shoring up space
Ambrose Property Group acquired the tired and mostly vacant downtown complex out of receivership in 2014 and embarked on a $20 million renovation.
Big Brothers Big Sisters buys Meridian Street building for new HQ
The not-for-profit, which matches at-risk children with adult mentors, expects to begin renovations on the 20,000-square-foot building by mid-October, with completion scheduled for April.
Indiana-based company to resurrect Carson’s, other Bon-Ton stores
The company said it was in “advanced discussions with landlords” about reopening stores in Indiana and several other states. Bon-Ton closed 15 stores in Indiana this year, including the Carson’s in Circle Centre mall.
Chicago-based America’s Dog & Burger plans to enter Indianapolis market
The company is actively seeking franchisees to open stores in central Indiana and elsewhere in the state.
Once a downtown pioneer, developer Keller returns to residential game
Decades ago, J. Scott Keller was a pioneer of the downtown residential real estate scene. Now he’s back, building two modular homes on South Arsenal Avenue with architect Terry Bradbury.
$24M Noblesville project aims to lift downtown without losing charm
Noblesville leaders say building a mixed-use development in their historic downtown allows them to make history while also preserving it.
Southern-inspired eatery/wine bar to open on Mass Avenue
It will be the fifth location overall for the Louisville-based restaurant chain, which opened a Fishers location in 2016.
Big seniors-only apartment complex slated for north-side neighborhood
Sandwiched between homes to the south and commercial development to the north, the $19 million proposed project sparked concerns from nearby residents about its height and density, as well as its impact on drainage and traffic.
Purdue Polytechnic eliminates Broad Ripple High School from site search
Purdue Polytechnic High School on Friday announced it was no longer considering the former Broad Ripple High School building as a site for its second Indianapolis location.
Papa John’s founder sues company’s board, CEO
Papa John’s International Inc. founder John Schnatter escalated his legal battle with the pizza chain, suing the board of directors and CEO Steve M. Ritchie.