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.
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.
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.
A team including former IndyCar driver Sarah Fisher purchased the aging track in a last-ditch effort to prevent the property from being bulldozed.
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 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.
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.
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.
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.
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.
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.
Holliday Farms likely will take 10 to 12 years to complete, with its value exceeding $550 million.
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.
Indiana-based Olthof Homes has filed plans to build 430 new homes in Westfield, including townhouses that would start at $150,000.
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.
Ambrose Property Group acquired the tired and mostly vacant downtown complex out of receivership in 2014 and embarked on a $20 million renovation.
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.
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.
The company is actively seeking franchisees to open stores in central Indiana and elsewhere in the state.
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.
