Growing Boone County needs varied housing options, study says
The big questions are whether the county is ready for projected growth and how its communities need to prepare for the LEAP Research and Innovation District.
Real Estate
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Alternative investments—real estate, crypto, private equity—catch on with individual investors
For a variety of reasons, including a slowdown in initial public offerings and increasing accessibility, alternative investments have been gaining traction with a wider range of individual investors over the last several years. And experts believe the trend will continue to grow.
Local businesses hoping All-Star Rewards program will boost their profiles
The program, which runs through Feb. 18, allows consumers to visit participating businesses and other locations around the state, accumulating points that they can then redeem for NBA-related prizes.
Chex Mix becomes symbol of overpriced airport snacks
A viral social media post about a $10 bag of snacks has once again turned attention to the exorbitant prices often charged by vendors at airports.
Developer, neighbors reach last-minute deal on $61M apartments project north of Broad Ripple
The agreement between J.C. Hart Co. and residents of the Oxbow Estates and Spirit Lake condominiums cleared the way for the City-County Council to unanimously approve a rezoning of the former Willows Event Center property.
Regions Tower owners face $75M foreclosure suit after missing loan deadline
In addition to its foreclosure demand, Wilmington Trust has requested the appointment of a new receiver for the 685,000-square-foot, 36-story property.
NBA weekend could be All-Star shot for downtown
Brokers are filling vacant retail spaces with corporate parties, personal events and an assortment of fan-focused pop-ups. They hope the crowds will want to return later for a fun night, a nice dinner or even office or residential space.
Menswear store to move to newly purchased downtown building with addition in the works
A couple whose custom menswear shop was looted during the 2020 downtown protests have doubled down on East Washington Street.
West Elm, Simply Amish stores on the move along north-side corridor
After closing its Fashion Mall at Keystone location, West Elm is preparing for Nora Plaza opening in April.
Developer planning two subdivisions in Westfield with nearly 600 houses
The Westfield City Council is scheduled to hear introductions for the Ravinia and Winterburg subdivisions at its meeting Monday night.
Developer unveils expanded plans for Lafayette Square after initial idea stalls
Fabio De la Cruz said if his vision is realized and partners participate as he expects, the total investment in the area could reach $700 million to $1 billion.
Aldi eyes Westfield for its fifth store in Hamilton County
The discount grocer, which has 82 stores in Indiana, is seeking approval to build a 20,000-square-foot store in the fast-growing north-side suburb.
Neighbors file suit to block proposed $61M Willows redevelopment
The group opposes the Elements multifamily project planned by developers J.C. Hart Co. and Chase Development to redevelop the Willows Event center into a 192-unit apartment community and 16 condominiums fronting Spirit Lake, north of Broad Ripple.
The Shop to add downtown location for sports and pop culture apparel
The third location of The Shop Indy Inc. plans to open Feb. 12 in a storefront east of Peace Water Winery’s Mass Ave location.
Company behind $845M data center in Indiana identified as Google
Google on Friday announced it has purchased the nearly 900 acres of land being used for the development, which until now has been known as “Project Zodiac.”
State lawmakers hear testimony on bill to repeal Mile Square tax
The majority of people who testified about the bill were against it, arguing that it would undo the work of corporate and civic leaders to boost perceptions of downtown in the aftermath of the pandemic and the 2020 protests for racial justice.
Over-55 crowd fuels growing active-adult housing trend
Active-adult communities are rental properties that can include apartments, cottages or villas targeted toward seniors who do not require medical care and want recreational activities and chances to socialize with people in their peer group.
Average long-term mortgage rates rise again, reaching their highest level in 4 weeks
The average rate on a 30-year mortgage rose to 6.66% from 6.62% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.33%.
Whitestown junkyard redevelopment proposal to face test
Developer Milhaus’ latest plan for the first phase of Maurer Commons details a $64 million mixed-use development with a 125-room hotel, a 228-unit apartment complex and 75 for-rent town houses. Residents want a more recreation-focused plan.
Downtown apartments among major Noblesville projects expected to be completed in 2024
Construction on several major real estate development projects is slated be completed this year in Noblesville, while visible progress should be made on others.