East-side neighborhood could soon get TIF money
Reagan Park could soon benefit from an economic development tool that would capture the tax dollars from new developments to benefit existing residents and potentially help them stay in their homes.
Real Estate
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Marsh Davis to retire as president of Indiana Landmarks after 19 years at helm
Davis has dedicated 37 years of his career to Indiana Landmarks, the nation’s largest statewide preservation organization, which has helped preserve scores of historic buildings across the state.
Historic commission signals support for $312M downtown hotel and entertainment venue project
Members of the Indianapolis Historic Preservation Commission on Wednesday mostly praised plans to redevelop the site of a century-old railroad servicing building across the street from downtown’s Gainbridge Fieldhouse.
Zionsville Town Council votes to reject South Village plan
Last week, Mayor John Stehr said he wanted to withdraw the South Village PUD ordinance from consideration because he did not believe there was enough consensus about the plan among council members.
Buca di Beppo files for bankruptcy, closes Indianapolis restaurant
Italian restaurant chain Buca di Beppo filed for Chapter 11 bankruptcy on Monday, days after closing 13 underperforming eateries nationally, including one of its three local locations.
Drugstores tinker with new looks as their usual way of doing business faces challenges
America’s drugstores are testing smaller locations and more ways to offer care as price-sensitive shoppers look elsewhere.
Simon family expands footprint near fieldhouse
For decades, Herb Simon’s downtown investment focused on owning Pacers Sports & Entertainment and managing Gainbridge Fieldhouse. But in recent years, Simon and his family have expanded their investments and holdings in downtown’s Warehouse District.
North of 96th roundup: Wally’s to break ground on expanded store in Whitestown
Multiple retailers, restaurants and other businesses recently opened, closed or began planning new locations in the north suburbs of Indianapolis.
Mayor asks to withdraw plan to guide development in Zionsville’s South Village
Zionsville Mayor John Stehr told IBJ on Tuesday that he does not believe there is currently enough consensus about the development plan among council members.
Work to empty troubled complex nears end
After years of neighborhood strife, the administration of Mayor Joe Hogsett last year began demolishing portions of the cluster of 258 housing units and is in the process of relocating other Towne & Terrace residents.
State AGs ramp up scrutiny of alleged price-fixing in rental housing
In the past two years, more than 30 lawsuits have been filed in federal and state courts alleging that companies such as RealPage and Yardi are equipping corporate landlords with software algorithms that allow competitors to collude on rental housing prices.
Developer considering Irvington Plaza as home for Indiana Sports Hall of Fame
News of a possible development at the site has been long-awaited by Irvington residents. But those involved said the potential project is in very early stages and will require a giant fundraising effort.
Developers plan about 150 single-family houses and town houses in Westfield
City Council members heard plans for the 44-acre Finley Creek Estates and the 11-acre Westfield Yard developments this week.
Ale Emporium to expand to Avon with new restaurant
The fourth Ale Emporium is expected to open next spring in a retail center that includes a Rural King and D-Bat baseball academy.
Central Indiana home sales sink 12% amid higher prices
Closed sales in the Indianapolis area have fallen in 28 of the past 29 months on a year-over-year basis.
Texas-based developer abandons Old Meridian Apartments project in Carmel
Old Meridian Apartments, a $60 million proposed project by Cross Development LLC, was called off because the city’s incentive for the project was not enough to make it feasible for the developer.
Former Carnegie Library to become Atlanta Town Hall in northern Hamilton County
The Neoclassical-style building at 100 S. Walnut St. was the Hamilton North Public Library’s North Branch before it closed last year due to decreasing use and budget constraints.
Revamped downtown CSX redevelopment plan features upscale hotel, music venue
An investment group led by Indiana Pacers owner Herb Simon and his family said Thursday it plans to spend at least $300 million to construct a 13-story luxury hotel and connected 4,000-seat theater on the property after demolition of the existing century-old building.
Three Hancock County organizations partner to acquire Elanco’s Greenfield HQ property
Pride Investment Partners, Hancock Health and energy cooperative NineStar Connect collaborated on the purchase of the 20.4-acre site through a joint venture called HealthStar Partners.
Biden to unveil plan to cap rents as GOP convention begins
The plan is likely to prove controversial among economists, including many Democrats. Experts on both sides of the aisle tend to argue that government limits on rent discourage new development by making it less lucrative.