Central Indiana existing-home sales fall for 15th straight month
Homes are spending much more time on the market than they did a year ago, but median prices are still on the rise.
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Green District salad restaurant closes Monument Circle location
Green District, which offers chopped salads, wraps and grain bowls, was open for 20 months on the south side of Monument Circle.
O’Malia’s in Carmel buys its longtime showroom
The company has leased the 18,000-square-foot building since 2002 and hopes the purchase—made possible through a small-business loan—will cement it in that location for the foreseeable future.
New Taylor’s Bakery owner plans no changes at 110-year-old business
Taylor’s Bakery, a cake and pastries business that had been owned by four generations of the same family, has been acquired by an Indianapolis real estate investor.
TIF district could spur more development near emerging hospital campus
The city is trying to capitalize on construction of Indiana University’s $4.3 billion Methodist Hospital complex and other projects underway or in development on the north side of downtown.
4 years into incentives plan for developers, community-building programs emerging
Indianapolis developers receiving tax abatements have committed to providing nearly $5 million to help struggling middle- and low-income families gain access to economic opportunities and become more upwardly mobile.
First Baptist Athletics campaign gets big gifts from Lilly Endowment, real estate firms
More than a dozen major gifts have been made for the youth sports facilities project, with most coming from real estate companies and associated foundations whose leaders have connections to the organization.
Zionsville to develop nature preserve at former Wolf Run Golf Course site
Plans call for the Carpenter Nature Preserve to have enhanced wetlands, woodlands and prairies, along with boardwalks, a nature-inspired playground and Eagle Creek overlooks.
Retailer Tuesday Morning closing all stores, begins clearance sales
The discount home goods retailer has one remaining store in Indianapolis and another in Carmel that will soon be closing their doors.
Area residential builders see 15th straight month of falling permits
Demand for new houses in central Indiana continued to lag last year’s pace in March, but longtime housing hotbed Hamilton County broke out of its recent slump.
Cities reviving downtowns by converting offices to housing
A growing number of developers are considering converting empty office towers into housing as part of an effort to find uses for properties that emptied out during the pandemic.
Bed Bath & Beyond files for bankruptcy protection, plans to close stores
The retailer has set a closing deadline for its stores, including those in Carmel, Noblesville, Greenwood and Bloomington, and announced it will stop accepting its ubiquitous coupons soon.
Purdue senior development will bring older alums back to campus
The university, which has 575,000 living alumni, plans to break ground later this year on Varcity at Purdue, a 230,000-square-foot community at the school’s Discovery Park District.
Cannabis consumption lounge to open in Fountain Square
WildEye Cannabis, dedicated to the consumption of cannabidiols, is scheduled to open Friday in Fountain Square.
Keystone Sports Review to move to former Birdy’s location
Keystone Sports Review plans to move 15 blocks north this summer to take over the former Birdy’s Bar & Grill. Meanwhile, KSR’s existing site has a new owner that will open another business after KSR relocates.
Columbia Club eyeing rooftop upgrades with deck, dining space estimated at $10M
The rooftop plans call for an outdoor deck with seating for more than 50 people, as well as an indoor space with a small kitchen, a bar and table seating for another 50 people.
Salesforce giving up 25% of its space in state’s tallest building
The tech giant, which has been cutting costs and restructuring its real estate in the face of a possible economic downturn, put three contiguous floors at Salesforce Tower in downtown Indianapolis on the market for sublease.
First Baptist Athletics planning new gym, field improvements on 86th Street
A request to replat the site initially led to some concern among neighbors that some of First Baptist Church’s property would be used for housing development.
Council committee OKs financing for affordable, workforce housing projects
Two projects—one in the International Marketplace and another on the north side of Indianapolis—have been approved for financing by the City-County Council’s Metropolitan and Economic Development Committee.
New Mass Ave bookstore plans to share stories from around the world
The Mass Ave cultural district features a bookstore for the first time since the 2021 migration of Indy Reads Books to Fountain Square.