City plans to purchase 25 acres on southeast side
The city is considering offering the property to a private developer to create affordable housing or utilizing the land to combine the city’s 911 call center and emergency operations center.
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Last days of Duke: Developer, jobs set to dissolve with acquisition’s approval
Duke Realty Corp.’s legacy will linger beyond its pending $26 billion all-stock acquisition by industrial-sector behemoth Prologis Inc., expected to close early next month.
New off-price fashion retailer Daily Thread to open Circle Centre store
Parent company NYC Alliance Group, which owns several clothing brands, began opening Daily Thread stores in the Midwest a year ago and has already grown the chain to more than 40 stores, including at least five in Indiana.
Broad Ripple townhomes project along White River set to move ahead
The developer of Riverbank Townhouses—featuring units with listing prices beginning at $750,000—hopes the project will encourage more homeownership in the village.
Developer: Proposed Indy Eleven stadium won’t need more state support
The Indy Eleven soccer team owner said he is confident his plans for a downtown stadium won’t hinge on asking for more state tax dollars than already promised, despite the project’s cost increases since the Legislature agreed three years ago to help fund it.
Some bosses say remote work kills culture. Many companies disagree.
While scaling culture remotely might have challenges, companies say it’s worth it. Employees have more freedom, and employers can access a larger talent pool, including workers who want or need flexible work.
NBA 2K League president says Indianapolis contender to host 2023 season
Brendan Donohue, president of the NBA 2K League, said that if the Pavilion at Pan Am were not being torn down, the likelihood of Indianapolis retaining the league would be much higher, but noted the loss of the facility isn’t a deal breaker.
Artist invests in fellow artists and near-east side
The idea came to Lobyn Hamilton after he moved into a former grocery store in the neighborhood where he spent the earliest years of his life.
AMH Development planning up to 168 new rental homes in Noblesville
The company presented plans to the Noblesville City Council for two new rental-home communities, but some councilors expressed concerns about the amount of housing under development in the city.
Wisconsin-based sub sandwich chain plans multiple Indy-area restaurants
Milwaukee-based Cousins Subs said Tuesday that it has signed leases to open two restaurants in Indianapolis as part of an expansion plan that could include as many as seven area locations over the next few years.
UPDATE: Autosports giant Andretti Global planning $200M HQ in Fishers, 500 jobs
The 575,000-square-foot facility will serve as the base of operations for the team’s current NTT IndyCar Series, Indy Lights and IMSA programs, as well as future racing initiatives.
Indiana Landmarks unveils 2022 ’10 Most Endangered’ list
Indiana Landmarks on Monday released its annual list of the 10 Most Endangered landmarks throughout the state. The organization said the places on the list often face a multitude of problems, including abandonment, neglect, or owners who lack money for repairs.
IBJ Podcast: How do you solve a problem like Monument Circle?
A circle seems like a simple shape, but this is a very complex puzzle for city officials. For this week’s edition of the IBJ Podcast, Dan Parker, director of the Indianapolis Department of Public Works, talks with host Mason King about the direction the city is taking and what roadblocks could be in the way.
Remote work revolution already reshaping America
Remote work has stabilized at an extraordinarily high level: Around a third of work was done remotely in the United States in 2021 and 2022, according to several economists.
Platinum Properties planning to build 65 townhouses in Whitestown
Ellis Acres would be built on 10 acres on the southwest side of the intersection of County Road 750 South and Indianapolis Road near the interchange of Interstates 65 and 865.
Lauth finalizes purchase of Ford Visteon site, with plans for 2M-square-foot industrial park
Carmel-based developer Lauth Group Inc. said Wednesday it has acquired the former Ford Visteon campus on the east side of Indianapolis and is moving ahead with plans for a $175 million, multi-tenant industrial park on the site.
Closing, consolidating IPS schools could depend on condition, usage scores
The fate of more than 60 district schools may be determined in the coming weeks, as IPS grapples with declining enrollment in its traditional neighborhood schools.
Existing-home sales sink 12.1% in central Indiana
Median prices of homes sold in central Indiana ticked down slightly from June to July, but are still significantly higher than they were a year ago.
Auto enthusiasts pay $200K+ for customizable condos for their cars
The desire to connect with people who are passionate about anything with wheels and a motor led entrepreneur Jay Farmer to open Motor District Garage Condos in Westfield.
East Coast wing chain planning multiple locations in Indianapolis area
Atomic Wings, a fast-casual chicken wing chain, plans to makes its Midwest debut in Indiana after signing a 10-unit development deal with an Indianapolis-based businessman who is well-acquainted with operating restaurant franchises.