Owner of controversial Geist billboard sues city
The company is seeking nearly $1 million from the city after it was forced to remove the billboard, even though it conformed to zoning guidelines for the property.
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Butler to build new residence hall, parking garage
The projects are part of a larger plan to add more student housing, possibly construct a larger facility to house the university's business school and renovate existing academic buildings.
Northern suburbs see blitz of apartment construction
Growing demand for high-end, low-maintenance living is fueling an apartment-building boom in Indianapolis’ northern suburbs—and raising concerns among some leaders about the risks of adding too much too fast.
Fletcher Place gains destination status
Fletcher Place on the southeastern edge of downtown for years served as little more than a pass-through for folks traveling between downtown and Fountain Square. But the triangle-shaped historic neighborhood is starting to carve out its own identity by drawing more residents and visitors to patronize the restaurants and drinking establishments sprouting along Virginia Avenue.
Combatants in grocery feud are finally making peace
Attorneys for the Marsh Supermarkets and Don Marsh have quietly reached a settlement on the final issue: how much each side owes the other for legal fees on claims on which they prevailed. Each had argued since last fall the other owed $1.7 million.
Chicago firm closes on $120M acquisition of Precedent park
LaSalle Investment Management now owns the second-largest office complex in Indianapolis. It hit the market after a bitter legal dispute between its former owner and locally based HDG Mansur.
Former Omar Bakery building on East 16th set for revamp
A Lincoln, Neb-based firm plans to spend up to $8 million to convert the nearly century-old vacant building into a mix of apartments and retail uses, possibly furthering the revitalization of the East 16th Street corridor.
Bloomington now requiring visual standards for chains
Mayor Mark Kruzan succeeds in five-year battle for ordinance to protect downtown from visual blight.
Duo creating waves in older Indy neighborhoods
A Realtor and builder are buying north-side homes to be overhauled and sold for big prices, dividing neighbors over the value of gentrification.
HHGregg ditches ad campaign, returns to former agency
The Indianapolis-based retailer is going back to Zimmerman Advertising a year after parting ways with the firm and just two months after unveiling a “brand transformation.”
Duke unloads office buildings for $150M, report says
The six Duke Realty Corp. properties in the Cincinnati area included the 403,000-square-foot Towers of Kenwood development, which sold for $69.2 million, according to the Cincinnati Business Courier.
Carmel developer sinks $66M into four senior communities
Leo Brown Group opened two facilities in Indianapolis and Avon in June, and has started construction on two similar projects in Ohio and Kentucky.
Roundup: Downtown microbrewery, CityWay deli, Clearwater tap
Chilly Water Brewing Co. is making batches in The Hinge along Virginia Avenue, while Gandolfo’s is coming to CityWay, where Chicago’s Yolk also will open.
Multifamily projects abound in Chatham Arch, Lockerbie
The four projects, one of them condominiums, would add nearly 280 units within about a four-block stretch from East Michigan Street north to Massachusetts Avenue.
First Financial nabbing new hub, closing 3 branches
Cincinnati-based First Financial Bank is shuffling its operations in the Indianapolis area, including moving its regional hub to a new downtown location and opening a high-profile branch in the same building.
Latest plans for Mass Ave land swap hit snag
The Indianapolis Historic Preservation Commission has expressed concerns about a proposed parking lot tied to a complex land deal involving a credit union, firefighters union hall, and a planned $43 million development.
State sits on prime downtown property near Statehouse
Three locally based firms responded to a state request for private-sector parking management, plus the construction of new spaces, by proposing mixed-use buildings for a 3.2-acre lot north of the Statehouse, according to response documents made public late last month.
Ambrose snags vacancy-plagued Meridian Street property
Ambrose Property Group Inc. is doubling down on the struggling downtown office market by purchasing its second property within six months.
Milhaus starts project in Oklahoma City
The $42 million project is Milhaus' second mixed-use project outside the Indianapolis area.
Good Earth avoids $1M judgment over Broad Ripple project
Browning Investments had sought to make the health food store and a Broad Ripple resident post a $925,000 bond to cover costs related to construction delays stemming from an appeal related to the apartment-and-retail project.