Remote work seen more persistent than planners expected
The analysis found that work-from-home situations rose for every major demographic group and industry, but was especially sharp among highly educated workers.
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Treasury: Most COVID rental aid went to low-income residents
The Treasury found that more than 40% of tenants getting help were Black and two-thirds of recipients were female-headed households.
City finalizing $650,000-plus deal that restored water to troubled properties
Five days after announcing a deal with Citizens Energy Group to restore water service to tenants at two south-side Indianapolis apartment complexes, officials said they’re planning to get the city’s money back, but a lack of communication with the properties’ owners could complicate matters.
Next Door American Eatery rebrands less than a year after reopening
Boulder, Colorado-based The Kitchen Restaurant Group—which was co-founded in 2004 by Kimbal Musk, the younger brother of tech giant Elon Musk—said the name change would be accompanied by a new menu.
Indy-based developer in home stretch of $250M industrial project in Whitestown
About three years after first breaking ground, Indianapolis-based Strategic Capital Partners LLC has already brought to market about two-thirds of the 80-acre project, known as 65Commerce Park.
Central Indiana homebuilders off to slow start in 2022
Central Indiana homebuilders are coming off their busiest year since 2005, but January saw a big drop in single-family building permit filings.
Rents skyrocketing across United States with no end in sight
In the 50 largest U.S. metro areas, median rent rose an astounding 19.3% from December 2020 to December 2021, according to a Realtor.com analysis of properties with two or fewer bedrooms. Indianapolis-area rents have seen a smaller, but still significant, jump.
Q&A with Cory O’Sullivan, who has spun a hobby into a business
With the increasing resurgence of vinyl sales, Electric Key Records has grown into a full-fledged business of its own in a downtown Franklin storefront at 65 E. Jefferson St.
Developer planning $98M housing, retail project at 96th and Allisonville
The project from Carmel-based developer CRG Residential would contain 380 apartment units, 66 townhomes for sale and 35,000 square feet of retail space. The firm also would donate 25 acres of land to beef up a recently announced city park along the White River.
Mortgage rates soar to levels not seen in nearly three years
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average has spiked in the last six weeks to 3.92%.
Westfield’s Rail restaurant plans a revival and return to its roots
No longer in a renovated barn, the Rail reboot will be reminiscent of original business model that combined sandwiches with a market.
Former Trustee building on Mass Ave set for revamp with restaurant space on first floor
According to plans approved by the Indianapolis Historic Preservation Commission this month, Landmark Properties plans to make several changes to the five-story building to attract office and retail tenants.
Developers plan $300M, 125-acre Plainfield project with housing, commercial space
Percolating under the radar for two years, the first phase of Hobbs Station is expected to feature 300 apartments, 99 single-family homes and 500,000 square feet of logistics space.
Distillery will be fairgrounds’ first year-round retail tenant in two decades
HI & Mighty will open at the Indiana State Fairgrounds in June 2023, making and selling alcoholic spirits in Southwest Pavilion, a building that’s been used for storage in recent years.
Circle Centre owners commit to ‘transformative’ mall revamp
What’s next for the two city blocks that are now Circle Centre mall could start coming into focus over the next year.
Landlords finding ways to evict after getting rental aid
The National Housing Law Project, in a survey last fall of nearly 120 legal aid attorneys and civil rights advocates, found that 86% of respondents reported cases in which landlords either refused to take assistance or accepted the money and still moved to evict tenants.
Design approved for Indiana University’s new School of Medicine building
IU said the 11-story, 325,000-square-foot facility in Indianapolis will be used to address instructional and research needs of programs in the university’s school of medicine.
New site proposed for Terre Haute casino
Kentucky-based Churchill Downs Inc. has filed to rezone nearly 50 acres near Interstate 70 and State Road 46 to build the Queen of Terre Haute Resort.
Pelted by buyout offers, Kohl’s adopts ‘poison pill’ plan
The retailer says recent offers to purchase the department store chain undervalue its business.
Saraga International Grocery details reopening plans following fire, makeover
Renovations at the store near Lafayette Square Mall were necessitated by smoke damage and water used by a sprinkler system.