Work is progressing on the massive renovation of a historic downtown building in hopes that it will be ready to house a pair of art galleries in the spring. Both the four-story facade and the interior have been stripped.
In an auto-sales career spanning more than 50 years, Tom O'Brien built on a single dealership started by his father and created a multi-dealership business that today includes 16 family members.
Sen. Jim Merritt, R-Indianapolis, wants to shorten the amount of time vacant homes sit idle.
At 48 stories, Chase Tower is downtown’s tallest building, making it hard to miss the bank’s moniker and logo that now adorn it.
Developer Pedcor Cos. unveiled conceptual designs for six more buildings at Carmel City Center that could cost as much as $100 million to build over the next four to five years.
Despite the monthly decline, year-to-date permit filings are up 18 percent over 2012. This year’s number through 11 months has already exceeded 2012’s full-year total.
Carrefour SA joined a group of institutional investors to buy 127 European shopping malls in a $2.75 billion deal with Klepierre SA, which is 29-percent owned by Simon Property Group.
Office brokers say the 662,000-square-foot-building, downtown’s third largest, could fetch more than $60 million, or about $100 a square foot.
Although area sales of existing homes are up 15.4 percent through the first 11 months of the year, the trend has reversed in recent months. Year-over-year sales have fallen in four of the last five months.
After recently stalling on the stock market, shares of Simon Property Group perked up in trading Friday after the massive local firm announced plans to spin off nearly 100 retail centers into a new firm. Analysts approved of the move.
The locally based retail giant confirmed Friday morning that its new spinoff will be headquartered in Indianapolis. Several of Simon’s properties in the area will be among the new portfolio, including Clay Terrace in Carmel.
The as-yet-unnamed new company will have a separate management team. The company initially will own 54 strip centers and 44 malls.
Poised for a development boom in those heady days before the real estate market collapsed, Westfield appears back on track for growth. Residential activity never stopped, but builders are picking up the pace in response to increasing demand. If history holds true, a commercial construction blitz will come next.
The store at the Fashion Mall at Keystone features a design center where customers configure and order their cars.
Eskenazi Health leadership’s desire to connect the diversity of its hospital’s population through a healing park drew in a landscape architect firm that is not only one of the top in the country, but also one of the hottest architecture firms in the world.
Seeing small repair projects pile up at the city’s iconic 19th-century train station, city officials have launched an effort to assess the building’s condition with the most thorough inspection in several years.
As part of a $150,000 renovation of the first floor, workers are installing three large windows on the historic building’s north side where the originals had been removed and covered long ago with matching limestone.
The state’s environmental office has agreed to transfer a landfill permit to the new owner of a Madison County property at the center of a decades-long dispute.
Hubbard & Cravens plans to open in two downtown locations, restaurant Ember Urban Eatery takes space in the Villaggio, and a family entertainment center expands to Greenwood.
Napolese pizzeria and Crust Pizzeria Napoletana have quietly reached an agreement outside of court. Napolese owner Martha Hoover filed an intellectual property lawsuit against Crust owner Mohey Osman in October.
