Speedway roundabout to reconfigure key intersection
The $14M project should be finished late next year and will replace the confusing and often-dangerous Crawfordsville Road and 16th Street intersection near the Indianapolis Motor Speedway.
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$11M Irvington apartment project entering second phase
Irvington Lofts, a 50-unit affordable housing project, is slated to open in the fall, as construction begins on a nearly 6,000-square-foot adjacent medical office that will be occupied by Franciscan St. Francis Health.
City: $60 million needed for Monument Circle overhaul
The project would entail reconstruction of the brick-paved Circle and adjacent blocks along Meridian Street and Market Street. Construction could start in 2016.
City: $60M needed to make Circle more pedestrian-friendly
The project would entail reconstruction of the brick-paved Circle and adjacent blocks along Meridian Street and Market Street. Work could begin in 2016.
Chemical cleanup planned at old factory site
The trust created to revitalize and market former General Motors properties has set aside about $7 million to clean up a contaminated site in Kokomo where a factory stood from 1915 to 1993.
Tepid U.S. retail sales spark concern about economy
Bleaker outlooks at retailers like Wal-Mart and Macy's are raising doubts that consumers will spend enough in coming months to lift the still-subpar U.S. economy.
Pittman family finally moving forward on mixed-use Zionsville project
After decades of choosing to wait, a Zionsville family is moving forward with a $90 million mixed-use project on the high-profile corner of Michigan Road and Sycamore Street.
Broad Ripple apartment project gets preliminary approval
The controversial residential-and-retail development along the Central Canal got the nod from a city hearing examiner on Thursday. A zoning change and variances for the project still require additional approval.
Endangered Phillips Temple avoids demolition, for now
The historic but vacant structure at 1226 Dr. Martin Luther King Jr. St. has attracted a few potential buyers, prompting Indianapolis Public Schools to delay demolition of the building pending a deal.
Indy-based Lids to open 200 outlets in Macy’s stores
The arrangement is considered an inexpensive way to expand Lids’ reach into large, sports-centric cities. But Wednesday’s earnings report from Macy’s indicates consumers aren’t spending as much on apparel.
Area home sales decline for first time in 2-plus years
The pace of home-buying has fallen due to higher mortgage rates, rising prices and lower inventories.
IndyFringe’s theater addition to get boost from developer
The theater group’s plans for a 2,100-square-foot addition at its home base near Mass Ave. will receive in-kind construction services from Milhaus Development LLC, which is building its Circa project just to the south of IndyFringe’s headquarters.
Adjacent Chatham Arch properties could attract redevelopment
The roughly one-acre properties at 625 E. 11th St. and 602 E. 10th St. encompass an entire city block.
Indianapolis-area homebuilding filings jump 35 percent
Year-to-date, local single-family-building permit filings have risen 27 percent from the same period a year ago.
Retailers see slow start to back-to-school season
Shoppers are holding off on back-to-school shopping, and those who delay long enough might be rewarded with some steep discounts from desperate retailers.
Flaherty making big pitch on Range Line Road project in Carmel
Flaherty & Collins Properties is floating two redevelopment ideas for a seven-acre parcel on the edge of Carmel’s tony downtown, but both require public support that casts uncertainty over the project.
Simon suffers setback in antitrust suit
A federal lawsuit alleging monopolistic behavior by Simon Property Group Inc. likely will proceed to trial after a federal judge in South Bend denied a motion by the Indianapolis-based mall giant to dismiss the 3-year-old case.
Indiana lawsuit about cold beer sales faces uphill battle
States are viewed as having wide latitude to regulate alcohol sales.
Trust invites bids on GM stamping plant property
The owner of the 102-acre site has selected 12 companies and asked them to submit redevelopment plans. A deal could be announced by the end of the year.
Meijer plans to hire more than 9,000 in five states
The Grand Rapids-based company says it wants to hire 1,800 in Indiana. Most of the new positions will be part-time.