Milhaus buying site for more downtown apartments
The local developer has agreed to purchase the former Mitchell & Scott industrial complex in the 600 block of College Avenue and is in the process of pulling together a plan for the site.
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WFMS property fetches $625,000 bid in county tax sale
Suburban New Orleans investment firm National Tax Asset Fund LLC placed the bid during the Marion County tax sale that ended Friday. WFMS parent Cumulus Media Inc. owns the property and owes more than $80,000 in back taxes.
Creditor could take ownership of downtown Comfort Suites
The owner of the hotel, an affiliate of Dora Brothers Hospitality Corp. in Fishers, filed for Chapter 11 bankruptcy in February. German American Capital Corp., which is owed $12 million, could own the property by the end of the year.
MainSource making most of prime downtown spot
Part of former Borders bookstore space is marketing opportunity for Greensburg-based bank. The other half could be turned into lobby for Barnes & Thornburg.
Keystone Group picked for Butler mixed-use project
The university chose Keystone over Kite Realty Group and Lauth Property Group to build housing, retail and parking worth up to $45 million.
City asks developers to make local hires in downtown TIF
Indianapolis city-county councilors hope expanding the downtown TIF district will mean more jobs for their constituents. Developers, city contractors and other firms benefiting from the expanded economic-development zone must try to ensure that 40 percent of their work force comes from within the expanded TIF area.
BROWNE: Finishing touches just now coming to Georgia Street
Time didn’t permit final upgrades before Super Bowl crowds descended on stretch.
New Alzheimer’s unit stresses soothing elements
The 36-room wing at Hoosier Village Retirement Center includes antiques and minimizes confusing shadows among other design elements.
City waterways initiative floats economic development ideas
More than 100 local groups are joining forces to rehabilitate neglected rivers and streams in Marion County in the hope of sparking redevelopment.
Gerdt Furniture closing Castleton location
The 26-year-old store at 8602 Allisonville Road is liquidating its merchandise and is marking down prices as much as 70 percent. Gerdt’s original and lone remaining store, in Southport, will stay open.
Defender Direct acquires Williams Comfort Air
Home-security and satellite-dish installer Defender Direct Inc. has acquired local heating, cooling and plumbing powerhouse Williams Comfort Air, creating a home-services company with nearly 2,200 employees and $335 million in annual revenue.
Bank taking advantage of billboard downtown location
Looks like Greensburg-based MainSource Bank intends to take full advantage of its new high-profile downtown branch location.
Developer targets long-empty College Avenue retail building
Teagen Development Inc. has a purchase agreement for the 6,600-square-foot building at 1101 N. College Ave., rescuing it from an attempt—since withdrawn—to demolish the structure.
Butler picks developer for $45M campus project
Butler University trustees have picked locally based Keystone Group to build a parking, retail and residential project on campus between Clowes Hall and Hinkle Fieldhouse.
Receiver appointed to manage troubled Century Building
A Marion Superior Court judge has appointed a receiver to manage the seven-story building in downtown Indianapolis that is facing foreclosure. A lender to the building’s owner claims it is owed $10.5 million.
Drop in funding worries Indiana preservationists
The amount of money awarded through the state's Historic Preservation Fund has dropped nearly $100,000 over the past year.
Settlement allows Broadbent to keep downtown HQ
The Indianapolis developer will continue to own its corporate headquarters at 117 E. Washington St. after reaching a settlement with two banks that had filed a lawsuit to foreclose on the building.
Finish Line boosts earnings outlook on Macy’s deal
The Indianapolis-based athletic apparel retailer expects its sales to grow by $250 million to $350 million a year as a result of a deal with Macy’s Inc. to become the department store chain’s exclusive athletic footwear partner.
Big names competing for Butler project
Butler University is finalizing plans for a mixed-use parking garage project near Clowes Hall that would include neighborhood retail and housing and might cost as much as $45 million.
Kennedys sell interests in running store chain
Bob and Melina Kennedy have sold their assets in BlueMile, a chain of running and fitness stores they founded 12 years ago as The Running Co. Co-founders Ashley and Andrea Johnson are now sole owners.