City not impressed with fixes proposed by Di Rimini developer
Developer Jeff Sparks met with city planners Oct. 1 to propose fixes to the apartment project at Capitol Avenue and St. Clair Street.
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Indiana Landmarks selling downtown headquarters
The building housing the not-for-profit’s current headquarters on the Central Canal is listed for $3.1 million. The not-for-profit is moving into the former Central Avenue Methodist Church in the spring.
INSIDE DISH: Cajun couple plays to strengths
Deb and Carter Hutchinson, owners of Mooresville's unlikely Creole hotspot Zydeco's, have made a living through their gifts for shifting gears. Created on little more than a whim, the eatery thrives on its out-of-left-field approach.
Good News Ministries eyes using ex-motel to house homeless
Residents of Irvington are split over whether to support turning the former Indy East Motel into housing for homeless families.
Fourth Artsgarden skywalk gets approval
Despite objections, the Metropolitan Development Commission agreed to provide $600,000 in city funds to help build an enclosed pedestrian walkway connecting the downtown PNC Center with the Indianapolis Artsgarden.
Update: Check out proposed fixes for Di Rimini project
Check out the proposed fixes for an apartment development that looks a lot different than the approved plans.
Estridge scales back Symphony development in Westfield
The Estridge Cos. said it is reducing Symphony from a planned 1,400 acres to a size that will closer rival the Carmel-based home builder’s 436-acre Centennial development, also in Westfield.
Longtime car retailer closes on west side
National Car Sales, for years known for its commercials featuring basketball coach Bobby “Slick” Leonard, closed last week after more than 20 years in the market.
Walnut Street building sold for retail use
The two-story industrial building along the Indianapolis Cultural Trail will be converted into a furniture store.
City not impressed with offer from Di Rimini developer
What makes a developer think he can win approval for one design and construct an entirely different building? How did no one at the city notice until the structure was almost complete? What happens now?
Biglari adjusts controversial pay proposal
The parent company of Steak n Shake restaurants has scaled back a controversial pay package for its CEO in hopes of securing shareholder approval of the plan at a rescheduled special meeting.
City halts apartment developer
The Near North Development Corp. asked the city in a Sept. 2 e-mail to compare the renderings for the Di Rimini apartment project at 733 N. Capital Ave. with what was actually taking shape. A week later, the Department of Code Enforcement issued a stop-work order for the project.
Ex-manager accuses Butler Kia of keeping violent employee
A former sales manager at Butler Kia alleges a co-worker pulled a gun on employees—yet was kept on the job for several months afterward.
Legal fight over Pan Am Plaza outpaces redevelopment
Plaintiffs are challenging the city’s 2007 decision to waive a hefty fee that otherwise would have been required to redevelop the crumbling site.
Site chosen for proposed Westfield sports complex
The Hamilton County sports and recreation campus—known as the "Family Sports Capital of America"—is expected to occupy 300 acres and cost millions to fully develop.
BPG sells trio of Keystone Crossing buildings
An affiliate of Pittsburgh-based PWA Real Estate LLC snapped up the three buildings for $15.5 million. The largest totals more than 100,000 square feet and houses such tenants as General Casualty Co., 20/20 Institute and M/I Homes.
Dolce hotel, YMCA part of city-funded ‘North of South’ development
The city plans to issue bonds and use tax-increment financing to fund the $150M project, which also will include 320 high-end apartments and 40,000 square feet of retail space. Construction should begin this year.
$150M ‘North of South’ project moving ahead
Officials are announcing details of an ambitious downtown development planned for 10 acres Eli Lilly and Co. owns near its Indianapolis headquarters. The project will include a hotel, apartments, restaurants and retail space and a YMCA.
REITs use stock sales to grow after paying debt
U.S. real estate investment trusts, including Indianapolis-based Duke Realty Corp., are selling shares to fund property acquisitions after using record cash from equity offerings last year to reduce debt and cover dividends.
Retail roundup: Kahn’s plans new downtown store & more
We lead off today’s flush retail roundup with a new location for Kahn’s Fine Wines & Spirits. Also on tap: New local brewery chooses Fort Ben, three new restaurants, a new bakery and more.