A new restaurant serving "gourmet Mexican street food" and a bar named to honor a fallen Iraq War veteran are in
the works for two vacant buildings along College Avenue in the Meridian-Kessler neighborhood.
Developer Leif Hinterberger has spent five years and most of his savings trying to build a $19M mixed-use
project at 49th Street and College Avenue. The project could be in trouble if he doesn’t get city
support.
Financially troubled developer Lauth Group Inc. is looking for new office space after the company’s largest investor took
control of the building it now calls home.
Vacant movie-rental stores are beginning to flood the retail real estate market here and elsewhere as the
nation’s
second-largest chain liquidates and industry goliath Blockbuster Video fights for its life.
The housing market had boomed earlier in the year on the strength of federal tax credits. Since they have expired, the number
of people looking to buy has dropped even with the lowest mortgage rates in decades.
A Holiday Inn hotel along Interstate 69 just north of 96th Street in Fishers is scheduled to hit the auction block next month
with a suggested opening bid of $1 million.
The foreclosure epidemic has left a wake of carnage in the Indianapolis area.
Until this year, Indiana’s foreclosure epidemic knew no demographic boundaries. But suddenly that’s changed. Since March,
not a single foreclosure on a house priced at $1 million or more has been filed in the Indianapolis area—a possible
sign of better times for uber-expensive homes.
One of Indiana’s largest privately held developers is suing Simon Property Group Inc., alleging the nation’s largest
mall owner abused its “market power” to bully two national retailers into backing out of leases at a lifestyle
mall near Mishawaka.
With the first baby boomers set to turn 65 in six months, investments in senior housing are heating up. A group of Indianapolis-area
professionals—including Mark Waterfill (left) and Tony Schantz—have banded together to launch three senior housing
projects around the state, spending $49 million and looking
to do more.
Among the four eateries on the way, two are local ventures and two are chains.
Shop owners realize that landlords, already facing rising vacancies, are sometimes willing to sacrifice financially to keep properties filled and vibrant.
Harold's Steer-In was on its last legs when the Kehrer family decided
to rehabilitate the beloved eatery. After a slow start, sales are stampeding.
A $32 million plan to replace a troubled low-income housing project at 16th Street and Park Avenue cleared a final hurdle
Wednesday at
a hearing of the Metropolitan Development Commission. Check out renderings.
The federal government is asking questions about how the Indiana Family and Social Services Administration handles office
leasing after an IBJ investigation raised questions about potential conflicts of interest.
The recent dearth of construction activity has been an opportunity of sorts for the Indiana-Kentucky Regional Council of
Carpenters: During the slowdown, the trade group built a $13 million
training facility and administrative building in Greenwood.
State regulators are gearing up to crack down on companies thought to be treating people as though they are independent contractors
instead of employees.
New restaurants including The Ripple Inn, The Sinking Ship and Longhorn Steakhouse are planned for the Indianapolis area.
City leaders will officially announce Wednesday morning that Irvington Preparatory School will occupy the children's home,
which closed in June of last year. The school has signed a 15-year lease with the city.
A judge is scheduled to hear final arguments Thursday over whether Bren
Simon should remain as trustee for her late husband's roughly $2 billion estate. A video deposition has provided a glimpse
into ugly family conflicts.
