23-story apartment tower proposed for downtown Indianapolis
If built as proposed, the tower would be the tallest structure to be built downtown since the 28-story 360 Market Square building was completed in March 2018.
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Award-winning Indianapolis chef Greg Hardesty dies at 52
Hardesty, described as “the godfather of the Indianapolis culinary scene,” is widely credited with having launched the careers of numerous Indianapolis chefs who went on to open their own restaurants.
Real Estate Weekly: News notes, 06/22/21
These news notes appeared in IBJ’s Real Estate Weekly on June 22, 2021:
Speedway considering legal options for stalled Wilshaw project
The town of Speedway is considering legal action against the developer of the long-delayed Wilshaw hotel project, after the company declined its requests to provide a public update Monday night on the development’s status.
Fall Creek project hopes to charm on third try for state grant
The apartments would be available to individuals and families making 30% to 80% of the area’s median income, with 14 units set aside for transitional housing for individuals and families experiencing homelessness.
BJ’s Wholesale Club planning first Indiana store on area’s north side
Based in Westborough, Massachusetts, BJ’s is the third-largest warehouse club chain in the country. It operates 221 warehouse-style stores in 17 states.
Retail workers quitting at record rates for higher-paying work
Retail workers, drained from the pandemic and empowered by a strengthening job market, are leaving jobs like never before.
Milliman Inc. to add 95 jobs in Indianapolis
Seattle-based Milliman Inc., an international actuarial and consulting firm, announced Monday it will invest $6 million to lease and furnish more than 50,000 square feet in a downtown office building.
IBJ Podcast: Chef Baker explains what’s happening at the AMP food hall at 16 Tech
Baker talks with host Mason King about how the food hall came together—and why, for him, success will be when some of the eateries grow up and move out.
Fishers to consider $27M in bonds for land acquisitions, life sciences park
Much of the money is earmarked to acquire a 75-acre property for a life sciences business park that will be anchored by Stevanato Group’s planned $145 million pharmaceutical manufacturing facility.
Sports-team retailer Rally House expands into Indianapolis market
Sports apparel retail chain Rally House has opened its first Indiana store and is planning to add three additional stores in the Indianapolis-area market by the end of the year.
Capital Improvement Board sees first financially positive month since pandemic
The operator of the city’s convention facilities reported its best monthly financial performance since the pandemic led the Indiana Convention Center to temporarily close down in March 2020.
Central Indiana existing-home sales, prices continue to escalate
On a year-to-date basis, closed sales are up 10.9% so far this year, to 13,666, compared with 12,320 in the first five months of 2020.
Real Estate Weekly: News notes, 06/15/21
These news notes appeared in IBJ’s Real Estate Weekly on June 15, 2021.
Instant-delivery firm GoPuff quietly expanding roster of Indy fulfillment centers
Philadelphia-based GoPuff, a fast-growing company that entered the Indianapolis market in 2018, currently operates three micro-fulfillment centers here and plans to open two more.
Developer floating $5M in townhouses made from 32 shipping containers
The homes at 1925 N. College Ave. are expected to be completed by mid-2022, since construction with shipping containers is far less reliant on weather conditions than building typical homes.
City tweaks TIFs to boost affordable housing
City officials are again refining expectations of developers who ask for help in financing projects, with the goal of increasing the affordable-housing stock and reducing the city’s long-term debt.
Federal government to maintain expansive work-from-home policies after pandemic
The embrace of “maximum telework flexibilities” amounts to a massive shift for the federal government, which has long lagged behind the private sector when it comes to offering remote work.
Jeweler Alex and Ani files bankruptcy after rapid expansion
Indianapolis-based mall owner Simon Property Group is among the retailer’s largest unsecured creditors; it is owed more than $3 million in rent payments.
Pences’ $1.93M house near Zionsville reflects former VP’s growing wealth potential
Former Vice President Mike Pence and his wife Karen have purchased a 7-bedroom, 7½-bathroom house near Zionsville for $1.93 million, a clear sign that national office and the spotlight it brings have financially elevated the couple after years of modest living.