Real Estate Weekly: News notes 06/08/21
These news notes appeared in IBJ’s Real Estate Weekly on June 6, 2021.
Real Estate
Articles
Family farm sells for $10.6M, paving way for 250 acres of industrial developments
Opus Development Co. plans to develop up to four buildings on the land in the Mount Comfort corridor, including a 862,000-square-foot distribution facility for Atkins Nutritionals.
‘I finally did it’: Students at Simon’s mall-based academy celebrate graduation
Simon Youth Academy, an alternative high school in Indianapolis Public Schools, was created to help juniors and seniors in danger of dropping out. This year, 62 students earned diplomas from the school based in Circle Centre mall—the most in its six-year history.
Fishers Test Kitchen restaurant readies move to Bottleworks
Chef Carlos Salazar said he expects downtown Indianapolis customers will be more open to the global street food he serves at Lil Dumplings.
Real Estate Weekly: News notes, 06/01/21
These news notes appeared in IBJ’s Real Estate Weekly on June 1, 2021.
Construction spending posts modest monthly gain
Through the first four months of this year, construction activity is 5.8% higher than the same period in 2020.
Buckingham plans 187-unit apartment complex along Monon Trail in Broad Ripple
Plans for Monon Court call for razing an apartment development that has been been on the site for more than 70 years.
Illinois developer plans $20M industrial building in Indiana
The Homerlee Business Park will be built in East Chicago, less than a mile from Interstate 90 and near the Interstate 80/94 expressway.
Parent of Indianapolis-based Pac-Van acquired in billion-dollar deal
Stamford, Connecticut-based United Rentals Inc. paid $19 per share for Pasadena, California-based General Finance Corp.—which has owned Pac-Van since 2008—and assumed $400 million in debt.
Newfields puts historic Westerley property on market for $2.2M
The museum has used the the four-bedroom, eight-bathroom Tudor-style home built in 1922 to house its leader. It’s the first time the property has been on the market since the 1930s.
Real Estate Weekly: News notes, 05/25/21
These news notes appeared in IBJ’s Real Estate Weekly on May 25, 2021.
At long last, plans solidify for pedestrian/bike trail between Broad Ripple Park, Monon
The city of Indianapolis and the Broad Ripple Village Association expect to spend a combined $1.2 million on the RiverWalk multi-use trail, which will run along the north side of Broad Ripple Avenue.
Growing Logansport construction firm opens Boone County office
Logansport-based Steinberger Construction Inc. is investing $1.39 million to open an office in Lebanon, where it hopes to hire as many as 17 workers by the end of 2023.
Nervous retail workers struggle to adjust to new mask policies
Kroger, the country’s largest grocery chain, and other national retailers have been dropping mask requirements in locations where local governments allow them to.
Target joins other major retailers with big first quarter
Almost all retailers reporting quarterly earns this week have put up enormous sales figures, evidence of a migration from time spent shuttered indoors to something closer normalcy.
Real Estate Weekly: News notes, 05/18/21
These news notes appeared in IBJ’s Real Estate Weekly on May 18, 2021.
Onyx+East plans $10M townhouse project in Kennedy-King neighborhood
The proposal calls for seven three-story structures, with three buildings facing College Avenue, one facing 22nd Street and four occupying an interior area that surrounds a courtyard.
Garage Food Hall adds to tenant roster, plans room for more
The Garage Food Hall, part of the $300 million Bottleworks development on Mass Ave, has 17 tenants, with two more opening next month. The hall expects to create even more tenant space once pandemic restrictions end.
Area home sales, prices continue to escalate as inventories shrink
Buyers of existing single-family homes in the 16-county area swooped up available properties at a rapid pace in April, often showing a willingness to pay more than the asking price to secure a purchase.
Workers concerned about retailers ditching masks on vaccine honor system
Walmart, along with Costco Wholesale Corp. and Trader Joe’s, were among the first companies to ease their mask policy for vaccinated shoppers following a recommendation by the U.S. Centers for Disease Control and Prevention.