Developer plans massive Midwest distribution hub for Sephora
The 746,672 square-foot Sephora facility is a build-to-suit project that will occupy the entire acreage assembled by VanTrust for Avon Landing’s second phase.
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Fishers-based Vibenomics signs national deal with Lowe’s
Fishers-based Vibenomics has signed a deal with home improvement retailer Lowe’s, which is using Vibenomics digital advertising technology in its more than 1,700 stores nationwide.
Westfield’s 180-year-old ‘Green Building’ to be relocated
Crews with Pennsylvania-based Wolfe House & Building Movers LLC on Tuesday will move “The Green Building” from 102 S. Union St. to a temporary site directly east of its current location before eventually moving it to a new long-term spot.
Mambo’s Cheesesteak Grill adds location at Salesforce Tower
Restaurateur Carla McDaniel opened the original Mambo’s Cheesesteak Grill at Indianapolis City Market in 2015.
Wahlburgers in Carmel, MOTW Coffee & Pastries in Castleton close
Boston-based chef Paul Wahlberg founded Wahlburgers, a chain co-owned by his brothers, actors Mark and Donnie Wahlberg. The Carmel location was the only one in Indiana.
City open to additional funding for Old City Hall project after major budget increase
Indianapolis-based TWG Development LLC now says it will cost as much as $264 million to overhaul the historic building and build a 32-story apartment and hotel tower on a lot directly to its north—an increase of nearly 90% from the original budget.
Parent company of Saks Fifth Avenue to buy Neiman Marcus for $2.65B
The new entity will be called Saks Global, creating a luxury powerhouse at a time when the arena has become increasingly fragmented with different players.
Developer sues Lebanon for tech park fallout, citing LEAP District as city’s priority for water use
South Carolina-based RealtyLink is suing Lebanon for more than $25 million, alleging the city withdrew incentives after the project was delayed by the city’s inability to service the park with water.
Analysis finds growing gap in Indiana’s housing affordability
The findings, from an annual report jointly published by the National Low Income Housing Coalition and Prosperity Indiana concluded that Indiana dropped from 43rd to 34th in terms of affordability between 2021 and 2024.
Report: Indiana has lost 350K acres of farmland, but productivity rises
The Indiana General Assembly passed House Enrolled Act 1557 last year, tasking the Indiana State Department of Agriculture to estimate the amount of farmland lost—as well as the cause of it—from 2010 to 2022.
Owner of 27-story downtown apartment tower faces $101M foreclosure lawsuit
Since it was completed in 2018 at a cost of $120 million, the tower has become one of the city’s priciest residential properties, with an average rent of $2,365 per month, or $2.58 per square foot.
FAQ: What’s the deal with a potential Indianapolis MLS ownership group?
While speculation abounds on the potential involvement of the Simon family, in particular, Indianapolis Mayor Joe Hogsett has been silent about his knowledge of who might be part of the deal.
City views soccer stadium as catalyst for growth
With funding plans for a proposed soccer stadium clearing another hurdle this week, Indianapolis leaders, developers and brokers are beginning to evaluate the impact such a project could have on the near-east side of downtown.
Boone eco-devo group furnishes $622K in grants to upgrade historic buildings in Lebanon
Among the recipients are the Lido Building, formerly a movie theater that opened in 1914 as the Olympic Theatre, and the Collier’s Corner Building, which was constructed in 1883. The Eichman Exchange Building was rebuilt in 1938 following a fire.
Walgreens en route to closing hundreds—maybe thousands—of stores
CEO Tim Wentworth told analysts Thursday morning that “changes are imminent” for about 25% of the company’s 8,600-plus stores nationwide, which he said were underperforming. Walgreens counts more than 100 stores in central Indiana.
City’s strategy for excavating graves on site of Henry Street bridge project shifts to archaeology-first approach
The city has hired a Canadian company that helped relocate remains during the Indianapolis International Airport terminal project.
New restaurant to take over Marco’s site at 54th and Keystone
The Shadow Lounge will open in a building that was previously occupied by Marco’s Restaurant & Lounge and Capri Italian Restaurant across six decades.
IBJ Podcast: Sushi eatery owner expanding in Mass Ave area with new restaurant, refreshed Metro
Bill Pritt digs into the origin story of Mass Ave’s Forty Five Degrees and the real estate acquisition—and yogurt shop—that helped him succeed. Plus, he serves up details from his plans for Harrison’s Restaurant and the Metro.
IU trustees give OK for 4,500-seat arena in downtown Indianapolis
Indianapolis-based USA Track & Field, a national governing body for the sport, will also move its headquarters to the new building.
Rural Zionsville residents aim to preserve way of life
Bradley Ridge is Henke Development Group’s third major residential development in Zionsville after the company reshaped Westfield with its Chatham Hills and Grand Park Village projects.