Merged not-for-profit group to push redevelopment out to townships
Renew Indianapolis will merge with the King Park Development Corp. on Jan. 1.
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Articles
Interchange, trail spark development on 106th Street in Fishers
The lion’s share of Fishers’ recent high-intensity development has taken place at East 116th Street and Interstate 69, but a wave of projects is coming together just to the south.
Memory Bank: Trucks, wagons line up for goods
The Indianapolis Traction Terminal opened in 1904, taking up much of the downtown block bordered by Ohio Street, Illinois Street, Market Street and Capitol Avenue.
Indianapolis company to redevelop former Marsh property in Fishers
Strongbox, a commercial development and construction management company, plans to spend $7 million to tear down a quarter of the existing store and then add a second retail building to the site.
Cunningham picks Hamilton Town Center for third Livery location
Noblesville’s Livery will open in the Hamilton Town Center between Books & Brews and the shopping center’s new green space, across from the recently opened Ford’s Garage.
Fountain Square dance club, music venue closes
The establishment’s owner is already looking for a new occupant for the space, located in the heart of Fountain Square.
Hotel in downtown Fishers project to fly upscale Tapestry flag
The $157 million mixed-use project slated for the Nickel Plate District in Fishers is expected to include a five-story, 116-unit hotel under Hilton’s high-end Tapestry Collection brand.
East-side apartment complexes sold for nearly $26M
The complexes are expected to receive upgrades from their new owners—one of which has collected three other apartment properties on the east side in the last four years.
Apartment-building blitz reshapes Broad Ripple
Broad Ripple is wrapping up a prolific six-year stretch during which developers have spent more than $125 million to bring nearly 800 new apartments to the neighborhood.
Memory Bank: Columbia Club rises on Monument Circle
The Columbia Club formed in 1889 and had two homes on Monument Circle before the group spent $827,000 to construct the 10-story clubhouse it still uses today.
BHI Senior Living on growth tear, even as some of its rivals sputter
The retirement community operator had revenue of $51.4 million last year, up 4% from 2017, according to its Form 990 tax return.
Pharmaceutical developer to purchase Zionsville Road property, create 55 jobs
Nukemed Inc., doing business as SpectronRX, plans to acquire a vacant 68,000 square-foot building at 9550 Zionsville Road, where it will produce lifesaving medicine for children through a partnership with New York-based Y-mAbs Therapeutics.
Startup chocolate-maker plans to invest $2.4 million, add up to 71 jobs
Six-year-old SoChatti makes artisanal, vegan chocolate that is consumed in melted form.
colate consumption is in melted form. The company says it uses innovative warming methods that capture and preserve the flavors of chocolate.
Sears limps into holiday shopping season that could be its last
Many of the stores that remain in the ever-shrinking Sears chain have the same old problems. They’re grungy and understaffed, poorly stocked and losing vendors.
Insurance company acquires former Lids HQ in Zionsville for $18.25M
Group One Thousand One LLC, an Indianapolis-based insurance holding company, announced plans Tuesday to expand local operations into the Zionsville building beginning next year.
Estridge plans 17 townhomes in historic Old Northside neighborhood
According to filings with the city, the project would consist of 17 two-story town houses over two blocks along East 16th Street.
IBJ Podcast: Pat Sullivan makes business case for store’s North Pole train
Sullivan talks with podcast host Mason King about why the Sullivan Express is so fun for him and his Sullivan Hardware staff but also why it makes business sense to keep expanding the attraction.
Merry Clickmas: Black Friday online sales hit record $7.4B
In-store sales slipped, but sales by people who bought things online and then headed to the store to pick them up surged 43.2% on Black Friday, according to Adobe Analytics.
Training the next generation of builders
Labor- and construction-focused organizations are hyper-focused on meeting the future workforce as early as possible.
Stakeholders consider Lafayette Square redevelopment possibilities
The mall’s proposed sale is considered by industry experts to be welcome news for a lower-income neighborhood trying to make a comeback.