Developers team up on $12.5M apartment project on near-north side
A north-side community group and a locally based development company are partnering on the two-building project slated for the southeast corner of Illinois and 22nd streets.
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Downtown steakhouse closes; owners plan conversion to event venue
For the second time in less than three years, restaurateur Gary Brackett is forming a new business strategy for the downtown space he leases at 14 E. Washington St.
Scotty’s Brewhouse closes another Indiana location
The Indianapolis-based restaurant and bar chain is down to eight Scotty’s locations, plus a Thr3e Wise Men Co. taproom and eatery in Muncie. The chain had more than twice as many locations at the end of last year.
Real estate company sues law firm over HHGregg property deal gone awry
A Carmel-based plaintiff has filed a lawsuit against Krieg DeVault, alleging the Indianapolis-based law firm’s failure to file a property deed in 2003 in a transaction involving defunct retailer HHGregg could now cost the real estate company millions of dollars.
Q&A: Conrad chef Sven Hildebrandt brings international flair
The 47-year-old told IBJ he hopes to make the most of what he learned in Germany—where he grew up and got his start in hospitality—as well as in Dublin, Phoenix and Virginia, with hopes of adding some authentic German flair to the hotel’s specialty menus.
Could land trusts keep housing affordable, avoid gentrification?
In a quest to create permanently affordable housing, about 25 Indianapolis community groups and development corporations have formed the Community Land Trust Coalition.
Memory Bank: Motorcycles on the Circle on 1914
It features three men with Yale motorcycles standing in front of the English Hotel & Opera House, which stood on the northwest quadrant of Monument Circle.
East-side not-for-profit plans $9 million, 51-apartment mixed-use project
To be known as St. Lucas Lofts, the project proposed by Englewood Community Development Corp. would include at least 10 units designated for individuals who are recovering from homelessness.
Casual-dining chain O’Charley’s shuts down two Indianapolis locations
The regional restaurant chain has closed three restaurants in Indianapolis this year, leaving it with just one location in the city and six others in surrounding areas.
Developer of $66M apartment project downtown requesting $9.8M in TIF bonds
Under a proposed deal, the Boston-based developer of the 11-story project would receive a portion of the increase in property tax revenue generated by the project in order to pay off the bonds.
Retailers eager to lodge antitrust complaints against Amazon, Google
A leading U.S. retail group, whose members include Walmart, Target and Best Buy, is eager to aid antitrust enforcers that are poised to investigate whether Amazon and Alphabet's Google are harming competition.
Forever 21 officials asked landlords about possible acquisition, sources say
A small faction of officials at the struggling 800-store retailer talked to mall owners Simon Property Group Inc. and Brookfield Property Partners LP about a range of options, including a sale, according to people with knowledge of the matter.
Developer plans $17.5M apartment project on southern edge of downtown
Indianapolis-based BWI LLC is requesting a city property tax break for the 97-unit development that would save it $1 million over 10 years.
Ball State’s downtown branch on the move; bank branch stepping in
Ball State University has vacated its Indianapolis Center at the corner of South Meridian and East Maryland streets, where it has been for 13 years. A bank that’s been embroiled in a legal battle with its landlord is making plans to move its downtown branch to the space.
What’s next for Simon Property Group’s sagging stock price?
The company’s shares—like those of many in retail real estate—are out of favor, as investors wring their hands over retail bankruptcies and the long-term impact of e-commerce.
Residential Real Estate: Marketplace Stats for June 28, 2019
The number of active listings in central Indiana—at 5,077 at the end of February—remains low, although it’s 15 percent higher than at the same time a year ago.
Massive Keystone Crossing office park sold to out-of-state partnership
The 1 million-square-foot, six-building office campus adjacent to the Fashion Mall at Keystone sold this week in a deal estimated by local real estate experts to exceed $105 million and possibly much more.
Industrial park planned for 167-acre Whiteland site by I-65
A Kansas City, Missouri-based developer intends to provide a wide variety of spaces for logistics, advanced manufacturing and e-commerce users, with five buildings ranging from 168,480 square feet to 1.2 million square feet.
IBJ Podcast: Scott Wise talks Scotty’s, starting over and his new restaurant Roots
Wise tells IBJ Podcast host Mason King that he’s both emotional and excited about his new start, which he says has been like hitting control-alt-delete on his career.
Supreme Court overturns precedent, backs property-rights suits
Voting 5-4 along ideological lines, the court said Friday that property owners could go straight to a federal judge without first seeking compensation through state proceedings.