Local apartment development firm TWG changes leadership
Tony Knoble and Justin Collins have taken top positions at the development firm after the retirement of longtime execs Joe Whitsett and Dennis Dye.
Real Estate
Articles
Westfield set to pay Grand Park tenant $625,000 over lease dispute
The city of Westfield has quietly used its Grand Junction tax increment financing fund to begin settling a lease disagreement with NinjaZone, which comes after the inaugural Colts Camp at Grand Park last summer took over the events center because of inclement weather.
South Bend Chocolate Co. to open location in Carmel
South Bend Chocolate Co. is set to open one of its Chocolate Cafes in space that formerly housed a tattoo parlor and a convenience store.
A hard-to-digest reality: Steak n Shake might not make it
The outlook is that bad for Steak n Shake, which in the first quarter racked up an $18.9 million operating loss. That’s on top of a $10.7 million loss for all of 2018.
Apartments, commercial space planned for innovation district
Luxury apartments and mixed-use commercial space will soon be part of Purdue University’s Discovery Park District.
Cincinnati-based tire chain plans seven area stores
Tire Discounters Inc., which has grown into one of the country’s largest independent tire dealers over the past decade, is rolling into the Indianapolis area this year with multiple locations.
Indianapolis Monthly to vacate longtime offices, make way for STAR Bank on Circle
The bank will use the three-story building that fronts Monument Circle for lending offices and a branch location. The magazine’s staff plans to move into the adjacent headquarters for Emmis Communications.
Primanti Bros. quietly closes its Noblesville restaurant
The Pittsburgh-based chain, which is known for putting french fries on its sandwiches, entered the Indiana market in 2016 with the location near Hamilton Town Center.
Steak n Shake opens new-concept restaurant on city’s northwest side
The new model fits right in with Steak n Shake’s growing strategy to escape its roots as a sit-down diner and become more of a chain known for fast food.
Closures at Steak n Shake hit 60 this year, including five in Indy area
Steak n Shake has closed dozens of company-owned restaurants since the beginning of the year, but says those closures are temporary while it looks for franchisees to take over their operations.
Aging millennials projected to drive up U.S. housing prices
Becoming a homeowner is likely to get more costly and competitive over the next decade as millions more Americans enter the age range where people typically seek to buy their first home.
Memory Bank: Zionsville’s Main Street in about 1875
Zionsville was platted in 1852—and named for one of its founders, William Zion—about 30 years after white settlers made their way to southwestern Boone County, not far from an area where Miami Indians lived.
Flaherty & Collins opens Sullivan apartment project
The project created 40 apartments, which are spread across two restored historic structures and new construction on the downtown square.
Middle Eastern restaurant chain planning multiple Indy-area locations
Chicago-based Naf Naf Middle Eastern Grill was established in 2009 and has 37 locations in multiple states. Indianapolis-based franchisee 316 Investments plans to open 10 locations around Indiana.
Taft brings aboard real estate attorneys
Chelsea Ringlespaugh Spickelmier and Nicholas Mollmann are new associates in the law firm's Indianapolis office.
Tennessee real estate firm pays $47M for Methodist building
The seller was The Sanders Trust of Birmingham, Alabama. The trust—co-founded by Hall of Fame National Football League quarterback Bart Starr—acquired the building in 2009.
Carmel receives eight development proposals for PNC Bank site
Henry Mestetsky, director of the Carmel Redevelopment Commission, told IBJ on Tuesday that the overwhelming response to the RFP was rare.
Once-dilapidated far-east-side shopping center to become home for retail startups
Following a multimillion-dollar renovation, a far-east-side building that was on track for demolition is set to emerge as a retail-startup hub that supporters say could revitalize a neglected part of town.
Holladay Properties is more than just AmeriPlex
Beyond the 1,500-acre industrial park near Indianapolis International Airport, the developer has launched a broad range of residential and commercial projects in Marion and Hamilton counties, from the redevelopment of the Milano Inn site downtown to the Grand Park Events Center in Westfield.
Zionsville neighbors battle village proposal—again
But the mixed-use project called Sycamore Flats, filed by Carmel-based J.C. Hart Development, appears to have more momentum than past proposals opponents or local officials rejected.