Real estate deals

Two-hotel tower proposed across from fieldhouseRestricted Content

August 2, 2014
Scott Olson
A Minneapolis developer wants to build two high-end hotels in the same 15-story building on a surface parking lot downtown across from Bankers Life Fieldhouse.
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Developer pitches 5-story office building for Broad RippleRestricted Content

July 26, 2014
Scott Olson
A local developer plans to build a five-story office building on the site of a closed American Legion post in Broad Ripple.
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UPDATE: Lowe's to invest $20.5M in customer-service center

July 22, 2014
Mason King
The home-improvement retail titan plans to begin hiring immediately for the center on the northeast side, pledging to employ as many as 1,000 workers making wages of $10 to $14 per hour.
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Interactive Intelligence set to break ground on $12.5M building

July 22, 2014
Scott Olson
The 119,000-square-foot structure will be built next to the software developer's headquarters on the northwest side as part of its growth plans to add 430 employees within the next few years.
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Kite CEO 'not afraid to continue to grow'Restricted Content

July 19, 2014
Scott Olson
In an interview with IBJ, Kite Realty Group Trust CEO John Kite discusses the $1.2 billion acquisition of Illinois-based Inland Diversified Real Estate Trust, potential redevelopment of Pan Am Plaza and its hopes to keep a branch of the Indianapolis-Marion County Public Library at Glendale Town Center.
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State to scope downtown block for new offices, parking

July 18, 2014
Kathleen McLaughlin
The Office of Management and Budget will study a state-owned parcel just north of the Statehouse, potentially to house the judiciary and provide more legislative office space.
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Cummins to pick from New York firms to design downtown offices

July 16, 2014
 IBJ Staff
Cummins Inc. plans to pick a proposal from one of three New York-based architecture firms vying to design its global distribution headquarters downtown.
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Seventy-lot subdivision slated for Fort Harrison property

July 15, 2014
Scott Olson
The proposed Residences of Lawrence at Fort Ben subdivision would be the first single-family project on the former army base since it closed in 1995.
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First Financial nabbing new hub, closing 3 branches

July 7, 2014
Mason King
Cincinnati-based First Financial Bank is shuffling its operations in the Indianapolis area, including moving its regional hub to a new downtown location and opening a high-profile branch in the same building.
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Ambrose snags vacancy-plagued Meridian Street property

July 5, 2014
Scott Olson
Ambrose Property Group Inc. is doubling down on the struggling downtown office market by purchasing its second property within six months.
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East-side associations fight gas-station plan

June 28, 2014
Scott Olson
A property owner’s plans to convert the northwest corner of East 10th Street and Emerson Avenue into a convenience store and gas station are causing consternation among neighborhood leaders who hope to stop the project.
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Regional Operations Center back in business at Eastgate

June 27, 2014
Kathleen McLaughlin
Indianapolis Public Safety Director Troy Riggs is scheduled to lead a media tour of the reopened Regional Operations Center on Friday afternoon.
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Developer requesting $1M over Broad Ripple project delays

June 25, 2014
Scott Olson
Browning Investments Inc. is seeking the damages from opponents of its proposed $30 million apartment-and-retail projects for costs related to construction delays due to a pending appeal.
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Washington Prime buys Clay Terrace stake from Lauth

June 17, 2014
 IBJ Staff
Simon Property Group spinoff Washington Prime Group on Monday announced deals worth about $326 million involving at least seven shopping centers, including Clay Terrace in Carmel.
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Cornerstone sinks $4M into Carmel medical office building

May 27, 2014
Scott Olson
The Indianapolis-based developer bought the building on Old Meridian Street early this year from The Spine Institute—its only tenant at the time—and now has the facility fully leased.
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Precedent Office Park owner cashes out at steep loss

May 3, 2014
Scott Olson
The owners of the 19-building Precedent Office Park are poised to unload the massive property, but at a price much cheaper than what they gave nine years ago during the height of the real estate boom.
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Broad Ripple landmark has new owner

April 22, 2014
Scott Olson
Monon Housing Partners LLC bought what's known as Mustard Hall near the southeast corner of Broad Ripple and Guilford avenues and is seeking tenants for the building.
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Chatham Tap crew buying ex-church for brewery, restaurant

April 19, 2014
Scott Olson
The owners of two popular pubs on Massachusetts Avenue are delving into the trendy micro-brewery business with plans for a brewery and restaurant in a historic former church a few blocks away.
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City christens Market East cultural district downtown

April 16, 2014
 IBJ Staff
The area—roughly 14 square blocks—anticipates a passel of new development on and around the former site of Market Square Arena.
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Kite sells three retail properties for $35.2 million

April 9, 2014
Indianapolis-based Kite Realty Group Trust, which is in the midst of a major merger, had decided that the three properties scattered across the country were "non-core assets."
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Anderson businessman pays $7.9M for prime farmland

April 9, 2014
Associated Press
More than 800 acres of prime farmland in Delaware and Madison counties sold during open bidding on Tuesday for $7.9 million.
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Angie's List to take big chunk of Landmark Center

March 27, 2014
Chris O'Malley
The move into nearly 100,000 square feet of office space is intended to consolidate Angie's off-campus workers downtown. It's a boon to struggling Landmark Center, which has been hemorrhaging tenants.
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'Architecturally significant' Cummins HQ likely won't scrape downtown skyline

March 26, 2014
Scott Olson
The engine maker's planned global distribution headquarters downtown will seem modest compared to a 28-story apartment complex slated for across Market Street, but the firm has a strong history of promoting breath-taking architecture.
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City to consider $7.7M bond issue to assist Broad Ripple project

March 18, 2014
Scott Olson
Browning Investments Inc. says that it is seeking $5.7 million from the bond issue to help finance Canal Pointe, its controversial $30 million apartments-and-retail project.
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Home-remodeling firm giving new life to vacant Carmel center

March 18, 2014
Scott Olson
The vacant, 14,500-square-foot property in the heart of the city has been purchased by a local home-remodeling company, which plans to occupy half the building and lease the rest.
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  1. I think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

  2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

  3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

  4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

  5. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

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