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With long slate of local projects, construction firm Skender moves offices to fit growing workforce

October 15, 2024 | Daniel Bradley

Skender’s focus on health care, office and municipal projects has reaped millions of square feet of work for the firm in central Indiana since opening its first local office in 2020.

Glut of development creates challenges in finding subcontractors

October 11, 2024 | Mickey Shuey

While contractors have so far been able to keep up, the strain could get worse next year and beyond.

Soccer stadium funding plan relies on development pipeline

August 16, 2024 | Mickey Shuey

More than half of the expected developments within the district the city has designated as a professional sports development area, or PSDA, have yet to break ground.

Lilly Endowment approves more than $300M in grants to 13 Indiana colleges

August 2, 2024 | John Russell

The five-year implementation grants range from $12.1 million to $32 million each, with DePauw University in Greencastle landing the largest grant.

IU Health’s massive hospital project is on schedule, should ‘top out’ next spring

July 19, 2024 | John Russell

Work on Indiana University Health’s $4.3 billion downtown hospital campus, one of the most expensive construction projects in Indiana history, is set to be finished in late 2027.

Hamilton County hospital surge comes amid closings elsewhere

June 21, 2024 | John Russell

Community Health Network’s announcement this month that it plans to open a $335 million campus near U.S. 31 and 196th Street in Westfield marks the latest entry into the crowded Hamilton County hospital market.

Marion County health care agencies plan east-side investments

May 24, 2024 | Taylor Wooten

This summer, the Health and Hospital Corporation of Marion County will break ground on a multiyear, $170 million facilities improvement plan—the largest investment in the agency’s structures in decades—beginning with a new public health lab.

Development emerges slowly at Indy’s justice campus

April 24, 2024 | Daniel Carson, The Indiana Lawyer

City and neighborhood leaders have expressed hopes that the opening of the campus would spur redevelopment in Twin Aire, but change hasn’t been fast to take root.

Ascension health care system retracts nationwide—but not in Indy

April 19, 2024 | John Russell

In the past five years, the nation’s largest Catholic health system has unloaded more than a dozen hospitals across the country, from New York to Alabama, as it restructures amid a growing tide of red ink.

InterContinental Hotel set to open this fall, bringing downtown another luxury lodging option

April 12, 2024 | Mickey Shuey

The $101 million project at 17 W. Market St. will include 170 rooms and a rooftop bar with views of the Soldiers and Sailors Monument. The opening will come some five years after Keystone first proposed the hotel.

Hendricks’ growing reputation led to Circle Centre opportunity

March 29, 2024 | Mickey Shuey

Hendricks Commercial Properties has spent more than $550 million to acquire and redevelop properties across Indianapolis and Carmel since 2013. But the Wisconsin-based firm says it’s just getting started with work it hopes to do here.

IU Health CEO says system’s new hospital will be worth its $4.3B price tag

March 20, 2024 | John Russell

In a 35-minute speech at the Economic Club of Indiana, CEO Dennis Murphy made the case that IU Health treats some of the sickest patients in the state and needs the best hospital possible to continue doing that.

Ascension campaign for new Women and Children’s Tower reaches nearly $26M

March 8, 2024 | Alex Brown, Inside INdiana Business

Former Indianapolis Colts Quarterback Peyton Manning on Thursday announced the Care for Tomorrow campaign has received nearly $24 million in donor funding since its launch a year ago.

Indiana not-for-profits pulled in $348.7 million in big gifts in 2023

January 19, 2024 | John Russell

Universities, hospitals, museums, theaters, dance companies and other not-for-profits in Indiana pulled in a total of $348.7 million from 79 gifts of $1 million or more from individuals, family foundations and bequests, according to IBJ’s latest survey.

2023 Year in Review

December 29, 2023 | IBJ Staff

Here’s a month-by-month review of some of the biggest stories in 2023.

Top Indianapolis development projects to watch in 2024

December 26, 2023 | Mickey Shuey

While most projects, such as Indiana University Health’s new hospital, Old City Hall and Pan Am Plaza, are efforts that will take years to come to fruition, other developments will begin to see substantive movement in the new year.

Hogsett says mall redevelopment among downtown’s most significant wins

December 21, 2023 | Mickey Shuey

The mall redevelopment is not the largest downtown project in terms of cost. But it will elevate a vast and critical piece of real estate as more than $9 billion in other downtown projects are slated to come to completion over the next decade.

All-in cost of Pan Am Plaza hotel, convention center expansion might surpass $1.6B

November 16, 2023 | Mickey Shuey

The city on Wednesday and Thursday sold $581 million in bonds for the development through the Indianapolis Local Public Improvement Bond Bank, consisting of $436.8 million in tax-exempt revenue bonds for the hotel portion of the project, and another $155 million for the convention center expansion.

Indianapolis officials prepare for $751.6M in bond sales for Signia hotel, convention center projects

November 14, 2023 | Mickey Shuey

The all-in cost for the redevelopment of Pan Am Plaza is now expected to be $751.6 million. The bond sales to cover much of that cost—creating significant long-term debt for the city—are expected to take place this week.

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