Simon family firm eyes Ritz-Carlton hotel for downtown development
The 170-room hotel would occupy the southwest corner of Georgia and Pennsylvania streets and feature a skywalk connector to the club level of Gainbridge Fieldhouse.
Mickey Shuey
Articles
Local tourism officials seeing ‘off-the-hook’ interest in Big Ten Football Championship game
Downtown hotels are expected to be almost entirely sold out for both Friday and Saturday nights, and ticket prices for the game are soaring on the resale market.
Kimpton developer eyes late 2026 opening for $110M downtown hotel
The 18-story Kimpton has been in the works since late 2017, with its price tag almost doubling from the original $57 million planned investment.
Downtown post office property once again stirs what-ifs
For 20 years, every mayoral administration has explored taking over or facilitating the sale of the post office directly east of Lucas Oil Stadium—with each attempt failing to gain traction.
Owner of downtown’s Landmark Center office tower facing foreclosure
The tower is the city’s 10th-largest downtown office complex, according to IBJ research. Its two largest tenants are IU Health and Volunteers of America.
UPDATE: Indianapolis Star to relocate downtown office
The newspaper’s offices have been located in Circle Centre Mall since late 2014, when it spent $10 million to overhaul the former Nordstrom store space.
Punch Bowl Social faces eviction amid unpaid-rent lawsuit by Circle Centre owner
Hendricks Commercial Properties is asking the court to permit it to move forward with evicting Punch Bowl from its space and to collect unpaid rent, late charges, attorney fees, interest and other legal expenses.
Tax consulting firm moving to Keystone at the Crossing amid park’s $35M overhaul
DuCharme, McMillen & Associates Inc. will occupy slightly more than one-half of its Keystone at the Crossing building when it moves there next year.
Zoo to remove pair of rides to make way for new exhibit space
The attractions generate little or no revenue and are expensive to maintain, the Indianapolis Zoo’s CEO said.
Former Indy Chamber chief to join Indy Eleven as president
In addition to his responsibilities with the team, the new hire will serve as senior vice president for Keystone Group and as strategic adviser to owner Ersal Ozdemir.
8-person brokerage team moves to Colliers from competitor
The team, led by 19-year industry veteran Matt Waggoner, has been involved in several major deals in recent years.
Seattle-based developer plans $4B data center project in Indianapolis
The data center campus proposed by Sabey Corp. would occupy a 130-acre site and include two buildings totaling more than 1 million square feet.
Telecom company plans data center near Township Line Road on Indy’s north side
The single-story data center, which would use a relatively modest 4 megawatts of power, would be located on a largely wooded property that already includes a 1,000-foot broadcast tower.
UPDATE: Buc-ee’s eyes Indianapolis area for first Indiana location
Multiple sources told IBJ the company has been exploring potential locations across the state for years, and it appears officials are nearing a deal. More than one location in central Indiana also is a possibility.
IMS, Gainbridge ink sponsorship extension for Indy 500
Gainbridge has been the presenting sponsor of the Indianapolis 500 since its 103rd running in 2019.
Commission signs off on city’s nearly $11M purchase of downtown heliport
The commission’s vote authorizes up to $11 million in cash from the city’s downtown tax-increment financing district to be used for the purchase.
North-side retirement campus plans $102M expansion with new residential units, larger community center
The project is slated to include 69 luxury apartment units, 25 villa-style residences and indoor sports courts for pickleball.
Local leaders plan pitch for downtown casino, circle potential sites
Sources tell IBJ that tax revenue from a new casino could help pay for potential upgrades to Lucas Oil Stadium as well as a soccer stadium on the east side of downtown.
Abrupt crane bay demolition at former GM stamping plant site caught many off guard
It took only a five-line clause in the state’s August land sale to Elanco Animal Health to bring down what was left of a nearly 100-year-old crane bay along the western bank of the White River.
Surack made $15M offer for heliport before airport authority’s vote to sell property to city
Fort Wayne billionaire Chuck Surack made an offer to buy the Indianapolis Downtown Heliport at a 38% premium on the price the city has agreed to pay for the site.