Owner Ersal Ozdemir still has many hurdles to leap to make his soccer stadium a reality, even though he scored a huge Statehouse victory in April by winning approval of a funding mechanism.
“Our area’s price points are not out of control” like other parts of the country, said Rachel Burt, a broker with F.C. Tucker.
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.
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.
Ann Colussi Dee, who's been with the company 23 years, oversees 12 attorneys and paralegals based in Indianapolis, Chicago and Atlanta.
The 43-year-old Indianapolis native will have to carry out a slate of calculated moves designed to give the quasi-government agency a more sound financial future, including a 25-year vision.
The partnership between the Colts and Kerauno LLC, a communications software-as-a-service company, will allow the team to utilize the firm’s products as part of a larger marketing strategy.
Circle Centre saw its profit and store count rise in 2018, mall manager Simon Property Group said. But the financial performance of the downtown shopping center significantly trailed other properties in Simon’s portfolio.
TWG Development could save $1.4 million on the 188-unit Wesmont, named after jazz guitar legend Wes Montgomery. It’s part of the company’s larger redevelopment project south of East 16th Street and east of the Monon Trail.
The tech incubator owners plan to construct a six-story building directly south of the existing Union 525 building.
Onyx + East will build 23 townhouses on a 0.95-acre lot, with plans to list the homes in the upper $200,000 to lower $300,000 range.
While the city and Kite Realty Group discuss a slower development timetable for the massive hospitality project, White Lodging said it is holding off on plans for another downtown hotel “until we figure out what’s going on at Pan Am Plaza.”
Pacers Sports & Entertainment is going down to the wire in lining up a new sponsor for the fieldhouse. But the wait might give it extra leverage to strike an especially lucrative deal.
A local food distribution company that plans to move its operations to Whitestown next year will have to pay off $98,406 in tax breaks, the Metropolitan Development Commission ruled this week.
The two local developers said they hope to start work on a 267-unit apartment project in Glendale Town Center’s parking lot by the end of this year.
The food hall is part of the much-larger, $300 million Bottleworks development at 850 Massachusetts Ave. that will include retail, residential, office and restaurants, as well as a hotel.
Three data science experts spoke with IBJ about the benefits—and difficulties—associated with the practical use of artificial intelligence.
Indianapolis Motor Speedway officials learned Wednesday morning the Red Bull Air Race it was slated to host Oct. 19-20 was canceled as part of a decision to disband the series altogether.
A portion of the building’s facade will be replaced with clear glass as part of its $80 million conversion into apartments and retail space.