Purdue unveils first plans for $187M Academic Success Building in Indianapolis
Purdue University’s new multi-use building planned for the northwest corner of Michigan and West streets in Indianapolis is expected to rise 15 stories and open in 2027.
Mickey Shuey
Articles
King Jugg Brewing set to redevelop former Noblesville dry cleaning property
The local brewing company plans to spend at least $4 million to renovate the existing structure, committing to an adaptive reuse of the property as part of an agreement with the city.
Purdue buys canal-front property downtown as part of Indy expansion
Purdue’s purchase of the site—once earmarked for a large hotel and office development—is one of several moves the university has made downtown stemming from the dissolution of IUPUI last summer.
WNBA unveils logo, host committee for 2025 All-Star game
The 2025 All-Star events, which were moved to Indianapolis in August, include community programs, entertainment and on-court activities such a skills competition and three-point contest.
Photo gallery: Pro volleyball team Ignite scores victory, praise at inaugural match
The Indy Ignite professional volleyball team made its debut Saturday night, earning a 3-1 victory against the Orlando Valkyries before a big crowd at the Fishers Event Center.
Most of remaining catacombs will be exposed as part of City Market plaza overhaul
The $15 million project, a collaboration between the city and Indianapolis developers Gershman Partners and Citimark, is tentatively expected to daylight about 13,500 square feet of the catacombs on the southern portion of the plaza.
City, developers unveil plans for City Market’s western plaza
Gershman Partners and Citimark plan to collaborate on the overhaul with the City of Indianapolis, which will spend about $15 million to improve the Indianapolis City Market’s western plaza with green space, outdoor seating and an indoor-outdoor cultural exhibit centered on the underlying Indianapolis Catacombs.
Simon-backed group buys key parcel at potential MLS stadium site
The parcel, a parking lot of just six-tenths of an acre, was sold for $1.59 million by electric company AES Indiana.
State’s big, bold LEAP District play draws some reflection
The state has spent more than $690 million so far establishing the LEAP Research and Innovation District. Outgoing economic leaders say the project is a huge success, but some political leaders are cautious.
IBJ’s biggest real estate development stories of 2024
IBJ has reported extensively on numerous projects throughout this year in the core of Indianapolis and across the area—some that made significant progress and others that ground to a halt.
2024 Year in Review: City sees key development projects start or advance
More than $8.5 billion in development is underway across downtown, with more coming as projects in their earliest stages wind their way through the planning process.
2024 Year in Review: State doubles down on LEAP District investment
The Indiana Economic Development Corp. inched closer to its vision for its LEAP Research and Innovation District in Lebanon this year with more than $100 million in additional state funding, steps to secure water for the site and additional private investment.
2024 Year in Review: Big tourism year draws hundreds of thousands to area
In addition to its slate of annual conventions like National FFA, FDIC International, Gen Con and the Performance Racing Industry—which each bring in 30,000 or more people—the city played host to numerous one-time events, including the 2024 NBA All-Star weekend, the three-night Taylor Swift The Eras Tour stop, and the U.S. Olympic Swimming Trials.
Long-awaited InterContinental Hotel yet to set opening date
Indianapolis-based Keystone Group has been working on the 170-room hotel, a $101 million adaptive reuse of the historic Illinois Building at 17 W. Market St., since 2018.
Damien Center planning 40-unit apartment project next to future headquarters
The nonprofit, Indiana’s largest and oldest AIDS service organization, hasn’t finalized a budget for the project, but early estimates place the cost between $12 million to $15 million.
Grand Universe CEO sued by chief operating officer over alleged non-payment of salary
Kurt Williams claims Grand Universe Space Science Institute Inc. has failed to pay him more than $2 million since he began working for the company in 2015.
Insurance-tech firm Remodel Health raises $100M in growth funding
The firm, which helps employers transition workers to individual health insurance plans, has more than doubled its workforce in the last year and hopes to go on an acquisition spree.
William McGowan, key figure in Indy’s convention and sports tourism strategy, dies at 89
McGowan led the Indianapolis Convention and Visitors Association from 1984 to 2002 and was instrumental in the city’s efforts to land the 1987 Pan American Games, the 1980 and 1991 Final Fours and the Indianapolis Colts.
Indianapolis couple sues IU professor, students for $2B alleging they stole project plans
Tim and Doris Anne Sadler say the students disclosed the couple’s plans for a 1,550-acre development in Puerto Rico to a company that used the information to take over the project.
City makes request to acquire downtown heliport as part of proposed stadium district
The Indianapolis Airport Authority is expected to consider the deal Friday during its monthly board meeting, although no sale would be finalized until the heliport is fully decommissioned.