IEDC seeks sale of 51 acres at former GM stamping plant site
The Indiana Economic Development Corp, in a request for proposals, said it hopes to sell the property along the White River by the end of September, most likely to a master developer.
Mickey Shuey
Articles
City commission advances proposed tax district map for MLS stadium
The approval, the first step in the legislative process, came with nearly 100 Indy Eleven supporters packing a portion of the City-County Building Public Assembly Room to show their support for the team.
Owner of historic building in possible MLS stadium development area says she won’t sell
A proposal to develop a Major League Soccer stadium on the east side of downtown Indianapolis is facing some early resistance from the owner of a historic property in the heart of the proposed development area.
GOP gubernatorial candidates discuss IEDC, LEAP and how to create jobs
Indiana’s strategy for economic development and job creation has emerged as a key issue in the Republican gubernatorial primary—and the future of the state’s still-developing LEAP district in Boone County could be at stake in the outcome.
City reveals new taxing district map for proposed MLS stadium
The map specifies more than 120 non-contiguous addresses throughout downtown that would be incorporated into a new professional sports development area, or PSDA.
Hogsett says city to pursue Major League Soccer franchise
The city is forgoing its relationship with the Indy Eleven to work with an undisclosed ownership group to develop a stadium at one of two potential sites.
Keystone says city is backing out of Eleven Park deal as mayor plans ‘significant’ announcement
City officials did not immediately respond to a request for comment about Keystone’s statement. But the Mayor’s Office announced that at 5:30 p.m., Hogsett would make a “significant announcement about the future of sports in Indianapolis.”
Hendricks closes on $85M purchase of Circle Centre Mall
Hendricks Commercial Properties—the developer of the Bottleworks District—plans to spend at least $600 million to convert the nearly 30-year-old mall into an open air, pedestrian-focused retail, office and residential district.
Sugar Factory faces eviction at Circle Centre after allegedly failing to pay $300,000-plus in rent
New York City-based Sugar Factory opened in April 2022, replacing the Palomino restaurant that had occupied the space for 23 years. An eviction hearing is set for May 1.
Downtown office properties are facing tough financial years—but mall project offers hope
It’s a challenge hitting urban centers across the United States. Downtown office buildings are seeing their values plummet and vacancy rates climb due to space consolidation and a continued hesitancy toward renewals and new leases following the pandemic.
Caitlin Clark joins the Indiana Fever. Here are 10 things she said in her first news conference.
Clark addressed numerous topics, ranging from the bustling draft party held at Gainbridge Fieldhouse, to the future of the league, to how she feels about the prospect of living in Indianapolis.
Six-story apartment building planned on site across from Lucas Oil Stadium
Indianapolis-based TWG says it has all four of the parcels comprising the site under contract, pending city approval to rezone them from the current I-2 industrial classification to a more apartment-friendly designation.
Fans line up for Caitlin Clark merchandise after Fever’s WNBA Draft party in downtown Indy
The team’s draft-watch party at Gainbridge Fieldhouse on Monday drew an estimated 6,000 fans, including many who stood in long lines to buy from the first stock of Clark-related Indiana Fever memorabilia.
How the SK Hynix project came together—and another fell apart
The South Korean company’s announcement made waves across Indiana, but so did a decision by Minnesota-based SkyWater Technology to cancel its project at Purdue after not receiving hoped-for federal funding.
InterContinental Hotel set to open this fall, bringing downtown another luxury lodging option
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.
Central Indiana nabs $45 million in READI 2.0 funds
Dozens of projects will be considered for funding, including housing and placemaking projects in Bargersville, McCordsville and Martinsville; an amphitheater in Anderson; the Innovation Mile in Noblesville; and the redevelopment of Circle Centre Mall in downtown Indianapolis.
Ozdemir says calculated risks, long-term thinking have shaped career
For more than 20 years, real estate developer Ersal Ozdemir has sought to change skylines with unique and high-end projects across central Indiana. These days, the IBJ Forty Under 40 alum is in the thick of numerous developments stretching from multiple spots in Hamilton County to Fort Benjamin Harrison to downtown. He’s in talks with […]
Holcomb to lead six-day trade trip to Brazil, Mexico
Indiana’s delegation will focus on building relationships in agriculture and biosciences.
Industrial developer keeps its focus on Plainfield with 498,000-square-foot Terminus project
Terminus is one of several elements of the $300 million Hobbs Station project, which will include housing, retail and office uses. The CEO of Terminus developer HSA Commercial Real Estate hopes the mix will attract tenants in sophisticated industries such as biotech.
NASA hopes to gather data on sun during eclipse totality at IMS
With more than 50,000 attendees, IMS is expected to be an epicenter for “citizen science” during the eclipse’s totality.