Cash-strapped Indy Parks seeks creative financing for community center
A deal to build a new family center at Broad Ripple Park could be just the first of several privately funded projects considered by the park system.
A deal to build a new family center at Broad Ripple Park could be just the first of several privately funded projects considered by the park system.
Two earlier plans for the building failed, but by spring it could house a business for the first time in five years.
Arrow Street Development hopes to build two five-story buildings—each with ground-floor parking garages—as a single complex called Wesley Place on North Illinois Street.
Aasif Bade has brought in a new team and made a series of promotions as he’s looked to pivot the Ambrose’s focus from a mishmash of developments to more projects in the e-commerce and industrial sectors—in hopes of capitalizing on continued growth and market demand.
Onyx+East has partnered with Extra Space Storage to redevelop the block at the southeast corner of North and Fulton streets with new residences and a six-story storage facility. The project will require the demolition a nearly century-old building.
Rob Shumaker, now president of the zoo, will take over as CEO for the retiring Michael Crowther in early January.
The Astoria Park Apartments complex, 3640 Beluga Lane, was bought by Besyata Investment Group, according to the Indianapolis multifamily division of Chicago-based Cushman & Wakefield, which brokered the sale.
The American Society of Association Executives expects draw more than 6,000 people to Indianapolis for its four-day conference in August 2026, putting Indianapolis under the microscope of key decision-makers for their respective associations.
The tax abatement is for equipment the artisanal, vegan chocolate maker and distributor plans to use at at its new, 12,870-square-foot facility in the Circle City Industrial Complex, 1125 Brookside Ave.
The facility would have 220 bus parking spaces with protective canopies, a visitor and staff parking lot with 88 spaces, a 231-vehicle parking lot for bus drivers, a fuel island, a six- to 10-bay maintenance facility, a training center and staff offices.
The city’s Department of Metropolitan Development and the Children’s Museum of Indianapolis, which has owned the Drake since 2014, issued a request for information inviting proposals from groups with an interest in redeveloping the property at 3060 N. Meridian St.
Fred Glass, who has led the IU athletic department since 2009, said “it’s time” for him to step down and spend more time with his family. His successor will be chosen by IU President Michael McRobbie.
Mark Miles, who has led Hulman & Co. since 2012, said: “We have the opportunity now to try to take it to a whole other level. I’ve had no thought of doing anything else.”
The games had been scheduled for Cincinnati, but the NCAA said the city needs time to complete renovations of its arena.
The 189,000-square-foot first building is one of four planned by Indianapolis-based Ambrose Property Group at its new Plainfield Logistics Center.
Plymouth Industrial Real Estate Investment Trust said Tuesday that it acquired the nine-building Shadeland Commerce Center and a 353,000-square-foot building at 7901 W. 21st St.
The Indianapolis Motor Speedway announced Tuesday that it has struck a multi-year naming rights deal for the Grand Prix of Indianapolis.
The complexes are expected to receive upgrades from their new owners—one of which has collected three other apartment properties on the east side in the last four years.
The contest was only the second deemed to be a sellout by the Big Ten in the title game’s history. The other came in 2015 when Michigan State played Iowa in a battle that featured two teams ranked in the top five.
Broad Ripple is wrapping up a prolific six-year stretch during which developers have spent more than $125 million to bring nearly 800 new apartments to the neighborhood.