High Alpha first tenant to begin moving into Bottleworks District space
High Alpha began moving out of its Circle Tower headquarters, 55 Monument Circle, last week after more than five years in the historic downtown building.
Mickey Shuey
Articles
Pandemic shutdown helps local garden centers blossom
Stay-at-home orders led central Indiana homeowners to spend money on their outdoor living spaces, even after a slow start to spring.
FFA cancels national convention in Indy as downtown reels from tourism drought
The agriculture-education group cited lingering concerns over the coronavirus pandemic for scuttling the four-day event, which last year brought more than 68,000 people downtown.
UPDATE: Indy 500 to run with stands at 50% capacity, IMS officials say
About 175,000 tickets—most of them renewals—have been sold for the race, IMS confirmed to IBJ. Ticket requests are still being accepted, going into a queue for fulfillment after existing ticketholders have been accommodated.
Coworking chain taking over former restaurant space in Circle Centre
The lease will be COhatch’s second with Circle Centre landlord Simon Property Group. The firm previously announced plans to open a coworking space at Simon’s Hamilton Town Center in Noblesville.
Arts Council launches $10M restart fund for local arts not-for-profits
The Indy Arts & Culture Restart & Resilience Fund, underwritten by Lilly Endowment Inc., will provide eligible entities with one-time grants ranging from $5,000 to $500,000.
Developer of $40M residential project in Chatham Arch eyes 2021 finish
Well under way after years of revisions and delays, Chatham Park is expected to include up to 55 condominiums, seven single-family homes, four duplexes and 2,200 square feet of retail space.
Indiana 100: Kite’s CFO helped set up company to weather downturn
Heath Fear has guided the company to surer financial footing, largely by orchestrating the sell-off of two-dozen less properties to free up cash for future investments.
State could miss $330M in tax revenue from depleted hospitality industry
States and municipalities throughout the country are expected to miss out on about $16.8 billion in taxes this year because of the pandemic’s impact on the hospitality industry, a new study says.
Motorsports research body hires new director, relocating to Indianapolis
The International Council of Motorsport Sciences, established in Indianapolis in 1988, will relocate from Texas later this month after hiring veteran motorsports exec Tom Weisenbach as its new executive director.
Developer plans massive mixed-use project on western edge of Marion County
City planning staffers are opposed to the proposal for Tremont Town Center in its current form, but the 1.2 million-square-foot development with residential, retail and office space has support from key community figures.
Student housing firms see upside to uncertainty over colleges’ return
With students expected to return to most Indiana college campuses this fall, housing management firms are anticipating a boost to their bottom lines and a renewed interest in off-campus living.
Walmart picks area for distribution center that would dwarf most others
Plans call for the mammoth Hancock County facility to feature 146 docks and parking for 1,985 cars and up to 916 trailers.
Union 525 investors plan 160-unit downtown apartment project, parking garage
The investor group behind Union 525 is proposing another expansion to the tech incubator’s downtown Indianapolis corporate campus, this time with plans to construct a nine-story apartment building and a 700-space parking garage on an nearby lot.
Q&A: Elaine Bedel on raising money for women-led research
Development Corp., is helping raise money for a women-focused cancer research initiative. The campaign, which will run through June, is in its second year.
Pandemic, violence put Indy downtown at crossroads
The one-two punch of the pandemic and protest-related violence raises questions about whether downtown can recover. Experts and community leaders say yes—but only with concerted effort and strong leadership.
CIB sees revenue dip by 50%, as officials hope for late-summer surge
With no new business in April and downtown hotel occupancy stuck below 8% since late March, the agency overseeing the Indiana Convention Center and Lucas Oil Stadium has seen revenue crater.
UPDATES: Mayor announces times for Friday, Saturday curfews; IFD got 3,112 calls over weekend
Get the latest news on protests in the Indianapolis area against police violence in this ongoing series of updates available outside IBJ’s paywall.
With boards covering windows, downtown businesses embrace artwork
Several business owners in the city’s central business district and others along Massachusetts Avenue have enlisted staff members and local artists to paint murals and messages on the plywood covering the facades of riot-damaged buildings.
Shopping center planned for vacant 16th Street lot near downtown
The lot in the Herron-Morton Place Historic District was slated several years ago for a new gas station, drawing fierce opposition from nearby residents.