Kite Realty Group bets big on hotel, even as other projects wither
A third of planned downtown hotel rooms announced before the pandemic are now on hold.
Mickey Shuey
Articles
Proposed 40-story Signia at Pan Am Plaza to shake up hotel landscape
The $300 million hotel will be the most expensive and elaborate new lodging project built in the city since the $450 million JW Marriott complex was completed in 2011. And it will compete directly with the JW.
Indianapolis Indians to weigh name change after 118 years with same moniker
The club said Tuesday that it “will be forming a committee to explore” its name and determine whether a change is necessary, amid pushback from Native Americans who view it as inappropriate.
Owner of vacant Anthem building on Circle now open to multiple tenants
The owner of the 213,600-square-foot office building had hoped to sign a single user for the high-profile property, but its strategy has become more flexible in the year and a half it has remained empty.
City, Kite reach deal for $550M Pan Am Plaza project—with up to 2-year delay
The city will not subsidize construction of Kite’s two hotels on the site but will ask the City-County Council to authorize a $150 million bond to finance an addition to the Indiana Convention Center.
Downtown restaurants, conventions could be stuck in downward spiral
The loss in convention business due to COVID-19 is starving downtown restaurants of customers. And without great restaurants, Indy isn’t as attractive as a convention destination.
City plans to continue statewide tourism campaign despite rollback in reopening
Visit Indy said about $75,000 of the $1 million budgeted for the “You’ve Earned It” advertising campaign has so far been spent, generating about $400,000 in visitor spending.
Indy 500 blackout lifted; 500 Festival Parade, other events called off
The decision to allow local fans to watch the race live comes one day after Indianapolis Motor Speedway officials announced plans to reduce attendance capacity for this year’s race to 25%.
Developer streamlines plans for mixed-use project on Speedway’s main drag
The $6 million project is expected to feature retail space on the first floor—already fully pre-leased—along with apartments on the second floor and condominiums on the third.
Retail developer who took his own life was dogged by debts
Craig Johnson left behind what court records show is millions of dollars in debt that might not be covered by his estate.
Hogsett: Delays likely for Pan Am Plaza hotel, convention center project
Indianapolis Mayor Joe Hogsett said the city is continuing to work with Indianapolis-based Kite Realty Group Trust—which is developing the project—to finalize a reworked timeline.
Apartment, retail project planned on Indiana Avenue by Walker Center
Documents filed with the city show that the apartments would range from studios to three-bedroom units, along with a handful of co-dwelling units.
Indy Eleven first pro team in state to get back into action during pandemic
The Indy Eleven soccer team got back into action Saturday, opening its 2020 home season before a thinned-out crowd at Lucas Oil Stadium.
North-side hotels capitalize on Grand Park, leisure travelers
Hotels across the metro area are starting to slowly rebound from this spring’s shutdown, but north-suburban properties are making up ground faster than anyone else.
Capital Improvement Board misses May revenue mark by nearly 70%
The CIB, which operates the Indiana Convention Center and Lucas Oil Stadium, on Friday said May income fell significantly short of both previous-year and budgeted totals because of the pandemic.
JW reopens with new safety protocols, updated rooms
Guests who stay at the hotel will see a variety of changes, including plexiglass barriers at check-in counters and an increase to the amount of time allocated for room cleanings.
Convention Center gets back in the game by hosting basketball tournament
The Nike Tournament of Champions, a 300-team girls basketball event, is expected to bring 9,000 people to Indianapolis through Sunday, injecting an estimated $8.9 million into the local economy.
Castleton-area apartment complex sells for record $97.5M
The 996-unit community was constructed in 1982 and is slated for renovations by its deep-pocketed buyer.
Sports Corp. takes over statewide tourism-support association
Team Indiana is meant to give its members—about three dozen tourism and sports organizations across Indiana—better access to resources that will get the attention of sports governing bodies that decide where to play events.
Indy Eleven plans return to pitch—with masked fans—on July 11
Safety precautions for the team’s season restart also will include limiting ticket sales to the lower bowl of Lucas Oil Stadium and restricting seats to every other row, with at least six feet between each grouping of four seats.