Hostel planned for former church, event center in Fountain Square
Plans for the hostel have been recommended for approval by city staff, because it “would be appropriate and would recognize [the building’s] historical and architectural value.”
Mickey Shuey
Articles
Penske’s purchase of IMS, IndyCar finalized
The sale puts Roger Penske in charge of the Indianapolis Motor Speedway, the open-wheel series that is built around the Indy 500 and the track’s esteemed production group.
Speedway officials seek remedy for delayed Wilshaw hotel project
Progress on the 126-room Wilshaw, at the southeast corner of Main and 16th streets, has been stalled since early July while Indianapolis-based developer Loftus Robinson awaits the release of its first loan installment to finance the project.
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.
New owner pursues retail for long-vacant Fountain Square building
Two earlier plans for the building failed, but by spring it could house a business for the first time in five years.
Local developer proposes 195-unit apartment complex near Methodist Hospital
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.
2019 YEAR IN REVIEW: Bade abruptly changes direction after split with Ambrose partner
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, storage company plan new development in Lockerbie
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.
Incoming zoo CEO seeks to continue momentum
Rob Shumaker, now president of the zoo, will take over as CEO for the retiring Michael Crowther in early January.
West-side apartment complex sells for $32.8M
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.
Indianapolis lands major convention for people who make decisions about conventions
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.
Local chocolate maker SoChatti receives city tax breaks
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.
Lawrence Township schools plan expansive busing facility on 40 acres
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.
Children’s Museum, city put out incentive-rich RFI for Drake redevelopment
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.
Indiana University athletic director Glass stepping down
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.
Leader of IndyCar series, IMS staying on ‘indefinitely’
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.”
NCAA moves early-round basketball tourney games to Indy in 2022
The games had been scheduled for Cincinnati, but the NCAA said the city needs time to complete renovations of its arena.
Ambrose plans new Plainfield industrial park, $50M first building
The 189,000-square-foot first building is one of four planned by Indianapolis-based Ambrose Property Group at its new Plainfield Logistics Center.
Boston firm buys 10 industrial buildings for $62 million
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.
IMS tabs medical transportation company as title sponsor for Grand Prix
The Indianapolis Motor Speedway announced Tuesday that it has struck a multi-year naming rights deal for the Grand Prix of Indianapolis.