East-side apartment complexes sold for nearly $26M
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.
Mickey Shuey
Articles
Big Ten football title game draws near-record crowd
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.
Apartment-building blitz reshapes Broad Ripple
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.
16 Tech chooses partners for new Innovation Hub ventures
The chief executive of 16 Tech told a city board Wednesday that the district plans to partner with an East Coast firm to create a startup incubator and flexible office space at the campus’ Innovation Hub.
South Meridian condo project gets approval to move forward in phases
The Indianapolis Historic Preservation Commission on Wednesday voted to approve changes to the design and construction timeline for a downtown condominium project planned along South Meridian Street.
Judge: City can’t use eminent domain for Waterside during legal fight with Ambrose
The city of Indianapolis was told Wednesday by a judge that it can’t begin eminent domain proceedings on the former GM stamping plant site until its ongoing legal dispute with development firm Ambrose Property Group has been resolved.
Estridge plans 17 townhomes in historic Old Northside neighborhood
According to filings with the city, the project would consist of 17 two-story town houses over two blocks along East 16th Street.
Stakeholders consider Lafayette Square redevelopment possibilities
The mall’s proposed sale is considered by industry experts to be welcome news for a lower-income neighborhood trying to make a comeback.
UPDATE: Tech-staffing firm eyes Broad Ripple for new office-apartment HQ complex
Sources said Eight Eleven Group is hoping to build a five-story office building, an adjacent four-story apartment structure and an underground parking garage where 200 to 250 people will be employed.
Fever name longtime WNBA assistant as head coach
Marianne Stanley, 65, is a member of the Women’s Basketball Hall of Fame who won an NCAA title in 1985 and was WNBA coach of the year in 2002.
Neighboring east-side hotels sold for $30.5M to Los Angeles firm
The three hotels at the intersection of Interstates 70 and 465 have nearly 500 rooms between them. The largest, a Marriott that serves as an overflow hotel for big downtown events, is slated for a renovation that could run between $10 million and $20 million.
Scotty’s Brewhouse founder Wise joins CBRE as retail broker
Scott Wise, who founded the once-flourishing Scotty’s Brewhouse restaurant chain, starts Tuesday at CBRE’s Indianapolis office, joining a team of 12 brokers in the office’s retail division.
Ambrose, city likely to spend years in court over GM site development
Negotiations could be difficult, given that both sides have strong arguments, legal experts say.
Colts plan to hike prices for some season tickets, lower others
The average season-ticket price for 2020 will rise 2.9 percent, according to the Indianapolis Colts, but about two-thirds of the tickets will be priced the same or less.
Initial design unveiled for new $20M Broad Ripple Park family center
The project—part of a $70 million master plan for the park approved last year—is expected to feature a 40,000-square-foot building in place of the existing park center.
Lawsuit filed by Ambrose alleges city tried to take stamping plant land for Infosys campus
The company said in its 28-page complaint that Mayor Joe Hogsett’s administration had threatened to take the site through eminent domain in 2017—two years before it’s latest threat to use the legal maneuver to buy the land. That led Ambrose to add a clause to its project agreement with the city meant to prohibit the Hogsett administration from pursuing eminent domain in the future.
Former Marsh store could become apartment building
The bankruptcy of Marsh has forced developers throughout central Indiana to find creative reuses for the former supermarket spaces. In Martinsville, plans are being finalized to transform a Marsh husk into a two-level apartment project as part of a $3 million redevelopment.
Pacers to reduce emphasis on suites in renovation
The change comes as the Pacers look to create court-facing gathering areas like those found at other new or renovated venues.
Children’s Museum, city join forces to find options to save historic Drake building
The process will give developers an opportunity to introduce ways to preserve the 91-year-old building at 3060 N. Meridian St., which the museum had planned to demolish.
Litz & Eaton co-founder facing three lawsuits, including one from his former partner
Brad Litz, who created Litz & Eaton in 2011 is facing multiple lawsuits from a lender and one form his former partner, John Eaton,