The not-for-profit is planning to move from its East 10th Street location to North Meridian Street as part of a larger city land swap deal involving the Indianapolis Fire Department. The final step: a $43 million mixed-use development on Mass Ave.
Deylen Realty’s latest development along bustling Virginia Avenue calls for 68 apartments and 9,900 square feet of retail space between the existing Mozzo apartments and Villagio condos.
The owners of the 19-building Precedent Office Park are putting the massive property up for sale, eight years after buying it for $143 million at the height of the real estate boom.
The developers plan to invest $16 million to transform the vacant, century-old building into 98 apartments, with first-floor retail or restaurant space, in a project dubbed Penn Street Tower.
Gander Mountain plans to open a store in Avon, Wal-Mart is expanding its presence in the metro area, and an Irish pub has opened downtown in space that’s had trouble keeping a longtime tenant.
The two Class A office buildings totaling 348,000 square feet are close to being sold after falling into foreclosure during the implosion of defunct local developer Premier Properties USA Inc.
The YMCA of Greater Indianapolis wants to build an 87,000-square-foot mixed-use development on a parking lot owned by Eli Lilly and Co. at the southwest corner of Alabama and South streets.
Two four-story structures, at the southwest and northwest corners of 30th and Clifton streets, will be built as part of a $10.7 million project that will include 57 units linked by an elevated walkway.
A federal judge rejected the shareholder’s motion claiming that the offering would enable CEO Sardar Biglari to unfairly increase his ownership in the company. Biglari Holdings is the parent of Indianapolis-based Steak n Shake.
City officials are quietly trying to orchestrate what would be a major coup: Landing Cummins as an office anchor for a second phase of redevelopment on the former home of Market Square Arena.
The local developer is seeking city approval for 57 units as part of a mixed-use project that calls for 3,100 square feet of retail space on property south of its Mozzo Apartments.
The vacant 49-acre Sherman Park business complex might finally be redeveloped now that the owner has exited bankruptcy and demolition has started on its main building.
The downtown rental market is booming, but is a slowdown coming?
The 24,400-square-foot building was owned by CFS Inc., a Carmel company accused by the Indiana Secretary of State’s securities division of misappropriating the funds of elderly clients who bought ownership interests in rental properties.
Frullati Cafe & Bakery, operated by Scottsdale, Ariz.-based Kahala Corp., owes the mall at least $23,439 in back rent, according to a lawsuit filed Sept. 10 by landlord Simon Property Group Inc. in Marion Superior Court.
The vacant Sherman Park business complex on the east side has been taken from a private developer in a bankruptcy reorganization, and several parcels of the 49-acre property are listed in the county's annual tax sale.
The 2,500-plus apartment units slated for downtown over the next few years will not overpower the market, according to panelists at Friday's IBJ Commercial Real Estate & Construction Power Breakfast.
The company and Don Marsh each want the other to pay legal bills that, coincidentally, total about $1.7 million each. They stem from a bitter court battle between the two that concluded in July.
Daniel Jacobs plans to break ground in the spring on the first of three million-dollar houses to be built at the northeast corner of East North Street and North Park Avenue.
The Irvington Development Organization and Irvington Historical Society have received a $50,000 state grant to help repair the former post office building and make it marketable to a potential buyer.
