
Developer in downtown hotel project sues bank in rift over relocating branch
Loftus Robinson plans to transform the 16-story tower into a 130-room Kimpton-brand hotel. But it says it has hit a snag with moving Centier Bank from the ground floor.
Loftus Robinson plans to transform the 16-story tower into a 130-room Kimpton-brand hotel. But it says it has hit a snag with moving Centier Bank from the ground floor.
The street-level retail tenants in One North Penn are preparing to either relocate or close for good as the office building’s transformation gets under way.
Loftus Robinson acquired the 16-story office tower from a Florida firm and plans to embark on a facade renovation to restore its historic character.
Observers say the trend is a reflection of the increasing blurring of the lines between work and social lives.
A local developer has purchased a vacant 12-story office building east of Monument Circle downtown and is embarking on $7 million renovation to return the property to its former prominence.
Work is expected to begin this month on a $28 million mixed-use project on the site of the Fishers Train Station, which will be demolished to make way for offices, retail and apartments in the burgeoning suburban downtown.
Drew Loftus and Kyle Robinson are wrapping up their first project, in Broad Ripple, and have bought another building, this one downtown. A well-known architectural and design firm is slated to be the building’s tenant.
First project for startup Loftus Robinson Development is a small conversion in Broad Ripple.