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Goodwill plotting a $10 million reuse strategy: Not-for-profit renovates HQ for expanded charter school

February 19, 2007

Goodwill Industries of Central Indiana supports its job and educational programs by reselling used clothes, household items and even cars. But the virtues of reuse and recycle aren’t confined to the not-for-profit’s 34 local thrift stores. Goodwill has adapted its headquarters several times since it was built in 1960, to fill a variety of needs. Some of the same space within the 195,000-square-foot building has served as a retail store, an office full of cubicles, an industrial packing facility and…

WFYI Teleplex to make $20 million move: Federal tax credit will help pay for purchase of former Indiana Energy building, renovations, equipment

February 19, 2007

Metropolitan Indianapolis Public Broadcasting Inc. will invest $20.1 million to move its WFYI Teleplex up the street into the former Indiana Energy headquarters, a shift that will give the notfor-profit room to grow and breathe new life into an enormous building that’s been nearly vacant since 2000. The broadcaster will pay $8.5 million for the four-story, 94,000-square-foot building at 1630 N. Meridian St., and spend $11.6 million on renovations and equipment. Funding will come from a hodgepodge of sources, including…

Biz parks looking to regain cachet: Once-hot office spots Keystone, Precedent face more competition, see occupancy slip

February 19, 2007

The new owners of Keystone at the Crossing and Precedent Office Park-two prominent, but aging, business parks on the city’s north side-are undertaking major projects to stay competitive amid a rising glut of office space. Both office complexes became popular corporate addresses after their development in the 1980s and enjoyed near-maximum occupancy throughout much of their history. But vacancy rates at the high-profile parks have begun to climb in recent years. Indianapolis-based commercial real estate investment manager HDG Mansur, on…

Firefighters battle large blaze at Shelbyville factory

February 16, 2007

Firefighters are battling a fire at Knauf Insulation in Shelbyville that has been burning since early this morning, according to our newsgathering partner WISH-TV Channel 8. Knauf, founded in 1978, began a $200 million renovation of the plant in 2005. It makes thermal and acoustical fiberglass insulation for residential, commercial and industrial building applications. […]

UPDATE: Simon might upgrade Mills malls

February 13, 2007

Simon Property Group probably will improve Mills Corp. malls if the Chevy Chase, Md., company follows through with its announcement earlier today and accepts Simon’s $1.56 billion buyout offer, an RBC Capital Markets analyst said. Speaking to Bloomberg, Rich Moore said Indianapolis-based Simon—the nation’s largest mall owner—brings substantial economies of scale. “Simon will get tenants, […]

State GOP considering 2012 national convention bid: A successful Young Republican event in 2009 could help city land larger prize, but competition will be stiff

February 12, 2007

It’s a long shot-probably longer than the odds the Chicago Bears faced against the Indianapolis Colts-but the city could host the Super Bowl in 2011 and the Republican National Convention the following year. City leaders hope to convince NFL owners that the city is more deserving than Phoenix, Dallas and possibly New Orleans, which could be the sentimental favorite if, in fact, it submits a bid. Indiana Republicans, meanwhile, are setting their sights on 2012 and are just beginning to…

University Loft finds growing niche in hospitality industry: Indianapolis-based furniture manufacturer known for college products sees big potential in hotel segment

February 12, 2007

The University Loft Co.’s graduation from dormitory to hotel-furniture maker is beginning to show promise. While the Indianapolis-based manufacturer’s bread and butter remains campus furnishings, its decision to enter the hospitality market in 2003 has CEO James Jannetides thinking big-as in presidentialsuite big. In four years, the ULC Hospitality division has grown to account for nearly 10 percent of the company’s $100 million annual revenue. Jannetides, though, envisions the branch’s eventually contributing half in his quest to someday make ULC…

Museum yanks Puck Catering exclusive event contract

January 23, 2007

The Indianapolis Museum of Art has revoked Wolfgang Puck Catering’s exclusive contract for events at the museum after the Los Angeles-based company failed to deliver at a big event last year. The IMA sent a letter Monday to 10 caterers that are locally based or have a local presence in order to gauge interest in […]

Temp agency jumping into training, construction: Latino-owned Aztec Group’s first foray is three-year project to fix up warehouse complex on near-east side

January 22, 2007

When Rod Webb moved to the United States from Mexico in 1982, his plan was to make a career as a salesman for an Indianapolis industrial chain manufacturer. But a short stint volunteering for a group that aided migrant workers planted another seed that’s now bearing fruit. After eight years running a temporary employment firm that specializes in offering Hispanic employees alternatives to field work, Webb is embarking on an ambitious plan to transform a dilapidated east-side warehouse complex into…

Downtown Hyatt, National City Center to get $14M facelift

January 16, 2007

The Hyatt Regency Indianapolis and National City Center will undergo a $14 million renovation that is set to begin next week. The bulk of the redesign—$11 million—will go toward adding 10,000 square feet of meeting space, an Italian/American restaurant, a Starbucks coffee shop and upgrading a lounge in the lobby of the downtown hotel. National […]

Columbia Club faces membership, financial issues

January 15, 2007

The Columbia Club, the tradition-rich enclave where the city’s business elite have gathered and cut deals for more than a
century, is facing declining membership, the departure of its longtime general manager, and looming financial challenges–including
a $5.5 million loan that comes due this summer.

IMA may drop Puck for service lapse

January 8, 2007

The Indianapolis Museum of Art is considering whether to revoke Wolfgang Puck’s exclusive catering contract after the company’s
slow service marred an important event in November.

Shiel Sexton to give city block extreme makeover: Historic home of VanAusdall & Farrar gets new life

December 25, 2006

Shiel Sexton Co. Inc. is continuing its downtown redevelopment spree with plans to turn an entire city block into an office complex that could include some retail space. The Indianapolis contractor bought the block at auction this fall when its former owner, local office equipment distributor VanAusdall & Farrar Inc., moved to offices at 75th Street and Binford Boulevard. Bounded by 12th, Meridian, 13th and Illinois streets, the 2.9-acre property houses four buildings, three of which are clustered along Meridian…

Canal site picked for $33M project

December 4, 2006

A local developer plans to build a $33 million, four-story apartment and retail complex on the Central Canal just north of
Michigan Street. Flaherty & Collins Properties has the three-acre parcel under contract from American United Life Insurance
Co.

PROFILE: Roby’s Plumbing and Heating Co. Inc.: Plumber survived by staying flexible Firm entered new market, shifted business priorities

December 4, 2006

Roby’s Plumbing and Heating Co. Inc. Plumber survived by staying flexible Firm entered new market, shifted business priorities Those “big box” home-supply stores make the world a scary place for independent companies such as Roby’s Plumbing and Heating Co. Inc. No way can businesses like Roby compete with the big boxes’ prices on pipes and other plumbing materials, owner Brad Roby said, but they can offer something the others don’t-service. “Home centers provide cheap products but poor service,” Roby said….

Critics question trustee’s property portfolio given mission to help needy

November 20, 2006

Center Township has real estate holdings worth more than $10 million, according to IBJ research. The township’s robust real estate portfolio—highly unusual for an Indiana township—fits Trustee Carl L. Drummer's vision for his taxpayer-supported office. But it makes others see red.

Butler mounts unusual campaign: Students, not buildings, major emphasis of effort

November 20, 2006

Butler University President Bobby Fong’s collection of baseball memorabilia sparks almost as much enthusiasm from him as the capital campaign the college publicly unveiled last month. The major difference of course is that the autographed bats and balls displayed in his office are far less valuable than the $125 million the college wants to raise by 2010. More than half the amount already has been procured from alumni and past donors during a silent phase that launched in late 2003….

New ballet school takes over space left by failed dance group

September 25, 2006

Victoria Lyras began classes for her newly created Indianapolis School of Ballet Aug. 21 in 10,500-square-foot quarters on Capitol Avenue that previously housed Ballet Internationale's Clara R. Noyes Academy, which closed in November because of financial problems. ISB has 20 students so far.

Student sponsorship deal raises money, criticism

September 11, 2006

The Indianapolis office of Zurich-based UBS Financial Services Inc. is experimenting with “adopting” the freshman class at Herron High School as the UBS Scholars of 2010. Its foundation made a $100,000 gift to the startup charter school, and local employees made a commitment to tutor, mentor and otherwise support its first 92 students.

Museums trip out over loyal donors: Cultural organizations are offering travel opportunities to generous patrons to inform them, gain more support

September 11, 2006

With a new director in place and a $74 million renovation and expansion complete, the next step for the Indianapolis Museum of Art is courting donors to financially back the enlarged operations. Those who pledge at least $2,500 to the IMA are invited to accompany, at their own expense, IMA Director Maxwell Anderson and his wife on a cruise in the fall of 2007 to Spain, France and Italy. The excursion coincides with the opening next year of the museum’s…

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2,306 results for 'renovation'

Articles

Goodwill plotting a $10 million reuse strategy: Not-for-profit renovates HQ for expanded charter school

WFYI Teleplex to make $20 million move: Federal tax credit will help pay for purchase of former Indiana Energy building, renovations, equipment

Biz parks looking to regain cachet: Once-hot office spots Keystone, Precedent face more competition, see occupancy slip

Firefighters battle large blaze at Shelbyville factory

UPDATE: Simon might upgrade Mills malls

State GOP considering 2012 national convention bid: A successful Young Republican event in 2009 could help city land larger prize, but competition will be stiff

University Loft finds growing niche in hospitality industry: Indianapolis-based furniture manufacturer known for college products sees big potential in hotel segment

Museum yanks Puck Catering exclusive event contract

Temp agency jumping into training, construction: Latino-owned Aztec Group’s first foray is three-year project to fix up warehouse complex on near-east side

Downtown Hyatt, National City Center to get $14M facelift

Columbia Club faces membership, financial issues

IMA may drop Puck for service lapse

Shiel Sexton to give city block extreme makeover: Historic home of VanAusdall & Farrar gets new life

Canal site picked for $33M project

PROFILE: Roby’s Plumbing and Heating Co. Inc.: Plumber survived by staying flexible Firm entered new market, shifted business priorities

Critics question trustee’s property portfolio given mission to help needy

Butler mounts unusual campaign: Students, not buildings, major emphasis of effort

New ballet school takes over space left by failed dance group

Museums trip out over loyal donors: Cultural organizations are offering travel opportunities to generous patrons to inform them, gain more support