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Hendricks’ growing reputation led to Circle Centre opportunity

March 29, 2024 | Mickey Shuey

Hendricks Commercial Properties has spent more than $550 million to acquire and redevelop properties across Indianapolis and Carmel since 2013. But the Wisconsin-based firm says it’s just getting started with work it hopes to do here.

Carmel task force looks at city’s housing challenges

March 29, 2024 | Daniel Bradley

Carmel’s housing options mostly fit into two opposite categories: single-family detached houses in subdivisions and multifamily apartment buildings in the downtown core. City officials want to explore a third category: the “missing middle.”

City-County Council delays housing project vote after complaints against developer

April 1, 2024 | Taylor Wooten

Councilors plan to take a closer look at a proposal after criticism was made against the developer. The Indianapolis-based company has been accused of mismanaging three west-side apartment properties—allegations that it denies.

Local developer plans 46-unit apartment project near Goose the Market

April 2, 2024 | Mickey Shuey

A local developer plans to spend more than $12 million to build a trio of walk-up style apartment buildings along Delaware Street, just south of Fall Creek.

Black Circle to expand with music-focused venture on 10th Street

April 8, 2024 | Dave Lindquist

Black Circle Audio will take over a 99-year-old brick structure south of Brookside Park that once was home to American Legion Post 465.

Industrial developer keeps its focus on Plainfield with 498,000-square-foot Terminus project

April 9, 2024 | Mickey Shuey

Terminus is one of several elements of the $300 million Hobbs Station project, which will include housing, retail and office uses. The CEO of Terminus developer HSA Commercial Real Estate hopes the mix will attract tenants in sophisticated industries such as biotech.

Developers looking to build nearly 950 new homes in Noblesville

April 11, 2024 | Daniel Bradley

Members of the Noblesville City Council heard introductions for the four projects totaling $266 million in investment at the council’s meeting on Tuesday night.

InterContinental Hotel set to open this fall, bringing downtown another luxury lodging option

April 12, 2024 | Mickey Shuey

The $101 million project at 17 W. Market St. will include 170 rooms and a rooftop bar with views of the Soldiers and Sailors Monument. The opening will come some five years after Keystone first proposed the hotel.

IBJ Podcast: John Stehr, news anchor turned mayor, on tackling one of Zionsville’s hottest issues

April 15, 2024 | Mason King

Stehr has jumped into the job with a big-picture vision for addressing how to develop the land just south of Zionsville’s gingerbread-like downtown.

Council committee OKs $12M in TIF funds for proposed north-side apartments

April 16, 2024 | Taylor Wooten

Plans call for the project, named Allison Pointe, to be built on a 10.5-acre undeveloped parcel in a small commercial park just south of Interstate 465, north of 82nd Street and west of Allisonville Road, between Castleton and Keystone at the Crossing

Six-story apartment building planned on site across from Lucas Oil Stadium

April 16, 2024 | Mickey Shuey

Indianapolis-based TWG says it has all four of the parcels comprising the site under contract, pending city approval to rezone them from the current I-2 industrial classification to a more apartment-friendly designation.

Carmel to seek outside funding sources for Monon Square South project

April 18, 2024 | Daniel Bradley

Plans call for the project to cost an estimated $47 million and feature a food hall, community gathering space, office space, apartments and a public parking garage.

Hendricks closes on $85M purchase of Circle Centre Mall

April 24, 2024 | Mickey Shuey

Hendricks Commercial Properties—the developer of the Bottleworks District—plans to spend at least $600 million to convert the nearly 30-year-old mall into an open air, pedestrian-focused retail, office and residential district.

Keystone says city is backing out of Eleven Park deal as mayor plans ‘significant’ announcement

April 25, 2024 | Mickey Shuey

City officials did not immediately respond to a request for comment about Keystone’s statement. But the Mayor’s Office announced that at 5:30 p.m., Hogsett would make a “significant announcement about the future of sports in Indianapolis.”

Hogsett says city to pursue Major League Soccer franchise

April 25, 2024 | Mickey Shuey and Taylor Wooten

The city is forgoing its relationship with the Indy Eleven to work with an undisclosed ownership group to develop a stadium at one of two potential sites.

Hogsett’s plan to win MLS franchise faces city-level legislative hurdles

April 26, 2024 | Taylor Wooten

Following the mayor’s announcement, some Indianapolis councilors expressed apprehension about abandoning a soccer stadium already in the works. But the council’s majority Democratic leaders have not weighed in.

Noblesville district would allow drinking and strolling

April 26, 2024 | Daniel Bradley

A proposed district in downtown Noblesville could make life easier for festival organizers, strengthen the bottom line for business owners, and help residents and visitors have a good time.

Owner of historic building in possible MLS stadium development area says she won’t sell

April 29, 2024 | Mickey Shuey

A proposal to develop a Major League Soccer stadium on the east side of downtown Indianapolis is facing some early resistance from the owner of a historic property in the heart of the proposed development area.

Restaurateur takes over former downtown bank branch by Riley Towers

April 30, 2024 | Dave Lindquist

FortyFive Degrees owner Bill Pritt said he intends for Harrison’s Restaurant, a concept based on “good portions and fair prices,” to open by spring 2025.

Timeline firming up for converting Gold Building to apartments as construction costs climb

May 7, 2024 | Mickey Shuey

Last month, city officials and the two developers reached a tentative deal for addressing key elements of the overhaul of downtown’s City Market block, including reskinning the Gold Building and renovating the adjacent Ohio Street parking garage.

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