In September, the Carmel City Council approved two bond packages, which totaled $96 million, to fund street, path and infrastructure improvements, land acquisition and a high-end hotel at City Center.
City and hospitality officials have started laying the groundwork to accommodate demand for rooms booked for conventions and other big events by Visit Indy.
The owner of a complex near where Sun Development wants to build a dual-branded hotel incorporating a historic church is suing over a strip of land that would run through the project.
Blue Marble Cocktails and Spirits is spending more than $9 million to relocate its headquarters and establish manufacturing locally. It plans to create annual capacity to produce three million, 24-can cases of its cocktails, which range from Cinnamon Toast to Bloody Mary.
The Chicago-based pizza chain has started construction on its third Indianapolis restaurant, a former Max & Erma’s, while Weekends Only prepares to open its second local store, in a former Kroger supermarket.
A $25 million Greenwood sports complex is on ice while its developers try to work out a deal to get a sizable, one-time rebate from Indianapolis Power & Light Co.
The $40 million hotel, which will be part of the Autograph Collection by Marriott, is expected to be built between the Monon Trail and Veterans Way, just south of City Center Drive.
The Pokagon Band of Potawatomi Indians is set to open the Four Winds Casino South Bend to the public on Tuesday, joining three other casinos the tribe already operates nearby in southwestern Michigan.
The 4.5-acre parcel just east of the Monon Trail received a high bid of $2.75 million. All of the proposals would mix commercial and housing development.
One of the most prominent office buildings downtown has become available for lease and is expected to generate plenty of interest from prospective tenants coveting a prized Monument Circle address.
A project of this size could actually change Indiana’s per-capita income. It could generate 30,000 spin-off jobs and produce hundreds of millions of dollars in state and local tax revenue.
For folks who want something a little more structurally solid than glamping but more homey than a hotel, the Indianapolis Motor Speedway plans to offer lodging for this year’s Indy 500 in pint-sized houses.
Real estate experts disagree over whether the prominent downtown space being vacated by Carson’s makes more sense for another retailer (perhaps Target?) or for an office user.
