Nordstrom, which opened with the mall in 1995, left a gaping 210,000-square-foot hole in Circle Centre mall. It is a particularly tough space to fill since department stores have seen their market share decline more than half in 20 years and need less space.
The administration of Mayor Greg Ballard found its stride in the final year of its first four-year term, at least when it comes to major publicly supported real estate projects.
Simon Property Group Inc. signed an employment agreement with CEO David Simon that will keep him as head of the Indianapolis-based company the next eight years.
A contentious battle for Indianapolis mayor culminated in a second term for Republican Mayor Greg Ballard, who won the race with 51 percent of the vote. His Democratic challenger, Melina Kennedy, garnered 47 percent.
It will be difficult to rebrand the arena where the Indiana Pacers play, but team officials praised sponsor CNO Financial for sticking with the $20 million naming-rights deal despite tough times.
More than a year after changing its name from Conseco to CNO Financial, the Carmel-based company finally decides to make its naming-rights investment in Pacers' venue pay-off. The only question is, what took so long?
A proposed $1.3 billion transit system might bring redevelopment to urban neighborhoods. Yet transit proponents have surprisingly little to say about how much the system could generate in new real estate investment.
Several streets in downtown Indianapolis, including part of Monument Circle and those surrounding Lucas Oil Stadium, will be closed in the few weeks leading up to the Super Bowl on Feb. 5.
Central Indiana communities are launching smartphone applications, decorating cards to welcome visitors and taking other steps to promote local attractions in hopes of capitalizing on thousands of Super Bowl fans descending on the region for the Feb. 5 game.
The Indianapolis Convention and Visitors Association yanked a video of its version of the "Super Bowl Shuffle" from the Internet after it faced insults from online viewers. The YouTube video showed hotel and restaurant workers dancing and singing new lyrics to the Chicago Bears' 1985 rap song. The tourism agency produced the video as a marketing promotion linked to February's Super Bowl in Indianapolis. The agency said the video “wasn't intended to be a promo for Indy—it was to introduce our sales team at an industry event.”
One bar visit—one whiff of ammonia, benzene, arsenic, lead, carbon monoxide and formaldehyde—will send visitors home coughing and commenting about the Indy time warp.
Officials for Ripken Baseball Inc., which operates two of the country’s top youth baseball facilities, are considering Indianapolis as a location for a major complex that could cost up to $20 million to build and draw thousands of players and spectators each year.
The NFL is spending hundreds of thousands of dollars to build a posh 15,000-square-foot hospitality area inside Union Station’s Grand Hall for this year’s Super Bowl. The facility will be a perk for the league’s best corporate partners, former players and coaches, and other high-rollers.
