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Lauth Group, Schmidt Associates to study redevelopment possibilities for Washington Square Mall

February 4, 2026 | Taylor Wooten

Developers and architects are teaming with the town of Cumberland and Indianapolis City-County Councilor Michael-Paul Hart for a study into the deteriorating retail center’s potential, the parties announced Wednesday.

Homebuilders hope new fees yield quicker approvals

November 7, 2025 | Taylor Wooten

The Department of Business and Neighborhood Services will more than double the cost for some permits next year, including those for building a new home or commercial structure in Indianapolis.

Developers planning $88M active-adult apartment project in Carmel

August 18, 2025 | Daniel Bradley

Plans call for a five-story building with 210 age-restricted apartments, 12,000 square feet of amenity space, a 356-space parking garage and a 1.54-acre park and trail dedicated to veterans of the United States military.

Carmel looks to revitalize aging U.S. 31 business corridor

February 14, 2025 | Daniel Bradley

Increasing vacancy rates fueled by both the pandemic and changing attitudes about what company executives and workers want in their office space have led Carmel leaders to look at how to give the corridor a second act.

IBJ’s biggest real estate development stories of 2024

December 31, 2024 | Mickey Shuey

IBJ has reported extensively on numerous projects throughout this year in the core of Indianapolis and across the area—some that made significant progress and others that ground to a halt.

Carmel developer plans 315-unit luxury apartment project in Plainfield

December 17, 2024 | Mickey Shuey

Located north of The Shops at Perry Crossing shopping center, Crossing 5 Towns & Flats is expected to offer market- and above-market-rate units ranging from one to three bedrooms.

Lauth names new CEO, leader of multifamily division

November 7, 2024 | Mickey Shuey

The Carmel-based commercial real estate firm said longtime developer and real estate consultant Adam Broderick has been named the company’s chief executive.

Whitestown looks to proposed $110M project as next step for town

October 18, 2024 | Daniel Bradley

Indianapolis-based New City Development is formulating plans for Padgett Commons, which would be built on 40 acres of undeveloped property east of I-65 near the intersection of East County Road 550 South and Perry Worth Road.

South Korea-based hotel firm planning high-end hotel with 215 rooms in Westfield

October 3, 2024 | Daniel Bradley

Plans call for the 215-room L7 Westfield hotel to be built on 6.5 acres in the Lantern Commons development near the intersection of U.S. 31 and 161st Street.

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.

NBA weekend could be All-Star shot for downtown

February 2, 2024 | John Russell and Mickey Shuey

Brokers are filling vacant retail spaces with corporate parties, personal events and an assortment of fan-focused pop-ups. They hope the crowds will want to return later for a fun night, a nice dinner or even office or residential space.

Mindy Taylor Ross pairs artwork with civic, corporate and residential clients

January 19, 2024 | Dave Lindquist

Mindy Taylor Ross Ross made her name as the curator of public art in Indianapolis.

Hogsett says mall redevelopment among downtown’s most significant wins

December 21, 2023 | Mickey Shuey

The mall redevelopment is not the largest downtown project in terms of cost. But it will elevate a vast and critical piece of real estate as more than $9 billion in other downtown projects are slated to come to completion over the next decade.

Hendricks strikes deal to acquire Circle Centre, plans $600M redevelopment

December 20, 2023 | Mickey Shuey

The Wisconsin-based firm behind Mass Ave’s Bottleworks District plans to spend the next decade transforming the downtown mall into an open air, pedestrian-focused campus with housing, offices and shopping.

Some renters might get relief from biggest apartment construction boom in decades

July 31, 2023 | Associated Press

Some economists project U.S. rents will be down modestly this year after soaring nearly 25% over the past four years, but the trend will likely be little comfort for many U.S. renters.

New TIF renews hope for fading Irvington strip mall

July 28, 2023 | Taylor Wooten

The strip mall was built in 1952 and for years served as a primary retail hub for the neighborhood.

Subaru planning distribution facility at 1.1M-square-foot warehouse in Zionsville

June 29, 2023 | Daniel Bradley

Plans call for the the warehouse, called Park 267, to be built on a 76-acre site. About 130 employees would work at the facility.

Indianapolis Downtown Heliport expected to close by end of year

October 12, 2022 | Mickey Shuey

The Indianapolis Airport Authority and the city of Indianapolis on Wednesday confirmed the heliport could be decommissioned later this year by the Federal Aviation Administration, paving the way for redevelopment.

Developer buys Diamond Chain site for Indy Eleven soccer stadium, mixed-use district

June 24, 2022 | Mickey Shuey

The redevelopment of what is now an 18-acre manufacturing site downtown is expected to include apartments, a hotel, an office building and retail space—in addition to a 20,000-seat stadium. Keystone Corp. CEO Ersal Ozdemir said the project’s cost will likely top $1 billion.

Indiana’s farmland prices hit historic high

April 15, 2022 | Mickey Shuey and Daniel Bradley

In June 2021, the market value of top-quality farmland increased to $9,785 per acre, up 13% from a year earlier, according to the Purdue University Farmland Value and Cash Rents Survey.

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