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A strong demand for student housing downtown is driving a $40 million plan for a high-rise apartment tower a couple of blocks
east of the Central Canal. The developer, a partnership of Fishers-based Paramount Realty Group and Indianapolis-based Alboher
Development Co. Inc., hopes to build the 16-story Paramount Tower on a OneAmerica parking lot.
I just got an e-mail from a good friend inquiring about where (his speculation was the Insight Bowl in Tempe, Ariz.) the Indiana Hoosiers would play their first bowl game since 1993. I responded with the same line I’ve repeated often. When it comes to Indiana football, I never look further ahead than the next play. It’s a lesson I learned 40 years ago, in 1967. I was fresh out of high school. It always was my dream to go…
A development team is finalizing plans for a $480 million mixed-use project that calls for condos, as many as three hotels, a theater and 175,000 square feet of retail space just south of downtown. The project, Legends District-SODO, could be one of the largest private developments in the city’s history. It would sprawl over 11 […]
A development team is finalizing plans for a $480 million mixed-use project that calls for condos, as many as three hotels, a theater and 175,000 square feet…
A Texas investment group that thinks The Steak n Shake Co. has been mismanaged is taking its discontent to the masses by buying billboard space in the Indianapolis area. The Lion Fund, which owns more than 5 percent of Steak n Shake, plans to say on the billboards that it wants shareholders to elect two […]
Medco Health Solutions, a pharmaceutical distributor headquartered in Franklin Lakes, N.J., is seeking locations in the Indianapolis area where it can build a distribution center that would employ hundreds. A site put forward by Indianapolis near the downtown canal has been passed over because it wasn’t large enough, according to a source familiar with the […]
IBJ reporter Chris Oâ??Malley reported last weekend that ATA Airlinesâ?? parent company has quietly moved its
headquarters to Peachtree City, Ga. Global Aero Logistics no longer flies out of Indianapolis International
Airport, but it has other operations here that employ…
Indianapolis-based Indiana Children’s Wish Fund has been caught in the national subprime mortgage lending crisis. The small not-for-profit, which grants wishes to terminally ill children, filed an arbitration claim after an investment it had in an intermediate-bond fund lost about $50,000 between late June and late September on an initial investment of $222,812. The bond […]
Arcadia Resources Inc., the Detroit-area company that last month announced it would move its headquarters to Indianapolis, reported a $9.2-million loss in its second quarter ended Sept. 30. The parent of Arcadia HealthCare had a $735,619 loss in the same period last year. Continuing operations accounted for $4.5 million of the most recent loss, while […]
Plainfield-based Brightpoint Inc. posted profit of $13 million for the third quarter, a 47-percent increase from a year earlier. Revenue of $1.2 billion in the period ended Sept. 30 was up 86 percent. The wireless device distributor said results were boosted by its first-quarter acquisitions of Denmark-based Dangaard Telecom and Texas-based CellStar, as well as […]
Noble Roman’s Inc. yesterday reported third-quarter profit shot up 58.2 percent, to $2.1 million, on a rise in royalties and fees for the Noble Roman’s Pizza and Tuscano’s Italian Style Subs restaurants it franchises. The Indianapolis company has been on a furious expansion spree-having signed a total of 24 territories to area developers, a move […]
Several people have asked about renderings of the new Fresh Market at 54th and College. The best I can do for now is this color elevation. The top image is the view from 54th Street and shows the entrance for…
A sweeping internal assessment at Angie’s List has resulted in 38 of the company’s 382 employees being shown the door in the past few days. Most of the workers given pink slips were in sales, although others were in operations, marketing and other areas, said spokeswoman Cheryl Reed. Based at 1030 E. Washington St. on […]
A study by the Indiana Business Research Center indicates the flow of jobs from Indiana to overseas locations has shifted and is now moving to other states, particularly Michigan. From early 2004 to the middle of this year, the state lost 44,808 jobs to mass layoffs, said the center, which operates through the Kelley School […]
The once-blighted corner of 71st Street and Binford Boulevard continues to attract redevelopment attention, thanks in large part to the efforts of neighborhood group Binford Redevelopment And Growth, or BRAG. Developers plan to…
Carmel‘s first L.A. Fitness club plans to open in a 45,000-square-foot freestanding building to be built at 2700 E. 146th St. in Carmel, according to the landlord, Terre Haute-based Thompson Thrift. The building, which is leased to L.A. Fitness for 15 years, will be located in Cool Creek Village, a 79,800-square-foot mixed-use development. The Carrollton, […]
The Indianapolis Airport Authority is looking for a few good sculptors-two, in fact. The authority is asking artists to submit proposals for two sculptures to go in the north garden at the new midfield terminal. Proposals are due Dec. 21, with one sculpture scheduled for installation in late 2008 and another in 2009. The sculptures […]
Election Day was no high point in the annals of Indianapolis media. How could we have missed such a big
story, that Greg Ballard was about to upset incumbent Mayor Bart Peterson?
Local news organizations treated Ballard as an afterthought until…
Indianapolis-based Technuity Inc. has been acquired by Audiovox Corp. of Hauppauge, N.Y., for $16.5 million, plus repayment of $4 million in debt. The deal closed Nov. 1, Audiovox announced today. Technuity is the exclusive North American licensee of Energizer Power Protection products and Energizer rechargeable batteries and accessories. About 30 people are employed at its […]
Funds from operations at the Indianapolis-based real estate investment trust Kite Realty Group Trust increased 6.7 percent in the third quarter. The $12 million in funds from operations, a common measure of REITs, amounted to 32 cents per share-matching the average estimate of analysts surveyed by Thomson Financial. Kite also reported today that its development […]
