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Fishers will waive more than $1.6M in fees for Ikea

November 12, 2015

The economic development agreement between the city and the Swedish home furnishing company requires the city to cover the costs for road, park, bridge, permitting, development and sewer impact fees. The total savings for Ikea is estimated to be $1.66 million.

Dura Products to invest nearly $3M in Noblesville facility

November 11, 2015

Dura Products will construct a 15,000-square-foot building and furnish it with new logistical, IT and manufacturing equipment. The capital investment is expected to be $1.8 million and new equipment is expected to cost $1.15 million.

New 296,000-square-foot IKEA won’t cause traffic congestion, officials say

November 10, 2015

Shoppers won’t typically be traveling to the $40 million store during rush hour, said Fishers Mayor Scott Fadness. Still, the city will move forward with road improvements already planned for the area.

From humble start, developer expands to 30 hotels

November 5, 2015

Since arriving in Indianapolis in 1989—to buy a Days Inn on the city’s south side—Bharat Patel has grown his portfolio to nearly 30 properties stretching from California to New Jersey.

Aluminum extrusion plant plans $8.5M expansion

November 3, 2015

Alexandria Extrusion MidAmerica LLC is planning an expansion at the aging Indianapolis plant it bought in 2012, helping it create 30 jobs and retain 60 workers.

Warehousing firm plans $11.7M expansion near downtown

November 2, 2015

Merchandise Warehouse Co. Inc. is planning an expansion and renovation of its warehouse facilities just south of downtown, allowing it to add 65 employees over the next five years.

UPDATE: Eli Lilly to build $70M R&D building in Indianapolis

November 2, 2015

The 130,000-square-foot building will be designed to encourage collaboration among scientists across different disciplines, which the company said is crucial to fostering innovation.

Carmel increases tax incentive threshold

October 21, 2015

The Carmel City Council updated its guidelines for approving economic development incentives for businesses Monday night and increased the average employee salary threshold from $45,000 to $90,000.

Logistics firm planning $14M south-side distribution center

October 20, 2015

Two local subsidiaries of Miami-based Venture Logistics LLC want to build the 400,000-square-foot facility on a 46-acre site at West Hanna Avenue and Division Street, near South Harding Street.

Noblesville approves incentives for $35M hotel development

October 14, 2015

A seven- to eight-story hotel and 20,000-square-foot conference center are part of the proposed mixed-use development at exit 210 just off of Interstate 69 in Noblesville.

Embassy Suites, restaurants part of $35M Noblesville project

October 13, 2015

A seven- to eight-story hotel and 20,000-square-foot conference center are in the works for a $35 million mixed-use development just off exit 210 of Interstate 69 in Noblesville.

Safety label company plans $2.1M headquarters in Westfield

October 12, 2015

DuraMark Technologies Inc. hopes to hire 18 more employees to work in a new 18,000-square-foot office and production facility just south of 169th Street and west of U.S. 31.

Rolls-Royce $600M investment took two years to hammer out

October 5, 2015

Company executives first broached the subject with state officials during a trade mission to the United Kingdom to take in the Farnborough International Airshow.

Rolls-Royce lays out plan to spend $600M on Indy operations

October 5, 2015

Rolls-Royce Corp. is planning a wide-scale modernization of its Tibbs Avenue jet-engine plant in Indianapolis that would be part of an overall goal to invest nearly $600 million in its local operations over five years.

Online car dealer to spend $13.5M to open Whitestown center

September 29, 2015

New York City-based Vroom plans to lease the vacant 500,000-square-foot former Subaru of America building off Indianapolis Road to the west of Interstate 65. The company hopes to hire 220 employees by 2024.

Fishers Sports Pavilion project struggles to secure financing

September 29, 2015

Nearly six months ago, Mayor Scott Fadness announced plans for the $76.4 million Fishers Sports Pavilion. But the project has yet to receive final approval as Fadness remains adamant that financing be secure before the council takes action.

Hamilton County not-for-profit pursuing $7.8M project in Sheridan

September 24, 2015

Hamilton County Area Neighborhood Development is planning to renovate the historic Adams Township School in Sheridan into an affordable housing community.

Transcript: IBJ Commercial Real Estate and Construction Power Breakfast

September 18, 2015

Indianapolis Business Journal gathered leaders in the state’s commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 10.

Westfield approves 10-year tax abatement for new warehouse building

September 16, 2015

Oak Ridge Road requested the tax break for its proposed 125,000-square-foot facility located on eight acres at 17001 Oak Ridge Road to the north of the 169th Street intersection.

Redevelopment of historic grain elevator site could cost $12M

September 15, 2015

Nate Lichti, executive director of Hamilton County Area Neighborhood Development Inc., told the Hamilton County Board of Commissioners on Monday the mixed-use project would be largely reliant on low-income housing tax credits from the state.

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