Gershman and Citimark’s project includes a different look and a new use for the Gold Building and construction of an 11-story building to replace the east wing of the Indianapolis City Market.
The team behind the proposed redevelopment of the Willows Event Center into apartments near Broad Ripple has withdrawn its proposal, just hours before it was set to be considered by a city commission.
The proposed $175 million project that could add more than 400 apartments to the area surrounding the Indianapolis City Market was chosen over two other bids from local development firms—both of which differed greatly from the winning proposal.
Sojos Capital said it has already begun multiple upgrades to the property, including replacing the roof, changing HVAC units, interior and exterior painting, and additional security enhancements.
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.
Garrett Cos. builds projects like Runway 19 in Greenwood (south of County Line Road, east of Emerson Avenue), which features 200-plus apartments, courtyards and amenities that include its signature restaurant, the I.C. Brewhouse, and coffee shop, Runway 19 Coffee Co.
Two decades of sustained growth came to a close in Indianapolis last year when the city experienced a population decrease, raising some concerns about its economic future.
Experts are optimistic that the property’s redevelopment will spur growth in housing and entertainment, but the industrial site’s environmental and historical factors must be considered in the aggressive timeline set for Eleven Park.
Moller Enterprises, which owns The Sanctuary on Penn, bought the business operations from Linton Calvert, with plans to greatly increase event activity in the building.
Rising costs have seeped into nearly every corner of the economy, with grocery prices jumping 12.2% compared with a year ago. Rents have risen 5.8% and new car prices have increased 11.4%.
New York City-based Five Iron Golf’s planned facility is expected to feature 12 golf simulators as well as televisions, leisure games, a full-service restaurant and a bar.
President and COO Tom McGowan is at the forefront of major shifts for the local real estate firm, which has significant projects on tap in central Indiana.
The owner of the craft beer business founded in Michigan said the COVID-19 pandemic sealed the fate of the downtown Indianapolis location near Rolls-Royce Meridian Center.
The new phase would include 48 rental units and seven penthouse condominiums, 16,000 square feet of ground-floor space for restaurant and office uses, and a 120-vehicle multi-level parking garage.
A principal for the house’s new owner says the firm plans to spend about $1.5 million to create upscale apartment units. Originally built in 1953, the home became known for its jumbled design styles, random statuary, oddly shaped windows and a plethora of indoor and outdoor staircases.
