Last month, city officials and the two developers reached a tentative deal for addressing key elements of the overhaul of downtown’s City Market block, including reskinning the Gold Building and renovating the adjacent Ohio Street parking garage.
City and neighborhood leaders have expressed hopes that the opening of the campus would spur redevelopment in Twin Aire, but change hasn’t been fast to take root.
It’s a challenge hitting urban centers across the United States. Downtown office buildings are seeing their values plummet and vacancy rates climb due to space consolidation and a continued hesitancy toward renewals and new leases following the pandemic.
Girls IN STEM Academy is planned as a K-8 charter school with a curriculum focused on science, technology, engineering, and mathematics. The school is founded in partnership between Paramount Schools of Excellence, Purdue Polytechnic High Schools and the Girl Scouts of Central Indiana.
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.
The building sits on land that Israel Traub, a German-Swiss immigrant, purchased in 1854 for a grocery store he opened in 1866, according to the St. Joseph Historic Neighborhood Association.
The new location along Massachusetts Avenue will feature a 1,200-square-foot store, with a separate space of 750 to 800 square feet that can fit larger gatherings, such as corporate groups or parties.
The Original Farmers’ Market, typically held outside of the City Market on East Market Street, will take place on the southwest quadrant of Monument Circle this year due to the closure of the City Market for a redevelopment project.
Construction on the landmark could last up to two years, according to the city. It’s part of a $200 million redevelopment of the entire block, after which the City Market itself will reopen under a private operator.
Peanut Montessori acquired the 12,100-square-foot brick building along Broad Ripple Avenue on Monday and plans to move its operations to the property later this year.
When Mel Raines takes over in June from retiring longtime Pacers executive Rick Fuson, she will be the first female chief executive in franchise history and only the third active female top executive for an NBA franchise.
An Israeli company has firmed up plans for a new isotope manufacturing plant in Westfield in what is becoming a scramble in a red-hot local market for nuclear-medicine facilities.
When thousands of basketball fans, journalists and corporate sponsors land in Indianapolis next week for All-Star Weekend, organizers say they’ll be treated to a more elevated experience than they would have been in 2021, when the city was originally slated to host the event.
In addition to its foreclosure demand, Wilmington Trust has requested the appointment of a new receiver for the 685,000-square-foot, 36-story property.
