State to widen Interstate 65 south of Southport
Greenwood-area commuters should have more breathing room on Interstate 65 after a highway-widening project planned by the Indiana Department of Transportation.
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Articles
Trailer parks lure ex-traders eyeing double-wide returns
Former hedge-fund executives who left Wall Street are finding new ways to milk profits from old trailer parks, including one in Indianapolis.
MORRIS: May is mix of new fun, good memories
This year’s lead-up to the Indy 500 recalls a time when 16th and Georgetown was the only place to be.
Banks whittle down Indy-area branches
Since January 2013, banks have closed 35 branches in Marion County and surrounding counties but have opened only six new ones.
Noblesville Schools, National Guard agree to land swap
The Indiana National Guard is bugging out of its Noblesville armory, part of a years-in-the-making plan to turn the property over to a growing neighbor: Noblesville Schools.
Carmel’s Main Street getting more upscale apartments
Carmel officials have signed off on Keystone Realty Group’s plans to build a five-story mixed-use building southwest of Old Meridian and Main streets.
Roundup: Boutique hotel, Sangrita, Tom+Chee and fast-fire Coalition Pizza
A nine-room hotel along the Monon Trail in Broad Ripple has opened, while another downtown-area stalwart has closed.
Slow going for new 106th Street exit on I-69
It seems fitting that the process of adding an interchange to relieve congestion on Interstate 69 appears to move about as fast as, well, rush-hour traffic on Interstate 69.
Roundup: Tilted Kilt in Carmel, plus beer, burgers, sweet tea and toys
Sports pub chain Tilted Kilt is planning a Carmel location. Plus: new beer options, McAlister’s remodels, and a local toy store closes.
Apartments may be added to Noblesville mixed-use project
The developer of a commercial project planned at State Road 37 and 146th Street is seeking a zoning change to add a 350-unit apartment complex to the mix.
PHILANTHROPY
King Park Development Corp., a community development corporation on the near-north side, has hired Steven A. Meyer as executive director. Meyer, who has been assistant administrator of brownfield redevelopment for the city since 2011, joins King Park effective June 16. He replaces longtime leader Janine Betsey, who left in October. Meyer is a 2009 graduate […]
Former restaurateur Peter George partnering on small new eatery
George, 60, is targeting an August opening for Tinker Street, a chef-driven and plant-based concept he’s launching with business partner Thomas Main, 56, who also has a restaurant background.
New name, same game for big Fishers employer
Sallie Mae’s loan-servicing operation in Fishers has a new name and a new look. Navient employs about 2,300 Hoosiers, including more than 1,400 in Hamilton County.
Noblesville firm plans $3M East 16th Street investment
Slane Capital is developing the project for Better Retail, which plans to move its headquarters from Hamilton County while converting the dilapidated structure just east of the Monon Trail into a hub for food-and-beverage startups.
Town waives fees to accelerate $17.6M senior-living project
Fishers will forgive as much as $300,000 in development fees to get a $17.6 million expansion project started by Aug. 1.
Fishers’ Depot lands Charlotte pizza chain as anchor tenant
North Carolina-based Brixx Wood Fired Pizza has signed on as the anchor tenant in The Depot at Nickel Plate, a $42 million apartment-and-retail project under construction in downtown Fishers.
Leases/leasing contracts
-National Oilwell Varco leased 31,790 square feet of industrial space at 9870 E. 30th St. The tenant was represented by Grant Lindley of Cassidy Turley. The landlord, James D. Crawford Trust, was represented by Luke Wessel of Cassidy Turley.
-Progressive Casualty Insurance Co. renewed its lease for 17,444 square feet of office space at 5975 Castle Creek Parkway. The tenant was represented by Tom Osborne and Kimberly Estes Hartman of Colliers International. The landlord, LS REF2 OREO/Castle Creek, was represented by Matt Langfeldt and Rich Forslund of Cushman & Wakefield/Summit.
-The Icing On The Cake Event Center LLC leased 4,084 square feet of retail space at Lafayette Center, 4261 Lafayette Road. The tenant was represented by Alex Sanders of Newmark Knight Frank Halakar.The landlord, Namdar Realty Group, was represented by Bill Marsh and Greg Smith of Colliers International.
-CTL Global Holdings LLC leased 2,125 square feet of industrial space at 6330 E. 75th St. The landlord, TIAA-CREF, was represented by Todd Vannatta and Bennett Williams of Cassidy Turley. The tenant represented itself.
-Sweet Express Yogurt Shop leased 1,967 square feet at North Willow Mall, 2278 W. 86th St. The landlord, Township 86 Development Co. LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-A Nail Salon leased 1,800 square feet at Brownsburg Shopping Center, 816 E. Main St., Brownsburg. The landlord, TCP Brownsburg Center LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Little Caesars leased 1,460 square feet at Sandstone Commons, 11640 Brooks School Road, Fishers. The landlord, CPM III LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-China Wok Restaurant leased 1,370 square feet at Saratoga Shops, 1070 W. Main St., Plainfield. The tenant was represented by Jerry Zheng of DOC Real Estate Inc. The landlord, Saratoga Associates LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.
-9-Round Kickboxing leased 1,272 square feet at 116th Street Centre, 980 E. 116th St., Carmel. The Landlord, TCP Guilford LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
Flex-office operator adds 58 suites in Mass Ave area
Regus Group plc, which has other locations in the Indianapolis area, has taken more than 10,000 square feet downtown to open its latest flex-office center, where business owners can rent space by the day, week or month.
Former Omar Bakery building on East 16th set for revamp
A Lincoln, Neb-based firm plans to spend up to $8 million to convert the nearly century-old vacant building into a mix of apartments and retail uses, possibly furthering the revitalization of the East 16th Street corridor.
Northern suburbs see blitz of apartment construction
Growing demand for high-end, low-maintenance living is fueling an apartment-building boom in Indianapolis’ northern suburbs—and raising concerns among some leaders about the risks of adding too much too fast.