The city plans to partner with a private developer on a $65 million downtown redevelopment project adjacent to the former home of Market Square Arena. Plans for the mid-rise project call for 600 apartments and 37,000 square feet of retail space at the long-vacant former Bank One operations center, which occupies a full city block […]
The city plans to partner with a private developer on a $65 million downtown redevelopment project adjacent to the former home of Market Square Arena. Parking garage resolution and Tax abatement resolution. Plans for the mid-rise project call for 600 apartments and 37,000 square feet of retail space at the long-vacant former Bank One operations […]
Indianapolis-based BioStorage Technologies Inc. announced today that it plans to create 125 jobs by 2012 and invest more than $6.1 million to expand operations. BioStorage Technologies provides long-term cold storage for advanced biomaterials used in drug development. The company, co-founded in 2002 by CEO F. John Mills, currently has 80 employees. The investment will be […]
A panel of five veterans of real estate and construction provided industry insights at IBJ‘s Power Breakfast May
1 at the Westin Indianapolis.
A panel of five veterans of real estate and construction provided industry insights at IBJ’s Power Breakfast May 1 at the Westin Indianapolis. The panelists were: Mary Beth Kohart, a principal and vice president in the local office of Colliers Turley Martin Tucker; Danny Marr, a partner and principal broker for Veritas Realty; Andrew Morris, […]
During one of the worst markets for real estate in decades, at a time when developers of all sizes are shedding employees, officials with Simon Property Group Inc. continue to insist they have had zero layoffs.
The Simon family’s role in building the city has come at a steep price for taxpayers. Simon and
its business interests in the last 20 years have collected local government incentives
worth more than $400 million, an IBJ tally of those deals shows.
During one of the worst markets for real estate in decades, at a time when developers of all sizes are shedding employees, officials with Simon Property Group Inc. continue to insist they have had zero layoffs. That assertion is puzzling to local market observers, who say the mall giant has quietly dropped dozens of employees […]
Layoffs could put Simon in violation of HQ incentive agreement. Noblesville put up big bucks to spur Hamilton Town Center development. It’s hard to imagine Indianapolis without the Simon family. The mall owner Simon Property Group Inc. is one of the city’s most prominent corporate citizens, the company-developed Circle Centre mall acts as downtown’s heart, […]
Local merchandiser MainGate Inc. announced plans yesterday to expand its west-side headquarters and production operations, which should create 75 jobs by 2013. The company, which primarily provides marketing and merchandising services to clients in the motorsports industry, said it would invest more than $3.6 million to expand its production and office facility from 106,000 square […]
Local developer Halakar Properties Inc. is seeking tax abatement to save an endangered property.
A local developer is working on plans to save the vacant 10-story Illinois Building, considered in recent years as one of the state’s most endangered historic…
A 10-story downtown building that’s been vacant more than five years and labeled one of the state’s most endangered historic structures soon may see new life. Local developer Halakar Properties Inc. has put the Illinois Building under contract, and has been meeting with city officials about a tax abatement that could help return retail space […]
A local homebuilder is pressing forward with plans to build a “green” residential development in Zionsville, despite the troubled economy. Kai Yu of Kai Yu Home Builders LLC is planning to build 22 custom, single-family homes priced between $500,000 and $1 million on nearly 18 acres of land along Turkey Foot Road, five miles north […]
Indianapolis has entered into a partnership with Holladay Properties in which the developer will construct nine distribution-type buildings at its AmeriPlex Business Park on the city’s west side in exchange for tax incentives. Mayor Greg Ballard made the announcement this morning at a Greater Indianapolis Progress Committee board meeting at WellPoint Inc.’s downtown headquarters. The […]
MD Logistics has completed a coldstorage facility for pharmaceutical products in its hometown of Plainfield.
Mayor Greg Ballard announced yesterday the creation of a city office that will combine civil licensing and permitting functions into one entity. The Office of Code Enforcement is part of an effort to make Indianapolis safer and more livable by better enforcing environmental and other quality-of-life-related laws, the mayor said. “From the outset, I’ve been […]
Hotel toiletries maker Gilchrist & Soames said today it plans to spend $3 million to expand its Indianapolis headquarters and manufacturing operations, creating more than 40 jobs by 2014. The company, purchased by San Francisco-based private equity firm Swander Pace Capital for $51 million in 2007, supplies bath and body products to luxury hotels and […]
Chain system manufacturer Iwis Drive Systems LLC today said it will expand and relocate its Indianapolis operation, adding 40 employees to its roster of 18. A subsidiary of the Germany-based Iwis Group, the company plans to invest more than $1.5 million to upgrade equipment and move from its current facility near the Indianapolis airport to […]
Property tax abatements granted by the city of Indianapolis last year should help create more jobs than in each of the previous three years. Numbers released by the city for 2008 show companies receiving abatements committed to 2,423 new jobs. Among the projects: – AIT Laboratories plans to create more than 130 jobs in the […]
