The U.S. economy expanded at a sluggish 1.1 percent pace this spring as businesses sharply reduced their stockpiles of goods and spent less on new buildings and equipment.
Heather Ramsey was just looking for a place where her young vocal students could perform for their parents and grandparents when she leased a 60-year-old former machine shop in Carmel’s Arts & Design District. Now, it’s one of the region’s hottest places to see seasoned recording artists perform intimate shows.
The parent company of National Wine & Spirits, has applied to the city for a property-tax abatement on the project that will save it an estimated $335,243 over the eight-year abatement period.
The Indianapolis Museum of Contemporary Art plans to move out of its headquarters gallery in the Murphy Arts Center by the end of the year to make room for an expansion of bar and music venue Hi-Fi and other building renovations.
Earlier this year, the Hamilton County Commissioners put the project at the top of their priority list for capital expenses, but several members of the Hamilton County Council were hesitant to support a $12 million expansion.
Avept Inc., a distributor of powersports and automotive parts, said it will spend $6.3 million to buy, renovate and equip a 100,000-square-foot building in the Hendricks County community.
Indiana Landmarks says it’s keen to save the Washington Street property because it has a leaky roof that is causing mold to grow inside the building which, left unchecked, can cause major damage.
Of the three local sites on the Indiana Landmarks list of 10 Most Endangered buildings, the Rivoli Theatre at 3155 E. 10th St. is in the poorest condition by far. This is its second year on the list.
Now that Cannon Ball Brewing is close to opening in the suddenly hot area, Reveal Properties is beginning to renovate an adjacent building on Bellefontaine Street for office and restaurant use.
The Convivial Community Bar—slated to open in spring 2017—will be on the south end of the complex with a patio along East 10th Street, just off the Pogue’s Run Trail.
The Indiana State Museum and Historic Sites plans to pump more than $10 million into the Indianapolis museum in White River State Park and more than $7 million into 11 historic sites it manages around the state.
