Merchandise Warehouse Co. Inc. is planning an expansion and renovation of its warehouse facilities just south of downtown, allowing it to add 65 employees over the next five years.
City officials are working with an entrepreneur to turn the 950,000-square-foot building and a pair of adjacent two-story buildings into a place for high-technology businesses, manufacturing, offices, condominiums, stores and restaurants.
The $36 million rehab of Butler University’s historic venue won The Monumental Award, which recognizes excellence in city architecture, engineering and construction.
The downtown submarket recorded its strongest quarter since late 2011 by absorbing about 110,500 square feet of space, which lowered vacancy to 18.8 percent, CBRE statistics show.
Similar to its current space in the 16,000-square-foot basement of the Hamilton East Public Library, the building will include dedicated desks, private offices, open workspace, a coffee shop and about a dozen conference rooms. It will also feature a bistro with a light commercial kitchen, locker rooms with showers, a small theater, a separate entrance and classrooms for Ball State University, and a suite for Carmel-based coding academy Eleven Fifty.
IBJ asked mayoral candidates Joe Hogsett, a Democrat who is leading in contributions and key endorsements, and Chuck Brewer, a Republican small-business owner who has the support of outgoing Mayor Greg Ballard, about their approaches to hot-button topics of particular interest to the business community.
Salesforce.com appears to have scrapped plans to build its own downtown headquarters building and instead is seeking a huge block of space in an office tower to satisfy its aggressive growth plans.
Rolls-Royce Corp. is planning a wide-scale modernization of its Tibbs Avenue jet-engine plant in Indianapolis that would be part of an overall goal to invest nearly $600 million in its local operations over five years.
Station Place on South Meridian Street is listed for $10.5 million, and the Indiana University Research & Technology Corp. is accepting bids for its building on the Central Canal.
Two local not-for-profits have partnered to buy a dilapidated apartment building along the Meridian Street corridor south of 38th Street that was vacated last November due to health and safety concerns.
Indianapolis Business Journal gathered leaders in the state’s commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 10.
Minneapolis-based Onward Investors LLC has purchased the 93-year-old building on East Washington Street and is planning a major renovation. The new owner hopes to attract a restaurant to the first floor.
The 70-million-electron-volt cyclotron is being installed at Zevacor Molecular’s headquarters and production facility on Bergen Boulevard near Hamilton Town Center.
Summit Realty Group is accepting offers until Oct. 1 on the 23-unit Janus Lofts at 240 S. Meridian St. The building was redeveloped in 2003 by developer Lee Alig, who is facing numerous charges of securities fraud.
The local apartment developer has brought aboard Jason Sturman from Duke Realty Corp. to serve as chief investment officer and help guide its Midwest expansion.
The fates of several religious structures in older parts of Indianapolis, often considered architectural gems, are uncertain because dwindling congregations lack the wherewithal to keep up with escalating costs.
