The purchase marks the first downtown hotel property for MHG, which has nearly 20 other properties in central Indiana, Missouri and Florida, and nine other projects in its development pipeline.
The Indianapolis Motor Speedway Museum is amid a $64 million renovation to transform the 48-year-old building into a state-of-the-art facility that showcases the Indianapolis 500 and the evolution of IndyCar racing.
The overhaul is part of an effort to draw interest from national governing body USA Rugby, both for a potential headquarters relocation and for upcoming World Cup events.
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.
The grant replenishes United Way of Central Indiana’s Capital Projects Fund, which helps not-for-profits purchase, build, upgrade or expand their facilities to better serve their clients.
Indianapolis-based Landmark Properties Inc. has agreed to terms on a $2 million redevelopment tax credit to support the project across from Bottleworks.
The 273-room hotel’s owner is gearing up for the renovation as planning continues for an expansion of the Indiana Convention Center and construction of a connected 800-room Signia by Hilton Hotel a block to the north.
The Indianapolis-based apartment developer plans to vacate its current headquarters in the Fletcher Place neighborhood for a newly designed space that can house twice as many employees.
The percentage of small-business owners citing an increasingly uncertain economic outlook rose sharply in July, while overall optimism remains near historic lows, according to data released last week by the National Federation of Independent Business.
A pair of historic buildings along 116th Street near Nickel Plate Station are being saved, but that won’t be the case for two other old buildings in the same block that were determined to be “beyond repair.”
The project focuses on reconfiguring the men’s and women’s basketball locker rooms and player lounges, expanding the John Wooden Club area, technology updates and more efficient use of the current space.
The City-County Council on Monday saw the introduction of proposals to award developer-backed tax-increment financing bonds for a $60.8 million apartment development at the 16 Tech Innovation District, along with the $53 million redevelopment of the historic Stutz Motor Car Co. factory.
Traders Point first announced plans for its Midtown campus in January 2020, a few weeks after it closed on its $7.6 million purchase of the Marsh store east of Broad Ripple.
The 54-room east wing of Abe Martin Lodge recently reopened to visitors following the $4.5 million project by the Indiana Department of Administration and Indiana State Parks.
