Stutz owner retooling plans for 275-unit apartment project
The rethought 2.4-acre Stutz II project is now expected to consist of two new structures and the reuse of an existing three-story office building.
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Senators propose federal oversight of NIL compensation, athlete health care
The College Athletes Protection & Compensation Act is only a discussion draft at this point, but notable in that both Democrats and Republicans are involved in trying to address issues that have disrupted college sports and the role of the Indianapolis-based NCAA.
Henke Development planning 350-acre, nature-focused community in Zionsville
Single-family houses at Bradley Ridge would range in price from $1 million to $3 million, while townhouses would cost $800,000 to $850,000.
IBJ Media releases Indiana 250 list of influential leaders
The list— compiled by journalists and leaders of IBJ, Indiana Lawyer and Inside INdiana Business—includes executives who are guiding our state’s largest and most important public and private companies as well as leaders in law, education, philanthropy, the arts, agriculture and more.
Greenwood council considering tax breaks for two projects
The Greenwood City Council has given preliminary approval to a tax abatement on an $8.5 million speculative office building and is considering a separate incentive agreement for a manufacturer’s expansion.
Cunningham planning bar and restaurant for North Mass redevelopment
Plans call for the restaurant and bar to occupy an 8,500-square-foot indoor space at 1351 Roosevelt Ave., with a 6,000 square-foot patio for outdoor dining.
City acquires historic Drake apartments building in $1M deal with museum
The Department of Metropolitan Development plans to convert the eight-story, 95-year-old building on North Meridian Street into affordable housing units.
SweeTies cupcake shops close in Indianapolis, Fishers
SweeTies Gourmet Treats, a cake and cupcakes business, was co-founded in 2009 by two-time Super Bowl champion Rosevelt Colvin and his wife, Tiffany Colvin.
Indy Parks to take over management of downtown’s University Park
The agreement gives Indy Parks the authority to “beautify, improve, maintain, and regulate the use of” the one-block park at 325 N. Meridian St., subject to the same rules, regulations and laws that apply to city-owned parks.
Canadian chemical firm plans recycling facility, 125 jobs in Indiana
Nova Chemicals Corp., a producer of sustainable polyethylene based in Calgary, Alberta, announced plans Tuesday to establish its first mechanical recycling facility, in Connersville, Indiana.
Sahm’s vacating longtime bar and restaurant space in Fishers
Hoss Bar & Grill, a Sahm’s Restaurant Group business that took over a spot previously occupied by Sahm’s Bar & Grill, has closed.
Top GOP gubernatorial contenders haul in donations
Three top GOP candidates for Indiana governor far outraised their fellow hopefuls in semi-annual campaign finance reports released Monday, with U.S. Sen. Mike Braun recording the largest haul.
Apartments, dance group headquarters planned for 42nd and College
In cooperation with city development officials, Midtown Indianapolis Inc. is making headway on a project to create low-cost apartments on both sides of 42nd Street, as well as retail space and a new home for Kids Dance Outreach.
Indy Jazz Fest unveils lineup featuring White River State Park finale
Sheila E., Pat Metheny and Boney James are set to perform as part of this year’s Indy Jazz Fest, scheduled Sept. 18-30 at four Indianapolis venues.
Fishers-based company to bring new life, jobs to former RCA plant
ReElement Technologies LLC plans to invest a minimum of $100 million to convert the 425,000-square-foot facility into a rare earth and battery material refinery that could eventually employ more than 300 people.
Scott Wise cites labor shortage in closure of Roots restaurant location
The longtime restaurateur said challenges related to recruiting employees and inflation factored in the recent closure of one of three Roots Burger Bar locations.
Brad Chambers to step down as secretary of commerce
His departure comes as his two-year contract with the state expires, but it still increases speculation that he is considering a run for governor in 2024.
New research shows Lilly drug slows decline in Alzheimer’s patients
If U.S. regulators approve, the drug would be only the second Alzheimer’s treatment convincingly shown to delay the mind-robbing disease—after rival Leqembi. Both drugs pose a serious safety concern—brain swelling and bleeding.
IBJ Podcast: Inside the $89M plan to turbocharge Motor Speedway’s museum
The executive director of the Indianapolis Motor Speedway Museum explains how the planned renovation will be much more than a tuneup—more like a rebuild, with a sleeker design and all the latest technology to give visitors a greater sense of being in the driver’s seat.
Lilly to spend up to $1.93 billion to acquire Boston biopharmaceutical firm
With the acquisition of Versanis Bio, Lilly is adding another promising treatment to its weight-loss drug pipeline.