The owner of a historic downtown office building that's being redeveloped into a hotel is seeking city approval to build a towering addition that would replace most of an adjacent 96-year-old building.
An Indianapolis-based company that launches tech firms said Thursday it would move its office from the 14th floor of the historic Circle Tower on Monument Circle to the Bottleworks District in summer 2020.
Keystone Realty Group’s plan to spend $141 million on two high-profile downtown redevelopment projects passed a hurdle Monday night as an Indianapolis City-County council committee unanimously approved $16.7 million in financing to help fund the project.
Keystone Realty Group is in line to receive financing help from the city for an ambitious plan that would overhaul two nearly vacant office properties near Monument Circle and bring a prestigious Intercontinental Hotel to Indianapolis.
The two businesses closed this spring, but a new owner has purchased both shops and is reopening them under one name in the 96-year-old Irvington Masonic Lodge property, which also recently changed ownership.