Pedcor Companies plans to spend $50 million to develop its City Heights project, which will target individuals and families making up to 60% of the area’s median income.
IBJ Podcast: Martha Hoover (Part 2 of 2) on how the restaurant industry is broken
Hoover—known for restaurants including Cafe Patachou, Public Greens and Napolese—tells host Mason King that the industry has historically put too much emphasis on quantity and price at the expense of quality, as well as the people making the food.Read More
Under-the-radar developer poised to redefine Lafayette Square neighborhood
Fabio de la Cruz has a plan to transform Lafayette Square Mall and several adjacent properties into a multicultural hub, including a concert center, movie theater, hotel and multifamily housing.Read More
Tech firm adding coworking space as part of $27M refresh to former Marsh HQ
Knowledge Services Inc. acquired the five-story building at 9800 Crosspoint Boulevard—west of I-69 and north of 96th Street—in March 2020 for about $9 million.Read More
Eight firms team up on $100M project along Monon Trail with housing, grocery, other retail
Located in the long-struggling Martindale Brightwood neighborhood, the expansive Monon 30 project in part would be intended to boost an area now littered with the remnants of past industrial uses.Read More
Totaling 331 units, the apartment complexes are located in Meridian-Kessler, Fountain Square and downtown.
A Carmel-based development firm plans to spend $70 million or more to turn agricultural fields in Noblesville into the site of three industrial buildings called Saxony Industrial Center.
Plans for the shopping center property call for a new name and multiple new uses, including apartments, hotel, sports facilities, concert center, a police station and a public trail and canal.
Loftus Robinson confirmed plans this week to give up development rights to the unfinished Wilshaw hotel project in Speedway after numerous delays, but company Principal Drew Loftus said the firm’s redevelopment plan for a tower in downtown Indianapolis is still on.
The national fast-casual salad chain is in expansion mode as it prepares to become a public company. Filings with the state show that it’s also considering a downtown Indianapolis location.
A Georgia-based development firm said Monday it hopes to take the reins of the Wilshaw hotel project across from Indianapolis Motor Speedway, with hopes of completing construction by early 2023.
Throughout its short tenure, the 139-room boutique hotel has managed to snag locals and out-of-town visitors through its connection to the larger Bottleworks District.
The 195-unit Meridian Towers Apartments on the near-north side of Indianapolis has been sold to an out-of-state development partnership that plans to renovate the property.
The second phase alone is likely to take about three years to build, with construction commencing in mid-2022 at a tentative cost of nearly $100 million. The total project cost is expected to push $300 million.
The restaurant specializing in meatballs blamed the pandemic for “significantly decreased sales” at the location at 12505 Old Meridian St. that have not returned to pre-COVID levels.
Plans call for the 1st On Main development—previously known as Lot One—to include a four-story office building with first-floor restaurant space and a private rooftop terrace, luxury condominiums, upscale apartment units and a parking garage.
Local developer Onyx+East is seeking city approval for the project at 2060 Yandes St., which is expected to feature nearly 50 townhouses and four single-family units.
The 708,000-square-foot Indy South Logistics Center will be constructed at 955 N. Graham Road, just east of Interstate 65 and south of County Line Road.
Indianapolis-based Landmark Properties plans to buy the five-story Center Township Trustee’s building, with an eye toward office and first-floor retail uses.
The development at 22nd Street would keep rents low for tenants while providing nearly free space for initiatives focusing on career building, mental health and substance abuse.
Developer Thompson Thrift, which began planning the $110 million development in 2015, sold the property in a deal that brokers said “attracted nationwide investor interest and achieved record-breaking pricing.”
The company, which entered the market in 2020 by opening coworking centers in Broad Ripple and Noblesville, announced formal plans Wednesday to open additional Indianapolis-area centers—in Martindale-Brightwood, Carmel, downtown Indianapolis and Zionsville.
Expected to be a key component of 16 Tech’s live-work vision, the apartment project will include a mix of studios and one- and two-bedroom units.