Auto enthusiasts pay $200K+ for customizable condos for their cars
The desire to connect with people who are passionate about anything with wheels and a motor led entrepreneur Jay Farmer to open Motor District Garage Condos in Westfield.
Commercial Real Estate
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Fishers breaks ground on $8.8 million development near Nickel Plate Trail
The Techway project includes a new two-story regional headquarters for Fairway Independent Mortgage Corp. and the rehabilitation of an existing single-story office building for Rebar Development.
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Lauth finalizes purchase of Ford Visteon site, with plans for 2M-square-foot industrial park
Carmel-based developer Lauth Group Inc. said Wednesday it has acquired the former Ford Visteon campus on the east side of Indianapolis and is moving ahead with plans for a $175 million, multi-tenant industrial park on the site.
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Emmis founder: ‘Never say never’ on sale of Monument Circle HQ
Jeff Smulyan, chairman, CEO and founder of Emmis, said the company is weighing all its options for what could be done with the prominent downtown property.
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Collegiate sports gear focus of new stores launched by Lids
A Lids University store selling apparel associated with Indiana schools is planned for Castleton Square mall.
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Articles
Fast-growing trampoline-park chain springs into Indy area, seeking new sites
Altitude Trampoline Park is looking for spaces that are at least 25,000 square feet, with 18-foot ceilings or taller, and is open to taking anchor spots in shopping centers.
Developer Bob Borns, who renovated Union Station in 1980s, dies at 86
Borns, a consummate salesman and outspoken advocate for Indianapolis, built his first project in the 1960s and by the 1980s was developing high-profile downtown projects.
Construction industry looks to youth to fix labor shortage
Experts predict the state will need more than 275,000 additional workers by 2026.
City presents concepts for Henry Street bridge connecting Elanco, downtown
The Henry Street bridge would accommodate both cars and pedestrians and is a key component in the city’s infrastructure-heavy incentive package to bring Greenfield-based Elanco downtown.
Nevada-based logistics firm plans $28M Midwest HQ expansion in Whitestown
ITS Logistics LLC plans to expand its Midwest headquarters in Whitestown by 1.4 million square feet, growing its campus to more than 2 million square feet with 350 employees by 2024.
Merger gives Kite Realty Group Trust post-pandemic strength
President and COO Tom McGowan is at the forefront of major shifts for the local real estate firm, which has significant projects on tap in central Indiana.
Chicken tenders chain Slim Chickens planning at least 5 restaurants in central Indiana
Slim Chickens, which offers a menu that includes chicken tenders, wings, sandwiches, wraps, chicken and waffles, and salads, has about 150 restaurants in at least 29 states, plus the United Kingdom and Kuwait.
Experts say shopping malls face tough balance to maintain safety
Experts say shopping center landlords have adopted extensive safety measures over the years to try to prevent mass casualty events, but going overboard with security can discourage business.
Q&A with Cebronica Luft, founder of 317 Events and co-founder/partner of The Pavilion at Pan Am Plaza
Cebronica Luft is founder of 317 Events and co-founder/partner of The Pavilion at Pan Am Plaza. She and her partners at The Pavilion have recently opened a coffee shop nearby, at 201 N. Capitol Ave., called Pulse Coffee and have taken over operations of the bar at the AMP at 16 Tech, renaming it “The […]
In hybrid schedules, Fridays in the office are increasingly lonely
The last day of the workweek, once synonymous with long lunches and early departures, has become the most common day to skip the office altogether.
Steak n Shake owner plans $3M rooftop tavern next to Fieldhouse
Sardar Biglari expects to spend at least $3 million to renovate the historic C.A. Schrader building’s top floor and construct an addition to the neighboring structure.
Lebanon City Council approves annexation of property for high-tech development
Nearly three dozen individuals and companies who own more than 1,400 acres over 56 parcels submitted petitions last month to have their properties added to the city of Lebanon.
Q&A: Rolls-Royce exec on $8M redesign of Indy offices
Tom Bell learned that his team of skilled workers in Indianapolis could digitally show how the Rolls-Royce engine would integrate in to the U.S. Air Force B-52 aircraft—all while working remotely.
Engineering firm expanding in downtown Indy
HNTB Corp. has expanded its space in Salesforce Tower on Monument Circle and plans to add 40 workers, it announced Wednesday.
New residential projects planned for Westfield’s Grand Park Village
The three proposed projects would add 471 living units to the 220-acre development south of Grand Park Sports Campus.
Keystone Group acquires two industrial buildings in downtown Carmel
The buildings are south of The Center for the Performing Arts on a 5.4-acre property at the northeast corner of Gradle Drive and 3rd Avenue Southwest.
IBJ Podcast: What lies beneath downtown’s Diamond Chain site?
Of course, there are the usual concerns about environmental impacts that come with any industrial site. But this particular spot—now earmarked for the Indy Eleven’s 20,000-seat stadium—was also the city’s first burial ground.
Potential Kohl’s sale falls apart in shaky retail environment
Kohl’s shares tumbled as much as 20%, to $28.50 each, Friday morning, their biggest drop since March 2020. The stock had already fallen 28% so far this year through Thursday’s close.
Oriental Inn calls its quits after 37 years in business
The owners of the east-side restaurant, which has been shut down since mid-November due to a kitchen fire, have decided to make the closure permanent.