Officials are taking a fresh, hard look at municipal-owned real estate as part of a larger effort to repurpose several sites that will be largely vacated as agencies move to the Community Justice Campus.
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The new owner plans to make a significant investment in improvements that likely will drive up rents that have languished of late.
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The brewery space will feature a 1,200-square-foot taproom with seating for up to 50 people and a 3.5-barrel brewing system.
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The acquisition by Felton Properties, which equals about $164 per square foot, marks the Oregon-based firm’s first venture into the Indianapolis market.
Read MoreIndianapolis-based Cornerstone Cos. Inc. said it teamed with the New York City-based global investment giant to acquire and develop more than $1 billion in real estate assets over the next few years. The deal includes the recapitalization of 25 Cornerstone properties.
Portia Bailey-Bernard of the Indy Chamber says projects like the $60 million redevelopment of the Stutz business campus and the expansion of IU Health’s downtown campus will help reshape the northern portion of downtown.
Plans call for the updated Stutz, purchased earlier this year by New York-based SomeraRoad Inc., to feature new event areas, co-working space, more retail and restaurant offerings, new outdoor spaces and an updated facade.
If Allies Collective chooses Zionsville, and the commission enters into a project agreement, the headquarters could create as many as 150 jobs paying an average of $41 per hour over the next six years.
This will be the first Indiana location for Pickleman’s, a Missouri-based chain with 24 locations. The local franchisees plan to open a total of four Indianapolis-area stores over the next four years.
Indianapolis-based Landmark Properties Inc. is in the early stages of a redeveloping the Meridian North retail and office center, but its plans are already meeting some resistance from neighboring residents.
The real estate investor and racing enthusiast has closed a deal with former IndyCar driver Sarah Fisher and her husband that will help them to continue growing their karting business.
It first closed in March 2020 at the beginning of the pandemic and didn’t reopen until March of this year, in advance of the NCAA’s men’s basketball tournament, which took place mostly in Indianapolis.
Indianapolis-based Kite Realty Group Trust this week upgraded its outlook for the rest of 2021 after beating industry expectations with its second-quarter financial performance.
The owner of several buildings across Massachusetts Avenue from Bottleworks plans to redevelop the property in a similar but limited fashion with courtyards, residential units and new office and retail space.
Expected to debut by the end of September, The Beerded Swine is intended to be a sister shop to The Savory Swine in downtown Columbus.
Indianapolis-based Simon Property Group Inc.—the largest owner of shopping malls in the United States—on Monday reported second quarter financial results that exceeded analyst expectations.
But the real estate investment trust might also face pushback from investors, largely because the acquisition follows five years of offloading dozens of debt-heavy properties.
The liberal arts school is taking a comprehensive look at its campus on the northeast side with an eye toward making it safer, streamlining traffic flow and anticipating future needs.
The 112-store chain sells gear for hunting, fishing, boating, camping and other outdoor activities. The Indy-area store will be the its second Indiana location.
The development, called 1202, would feature 105 units on a 1.1-acre parcel on the near-south side, with at least one-fifth of the units reserved for individuals making up to 80% of the area’s median income.
A firm that specializes in real estate anchored by groceries has closed on the purchase a 104,678-square-foot shopping center dominated by a Kroger supermarket.
The combination of Indianapolis-based Kite Realty Group Trust and Oak Brook, Illinois-based Retail Properties of America Inc. will create a company worth $7.5 billion that will continue to operate under the Kite name.
Indiana Landmarks, a statewide preservation group, and the Indiana War Memorials Commission is hosting the Indy Downtown Safari on July 31.
The outpost near the heart of Fountain Square’s business district would be the second-largest of 19 stores in the chain. Two local groups have opposed it, and its hearing for a state liquor permit is set for next month.
