UPDATE: Indianapolis Star to relocate downtown office
The newspaper’s offices have been located in Circle Centre Mall since late 2014, when it spent $10 million to overhaul the former Nordstrom store space.
Commercial Real Estate
-
Simon family firm eyes Ritz-Carlton hotel for downtown development
The 170-room hotel would occupy the southwest corner of Georgia and Pennsylvania streets and feature a skywalk connector to the club level of Gainbridge Fieldhouse.
Read More -
Kimpton developer eyes late 2026 opening for $110M downtown hotel
The 18-story Kimpton has been in the works since late 2017, with its price tag almost doubling from the original $57 million planned investment.
Read More -
Owner of downtown’s Landmark Center office tower facing foreclosure
The tower is the city’s 10th-largest downtown office complex, according to IBJ research. Its two largest tenants are IU Health and Volunteers of America.
Read More -
Telecom company plans data center near Township Line Road on Indy’s north side
The single-story data center, which would use a relatively modest 4 megawatts of power, would be located on a largely wooded property that already includes a 1,000-foot broadcast tower.
Read More
Articles
Tax consulting firm moving to Keystone at the Crossing amid park’s $35M overhaul
DuCharme, McMillen & Associates Inc. will occupy slightly more than one-half of its Keystone at the Crossing building when it moves there next year.
Attorney general sues over health code violations at massive Castleton apartment complex
The landlords of a 1,261-unit apartment complex that has twice been sold at state record prices are accused of endangering tenants by failing to address unsafe conditions.
Real estate firm announces plan to turn Carmel’s Hamilton Crossing into mixed-use development
GSR Development plans to incorporate residential, retail and Class A office and hotel uses into the redevelopment of Hamilton Crossing, which is the second-largest office park along the North Meridian Corridor.
8-person brokerage team moves to Colliers from competitor
The team, led by 19-year industry veteran Matt Waggoner, has been involved in several major deals in recent years.
UPDATE: Buc-ee’s eyes Indianapolis area for first Indiana location
Multiple sources told IBJ the company has been exploring potential locations across the state for years, and it appears officials are nearing a deal. More than one location in central Indiana also is a possibility.
Plan for Zionsville’s long-vacant ‘Citgo lot’ calls for office-and-restaurant building
Jaffe Realty Co. plans to invest $12 million to redevelop the lot at 420 E. Main St., which has been empty for 14 years.
Commission signs off on city’s nearly $11M purchase of downtown heliport
The commission’s vote authorizes up to $11 million in cash from the city’s downtown tax-increment financing district to be used for the purchase.
Emagine theaters acquired by Belgium-based cinema chain
U.S. movie theater chain Emagine Entertainment, which operates a luxury multiplex at Hamilton Town Center in Noblesville, has agreed to be acquired by Belgium-based cinema chain Kinepolis
Abrupt crane bay demolition at former GM stamping plant site caught many off guard
It took only a five-line clause in the state’s August land sale to Elanco Animal Health to bring down what was left of a nearly 100-year-old crane bay along the western bank of the White River.
Is Washington Square Mall for sale? Here’s what the owner says.
Vijay Kumar Vemulapalli, principal of Washington Square owner Durga Property Holdings, said he thinks the city of Indianapolis is issuing code violations in an attempt to force him to sell the property.
Elevator Hill investors buy former Capitol City Fence property with historic building
Other new developments around the former Angie’s List campus include the purchase of a home at 1149 E. Market St. and the opening of a cafe and bake shop at 1008 E. Washington St.
Examiner recommends city deny east-side Wawa request
Joe Calderon, a Barnes & Thornburg attorney representing Wawa, told reporters that he is unsure whether Wawa will appeal.
Fast-growing Bargersville eyes $59M apartment-and-retail project near downtown
Property that formerly housed the Bargersville Flea Market could serve as an entryway for a larger mixed-use district offering restaurants, retail and residential components.
Q&A: Holladay executive brings brokerage experience to development role
South Bend-based Holladay has several other major projects underway, including Pembroke Place, the redevelopment of the former Angi Inc. headquarters, and the conversion of Circle Tower into a hotel.
Purdue plans to spend $70M for downtown Indianapolis apartment property
The market-rate apartment complex, which is almost fully leased, is a four-story, 400,000-square-foot property that occupies an entire city block.
Owner of former Chef JJ’s Downtown restaurant lists building for $2.1M
Zoning changes or modifications to the building—including demolition—would require approval from the Indianapolis Historic Preservation Commission.
Huse Culinary could temporarily move downtown restaurant during Circle Centre redevelopment
Hendricks Commercial Properties wants to build an upscale hotel where Harry & Izzy’s now operates as part of the planned $600 million redevelopment of Circle Centre over the next decade.
Arrow McLaren seeking tax breaks on $30M headquarters project
Arrow McLaren expects to make a total investment of $30 million in its new home at 7615 Zionsville Road and is seeking city and state incentives to help reduce the cost of the project.
Kentucky-based retailer to open at former east-side RoomPlace store, warehouse
Big Sandy Superstore, which sells furniture, appliances, mattresses and electronics, opened its first area store last month in Plainfield.