Arena, city hall among Fishers projects expected to be completed in 2024
The city will have new places to stay overnight and watch a hockey game. Fishers city government will move into a new home, and so will an Italy-based manufacturer.
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Top Indianapolis development projects to watch in 2024
While most projects, such as Indiana University Health’s new hospital, Old City Hall and Pan Am Plaza, are efforts that will take years to come to fruition, other developments will begin to see substantive movement in the new year.
SEC accuses retail centers’ owner of fraud
The founder of an Arizona real estate company with scores of retail centers across the country—including seven in the Indianapolis area with a total of nearly 500,000 square feet—is facing federal allegations that he committed a $35 million fraud.
Hogsett says mall redevelopment among downtown’s most significant wins
The mall redevelopment is not the largest downtown project in terms of cost. But it will elevate a vast and critical piece of real estate as more than $9 billion in other downtown projects are slated to come to completion over the next decade.
Cafe, gathering space planned for historic Danish church in Fletcher Place
The founders of Lille Bonne envision it as a coffee shop, as well as a venue for yoga classes, art classes, live music, speaking events and private meetings.
Alabama firm buys Keystone, Greenwood shopping centers for $27.5M, seeks more upscale targets
The company’s primary investment focus is unanchored shopping centers located in more affluent areas of major cities. Its founder sees Indianapolis “as one of the most attractive cities in the Midwest.”
Indy’s retail real estate market is bouncing back after pandemic
Indianapolis-area brokers are bullish on the future of the local retail sector as occupancy rates grow in the aftermath of the pandemic and demand for space outstrips supply in some suburbs.
Irvington Plaza redevelopment project moves forward after planning delay
The approval of a new plat map for the nearly 16-acre property in the 6200 block of East Washington Street comes as California-based developer Tallen Capital Partners LLC begins the process of developing a new master plan for the site.
High-end Proscenium apartment property in Carmel changes hands
A 196-unit mixed-use apartment and retail development in Carmel has been sold in a deal brokers called one of the most notable—and complex—sales of the year in the metropolitan area.
Drake apartments property receives five proposals for reuse
The Department of Metropolitan Development in August issued a request for proposals for updating the long-vacant, city-owned building at 3600 N. Meridian St.
City board to consider new taxing district for Eleven Park stadium
The taxing district, known as a professional sports development area, or PSDA, would allow for the collection of various taxes to cover a portion of the cost for the 20,000-seat stadium.
Gray Brothers Cafeteria seeking franchisees for carry-out locations
The family-owned Mooresville restaurant that has become synonymous with comfort food in central Indiana wants to branch out into franchising. It projects startup costs for carry-out locations to be between $391,000 and $738,000.
Seafood arrives swiftly at Broad Ripple’s new Bardales market
Bardales Seafood was founded last year as a wholesale supplier to central Indiana restaurants. The business opened a Broad Ripple shop earlier this month to sell specialty fish to the public.
Alamo Drafthouse cinema chain to open first Indiana multiplex near Lafayette Square Mall
Renovations to the former Georgetown 14 Cinema are expected to cost $15 million as part of an operating agreement the dine-in theater chain has reached with building owner Fabio de la Cruz.
Three historic buildings near Monument Circle sold to Chicago-area firm
The connected buildings contain 161,500 square feet of office space, which is all leased to the Indiana Department of Health.
Creative agency plans move to historic Lockerbie building
Indianapolis marketing and communications agency Well Done Marketing plans to move to a building constructed in 1861 that was once home to businesses operated by well-known interior designer and historic preservationist Sallie Rowland.
Loco’s owners plan restaurants in Cummins building, former BrewDog site
Loco Restaurant Group Inc. is branching out to a quick-service concept, plus an eatery focused on American cuisine.
Local investors plan to revamp dilapidated College Avenue building
As proposed, the project would consist of street-level commercial spaces and upscale three-bedroom, three-bathroom apartments on the second floor.
Popular convenience stores planning Indiana debuts
Popular East Coast chain Wawa and Missouri-based Wally’s travel centers are both planning Indiana locations.
Bank of America continues expansion in Indianapolis market
North Carolina-based Bank of America has opened 19 area branches since entering the Indianapolis market in 2017, including a new one in Carmel. It plans to open at least three more by 2025.