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.
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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.
Owners of east-side industrial park seeking $8.8M tax break on $125M expansion
The project would fill out the rest of the available land in Thunderbird Commerce Park, which is situated on the former site of the Ford Visteon Plant.
City to consider $18M bailout loan to keep delayed Gold Building redevelopment afloat
The Gold Building conversion at 151 N. Delaware St. is expected to replace 400,000 square feet of office space with more than 350 apartments and nearly 8,000 square feet of ground-floor retail.
Plastic container manufacturer to employ 56 workers in Whitestown
Members of the Whitestown Town Council unanimously approved a personal property tax abatement for Ring Container Technologies, which plans to invest $77 million in an existing warehouse.
City-County Council votes for public hearing to review Google’s billion-dollar data center plan
The vote, initiated by Republican Councilor Michael-Paul Hart, sets a Sept. 22 public hearing before the full council to review rezoning of 467 acres for Google’s proposed project.
Crane bay structure at former GM stamping plant site under demolition, plans for event pavilion scrapped
Retention of the crane bay structure had long been considered an integral part of the stamping plant redevelopment by neighbors and city leaders.
State’s exit from GM site ownership signals new economic development approach
“The governor has been very clear: We’re just not in the land development business, and it’s not a core competency,” Commerce Secretary David Adams told IBJ.
Four years after first proposed, Monon 30 has one building open
Four years after the project was first proposed, the group is still submitting and altering plans for the rest of the project on several former industrial properties along the Monon Trail.
Q&A: Distressed property broker and Deadhead seeks levity in tough deals
After more than 30 years in the commercial real estate industry, Jon Hardy has launched his own specialized company focused on helping investors acquire properties in need of care.
Downtown building owners plan $30M apartment, parking garage project
The proposal calls for demolition of the 21 Virginia Ave. building—formerly home to the 500 Festival organization—and replacing it with a nine-story building.
Westfield set to unveil master plan for downtown next month
The plan, being developed through a partnership between the city and a to-be-identified urban planner, is expected to be made public in the coming weeks, Mayor Scott Willis said Wednesday during an IBJ real estate event.
City commission gives initial OK to Google’s billion-dollar data center plan
The tech giant’s plan to develop the massive data center in Franklin Township was bolstered by a city commission’s vote Wednesday to grant preliminary approval to the company’s request to rezone nearly 470 acres for the project.
Google confirms its involvement in proposed Franklin Township data center
Until now, the entity behind a proposed $1 billion data center campus off of South Post Road has been known only as Deep Meadow Ventures LLC.
Indy officials to weigh rezoning request for planned data center project
The Metropolitan Development Commission also will consider granting a tax break for the first building planned for the complex, which has an estimated cost of $314 million.
Developers planning $88M active-adult apartment project in Carmel
Plans call for a five-story building with 210 age-restricted apartments, 12,000 square feet of amenity space, a 356-space parking garage and a 1.54-acre park and trail dedicated to veterans of the United States military.
More than 300 apartments planned for property at 46th and Monon Trail
The project would consist of workforce units—those priced to accommodate residents making 80% to 120% of the area’s median income—as well as lower-income and market-rate units.