Culver’s to open first downtown Indianapolis location
This Culver’s will be a rarity for the Wisconsin-based chain because it won’t be in a stand-alone building and it won’t offer drive-thru service.
Commercial Real Estate
New state law prevents city from fining violators of utility reporting ordinance
Under a new state law, Indianapolis will not be allowed to fine building owners for failing to report utility data as part of a sustainability-focused initiative.
Buckingham planning four-floor, $11M office building across from Central Library
Rdoor Housing Corp. is expected to be the primary tenant for the structure at 817 N. Pennsylvania St., which also would have a street-level bank branch.
Proposed $10.5B deal would create national self-storage giant
The deal, if approved, would combine the largest and the fourth-largest U.S. self-storage companies by market capitalization.
IndyGo Blue Line vision clashes with entrenched land uses on West Washington Street
A transit-oriented zoning overlay designation seeks to limit car-focused uses along the corridor, but the street is crowded with used car lots, auto repair shops and tire stores.
Cincinnati-based Messer Construction is focused on steady growth in Indy
Indianapolis is home to the construction management and general contracting firm’s second-largest office, after its corporate headquarters in Cincinnati.
Simon family company sues former nightclub owner for failing to remove property after lease default
Revel Bar Indy LLC, which owns Invy Nightclub, was a tenant of the building’s previous owner, according to court records, but its lease ended July 20, 2025.
Restaurant takes over Fountain Square spot known for Pioneer, Deano’s Vino
The owner of Bovaconti coffee shops is partnering with the former director of operations for bygone Carmel restaurant Tre to open a new Italian restaurant.
Decatur Township data center receives initial OK despite neighbors’ protests
An Indianapolis planning official on Thursday recommended approval for a zoning modification that would allow developers to proceed with the 250-megawatt, two-building facility on a 130-acre site
Hotel Tango sells its tasting room, event center businesses
The majority owners of Mooresville-based Black Dog Brewing Co. purchased Hotel Tango’s locations in Fletcher Place.
Circle Tower acquired en route to AC by Marriott hotel conversion
The revamp of the historic, Art Deco building likely will begin by August, with completion set for 2027.
UPDATE: Martin University puts Indianapolis campus up for sale
A Martin University spokesperson told IBJ that proceeds from the sale of university assets “will be applied toward outstanding obligations, including past debts and employee payroll.”
Large package of farmland hitting auction block near Lebanon’s LEAP District
The largely agricultural area has been in the spotlight for several years since state economic development officials began assembling thousands of acres of land for the district.
Simon Property Group’s investments pay off
The real estate investment trust bettered Wall Street expectations in 2025, thanks to increases in the rent it charges retailers and the increasing numbers of shoppers and higher sales figures across its 254 properties.
UPDATE: Despite opposition from councilors and neighbors, Martindale-Brightwood data center gets initial OK
The Metropolitan Development Commission hearing examiner’s approval of Los Angeles-based Metrobloks’ rezoning request came despite strong opposition from Martindale-Brightwood residents and some members of the City-County Council.
COhatch facing eviction as Circle Centre owner alleges missed payments
A representative for COhatch Indy said the company hopes to resolve its dispute with with Hendricks Commercial Properties imminently.
ICE plans Carmel office as immigration enforcement efforts ramp up
The federal agency is reportedly eyeing an office space near Interstate 465 and U.S. 31.
Local developer eyes revamp of Broad Ripple funeral home site to apartments
The project would be something of a cousin to The Ripple, a 36-unit apartment and retail development that opened in 2020 across Broad Ripple Avenue.
City disputes Chuck Surack’s claims that MLS effort is dead
Surack told Fox 59/CBS 4 over the weekend that in 2025 he was told by those involved in the effort that the stadium plan was no longer moving forward. He said he heard similar remarks from city hall.
Q&A: Radio Shack sale led to a career in construction industry
Adam Campagna’s work in central Indiana’s construction industry has shifted from creating partnerships for vertical construction projects to those focused specifically on infrastructure.