2026 Innovation Issue: Monument Circle shines bright, but therein lies opportunity again
What a difference a decade (and a pandemic and a complete rethink of the utility of office-based work) makes.
Commercial Real Estate
Investment fund led by IU students raises $7.8M
Sample Gates Management, an investment fund managed by undergraduates at IU’s Kelley School of Business, recently raised $7.8 million to close its second real estate investment fund.
Kite Realty eyes sale of Glendale Town Center
Indianapolis-based Kite Realty Group has owned Glendale Town Center since it acquired the shopping center then known as Glendale Mall for $20 million in 1999.
Ole Red restaurant, entertainment venue planned for Meridian Street
The project is a partnership between property owner Boxcar Development LLC — a firm controlled by the Herb Simon family — and Nashville-based Opry Entertainment Group.
Construction on $50M apartment project near fairgrounds to begin in May
Junction at Fall Creek is expected to consist entirely of units for individuals and families making up to 60% of the area median income.
Root & Bone restaurant announces plans to close
The restaurant’s management shared the news on social media Monday.
26,000-square-foot grocery store planned for The Farm in Zionsville
Developer Steve Pittman told the plan commission that a development plan had been approved for a 60,000-square-foot Fresh Fare by Kroger store, but the plan changed to a smaller grocery store.
Broad Ripple advocacy initiative recommends 4 development ideas
A public-private initiative offered four development ideas at the edges of Broad Ripple’s business district.
Mouratoglou center aims to add prestige to tennis scene
In the biggest tennis facility news in central Indiana since the Indianapolis Tennis Center stadium closed in 2010, Mouratoglou Tennis Centers announced plans last month to open a location in Noblesville.
Old City Hall project scrapped after city tires of waiting
The city of Indianapolis is going back to the drawing board — again — on its efforts to revitalize Old City Hall after walking away from a long-stalled deal.
Atlanta company wants to build data center at east-side Thunderbird site
The property is zoned I-3, intended for heavy industrial use, which does not support building a data center.
Data center debate often splits officials, residents
Projects that check certain boxes and bring in community investment are winning favor from economic development officials and city leaders but haven’t found footing among passionate, organized communities.
9 downtown projects that should (mostly) be ready for the city’s next Final Four events
Fans could have new places to stay and new things to see when the NCAA brings its marquee basketball championships back to Indianapolis in 2028 and 2029.
Direct Connect moves headquarters to historic Gibson Building
The logistics firm took occupancy of 25,000 square feet in the building on April 1 after subleasing space in Circle Centre Mall since 2022.
Restaurant, entertainment venue proposed for Whitestown
Plans for the development, estimated to cost about $3.5 million, include a 4,000-square-foot restaurant and entertainment spaces featuring duckpin bowling and golf simulators.
Franklin distillery owner views bigger location with full restaurant as tourist destination
Haberdasher Artisan Distillery will take over the former location of Richard’s Brick Oven Pizza on South Main Street in Franklin.
BSA LifeStructures grows by keeping focus on strengths
CEO Tim Spence says the design firm does not stray from its core industries of health care, higher education and scientific research. In BSA lingo, that’s healing, learning and discovery.
Indy commission approves data center in Martindale-Brightwood
The startup plans to spend $500 million to build a data center on a 13.68-acre parcel at 2505 Sherman Drive.
New building proposed in Meridian-Kessler by owners of neighboring Twenty Tap
The project would bring an entirely new structure to the roughly quarter-acre site, most recently home to Airmaster Heating and Cooling.
Credit union selling former south-side HQ property
Indiana Members Credit Union, which moved its headquarters to Bottleworks District earlier this year, is selling a portion of its former south-side campus on Madison Avenue.