Brothers writing new chapter for 106-year-old building in Garfield Park
Siblings Phil and Joel Kirk want to be part of the commercial comeback of the Garfield Park neighborhood southwest of Fountain Square.
Commercial Real Estate
Articles
Raising Cane’s raises Cain over lease that bans chicken fingers
Raising Cane’s filed a lawsuit against the Indiana shopping center’s owner, Schottenstein Property Group, alleging fraud and saying the would-be landlord failed to disclose the existence of the chicken ban.
Appeals court upholds law that lets charter schools buy buildings for $1
The appeals court agreed with a lower court that the school corporations are prohibited from pursuing “takings clause claims,” which can prevent private property from being taken for public use without just compensation.
Morrell Group opens facility in new Noblesville biz park
Morrell Group, which says it outgrew its location in Indianapolis, is occupying about 32,000 square feet and will employ 33 people.
Luxury developer plans nearly 300 apartments on site of former entertainment center
The plans from Edward Rose & Sons call for demolition of the 54,500-square-foot Main Event entertainment complex, which opened in mid-2017 in the Lake Clearwater area.
Most hotels planned for downtown still in works, but progress slow
Five of 20 downtown hotel projects announced before the pandemic have opened. But few of the remaining 15 have made substantive progress, despite a strong rebound in the district’s hotel occupancy rates.
TWG planning apartments on former bakery site east of downtown
TWG Development expects to spend $56.5 million to build Bakery Living, a six-story, 201-unit apartment project at 1331 E. Washington St., just east of its redevelopment of a Ford Motor Co. assembly plant.
BJ’s Wholesale Club planning second Hamilton County store
After opening its first Indiana store late last month in Noblesville, the Massachusetts-based shopping club chain has filed plans to build another store in Hamilton County.
Three transit-oriented projects in line for city financing incentives
The Indianapolis City-County Council and Metropolitan and Economic Development Committee are considering tax-increment financing for three apartment developments that prioritize access to transit.
Nickel Plate Arts considering former hardware building in Noblesville as space for artists
The not-for-profit organization is looking into using the 134-year-old Lacy Building at 848 Logan St. for artist studio spaces, workshops, classrooms and event space.
Keystone planning $70M, 248-unit apartment complex in Fort Ben area
The Fort Harrison Reuse Authority has offered a 3.8-acre parcel of land to developer Keystone Group for $10 as an incentive to go ahead with the project.
Q&A with Jason Foltz, a farmer plowing new ground with historic building
Foltz and his friend Rob Nolley purchased Blessing’s Opera House, a four-story building built in 1869 on Shelbyville’s Public Square, and are developing one of its floors into an event center.
Logistics company to move into Circle Centre Mall space
Direct Connect has about 250 employees based in Indianapolis, with plans to hire an additional 150 workers by the end of 2023.
Real estate brokerage tabs new market director for Indianapolis
Kimber Kinsley joins CBRE from Diageo, a global alcoholic beverage conglomerate, where she worked as a sales analytics manager with a focus on increasing revenue by limiting risks.
Mass Ave cocktail bar planned at former Libertine site
The husband-and-wife team of Dan and Anna Cage will add the bar, called Nowhere Special, to a portfolio that includes Broad Ripple restaurant Ambrosia, Fall Creek Place restaurant Bocca and Fountain Square speakeasy Commodore.
Carmel announces plans for $100M first phase of redevelopment at Monon Square
The Monon Square North project at East 126th Street and South Rangeline Road is expected to include housing, office space and retail space, restaurants and parking.
Last days of Duke: Developer, jobs set to dissolve with acquisition’s approval
Duke Realty Corp.’s legacy will linger beyond its pending $26 billion all-stock acquisition by industrial-sector behemoth Prologis Inc., expected to close early next month.
Pedcor planning $700M mixed-use development at 111th and Pennsylvania in Carmel
The 38-acre development would include multifamily housing, attached townhouses, 430,000 square feet of retail and office space, public outdoor space and public parking garages.
New 8,500-seat arena for Indy Fuel part of $650M Fishers District expansion plan
Fishers officials on Wednesday announced a $650 million expansion plan for Fishers District that includes the arena, a new event center, residential and lodging developments, and entertainment and dining options.
City incentives still in the works for Jail II redevelopment
The developer behind the proposed revamp of the former Jail II and Arrestee Processing Center facilities on the eastern edge of downtown Indianapolis said he expects city incentives for the project to be secured by the end of this year.