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.
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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.
Purdue converting $4.5M downtown property into student center
The 27,000-square-foot, two-story building at 518-520 Indiana Ave. is being outfitted as a student center ahead of the start of the university’s fall semester.
Claire’s, once a mall destination for tweens, files for bankruptcy
Claire’s has nine locations in the Indianapolis area, including mall stores in Castleton Square, Clay Terrace, the Shops at Perry Crossing, Greenwood Park Mall and Hamilton Town Center.
Apartment project planned near Goose the Market seeks city’s OK for eco-devo designation
A local firm with plans to build a 46-unit apartment project north of downtown Indianapolis soon could have the means to request up to $2 million and change in city funds to help finance the development.
Engineering firm Egis Group merging with Chicago-based company
A construction services firm with its North American headquarters in Indianapolis is joining forces with another firm to expand its reach.
Indianapolis City Market to remain closed until at least 2028 while city irons out developer problems
City leaders are looking for a new development partner to help with the proposed $15 million overhaul of the historic Indianapolis Catacombs next to the closed City Market. The companies previously involved in the project are navigating challenges involving the nearby Gold Building and the rest of the downtown block’s redevelopment.
Developer proposes mixed-use district at Lantern Commons in Westfield
The development proposal calls for two mixed-use buildings, a restaurant building, two plazas and a dog park.
On heels of raising $400M for new acquisitions and projects, developer Ambrose Property makes raft of promotions
Ambrose recently closed on its fourth major investment fund intended to create or acquire industrial, logistics and e-commence properties across the United States.
Ready to deal: New CEO of Flaherty & Collins eager to grow firm
IBJ talked with Robert Flaherty about becoming CEO of a family company, what he learned from his dad and the company’s portfolio.
Ernst & Young set to move offices to Bottleworks
The accounting and financial services firm is moving its Indianapolis office from Monument Circle, where it has been located since the turn of the century.
Capital Improvement Board seeks to pin down soccer stadium price by early 2026
The CIB, which oversees all of downtown’s convention and sports facilities, has issued a request for proposals seeking a construction manager for the project.