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.
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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.
Carmel awaits proposals to turn former CNO Financial campus into mixed-use district
The city wants to turn more than 80 acres along U.S. 31 into a mixed-use district like those found in the city’s downtown.
Westfield City Council approves $105M Jersey 32 downtown project
The project’s plan calls for 43,000 square feet of retail space, 15,500 square feet of office space, up to 235 apartment units and a 574-space parking garage.
Whitestown distribution building housing Shein sold for $47M
The 565,500-square-foot structure becomes SkyREM’s only current holding in Indiana and one of the five largest in its 29-property portfolio.
Former home of Tiki Bob’s among downtown buildings sold to Simon family in $4.5M deal
The acquisitions come as the family redevelops the former CSX warehouse property on the eastern side of the same block.
Indiana assessed property values grow 12% as tax changes take effect
Assessed values for commercial and industrial properties grew at a higher rate than those for residential, according to the study assembled by the Department of Local Government Finance.
Fashion Mall to add scenting shop, recycled T-shirt company
Aroma360 and casual apparel brand Marine Layer plan to open shops at the Fashion Mall at Keystone.
Indy touts planned green spaces as convention attraction
Tourism promoters hope a Georgia Street revamp—along with the adjacent Signia by Hilton scheduled to open late next year and other green-space plans—will draw more convention and event business.
Flaherty & Collins promotes Robert Flaherty to CEO
The move stems from what the Indianapolis-based developer calls a “deliberate succession plan” focused on helping the company continue to grow.
IBJ wins 10 awards, Mickey Shuey named Journalist of the Year
The awards from the Alliance of Area Business Publications covered reporting, design and podcasts published in 2024.
La Flaca music venue to open in International Marketplace district
La Flaca at the Square, an 1,800-capacity music venue, will launch this summer in a retail strip southeast of the former Lafayette Square Mall.