Roughly $162 million has been committed so far to minority-owned businesses helping to build the city’s $575 million criminal justice center complex in the Twin Aire neighborhood.
A proposal to issue economic development tax increment revenue bonds for Kite is slated to be voted on by the City-County Council’s Metropolitan and Economic Development Committee on Monday.
Roughly 22 acres on the northern half of the 104-acre site would be reserved for a multifamily project by Sheehan Development Co. Inc. that would include 320 apartments.
The transit agency is now considering a site on Post Road that is much larger than the former Harrison College site downtown and potentially much less expensive.
Lucky said it plans to close 13 stores and could shutter more during the bankruptcy process.
Cornerstone Cos. Inc.’s latest local project is a three-story, 40,000-square-foot medical office building along North Meridian Street for four tenants.
A subsidiary of Swiss drug giant Novartis AG announced plans Tuesday to build a targeted radioligand therapy plant at Purdue Research Park near Indianapolis International Airport.
The lease will be COhatch’s second with Circle Centre landlord Simon Property Group. The firm previously announced plans to open a coworking space at Simon’s Hamilton Town Center in Noblesville.
The New York-based World Olivet Assembly announced it would use the 63-acre campus as educational facilities. Former property owner Howe Military Academy closed last year after 135 years.
Office tenants are considering renting less space as more employees work from home, and the trend toward online shopping is accelerating, which could cut already weak demand for retail space in downtown areas and malls.
The project, called Spring Mill Centre, aims to bring retail, industrial and office space—and possibly an assisted-living center for seniors—to the site.
Taubman Centers said in a filing alleging illegal termination that rival mall landlord Simon Property Group knowingly assumed the risks of the pandemic at the time their $3.6 billion merger deal was announced.
City planning staffers are opposed to the proposal for Tremont Town Center in its current form, but the 1.2 million-square-foot development with residential, retail and office space has support from key community figures.
The Carmel City Council approved bonds for four development projects and covered a property-tax shortfall at its Monday meeting.
IndyGo is investigating whether to purchase the former Harrison College site for millions of dollars to use as additional space—but some board members are not convinced doing so is a good idea.
Plans call for the mammoth Hancock County facility to feature 146 docks and parking for 1,985 cars and up to 916 trailers.
The investor group behind Union 525 is proposing another expansion to the tech incubator’s downtown Indianapolis corporate campus, this time with plans to construct a nine-story apartment building and a 700-space parking garage on an nearby lot.
An $18 million apartment-and-retail project proposed near U.S. 31 and Main Street was turned down Monday night after Westfield City Council members debated whether a petition for the project should even be considered.
Several business owners in the city’s central business district and others along Massachusetts Avenue have enlisted staff members and local artists to paint murals and messages on the plywood covering the facades of riot-damaged buildings.
The Dallas-based discount retail chain filed for Chapter 11 bankruptcy protection May 27, citing financial strains caused by COVID-19-related store closures.
