The eight-year-old biotech startup is developing treatments for gastrointestinal disorders, and last year hired a new CEO. It’s unclear how many employees remain in Indiana, or how much longer the company will keep a local office.
The closure will leave the downtown mall with only a handful of tenants who were part of the shopping center’s 1995 opening day store lineup.
Most of Celadon’s real estate holdings in Indianapolis are on the east side, where available industrial land is in short supply. So, observers say, the anticipated divestiture should attract plenty of attention.
Ambrose had detailed plans in 2018 for a $1.4 billion, mixed-use development called Waterside—and said construction would start in 2019. But on Sept. 27, Ambrose said it planned to reposition its business and move away from mixed-use and office projects, including Waterside.
Onyx+East has partnered with Extra Space Storage to redevelop the block at the southeast corner of North and Fulton streets with new residences and a six-story storage facility. The project will require the demolition a nearly century-old building.
The founders and owners said the restaurant in Carmel’s Arts & Design District will be replaced by a family-owned restaurant that will serve Mediterranean cuisine.
The Astoria Park Apartments complex, 3640 Beluga Lane, was bought by Besyata Investment Group, according to the Indianapolis multifamily division of Chicago-based Cushman & Wakefield, which brokered the sale.
The tax abatement is for equipment the artisanal, vegan chocolate maker and distributor plans to use at at its new, 12,870-square-foot facility in the Circle City Industrial Complex, 1125 Brookside Ave.
The Carmel City Council this week approved building manager Keystone Realty Group’s application to use the city’s final available new three-way liquor license for a restaurant at 110 W. Main St.
The city’s Department of Metropolitan Development and the Children’s Museum of Indianapolis, which has owned the Drake since 2014, issued a request for information inviting proposals from groups with an interest in redeveloping the property at 3060 N. Meridian St.
The lion’s share of Fishers’ recent high-intensity development has taken place at East 116th Street and Interstate 69, but a wave of projects is coming together just to the south.
The land near Interstate 69 and 106th Street had previously been targeted by Sun King Brewing Co. as a location for a major brewery and tasting room.
Strongbox, a commercial development and construction management company, plans to spend $7 million to tear down a quarter of the existing store and then add a second retail building to the site.
The 189,000-square-foot first building is one of four planned by Indianapolis-based Ambrose Property Group at its new Plainfield Logistics Center.
Plymouth Industrial Real Estate Investment Trust said Tuesday that it acquired the nine-building Shadeland Commerce Center and a 353,000-square-foot building at 7901 W. 21st St.
The Westfield City Council on Monday created a special allocation area Monday for Carmel-based Old Town Cos.’s planned Union Square at Grand Junction residential and retail development.
White Lodging pitched its plan last year for a complex including an event center, four hotels, an office building, condos, restaurants, a craft brewery and a 30,000-square-foot horse-riding arena.
The Indianapolis Historic Preservation Commission on Wednesday voted to approve changes to the design and construction timeline for a downtown condominium project planned along South Meridian Street.
The four-story building with nearly 140,000 square feet of Class A office space was originally built in 1999 to house John Wiley & Sons Associates, the publisher of the “For Dummies” series of guidebooks.
The city of Indianapolis was told Wednesday by a judge that it can’t begin eminent domain proceedings on the former GM stamping plant site until its ongoing legal dispute with development firm Ambrose Property Group has been resolved.
