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.
Commercial Real Estate
Articles
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.
City strikes deal with local developer for Drake property restoration
Indianapolis-based ALK Development LLC plans to spend $10 million to restore the 3060 N. Meridian St. building, currently owned by the city, to a 27-unit housing facility focused on seniors.
Developer eyes $100M-plus overhaul of Monument Circle building, purchased for just $6M
After launching the $120M Intercontinental Hotel across the street earlier this year, Keystone Group intends to collaborate with local and state officials to determine a long-term strategy for the former Anthem HQ.
IU unveils architectural design plan for IU LAB at 16 Tech
The five-story, 150,000 square-foot building will be built next to the Herron School of Art and Design’s Eskenazi Fine Arts Center on Indiana Avenue in Indianapolis.
Law firm Ice Miller moving downtown HQ to new 11-story building in Bottleworks District
The 115-year-old law firm intends to occupy an entire build-to-suit office building, which is scheduled to be part of Phase III of the dining, entertainment and business district.
Indianapolis developer Keystone Group buys former Anthem HQ
The Monument Circle building has been mostly empty since Anthem, now Elevance Health, moved its headquarters to Virginia Avenue in 2018.
Pure Development co-founder starts new company following dissolution order
Pure Development, one of central Indiana’s largest commercial development firms, last month was ordered to wind down operations by a judge following a months-long lawsuit between its co-founders.
More upscale apartments planned for former AT&T building downtown, developer says
AT&T’s exit from the building’s top three floors with the expiration of its lease on May 31 clears a path for Keystone Group to add more luxury apartments in the $124 million project.
Judge orders Pure Development to wind down operations
One of central Indiana’s largest commercial development firms will be turned over to a court-appointed receiver in the coming weeks following a legal battle between the co-owners.
Country singer Clayton Anderson says his Indianapolis bars will be lively
After living in Nashville, Tennessee, for more than a decade, Anderson said he’s seen “Music City” thrive because of popular bars in Nashville’s Lower Broadway entertainment district. Now he wants to try to do the same thing in Indianapolis.
Plans moving ahead for dual-branded hotel on south end of downtown Indy
The Avid focuses on price-conscious leisure and business travelers. Candlewood Suites serves extended-stay customers and offers units with kitchens and free laundry.