IBJ real estate panel talks apartments, Mass Ave, Castleton
Experts at IBJ’s Commercial Real Estate Power Breakfast said the fundamentals of downtown’s apartment market remain strong.
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Fast-growing Garrett to build $20M Greenwood apartment complex in own back yard
The site for the 180-unit project is somewhat unusual—inside a business park that includes office buildings, a hotel, a Goodwill outlet store and the headquarters of The Garrett Cos.
Council panel OKs $16.7M in financing for $141M in Keystone Realty projects
Keystone Realty Group’s plan to spend $141 million on two high-profile downtown redevelopment projects passed a hurdle Monday night as an Indianapolis City-County council committee unanimously approved $16.7 million in financing to help fund the project.
Posh Intercontinental Hotel part of $141M redevelopment plan for two downtown buildings
Keystone Realty Group is in line to receive financing help from the city for an ambitious plan that would overhaul two nearly vacant office properties near Monument Circle and bring a prestigious Intercontinental Hotel to Indianapolis.
Whitestown acquires property along Interstate 65 for Little League HQ
The Whitestown Town Council on Wednesday approved an agreement to buy 135 acres that previously served as the longtime home of the Wrecks Inc. automobile salvage yard. Little League International is expected to use about 20 of those acres.
Apartment market holding up, despite deluge of projects
Milhaus President Jeremy Stephenson, a panelist at IBJ's Commercial Real Estate Power Breakfast on Wednesday, said job growth and millennials' tendency to put off marriage are helping to support the downtown apartment market.
Local firm sells Meridian Street office complex for $37M after shoring up space
Ambrose Property Group acquired the tired and mostly vacant downtown complex out of receivership in 2014 and embarked on a $20 million renovation.
Southern-inspired eatery/wine bar to open on Mass Avenue
It will be the fifth location overall for the Louisville-based restaurant chain, which opened a Fishers location in 2016.
Work begins on remaking former Milano Inn restaurant site
The South Bend-based developer that last year bought the landmark restaurant and the block on which it sits is searching for office and retail tenants for the space.
Noblesville, developer partner on $24M apartment/parking project
The mixed-use development would provide downtown Noblesville with its first-ever parking garage and its first new apartment building in more than a century.
Salesforce proposing massive expansion in Chicago, 5,000 jobs
Software giant Salesforce.com Inc., which in 2016 announced big plans to expand its operations in Indianapolis, appears to have even bigger plans for Chicago.
Carmel plans redevelopment for retail property near City Center
The Mohawk Landing Shopping Center, built 36 years ago, will be redeveloped into a mixed-use property.
City seeks vendor to develop revitalization plan for Castleton
City development officials said the plan should “respond to emerging challenges confronting the Castleton area, including evolving national shifts in commercial retailing and aging commercial, office and multifamily areas.”
Fishers plans to purchase Archer’s Meats property for redevelopment
First Internet Bank agreed to acquire 11 parcels on the south side of 116th Street for $10 million, with Fishers agreeing to reimburse the bank for land acquisition costs.
Hamilton Crossing, other businesses hurt by Carmel construction, road changes
As one of Hamilton Crossing Centre’s key tenants prepares to close its doors, the future of the Kite Realty development along Meridian Street in Carmel remains unclear.
Developer proposes apartment project for Grand Park Village
If approved, CharlesTowne at Grand Park Village would be built on 12 acres near the intersection of Wheeler Road and 186th Street.
Historic downtown office building to receive $15M renovation as hotel
Located less than two blocks from Monument Circle, the 120-year-old building could reopen as early as 2019 as a millennial-friendly Aloft property.
Two more hotels planned for burgeoning Whitestown development off I-65
Once populated largely by cornfields, the landscape at the intersection of I-65 and Whitestown Parkway has exploded in recent years with retail and restaurant projects. A smattering of hotels has followed, and two more projects now are in the works.
U.S. mall owners happy with steady, ‘boring’ results
Mall landlords, besieged for the past two years by the rise of online shopping and retailer bankrupties, are trying to push a new narrative of improving sales and increased demand for empty space at their properties.
Joint venture acquires downtown office building, plans renovation
St. Louis-based Integris Ventures and New York-based Starlight Equity Partners paid about $3.1 million to purchase the seven-story building. It plans several more acquisitions in Indianapolis.