How to fill 300,000 square feet of fresh retail space
Big downtown real estate projects are expected to add that much room to the retail inventory, and advocacy group Downtown Indy is jumping in to help drum up interest.
Commercial Real Estate
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Work begins on $30M cold-storage warehouse in Anderson
The facility off Interstate 69 is expected to create 60 jobs by the end of next year and possibly 200 over the next decade.
Plainfield industrial park adding 500,000 square feet
Construction is under way on two buildings totaling 500,000 square feet in the Metro Air Business Park in Plainfield and should be completed next spring.
Great Places 2020 organizers hope 2018 is transformative year
The effort, launched in late 2014, aims to mix private-sector investments with federal tax money to spark residential and commercial activity in five targeted Indianapolis neighborhoods.
Legal tussles continue between Carmel developer, siblings
Two children of late heart surgeon and developer John N. Pittman have accused brother Steve Pittman of wrongly taking funds from a family-owned entity to invest in one of his projects. Their lawsuit is one of several proceedings filed over family assets.
Chatterbox, a bar that’s barely changed, has helped transform Mass Ave
When David Andrichik bought the Chatterbox in 1982, it sat on a street pocked with second-floor sleeping rooms and grungy storefront businesses.
Once-swanky downtown apartment building receives $5.7M makeover
The 88-year-old, seven-story Wyndham is available for occupancy after owner the Pearl Cos. bought the building and tore the interior down to its studs.
Tech industry growth boosting local office market, report says
Growth in the technology industry has become a big driver of activity in the local commercial real estate market, according to a new report by CBRE, which ranked Indianapolis fourth for tech-job increases among U.S. cities.
Northwest-side hotel, water park shuts down
The once-popular Caribbean Cove has closed its doors, along with the national chain restaurant that operated within the hotel.
Plan to develop 211 acres at Fishers airport site takes flight
Local officials say the land, part of Indianapolis Metropolitan Airport, could house up to 1 million square feet of new commercial development under a plan approved on Friday.
Proposed fee for Mile Square property owners attracts opposition
Downtown Indy is encountering resistance from some big property owners to its plan to create an economic improvement district that would raise about $3 million annually through a fee.
Irvington marketing firm buys building, prepares to exit lodge
The firm is rehabbing a commercial building in Irvington that’s been vacant for 30 years and saying goodbye to its longtime, idiosyncratic corporate home.
Indianapolis naming new downtown plaza after Lugar
Former Mayor Richard Lugar joined current Mayor Joe Hogsett and former mayors Steve Goldsmith, Bart Peterson and Greg Ballard for Monday's announcement.
Brookfield bids $14.8B to acquire rest of Simon mall rival GGP
GGP, formerly known as General Growth Properties, is the second-largest shopping mall company behind Indianapolis-based Simon Property Group. Simon tried to acquire GGP in 2010.
Giordano’s hopes to delve deeper into Indy with third location
The pizza purveyor’s move to establish a south-side location mirrors the plans of Portillo’s, another Chicagoland staple that recently entered the Indianapolis market with a north-side restaurant.
Developers propose $113M commercial project near I-65 in Whitestown
Plans from the two Indianapolis-area firms call for more than 2 million square feet of space in a development encompassing 170 acres.
Former AIT Labs owner faces $4.4M suit over HQ building
The once-booming toxicology business struggled for years under declining revenue and huge debts before being acquired last year by a Texas private equity firm. Its Park Fletcher headquarters building remains empty.
Former Angie’s List CEO seeks to buy company’s HQ campus
Bill Oesterle has assembled a group of local heavy hitters in hopes of purchasing the 17.5-acre site east of downtown, now that ANGI Homeservices Inc. has put it up for sale.
Efforts to remake Brownsburg’s downtown in progress
Four projects totaling about $85 million, including three already under construction, will bring apartments, offices and retail space to a key stretch of Green Street.
Bloomington set to open more sites to adult businesses
City officials say the new regulations would allow adult businesses in about 4 percent of Bloomington.