The local brewing company plans to spend at least $4 million to renovate the existing structure, committing to an adaptive reuse of the property as part of an agreement with the city.
Purdue’s purchase of the site—once earmarked for a large hotel and office development—is one of several moves the university has made downtown stemming from the dissolution of IUPUI last summer.
After five years with Indianapolis-based Birge & Held, Jarod Brown decided he wanted a business with his name on the door. For his HQ, he bought the former Broad Ripple Library.
A streetwear-and-more shop and a store selling toys in a former bank building once robbed by John Dillinger are recent independent retail additions to the block across from Bottleworks.
Members of the Carmel City Council on Monday night voted 9-0 to approve an interlocal agreement between the city and county that could spur development of a vacant area on the southeast side of the Clay Terrace outdoor shopping center.
The parcel, a parking lot of just six-tenths of an acre, was sold for $1.59 million by electric company AES Indiana.
Esselman spoke with IBJ about her experiences running a solo firm and why she loves finding tenants for underused spaces.
IBJ has reported extensively on numerous projects throughout this year in the core of Indianapolis and across the area—some that made significant progress and others that ground to a halt.
The restaurant closure leaves no first-floor tenants in the historic King Cole building that has been announced as the future home of a hotel.
It was unclear Friday how many stores could remain open in total. Indiana has more than 40 Big Lots locations, with a dozen in the Indianapolis area.
More than $8.5 billion in development is underway across downtown, with more coming as projects in their earliest stages wind their way through the planning process.
The ripple effects of Starbucks closing a Monument Circle location in October 2022 continued to resonate in 2024, when multiple coffee companies opened in new downtown locations.
Card & Associates is making plans to grow Hickory Junction, which already includes the $31 million Farmers Bank Fieldhouse and two planned hotels.
Employees at three Party City stores told The Washington Post that they were notified the closures would occur by the end of February.
According to the company’s website, all stores are closing and discounts of up to 50% are being offered on the entire assortment goods.
Even in the era of online banking, banks say they still value the physical location, and several are making significant investments in expanding and improving their branch networks.
Tim and Doris Anne Sadler say the students disclosed the couple’s plans for a 1,550-acre development in Puerto Rico to a company that used the information to take over the project.
The plan would feature approximately 366 apartment units, 60,000 square feet of medical office space, 12,500 square feet of retail space and 447 parking spaces.
The state’s job-creation agency is seeking $27 million to purchase about 307 acres and pay for deposits and option payments for additional land west of Interstate 65. Another $33 million is being sought for infrastructure work.
The nearly 1.1-million-square-foot campus, which includes five office buildings and one small retail building, was purchased by Interamar and Typerion Holdings for an undisclosed price.
