The Indianapolis-area industrial market ended the year with vacancy of just 3 percent, nearly half of what it was at the end of 2015. The upshot: More properties are needed, and several million square feet of space are in the pipeline.
The local real estate firm bought the Parkwood West building and 14 acres of adjoining land from Duke Realty, which is exiting the office market.
The wrecking ball is busy at Community Hospital East, knocking down one building after another, as workers ready the site for a brand-new, $175 million hospital.
Molto Properties has purchased 47 acres in the AmeriPlex business park and plans to construct a 620,000-square-foot industrial building before landing a tenant.
The 300-plus-acre office, retail and residential project, which will be located near the southeast corner of U.S. 31 and State Road 38, to the west of Grassy Branch Road, is being pursued by developer Chris R. White.
Level Office said it plans to devote part of the building to membership-based co-working space with private offices and communal lounge areas, an espresso bar, 500-megabits-per-second fiber internet and local beer on tap.
Three Meridian-Kessler residents have asked a judge to review whether the city’s Metropolitan Development Commission properly granted two zoning variances for the apartment-and-retail project.
The outgoing governor was set to let the rules expire on Jan. 1. A Department of Homeland Security spokesman says new outdoor stage rules are also in the works.
The culinary-centric development proposed in Fishers is an unusual concept for the northern suburb, but it’s an idea experts say just needed the right recipe.
The project will include 236 apartments, 40,000 square feet of retail space and a 379-space parking structure.
Hendricks Commercial Properties' proposal calls for 337 apartments, 339,400 square feet of office space, and 67,225 square feet of retail. It also plans to construct a 132-room hotel and a 41,000-square-foot cinema.
Critics say the absence of standards could have negative results for Hoosiers’ energy bills and lead to a “slumlord’s dream” scenario.
The Yard, a 17-acre development by Thompson Thrift Retail Group, would replace the existing Springdale Estates neighborhood on the southeast corner of 116th Street and Ikea Way, just east of Interstate 69.
Certain companies don’t like committing to the usual five-year-or-longer leases, because they’re not comfortable predicting how much space they’ll need that far in the future.
Running 11 restaurants keeps Martha Hoover hopping. But the matriarch of the Patachou family is adding even more to her plate.
A redevelopment of the three buildings, led by Flaherty & Collins, will make way for 38 apartment units for residents 55 and older. The project pays homage to Martinville’s history as a mineral-springs hotbed.
RAS Development broke ground Monday on a 64,000-square-foot distribution center on the northwest side and could build two more that would be similar in size.
The Hogsett administration has begun using TIF financing for neighborhood projects, but the developers have to agree to back the bonds.
Creekside Corporate Park, which is filled with trees and a mile of winding trails, could accommodate more than 400,000 square feet of office space.
The controversy over the U.S. Department of Veterans Affairs’ plans to develop a military cemetery on 15 wooded acres north of Crown Hill Cemetery has ended up in court.
