IBJ Podcast: Inside the mind of a rising Indy apartment developer
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.
Commercial Real Estate
Articles
Apparel shop, toy store fill spots on Mass Ave block
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.
Deal between Carmel, Hamilton County could accelerate Clay Terrace redevelopment
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.
Simon-backed group buys key parcel at potential MLS stadium site
The parcel, a parking lot of just six-tenths of an acre, was sold for $1.59 million by electric company AES Indiana.
Q&A with Catherine Esselman on reimagining real estate
Esselman spoke with IBJ about her experiences running a solo firm and why she loves finding tenants for underused spaces.
IBJ’s biggest real estate development stories of 2024
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.
Qdoba restaurant ends 25-year run near Monument Circle
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.
Big Lots says it found a buyer that will keep some stores open
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.
2024 Year in Review: City sees key development projects start or advance
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.
2024 Year in Review: Coffee shops, pizza spots among new area eateries
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.
Hickory Junction’s next phase to include 450-plus housing units, commercial space in Lebanon
Card & Associates is making plans to grow Hickory Junction, which already includes the $31 million Farmers Bank Fieldhouse and two planned hotels.
Party City is going out of business after a nearly 40-year run
Employees at three Party City stores told The Washington Post that they were notified the closures would occur by the end of February.
Big Lots conducts going-out-of-business sales after sale of company falls through
According to the company’s website, all stores are closing and discounts of up to 50% are being offered on the entire assortment goods.
Is the run of bank branch closures ending? Maybe.
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.
Indianapolis couple sues IU professor, students for $2B alleging they stole project plans
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.
Developer proposes plan for mixed-use buildings at Grand Millennium in Westfield
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.
IEDC requests additional $60M for Lilly, Meta land, infrastructure at LEAP
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.
Keystone at the Crossing office park ownership changes hands
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.
Commission gives positive feedback on ISO’s Hilbert Circle Theatre plans
The Indianapolis Symphony Orchestra presented its renovation plan Wednesday night in a preliminary review by the Indianapolis Historic Preservation Commission, which has purview because both the interior and exterior of Hilbert Circle Theatre are protected as historically significant.
Brazilian steakhouse to open at Fashion Mall Commons retail center
Terra Gaucha Brazilian Steakhouse will take over a spot Fleming’s Prime Steakhouse & Wine Bar occupied from 2005 to 2020.