Developer preparing for second phase of Farm development in Zionsville
Pittman Partners plans to build up to 225,000 square feet of commercial space at The Farm at the corner of Michigan Road and Sycamore Street.
Commercial Real Estate
Articles
City weighing whether to award $40M in TIF, forgivable loan funds for Simon-led hotel, entertainment project
The $312 million project calls for a 170-room Shinola Hotel, a 4,000-seat live performance venue operated by Live Nation, an enclosed parking garage and a skybridge connecting to Gainbridge Fieldhouse.
Lauth names new CEO, leader of multifamily division
The Carmel-based commercial real estate firm said longtime developer and real estate consultant Adam Broderick has been named the company’s chief executive.
Lucas Oil Products moves headquarters from California to Indy’s Keystone corridor
An affiliate of the automotive lubricant company acquired the two-story building near the Fashion Mall at Keystone last year for $9.5 million.
Q&A: Architect Stephen Alexander talks about Stadium Village
The longtime architect said he wants to see the neighborhood replicate a sort of Olympic Village surrounding Lucas Oil Stadium. He talked to IBJ about the progress he believes the neighborhood has made toward that goal.
Future of John Marshall school building unclear after city withdraws offer to buy closed school
The city had planned to purchase the property from IPS for $725,000 as part of a project to transform the campus into an “Opportunity Hub” of social, community, and health services.
Tom Wood plans new Porsche dealership by former HHGregg HQ
The modernized showroom and service center, which would replace the company’s existing Porsche facility nearby on East 96th Street, would occupy an outlot that formerly was home to a Steak ‘n Shake.
Nickel Plate Trail construction is in the final stretch in Indianapolis
The Allisonville Road and East 62nd intersection is just a tiny piece of the trail that stretches across three cities and two counties.
Gravel pit operator’s expansion plan rejected again
Beaver Materials last year was granted a variance by the Noblesville Board of Zoning Appeals to dig a 68-acre gravel pit on land that is zoned residential near the intersection of East 161st Street and Cherry Tree Road.
Local firms partner to buy Capital Center office towers for $35M
One of the largest office complexes in downtown Indianapolis officially changed hands this week, with the new owners eyeing an update for the property that could result in its partial conversion to a hotel.
Swiss manufacturer Rego-Fix opens expanded facility in Whitestown
The 12,000-square-foot addition, named the Center for Machining Excellence, will partly serve as an incubator for other foreign companies that want to do business in Indiana.
IEDC rebrands, updates master plan for business district at former GM stamping plant site
The IEDC has renamed the business campus Levee—a nod to both the site’s proximity to the levee along the western bank of the White River and the word’s Latin root “levare,” which means “to lift up.”
Online retail company plans $47M distribution center in Greenfield
Online retail company Crecera Brands LLC stands to receive $2.3 million in state tax credits if it constructs its distribution center as planned and creates 208 jobs.
Indy-area developer Drew Loftus sues partner for company records
Drew Loftus, a principal with Silverstone Development LLC, claims he has not had access to the company’s offices, calendars, communications or financial records since May.
New Orleans-influenced raw bar planned for former Thunderbird site
Nick Detrich, an Indianapolis native who owns a French Quarter bar, says oysters, chilled seafood dishes, Sazeracs and cauldrons of café brûlot will highlight the menu at Magdalena.
Indy seeks developer proposals for dilapidated Central State Hospital structures
The proposal is for two dilapidated buildings left from the former mental hospital and a soon-to-be vacant facility that formerly housed horses.
With long slate of local projects, construction firm Skender moves offices to fit growing workforce
Skender’s focus on health care, office and municipal projects has reaped millions of square feet of work for the firm in central Indiana since opening its first local office in 2020.
Indianapolis Cultural Trail plans headquarters expansion
The not-for-profit that manages the Indianapolis Cultural Trail has launched a $2 million fundraising campaign to support the acquisition of its headquarters at 132 W. Walnut St. and an adjacent building to accommodate the expansion plan.
Central Indiana’s largest office park secures new loan, additional investment
More than $36 million already has been invested into the campus over the past eight years, with updates to building systems, indoor and outdoor amenities, lobby spaces, restrooms and facades.
Q&A: Carmel native builds company by building community
How has Old Town Design Group consistently grown in spite of real estate market disruptions? And what is its plan for the future? Co-founder Justin Moffett addressed those and other questions.