Housing starts ease nationally on decline in multifamily construction
U.S. housing starts slowed in September as a drop in multifamily projects outweighed a pickup in construction of single-family dwellings.
Construction
Articles
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.
Indiana Wesleyan University plans $30M basketball arena
Construction on the 80,000-square-foot arena is scheduled to begin Friday, with hopes of having the facility ready for games by the end of 2026.
Glut of development creates challenges in finding subcontractors
While contractors have so far been able to keep up, the strain could get worse next year and beyond.
Why Lilly is pouring billions into LEAP
In recent years, the pharmaceutical manufacturer has seen dizzying growth in its pipeline for a wide range of diseases. And modes of drug delivery are becoming increasingly complex.
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.
Luxury apartment complex at Westfield’s Chatham Hills nears completion
Missouri-based Mia Rose Holdings is developing the 250-unit The James at Chatham Hills on 21 acres in Westfield, marking the company’s entry into central Indiana.
IBJ Podcast: From the Army to finance to tech to excavation, Andrea Sloan says ‘yes’ and takes big leaps
Sloan didn’t know much about the utility-services company she agreed to lead and then acquire, but now it’s one of Indy’s fastest-growing firms and expanding into other states.
Applications for new homes rise for 14th straight month in central Indiana
Led by big surges in applications in Hancock and Johnson counties, demand for new homes in the Indianapolis area continued to grow in August.
Noblesville to build police station at former Firestone factory site
The new station for the Noblesville Police Department will be constructed at 1700 Division St., where a Firestone Tire and Rubber Co. used to operate for more than seven decades.
Reimagined Pleasant Street has been 44 years in the making
In total, the $113 million, three-phase Reimagine Pleasant Street project involves extending, realigning and expanding Pleasant Street into a 2-1/2-mile corridor from State Road 32 to just west of State Road 37.
Contractors submit archaeological plan for Henry Street Bridge project
The plan submitted to the Indiana Department of Natural Resources estimates excavation of the site, which could contain hundreds of human remains, won’t be completed until late April 2025.
South side of Soldiers and Sailors Monument closes for repairs
The fixes are part of a $60 million-plus restoration project that will focus on supporting the monument’s crumbling base, IBJ reported in 2022.
Retailer formerly known as Lumber Liquidators closing all stores
LL Flooring is “winding down operations” after declaring bankruptcy and plans to close all stores, including three stores in central Indiana.
Will Indiana’s next governor champion the LEAP district in Lebanon?
More than two years after Gov. Eric Holcomb’s Indiana Economic Development Corp. quietly disclosed plans for the 9,000-acre campus in Boone County, the endeavor’s future now largely depends on the guidance of the next governor.
Indianapolis to begin work on $43M Henry Street Bridge project next week
The bridge is part of a state-local partnership to develop a major business park on the west side of the White River, an effort that has been complicated by the planned excavation of human remains from a historic cemetery on the east side.
Analysis shows Indiana needs nearly $1B more to maintain local roads, bridges
Eliminating poorly rated local roads and bridges across the state over the next 10 years would cost more than twice that amount, analysts estimated.
Fortville business owners reeling from road construction
Broadway Street in Fortville is a mess of orange construction cones and heavy equipment, with traffic backing up at rush hour and nobody getting anywhere quickly. It’s been this way for 16 months.
Applications for new homes continue to rise in Indy area
While home construction hit a downturn nationally in July, builders continued to see growing demand for new homes in central Indiana.
Andretti Global racing makes progress on new HQ building
Andretti Global’s new headquarters in Fishers is a steel skeleton in the middle of a dusty field, but the motorsports giant’s future home is starting to come into focus.