Simons expand property holdings near Gainbridge Fieldhouse
Led by investments at and around Gainbridge Fieldhouse, Herb Simon and his family have spent over $26 million the past two years buying more than a half-dozen downtown properties.
Development/Redevelopment
-
Ritz-Carlton development would add to Indy’s growing roster of luxury hotel offerings
Projected to open in 2028, the 170-room Ritz-Carlton is expected to be one of the most upscale hotels in central Indiana, along with the InterContinental Indianapolis and the Conrad Indianapolis.
Read More -
Ritz-Carlton confirmed as part of Simon family’s $400M CSX redevelopment
Boxcar Development, an investment group for the Simon family, will formally break ground on the project Wednesday, although site work—including demolition of the former CSX railroad building—began in mid-2024.
Read More -
5 downtown Indianapolis development projects to watch in 2026
Several downtown development projects are in their infancy or just getting started. IBJ takes a look at a handful that could draw buzz throughout 2026.
Read More -
INCOG BioPharma investing additional $200M to expand Fishers campus
INCOG, which now employs just more than 400 people in Fishers, plans to have nearly 1,000 people working at its 21-acre campus by 2030.
Read More
Articles
Pharmaceutical company planning to employ 300 workers in Greenfield
The plant will focus on serving health care companies by developing and commercializing medical devices, drug delivery systems and combination products.
Cunningham plans two-story restaurant concept in Fishers District
Developer Thompson Thrift announced several new leases for restaurants in The Union at Fishers District on Tuesday.
Westfield unveils blueprint for downtown redevelopment
Westfield leaders want the city’s downtown to be more than a place to drive through on State Road 32, so they are setting the stage to make it a destination.
Amid stadium search, Chicago Bears conduct testing in northwest Indiana
Reports this week say the Bears sent a team of trucks and drilling equipment to a location not far off the Indiana Toll Road to conduct site testing.
Hendricks unveils new name for Circle Centre ahead of $600M overhaul
The planned $600 million redevelopment of Circle Centre Mall has been rebranded by its Wisconsin-based developer in honor of the city’s history as an interurban hotspot.
Walmart plans Supercenter in Ingalls amid town’s development spree
Town planners expect the store to attract shoppers from surrounding communities, including Fishers, Fortville , Lapel and Pendleton.
NextEra raises bet on AI with Google, Meta and gas deals
The flurry of announcements underscores the energy industry’s intensifying focus on technology companies’ data centers.
City taps new firm for Indiana Avenue strategy
A year after a $450,000 contract intended to help shape development for historic Indiana Avenue expired with no published results or recommendations, the city of Indianapolis has hired a new contractor.
UPDATE: Metropolitan Development Commission approves east-side Wawa project
Convenience store chain Wawa has the go-ahead to build a location along IndyGo’s future Blue Line route after receiving a variance of development standards for the proposed project.
Chicken N Pickle calls off plans for Fishers location
The chain announced plans in 2023 to open an indoor/outdoor entertainment complex with a restaurant, sports bar and pickleball courts in Fishers District.
Downtown post office property once again stirs what-ifs
For 20 years, every mayoral administration has explored taking over or facilitating the sale of the post office directly east of Lucas Oil Stadium—with each attempt failing to gain traction.
UPDATE: Indianapolis Star to relocate downtown office
The newspaper’s offices have been located in Circle Centre Mall since late 2014, when it spent $10 million to overhaul the former Nordstrom store space.
In long-polluted Martindale-Brightwood, residents challenge new data center proposal
In the wake of industrial pollution, the historically Black neighborhood has recently undergone a transformation. Now, residents worry that progress could be in jeopardy.
Developer planning 350-unit luxury apartment complex in Westfield
Thompson Thrift, the master developer of the 123-acre Fishers District, is set to tackle its first project in Westfield.
Real estate firm announces plan to turn Carmel’s Hamilton Crossing into mixed-use development
GSR Development plans to incorporate residential, retail and Class A office and hotel uses into the redevelopment of Hamilton Crossing, which is the second-largest office park along the North Meridian Corridor.
Broad Ripple stakeholders pursue plan to revitalize neighborhood
New nonprofit Friends of Broad Ripple Village hopes to end a stagnant commercial era for the neighborhood.
Seattle-based developer plans $4B data center project in Indianapolis
The data center campus proposed by Sabey Corp. would occupy a 130-acre site and include two buildings totaling more than 1 million square feet.
Archaeologists complete excavation for planned Henry Street bridge
The total number of grave shafts found on the former cemetery site was about 2.5 times the initial estimate by the city. Construction on the $40 million Henry Street Bridge can now continue, but archaeological work on the remains is far from over.
Wally’s hoping to open $30M travel center off I-65 in Boone County by Memorial Day
The Whitestown site will be home to Wally’s third and largest travel center.