Tanya Davis plans to open a new version of Vegas Lounge & Bar on the first floor of the historic Morrison Opera Place building at 47-49 S. Meridian St.
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The all-in cost for the redevelopment of Pan Am Plaza is now expected to be $751.6 million. The bond sales to cover much of that cost—creating significant long-term debt for the city—are expected to take place this week.
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Early plans for the $150 million project, known for now as the “Alabama Redevelopment,” call for a 387-foot glass tower containing 190 apartments, 24 condominiums, 150 hotel rooms and 8,000 square feet of retail and hospitality space.
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The connected buildings contain 161,500 square feet of office space, which is all leased to the Indiana Department of Health.
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As approved by the Metropolitan and Economic Development Committee, the district would collect various taxes to cover a portion of the cost for the stadium at the proposed Eleven Park development. The City-County Council now must weigh in.
The City-County Council Metropolitan and Economic Development Committee heard testimony from over a dozen downtown residents and representatives of prominent companies before passing the proposal, 8-3.
The coffee shop is among several improvements planned for the 11-story office building that is headquarters to Kite Realty Group.
The three-phased move is intended to create a dense grouping of professionals in the core of downtown and save taxpayer dollars, the city said Monday.
The group has used Placer.ai, an artificial-intelligence-based software system that partners with a wide range of mobile apps companies to measure movement using anonymous phone-tracking software.
The tax abatement would save the company about $1.92 million in personal property taxes over eight years—about 66.3% of the total in taxes owed.
The city will work through 2024 to consolidate into its most prominent piece of real estate offices that are now scattered around downtown, including those of the Department of Public Works and the Department of Business and Neighborhood Services.
John Robinson, managing director for the Indianapolis division of Chicago-based JLL, said during an IBJ panel discussion Friday that he expects at least three of downtown’s 10 major office towers to go through foreclosure or take big losses in a sale over the next few years.
A Greenfield-based developer plans to demolish the former Stadium Tavern to make way for a four-story apartment building.
In the past decade, the area has grown into one of the region’s hot spots, in part because a handful of developers is embracing the area’s industrial roots.
The not-for-profit group that organizes events celebrating the Indy 500 sold its headquarters building in November, in part to tighten its focus on operations and away from property management.
Houston-based Landry’s Inc. plans to open a Del Frisco’s Double Eagle Steak House in a space in downtown’s core that has housed several upscale eateries.
Under a pilot program started this month, individuals in distress in downtown Indianapolis have been able to call 911 to receive assistance from the Clinician Led Community Response team.
Unlike the digital projection of many movies today, “Oppenheimer” at the museum will be shown from actual 70mm Imax film.
The Monument Circle quadrant outside of the Emmis Corp. headquarters and South Bend Chocolate Co. will serve as a pedestrian-only experience in the heart of downtown Indianapolis.
The Republican-dominated Legislature has given the city a way to raise money for downtown’s post-pandemic revitalization, but there appears to be little chance that Democratic city leaders will pursue it before the November city election.
On the heels of breaking ground on the Eleven Park stadium district last month, Indianapolis-based Keystone Group is asking the city to rezone nearly 11 acres of surface parking nearby, opening up options for redevelopment in the future.
Saffron Cafe, known for colorful murals on multiple exterior walls, served Moroccan cuisine from 2009 until the restaurant closed in 2022.
Indianapolis Mayor Joe Hogsett on Wednesday announced plans for a four-month closure to vehicles in a quadrant of Monument Circle and a pedestrian-focused redevelopment of Georgia Street.
Under the measure, Department of Public Works engineers and the fatal crash review team are authorized to restrict right turns throughout downtown, Broad Ripple, and other specified areas at intersections identified as dangerous in past city studies.
