Holladay Properties plans $21.4M conversion of downtown Angi building
The South Bend-based developer plans to convert the 12-story Angi Inc. headquarters on East Washington Street in downtown Indianapolis into a 180-unit apartment building.
Downtown
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Methodist Hospital to come tumbling down after IU Health opens new hospital
When the hospital opened its doors in 1908, Theodore Roosevelt was in the White House. It is being replaced by a $4.3 billion hospital project directly to the south.
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Surack buys downtown Indy hotel to put damper on Hogsett’s plans for heliport
Billionaire Chuck Surack’s real estate purchases are intended to discourage Mayor Joe Hogsett’s administration from disposing of the Indianapolis Downtown Heliport so the property could be used to build a soccer stadium.
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Illumine Coffee Co. joins downtown’s booming cafe landscape
Illumine will open a location at 11 S. Meridian St., taking over a spot previously occupied by a Hubbard & Cravens Coffee and Tea shop.
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Mayor’s budget plan proposes $50M infrastructure TIF for downtown projects
The bonds could be used to help fund a list of downtown projects, including improvements to Georgia Street and multiple downtown underpass projects.
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Articles
Indianapolis tax district board taking shape with two more proposed appointments
The Indianapolis City-County Council plans to vote in the coming weeks to add two women to the board that will oversee the management of a new tax focused on improving downtown’s cleanliness, public safety and homelessness situation.
States and localities face crossroad on homelessness policy
The city of Indianapolis says it has no plans to change the way it deals with homeless residents, despite a recent U.S. Supreme Court ruling that allows cities to move, ticket or arrest people sleeping on the streets.
Retailer Burlington set to open this week in downtown Indianapolis
The 23,000-square-foot store will take over space in the lower level of Claypool Court previously occupied by the Rhythm! Discovery Center.
City official lobbying Purdue to take portion of Monument Circle
Dan Parker, chief deputy mayor of Indianapolis, revealed at an IBJ event on Tuesday that he has pitched Purdue officials on locating some of its downtown operations in one of the two available buildings on the Circle.
IBJ Podcast: JW Marriott’s manager on surviving pandemic, saving March Madness and facing new competition
Phil Ray also weighs in on the new taxing district the city is considering for beautification and public safety efforts downtown, plus the city-funded construction of an 800-room hotel that would become the JW Marriott’s biggest competitor.
Indy prepares to take big step in pedestrian safety efforts
The City-County Council is expected on Monday night to approve a sweeping measure that has the ambitious goal of eliminating pedestrian fatalities by 2035.
Simon family expands footprint near fieldhouse
For decades, Herb Simon’s downtown investment focused on owning Pacers Sports & Entertainment and managing Gainbridge Fieldhouse. But in recent years, Simon and his family have expanded their investments and holdings in downtown’s Warehouse District.
Demolition of downtown’s Jail I set to begin in October
A request for proposals from developers for the 2-acre site is expected to be issued in 2025.
50,000 Catholics expected at Eucharistic Congress in Indianapolis
The event will be the church’s first national gathering in more than 80 years, marking one of the most significant religious events the city has ever hosted.
OneHealth designation could drive innovation in Elanco/Purdue space
State and corporate leaders believe a tech park taking shape on the western edge of downtown could be a launchpad for health sciences innovation and commercialization as part of the state’s ambitious economic development portfolio.
TWG seeking tax break on $73M apartment complex planned near Lucas Oil Stadium
As part of the request, TWG is pledging to make 41 of the 270 units available to individuals and families making up to 70% of the area’s median income.
Council plans introduction of tweaked downtown tax district
Funds raised from the downtown economic enhancement district would pay for cleaning and beautification efforts, public safety initiatives, homeless outreach and costs associated with a planned low-barrier shelter.
Owner of 27-story downtown apartment tower faces $101M foreclosure lawsuit
Since it was completed in 2018 at a cost of $120 million, the tower has become one of the city’s priciest residential properties, with an average rent of $2,365 per month, or $2.58 per square foot.
WWE deal stems from long-simmering talks with Sports Corp.
The two organizations reached an agreement announced Monday that will bring a trio of top-rung WWE events to Indianapolis over the next eight years.
City views soccer stadium as catalyst for growth
With funding plans for a proposed soccer stadium clearing another hurdle this week, Indianapolis leaders, developers and brokers are beginning to evaluate the impact such a project could have on the near-east side of downtown.
City wants to jump into MLS stadium talks this summer
The city and the Capital Improvement Board of Marion County in the coming weeks will convene with the prospective MLS investor group to begin early design work for a stadium on the downtown heliport property.
Hogsett gets OK from city commission on plan to fund soccer stadium
The approval of the taxing district now allows the Hogsett administration to request authorization from the State Budget Committee—a step required because the funding plan relies on up to $9.5 million per year in state taxes.
IBJ Podcast: Sushi eatery owner expanding in Mass Ave area with new restaurant, refreshed Metro
Bill Pritt digs into the origin story of Mass Ave’s Forty Five Degrees and the real estate acquisition—and yogurt shop—that helped him succeed. Plus, he serves up details from his plans for Harrison’s Restaurant and the Metro.
Purdue takes next step to develop $187M mixed-use project for new downtown Indy campus
Purdue officials say the Academic Success Building “will evolve with the needs of experiential education, accommodate courses that would not otherwise be offered with existing space, and provide on-campus housing.”