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.
Downtown
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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.
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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.
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$100,000 commission offered for mural on Indiana Fever facility
Pacers Sports & Entertainment is paying for the artwork that will adorn the $78 million facility presently under construction.
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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.
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Articles
Senator files bill that would make way for $750M Indianapolis casino
The bill, authored by Sen. Aaron Freeman, R-Indianapolis, would allow casino operator Full House Resorts Inc. to move its gaming license from Rising Sun to Marion County–with a few conditions.
Hogsett optimistic on pro soccer in Indy, but legislative leader says plans ‘not feasible’ so far
While Mayor Joe Hogsett remains optimistic at the prospect of bringing a professional soccer team to Indy, Senate Appropriations Committee chair Ryan Mishler told IBJ he’s less certain of a team’s long-term viability.
IBJ Podcast: World Cup team could call Westfield home; plus, progress reports on downtown projects
IBJ’s Mickey Shuey discusses the logistics of being the home base for a World Cup team and what teams want. Plus, the lowdown on the push for a downtown Indy casino.
Simons buy two more properties on South Meridian bar belt near hotel, entertainment project
The acquisitions are within a stone’s throw of the family’s planned hotel and music venue project at the former CSX site.
Photo gallery: IU, Ohio State fans begin arriving for Big Ten football championship
Ticket prices continue to rise for the football game, with resale tickets on Ticketmaster starting at about $750 apiece. Tickets on StubHub and other third-party ticket resale sites start at about $350 per ticket.
Simon family firm eyes Ritz-Carlton hotel for downtown development
The 170-room hotel would occupy the southwest corner of Georgia and Pennsylvania streets and feature a skywalk connector to the club level of Gainbridge Fieldhouse.
Kimpton developer eyes late 2026 opening for $110M downtown hotel
The 18-story Kimpton has been in the works since late 2017, with its price tag almost doubling from the original $57 million planned investment.
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.
Rokita encourages Trump to send the National Guard to Indy to fight crime
In response to Attorney General Todd Rokita’s social media posts, Indianapolis Mayor Joe Hogsett told The Indiana Lawyer that he discourages any request for a National Guard intervention.
Commission signs off on city’s nearly $11M purchase of downtown heliport
The commission’s vote authorizes up to $11 million in cash from the city’s downtown tax-increment financing district to be used for the purchase.
Abrupt crane bay demolition at former GM stamping plant site caught many off guard
It took only a five-line clause in the state’s August land sale to Elanco Animal Health to bring down what was left of a nearly 100-year-old crane bay along the western bank of the White River.
Surack made $15M offer for heliport before airport authority’s vote to sell property to city
Fort Wayne billionaire Chuck Surack made an offer to buy the Indianapolis Downtown Heliport at a 38% premium on the price the city has agreed to pay for the site.
Elevator Hill investors buy former Capitol City Fence property with historic building
Other new developments around the former Angie’s List campus include the purchase of a home at 1149 E. Market St. and the opening of a cafe and bake shop at 1008 E. Washington St.
Fox Sports analyst Mark Sanchez’s trial date set in case over fight with truck driver
Sanchez has been off the air since the Oct. 4 incident at the Westin Hotel in downtown Indianapolis.
Aroma Indian restaurant to take over former Gallery Bistro location
The restaurant will be a sibling business of Aroma Experience, which opened in 2024 as part of the Carmel City Center development.
Indianapolis development officials seek new operator, ideas for revamped City Market
The market, which was closed for redevelopment in early 2024, was previously operated by nonprofit City Market Corp., but will reopen under a private operator.
Airport authority plans nearly $11M sale of heliport to Indianapolis
The city’s interest in the property surged after it was told that Major League Soccer might want to locate a club downtown, with city officials pitching it as a location for a soccer-first stadium.
Marion County prosecutors file felony battery charge against Fox football analyst Mark Sanchez
Marion County Prosecutor Ryan Mears also responded to now-deleted posts by Gov. Mike Braun and Lt. Gov. Micah Beckwith criticizing Indianapolis public safety officials for allowing the state’s capital to descend into “lawlessness.”