Historic Indiana Oxygen Co. Building lands medical tenant
The once-endangered 95-year-old building, which was moved to its current location in 1995, has been mostly vacant since the closure of Dunaway’s restaurant in late 2014.
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Developer eyes $100M-plus overhaul of Monument Circle building, purchased for just $6M
After launching the $120M Intercontinental Hotel across the street earlier this year, Keystone Group intends to collaborate with local and state officials to determine a long-term strategy for the former Anthem HQ.
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Developer plans mixed-use revamp of block cater-corner to Children’s Museum
Indianapolis-based New City Development is planning apartments, townhomes, a nonprofit headquarters and retail space to accompany the 190,000-square-foot office building already on the property.
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Hyatt Place, Bar Louie planned for Intech Park in $15M office building overhaul
While the exterior of the Intech Two building will remain largely the same, Indianapolis-based Ghoman Group plans to gut the interior to create a 140-unit hotel accompanied by a restaurant and conference center.
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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.
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Articles
Business Furniture moving HQ from Indianapolis to Noblesville
The area’s largest and oldest office furniture dealer plans to house 75 employees at its new facility and showroom.
Parkwood Crossing—central Indiana’s largest office park—gets new name
Philadelphia-based Rubenstein Partners has rebranded the office park to reflect its location as an entryway into Carmel.
Environmental consulting firm expanding in Indianapolis
BCA Environmental Consultants has doubled the amount of its office space in Indianapolis and plans to add nearly two dozen jobs.
Devoted nap-takers find benefits to sleeping on the job
Multiple studies have extolled the benefits of napping, such as enhanced memory and focus.
Study: Your standing desk isn’t making you any healthier
A large new study of more than 83,000 adults found that standing for more than two hours a day—as many people with standing desks do—didn’t protect against the cardiovascular risks of too much sitting.
Central Indiana’s largest office park secures new loan, additional investment
More than $36 million already has been invested into the campus over the past eight years, with updates to building systems, indoor and outdoor amenities, lobby spaces, restrooms and facades.
Owner of former Anthem HQ lists building on Monument Circle for sale
Listing the property for sale is a marked change from a years-long strategy of only looking for tenants to lease the sprawling, 213,600-square-foot office building.
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.
Carmel City Council OKs $19M TIF bond for Proscenium III project
Plans for the project call for 120 apartments, a 125-room high-end hotel, 63,000 square feet of office space, 15,000 square feet of retail space, 508 parking spaces and a public plaza.
Capital Improvement Board set to buy Pan Am Tower for $10.5M
The CIB is buying the property as a strategic acquisition tied to the ongoing redevelopment of Pan Am Plaza.
Developer tearing down six-story building by Glendale to build retail, office project
Demolition already has begun on the 56-year-old office structure, which was purchased out of foreclosure for $1.59 million. The developer envisions restaurant, retail and medical office tenants that will vibe with continued redevelopment along the Keystone corridor.
Downtown office properties are facing tough financial years—but mall project offers hope
It’s a challenge hitting urban centers across the United States. Downtown office buildings are seeing their values plummet and vacancy rates climb due to space consolidation and a continued hesitancy toward renewals and new leases following the pandemic.
Hoosier Lottery to buy downtown building for $9.1M
The Hoosier Lottery has leased two floors of the building at 1302 N. Meridian St. since 2011.
Owner of downtown’s Capital Center listing two-tower complex for sale
Zeller Property Group, which purchased the 648,000-square-foot property in 2018 for $63 million, has spent more than $18 million to revamp the property. But its occupancy rate is just 61%.
NBA weekend could be All-Star shot for downtown
Brokers are filling vacant retail spaces with corporate parties, personal events and an assortment of fan-focused pop-ups. They hope the crowds will want to return later for a fun night, a nice dinner or even office or residential space.
Office holiday parties shun booze and tinsel, push guac and pickleball
In the name of inclusivity, business leaders are opting for year-end celebrations cut totally free from seasonal connotations. And dropping liquor reduces the potential for unprofessional behavior.
Study: Letting people work from home boosts revenue growth
The survey is one of the first broad-based looks at how different work arrangements impact corporate performance.
Indiana 250: Mary Beth Oakes, Business Furniture owner and CEO
Mary Beth Oakes began working at Business Furniture—which is celebrating its 101st anniversary this year—as a showroom manager in 1992 and moved up to become CEO and co-owner.
16 Tech pencils in plans for two more buildings after early leasing success
Pre-leasing has begun on two buildings planned for the entrepreneurism-innovation district: a 100,000-square-foot laboratory building and a 40,000-square-foot office structure that would be dedicated to sports- and health-focused tenants.