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.
Real Estate
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Marian University seeks rezoning of former hospital complex, plans educational district
A state filing indicates as much as $154 million could be invested in the Larue D. Carter Memorial Hospital property in coming years by Marian University and other entities.
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Steakhouse in Phoenix to be first Huse restaurant outside of Indiana
The owner of St. Elmo Steak House and Harry & Izzy’s is planning the Arizona restaurant as part of a $2 billion redevelopment of a former shopping mall.
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Trump administration creates uncertainty regarding federal office buildings, leases
Brokers representing building owners have generally refrained from discussing the issue publicly, either because of the fluidity of the situation or because their companies carry government leasing contracts.
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Existing-home sales in central Indiana continue to slip
Closed existing-home sales in the 17-county area fell for the fourth time in five months in March, but sales prices continue to climb.
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Articles
Developer withdraws plans for massive Hancock County data center
Surge Development withdrew its rezoning request this week after significant public opposition to the plan, much of it voiced at a public information meeting earlier this month.
Local Scouting America council sells western Indiana camp
In February, the Crossroads of America Council announced its plans to sell the camp as well as its organization’s headquarters, the Golden-Burke Scout Center at 7125 Fall Creek Road North.
For sale: IEDC land purchased for LEAP project, but never used
After buying thousands of acres in Boone County to develop a technology park, the Indiana Economic Development Corp. quietly listed two properties for sale a month ago.
Westfield City Council approves major downtown development project
Plans call for Park and Poplar to have apartments, brownstones, office and retail space, and a parking garage.
Indiana Historical Society to keep its building, land after agreement with governor’s office
The deal follows concerns raised during the 2025 legislative session over proposed budget language that could have stripped the nonprofit of its biggest asset.
Town Council rejects plan for 350-plus homes in rural Zionsville
The plan for the Reserve at Union Woodlands was opposed by residents living in rural Zionsville and raised safety concerns from executives with the nearby Indianapolis Executive Airport.
Trump swiftly undoing transgender protections in HUD housing policies
With changes to the Equal Access rule and other guidance still unclear, what happens now often depends on where a case is filed.
Wawa reveals opening date for first Indianapolis-area store
Convenience store Wawa, which is set to open in Noblesville, offers built-to-order food such as hoagies and breakfast sandwiches, beverages, coffee drinks, and, in a majority of locations, gasoline.
Home ownership climbs further out of reach for most Americans
Based off the latest U.S. median home listing price, homebuyers need to earn $47,000 more a year to afford a home than they would have just six years ago.
Q&A with Isaac Bamgbose: ‘There’s definitely a need and a niche in the market that isn’t being met’
His New City Development firm’s first major project, announced in 2022, is a $300 million, 125-acre development called Hobbs Station in Plainfield.
Electric vehicle maker Rivian planning service center in Fishers
The facility would be the second Rivian service center in Indiana following one that opened in March in Fort Wayne.
Developer’s plan for 350-plus homes in rural Zionsville expected to face final test next month
A proposed 147-acre residential and commercial development continues to face opposition from nearby residents and Indianapolis Executive Airport officials.
Funding in question for food hall development near Monon in Carmel
Plans unveiled last year for Monon Square South called for a food hall, community gathering space, 45,000 square feet of office space, a 190-unit apartment building and a 602-space public parking garage.
Alexandria annexation bill signed into law
The legislation allows Alexandria to annex about 460 acres of noncontiguous land in Madison County, paving the way for an industrial park.
IU Indianapolis breaks ground on $60M science building addition
The expansion project will bring more laboratory and research spaces to the Science and Engineering Lab building at Indiana University Indianapolis.
Fishers passes rental home cap, while Carmel introduces its own
The Fishers City Council voted 9-0 to approve the proposed ordinance, which would cap the percentage of single-family rental houses. Meanwhile, Carmel began considering its own plan.
Fishers City Council to hold public hearing on rental registration proposal
The plan calls for limiting the percentage of single-family rental units per subdivision to 10%, but it would grandfather in existing rentals.
Hancock County officials to consider proposal for 776-acre data center campus
Shelbyville-based Surge Development LLC is asking for a zoning change and variances to develop a data-center project with a first phase containing about five main buildings, as well as numerous electrical, administrative and cooling facilities.
Fishers developer planning $60M apartment project on near-south side of Indy
The Annex Management Group Inc., which specializes in student and moderate-income housing, plans to earmark units for individuals and families making up to 60% of the area’s median income.