Platinum Properties planning to build 65 townhouses in Whitestown
Ellis Acres would be built on 10 acres on the southwest side of the intersection of County Road 750 South and Indianapolis Road near the interchange of Interstates 65 and 865.
Real Estate
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Lauth finalizes purchase of Ford Visteon site, with plans for 2M-square-foot industrial park
Carmel-based developer Lauth Group Inc. said Wednesday it has acquired the former Ford Visteon campus on the east side of Indianapolis and is moving ahead with plans for a $175 million, multi-tenant industrial park on the site.
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East Coast wing chain planning multiple locations in Indianapolis area
Atomic Wings, a fast-casual chicken wing chain, plans to makes its Midwest debut in Indiana after signing a 10-unit development deal with an Indianapolis-based businessman who is well-acquainted with operating restaurant franchises.
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Stutz completes 12-tenant roster for first floor of former factory
SomeraRoad Inc. unveiled on Friday a lineup of 12 tenants for seven Stutz buildings that occupy an entire city block. Among the new tenants: a taco shop founded by Milktooth chefs and a bar managed by Sahm Hospitality Group.
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La Margarita co-owner plans Mass Ave spot for private dining
Proper is planned as a private dining concept and variety shop in the former location of Mimosa & a Masterpiece.
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Articles
Closing, consolidating IPS schools could depend on condition, usage scores
The fate of more than 60 district schools may be determined in the coming weeks, as IPS grapples with declining enrollment in its traditional neighborhood schools.
Existing-home sales sink 12.1% in central Indiana
Median prices of homes sold in central Indiana ticked down slightly from June to July, but are still significantly higher than they were a year ago.
Auto enthusiasts pay $200K+ for customizable condos for their cars
The desire to connect with people who are passionate about anything with wheels and a motor led entrepreneur Jay Farmer to open Motor District Garage Condos in Westfield.
FBI: Data from mall gunman’s laptop cannot be recovered
The gunman placed his laptop in the oven at his apartment with a can of butane before departing for the shooting, police have said. The oven was on and set to a high temperature.
Central Indiana fair-housing group reaches settlement in senior-living lawsuit
The Fair Housing Center of Central Indiana and 11 partners in other states have reached a settlement agreement with a New York-based operator of senior-living apartments, including several in the Indianapolis area.
Carmel’s City Center enters final stage of construction
Two mixed-use buildings—the Wren and Windsor—under construction this summer are the final pieces of the $300 million development that created a new core for Carmel.
$120M project from Elevator Hill developer picked for Jail II property
The firm leading ambitious redevelopment plans for the former Angie’s List campus on the east side of downtown—now known as Elevator Hill—is the city’s pick to take on the former Jail II and Arrestee Processing Center right next door.
Books & Brews chain continues to shrink with south-side closure
Planned closures on the south side of Indianapolis and in Zionsville will leave Books & Brews with just two locations, down from 10 in 2019.
Developer Bob Borns, who renovated Union Station in 1980s, dies at 86
Borns, a consummate salesman and outspoken advocate for Indianapolis, built his first project in the 1960s and by the 1980s was developing high-profile downtown projects.
Construction industry looks to youth to fix labor shortage
Experts predict the state will need more than 275,000 additional workers by 2026.
IU Health reevaluating scope of $2.68B downtown hospital campus
The Indianapolis-based hospital system said in financial filing Thursday that the review comes in light of higher-than expected patient demand during the pandemic, inflation and sustainability goals.
Drive-thru coffee shop 7 Brew plans expansion to Indianapolis
Arkansas-based 7 Brew launched a franchise program after the founders of Jimmy John’s and Lone Star Steakhouse invested in the company.
Ellison Brewing Co. cites decreased downtown activity in decision to close
The owner of the craft beer business founded in Michigan said the COVID-19 pandemic sealed the fate of the downtown Indianapolis location near Rolls-Royce Meridian Center.
U.S. new-home sales fall more than forecast to two-year low
The figures reflect a cooling market as the Federal Reserve raises interest rates to soften demand in the broader economy and tame decades-high inflation.
Rents spike as big-pocketed investors buy mobile home parks
Driven by some of the strongest returns in real estate, investors have shaken up a once-sleepy sector that’s home to more than 22 million mostly low-income Americans in 43,000 communities.
Merger gives Kite Realty Group Trust post-pandemic strength
President and COO Tom McGowan is at the forefront of major shifts for the local real estate firm, which has significant projects on tap in central Indiana.
Indoor golf simulator chain to open location in downtown Indianapolis
New York City-based Five Iron Golf’s planned facility is expected to feature 12 golf simulators as well as televisions, leisure games, a full-service restaurant and a bar.
Indy Parks nearing approval for $20M Frederick Douglass Park family center
The project set for 1616 E. 25th St. calls for a 45,000-square-foot building with a gymnasium, fitness rooms, a walking track, park offices, and community and meeting rooms.
Steak n Shake owner plans $3M rooftop tavern next to Fieldhouse
Sardar Biglari expects to spend at least $3 million to renovate the historic C.A. Schrader building’s top floor and construct an addition to the neighboring structure.