Hilton planning two hotels in Indy under new brand
Called Tapestry, the brand is designed to jump on the bandwagon for individualized and upscale hotels with distinctive local features.
Real estate deals
Articles
No room in the industrial market as occupancy soars
The Indianapolis-area industrial market ended the year with vacancy of just 3 percent, nearly half of what it was at the end of 2015. The upshot: More properties are needed, and several million square feet of space are in the pipeline.
Ambrose pays $47.8M for north-side office property
The local real estate firm bought the Parkwood West building and 14 acres of adjoining land from Duke Realty, which is exiting the office market.
Co-working company buys downtown’s Circle Tower
Level Office said it plans to devote part of the building to membership-based co-working space with private offices and communal lounge areas, an espresso bar, 500-megabits-per-second fiber internet and local beer on tap.
‘Perfect recipe’ leads to Fishers food-centric development
The culinary-centric development proposed in Fishers is an unusual concept for the northern suburb, but it’s an idea experts say just needed the right recipe.
$50M Penrose on Mass project to get underway following parcel sale
The project will include 236 apartments, 40,000 square feet of retail space and a 379-space parking structure.
Old Greenwood city hall acquired, lands tenant
Cornerstone Autism Center plans to hire about 30 employees in the next year in the 96-year-old Polk Building, which is undergoing a major rehab by its new owner.
After slow stretch, Southport’s commercial core sparks with new projects
Sophia’s on Southport Road near Madison Avenue is opening ahead of a big expansion for a dental claims processor and the construction of an $11 million senior living facility.
Developer aims to convert historic downtown building into 110-room hotel
The firm has purchased One Jackson Square and is in discussions to brand it a Canopy by Hilton. The fate of first-floor restaurant tenant Ike & Jonesy’s has yet to be determined.
Construction under way on Celadon’s new $24M headquarters
The trucking company will move from the east side of Indianapolis to Mount Comfort in Hancock County, where it will have room to grow and better access to Interstate 70 for its drivers.
Wurth Service Supply expanding, moving to Greenwood with $11.5M project
The distribution company, currently located on the north side of Indianapolis, is building a 230,000-square-foot facility in Greenwood’s Southpoint Business Park.
Senior-living developer planning $45M expansion in Zionsville
Indianapolis-based BHI Senior Living is opening part of its 300-acre Hoosier Village campus for 150 deluxe duplex units to be pitched to baby boomers.
Developer continues to revive intersection north of East 16th Street
Now that Cannon Ball Brewing is close to opening in the suddenly hot area, Reveal Properties is beginning to renovate an adjacent building on Bellefontaine Street for office and restaurant use.
High-rise hotel pitched for surface lot across from fieldhouse
A New Orleans company wants to build a 15-story hotel and a seven-level parking garage on downtown property where two previous attempts from other developers have failed.
Brownsburg attracts $4.8M office project as part of bigger plans for downtown
The suites-style facility slated for Arbuckle Park is part of the town’s effort to create an identity for downtown through new spaces for living, working and playing.
Three massive industrial projects on tap for Plainfield
The buildings will add 1.8 million square feet to the town’s already robust distribution market and will be built on a speculative basis, indicating healthy demand for such space.
Strategic Capital Partners makes major move
Two former top executives of Duke Realty Corp. are parlaying their experience at the publicly traded developer to take their real estate firm to new heights.
Cleveland company acquires former Navistar plant site
The Brookville Road plant, which includes about 1.6 million square feet on about 90 acres, houses a former engine plant and foundry that once employed hundreds of workers.
Developer of Coke site plans to preserve much of historic building
The CEO of Hendricks Commercial Properties says saving the structure as part of a massive $260 million redevelopment is important to "everything we're trying to create there."
Opposition mounts to VA’s plan for Crown Hill columbarium
The U.S. Department of Veterans Affairs wants to build the structure on nearly 15 wooded acres owned by the cemetery, but a group led by the Indiana Forest Alliance is hoping to stop the project.