La Margarita restaurant to move to Factory Arts District
The Mexican eatery will serve customers at the Murphy Art Building through Feb. 8 before moving. A March opening is planned at Factory Arts District.
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Existing-home sales in central Indiana finish 2024 with December surge
Closed existing-home sales in the 16-county area rose only slightly from 2023 to 2024 despite a strong finish to the year.
Purdue unveils first plans for $187M Academic Success Building in Indianapolis
Purdue University’s new multi-use building planned for the northwest corner of Michigan and West streets in Indianapolis is expected to rise 15 stories and open in 2027.
Council committee OKs $2.3M in TIF bonds for two apartment projects
A pair of apartment projects on Dr. Martin Luther King Jr. Street near the under-construction Indiana University Health hospital campus received initial approval for tax-increment financing bonds Monday evening.
Steer-In restaurant eyes reopening after health department shutdown
A customer’s sighting of a mouse in Steer-In’s dining room led to a call to the health department, restaurant co-owner Casey Kehrer said.
Town houses provide chance to fill ‘missing middle’
The typically two-, three- or four-story residence that ranges in size from 1,800 to 2,300 square feet and shares a wall with a neighbor often appeals to people looking for a less-costly option than a single-family home or to people looking to downsize.
Carmel Music Center, one of city’s oldest retail businesses, to close in February
Carmel Music Center’s owner has sold his 105-year-old building on Main Street to the owners of an Indianapolis home goods store.
City, developers unveil plans for City Market’s western plaza
Gershman Partners and Citimark plan to collaborate on the overhaul with the City of Indianapolis, which will spend about $15 million to improve the Indianapolis City Market’s western plaza with green space, outdoor seating and an indoor-outdoor cultural exhibit centered on the underlying Indianapolis Catacombs.
Eight Indiana coal sites offer ‘substantial opportunities’ for nuclear plants, per new Purdue study
Purdue officials announced in May that the university was selected to study small nuclear technology and how it can potentially be used to power Indiana in the future.
Q&A with Catherine Esselman on reimagining real estate
Esselman spoke with IBJ about her experiences running a solo firm and why she loves finding tenants for underused spaces.
Report shows more than 1,800 heirs’ properties without clear titles in Marion, Allen counties
The new report by the Federal Home Loan Bank of Indianapolis and Black Onyx Management found more than 1,800 heirs’ properties — land or property passed down among family members without a formal will or estate plan after the owner’s death — collectively valued at more than $258 million in Marion and Allen counties.
Big Lots says it found a buyer that will keep some stores open
It was unclear Friday how many stores could remain open in total. Indiana has more than 40 Big Lots locations, with a dozen in the Indianapolis area.
2024 Year in Review: City sees key development projects start or advance
More than $8.5 billion in development is underway across downtown, with more coming as projects in their earliest stages wind their way through the planning process.
2024 Year in Review: Coffee shops, pizza spots among new area eateries
The ripple effects of Starbucks closing a Monument Circle location in October 2022 continued to resonate in 2024, when multiple coffee companies opened in new downtown locations.
Long-awaited InterContinental Hotel yet to set opening date
Indianapolis-based Keystone Group has been working on the 170-room hotel, a $101 million adaptive reuse of the historic Illinois Building at 17 W. Market St., since 2018.
Pre-design funds approved for proposed Indiana judicial building
Proposals to construct a new building to house the state’s courts have been tossed around for decades. To get the ball rolling, Indiana budget regulators last week approved a $5 million request for pre-design funds.
Is the run of bank branch closures ending? Maybe.
Even in the era of online banking, banks say they still value the physical location, and several are making significant investments in expanding and improving their branch networks.
Indianapolis couple sues IU professor, students for $2B alleging they stole project plans
Tim and Doris Anne Sadler say the students disclosed the couple’s plans for a 1,550-acre development in Puerto Rico to a company that used the information to take over the project.
Carmel developer plans 315-unit luxury apartment project in Plainfield
Located north of The Shops at Perry Crossing shopping center, Crossing 5 Towns & Flats is expected to offer market- and above-market-rate units ranging from one to three bedrooms.
City initiates demolition of 8 more buildings at troubled Towne & Terrace
The ultimate goal of the Hogsett administration is to redevelop the 20-acre property site in conjunction with the neighboring Oaktree Apartments site.