Memory Bank: 94 years before IBJ moved in
This photo shows the the southeast quadrant of Monument Circle in 1925, shortly after the Continental Bank building—later expanded and renovated into the IPL building—was constructed.
Real Estate
Articles
Residential Real Estate: Marketplace Stats for March 29, 2019
The number of active listings in central Indiana—at 5,077 at the end of February—remains low, although it’s 15 percent higher than at the same time a year ago.
IPS sees ‘tremendous market’ for Broad Ripple site, but first needs change in law
Indianapolis Public Schools offered a comprehensive analysis Tuesday, showing strong demand for housing, retail and office development on the 16-acre site of the closed Broad Ripple High School. But that can’t happen without changes to state law.
Indianapolis-based Simon launches online shopping platform
The platform, called SPO, focuses on Simon’s Premium Outlet properties and is now in beta testing with the company’s VIP Club customers.
Symphony explores office move from Washington Street landmark
The Indianapolis Symphony Orchestra is conducting a feasibility study on its office space needs that could lead it to leave the 17-story, 107-year-old building it owns behind Hilbert Circle Theatre.
Midwest Fertilizer says $2.8B Indiana plant still on track
The construction of the plant in southwestern Indiana is still on course following the resolution of a dispute with the Internal Revenue Service, the facility's developers said.
Area builders file to build fewer homes for third straight month
Last year turned out to be the busiest year for builders in more than a decade, but filings have been slowing since the fourth quarter.
Saraga to open expansive international grocery store near Castleton Square
The locally based international grocery store chain has acquired a long-vacant Target store in Castleton and the adjoining retail center.
$3M grant puts Big Car on fast track
The Lilly Endowment is paving the way for the renovation of a 40,000-square-foot vacant factory in the Garfield Park area into artist studios, performance spaces, a public cafe and more.
Gershman, Citimark buy Gold Building, two adjacent properties
The deal includes the Gold Building and the office building at 251 E. Ohio St., both of which have struggled with low occupancy in recent years.
Hotel Tango preps for statewide push
The craft distiller’s products already are available at about 700 of the state’s 4,000 outlets licensed for retail alcohol sales, but company officials have far higher ambitions.
Memory Bank: Sewing custom suits
Henry Kahn founded Kahn Tailoring in 1903 and employed hundreds of Jewish immigrants, providing benefits that were not offered by many other employers at the time. This photo was taken in 1907, before the company moved to a new building.
Cunningham Restaurant Group to open Rize restaurant at The Yard in Fishers
The second location of Rize will have twice the space as the original Rize at Ironworks Hotel in Indianapolis.
Attorney renovates bank near criminal justice center campus, seeks office tenants
The owner of Dean-Webster Legal LLC and her husband bought the 1.7-acre parcel last year and hope to attract other professionals who want a straight shot up Southeastern Avenue to the campus.
Indiana Black Expo purchases east-side building for new headquarters
Indiana Black Expo said it plans to spend $4 million to renovate the Crossroads Bible College building in several phases.
New owner of historic White Castle building ordering up rehab
Jason Hartman plans to fix up the turreted downtown building—one of White Castle’s first generation of fast-food restaurants—and lease it to a new user as retail, office or live-and-work space.
IBJ Podcast: He grew up in Sahm’s restaurants; now he’s expanding the business
Eddie Sahm talks to host Mason King about growing up in restaurants, his parents’ expectations for his career and how his skills differ from those of his father, Ed Sahm.
Carmel issues request for proposal for PNC Bank property
The Carmel Redevelopment Commission is seeking a developer to transform the northeast corner of Main Street and Rangeline Road with a mixed-use development.
Aldi plans new store in former Marsh at north-side shopping center
The Germany-based discount grocery chain has leased about 22,000 square feet and will occupy a little more than a third of the former Marsh Supermarket space.
Hotel owners voice concerns over Pan Am Plaza project to state lawmakers
Some of the most prominent hotel operators in downtown Indianapolis told state lawmakers Wednesday that the process that led to developer Kite Realty Group Trust and Hilton being selected for the Pan Am Plaza project was unfair.