$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.
Real Estate
Articles
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.
Father-son Sahm’s duo blazes trail to build 15-restaurant juggernaut
Sahm’s Restaurant Group focuses on filling underserved niches, making its customers happy with unpretentious food, and building deep connections with the neighborhoods in which it operates.
New developer tackles downtown projects in smaller towns
Rebar Development launched just over a year ago, and already the small team has won three projects that are the result of public-private partnerships with metro-area communities.
IPS sells maintenance buildings for $2.75M
The buyer is TWG Development LLC, one of four bidders for the 4-1/2 parcel. It plans to construct 190 market-rate and affordable apartment units and office space.
MD Logistics adds fourth warehouse in Plainfield
The third-party logistics company said it plans to increase its workforce by 50 full-time workers over the next five years.
UPDATE: Shake Shack among slew of new restaurants set to land at Indianapolis airport
The airport’s board is set to vote Friday on concessions contracts for the burger chain and 11 other local and national airport newcomers. In all, the contracts cover 19 food and beverage spots.
Lumber Liquidators paying $33M to settle U.S. fraud charges
One of the biggest retailers of flooring products will pay to settle fraud charges by federal authorities who accused the company of falsely saying its Chinese-made laminate flooring met formaldehyde emissions standards.
Opponents of proposed Carmel mosque lose zoning appeal
The Carmel zoning board’s approval of the construction of an Islamic community center was affirmed Tuesday as an appeals court determined opponents of the planned mosque failed to timely file the necessary paperwork to make their case.
District Tap gets needed approval to open downtown site
The District Tap is proceeding with plans to open a location at 141 S. Meridian St. after receiving approval to add a patio door on Georgia Street.