Denny’s expects to close 150 locations by end of 2025
About half of the closures will happen this year and the rest in 2025, the company said during a meeting with investors Tuesday. The restaurants represent about 10% of Denny’s total.
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Whitestown looks to proposed $110M project as next step for town
Indianapolis-based New City Development is formulating plans for Padgett Commons, which would be built on 40 acres of undeveloped property east of I-65 near the intersection of East County Road 550 South and Perry Worth Road.
Housing starts ease nationally on decline in multifamily construction
U.S. housing starts slowed in September as a drop in multifamily projects outweighed a pickup in construction of single-family dwellings.
New book details first 80 years of architecture in Indianapolis
With a belief that older structures give a city its personality, architectural historian and historic preservation consultant James Glass spent the past four years investigating a century’s worth of Indianapolis traits.
Real Estate Weekly: Oct. 15, 2024
The following items were in the Oct. 15, 2024, edition of IBJ’s Real Estate Weekly e-newsletter.
With long slate of local projects, construction firm Skender moves offices to fit growing workforce
Skender’s focus on health care, office and municipal projects has reaped millions of square feet of work for the firm in central Indiana since opening its first local office in 2020.
Central Indiana existing-home sales rise for third time in past six months
Declining mortgage rates and more inventory led to a positive month for existing-home sales in central Indiana in September, according to the latest data from the MIBOR Realtor Association.
Glut of development creates challenges in finding subcontractors
While contractors have so far been able to keep up, the strain could get worse next year and beyond.
Indianapolis takes cue from South Bend on infill housing
Indianapolis planners are trying to streamline the process for developers to build multi-unit affordable-housing options on vacant city-owned lots.
Fernando’s Mexican & Brazilian Cuisine to add Mass Ave location
The owners of Broad Ripple restaurant Fernando’s Mexican & Brazilian Cuisine plan to open a Mass Ave location in early January.
Indianapolis Cultural Trail plans headquarters expansion
The not-for-profit that manages the Indianapolis Cultural Trail has launched a $2 million fundraising campaign to support the acquisition of its headquarters at 132 W. Walnut St. and an adjacent building to accommodate the expansion plan.
Real Estate Weekly: Sept. 17, 2024
The following information was published in IBJ’s Real Estate Weekly e-newsletter on Sept. 17, 2024.
Real Estate Weekly: Sept. 24, 2024
The following information was published on Sept. 24, 2024, in IBJ’s Real Estate Weekly e-newsletter.
Real Estate Weekly: Oct. 1, 2024
The following information was published on Oct. 1, 2024, in IBJ’s Real Estate Weekly e-newsletter.
Real Estate Weekly: Oct. 8, 2024
The following information was published in IBJ’s Real Estate Weekly e-newsletter on Oct. 8, 2024.
Q&A: Carmel native builds company by building community
How has Old Town Design Group consistently grown in spite of real estate market disruptions? And what is its plan for the future? Co-founder Justin Moffett addressed those and other questions.
3rd Shot Pickleball planning indoor facility in Carmel
3rd Shot Pickleball received approval this week from the Carmel Plan Commission’s Residential and Commercial Committee to retrofit a building with 15 courts.
City commission approves abatement for Angi building apartment conversion
Plans for the 180-apartment project also call for an entertainment commercial tenant for 18,000 square feet on the second floor and a white box retail space on the west side of the first floor.
Big Lots adds two local stores to closure list
The discount retailer has added more locations to its closure list since filing for Chapter 11 bankruptcy earlier this month.
Carmel-based real estate tech firm Realync acquired
Realync, whose platform allows apartment managers to offer virtual property tours, has been acquired by Texas-based Grace Hill Inc.