Butler closes on purchase of seminary buildings, 40 acres of land
Butler University’s College of Education plans to move into the main Christian Theological Seminary building in the 2018-2019 academic year.
Real Estate
Articles
Downtown building owner seeks tax break for $2M renovation
Growing architecture firm Guidon Design Inc. plans to occupy the currently vacant and dilapidated structure on North Pennsylvania Street and boost employment by nearly 50 percent.
Poultry purveyor wonders if dip in wing sales is due to NFL player protests
Wing prices slumped in each of the last three months—tracking with the start of this year's contentious NFL season—and are now 14 percent lower than a year earlier.
Simon investing heavily in upgrading, transforming mall properties
The Indianapolis-based retail real estate giant is spending $1 billion annually to upgrade its high-end properties, including adding splashy non-retail features like housing and hotels.
Roundup: Rock Bottom on northwest side closes; new dates for Musk eatery openings
The Colorado-based micro-brewery offered craft beer in Indianapolis long before the trend took off. to become much more competitive. The downtown location remains open.
Former downtown bus station in transit to transformation
The owner of the structure, which served as a Greyhound bus terminal until 2001, is modernizing the space in hopes of attracting a mix of office tenants and restaurants.
Owner of esteemed golf course proposes ditching links, building mixed-use project
Redeveloping the Zionsville course—consistently ranked among the best in the country—could include 360 single-family homes and 200 multi-family housing units.
City agrees to pay $4.2M for land to build justice center
The city of Indianapolis has taken a major step toward building the $572 million criminal justice center in Twin-Aire neighborhood where the Citizens Energy coke plant once stood.
Residents object to third development plan near Westfield golf club
Westfield residents want to keep the city’s only public golf course open, but so far, any project that could do so hasn’t been able to tee off.
Retailers eye merriest Christmas since recession as sales surge
The Commerce Department reported better-than-expected U.S. retail sales for November and revised its October figures upward, bringing a fresh wave of optimism to a long-embattled industry.
San Francisco firm converting historic downtown office building into hotel
The 109-year-old building—once the tallest structure in Indianapolis—is slated for a transformation into a 130-room hotel expected to open in early 2020.
‘Premier restaurant’ envisioned to anchor $81.4M hotel across from fieldhouse
The 316-room, dual-brand hotel building is expected to be finished in April 2019, about two years before the city hosts the NBA All-Star Game.
Culinary complex in Fishers reveals first two tenants
A local restaurateur with a long track record in red meat and high-end dining is planning both a casual eatery and throwback watering hole at The Yard at Fishers District.
Pie Five closes near Monument Circle, making way for burger chain
The fast-fire pizza chain on Saturday shut its doors, but it won’t be long before another fast-casual option opens in the same high-visibility location.
Indianapolis real estate attorney Karl Haas dies at 57
Attorney Karl Haas worked on some of the Indianapolis area’s biggest real estate projects over past last three decades.
Construction set to begin on $17M downtown hotel
The project has been in the works for two years. A ceremonial groundbreaking is set for Wednesday at the site, two blocks east of Lucas Oil Stadium.
Three-story building to rise on hot East 16th Street corridor
Mainstay Property Group has won approval to construct the office and retail project as the street’s commercial revival kicks into high gear.
Longtime Mass Ave tavern closing, with Cunningham in wings
The second-oldest bar in Indianapolis will soon close its doors, clearing the way for one of the city’s most dynamic restaurateurs to take over the space.
Local restaurateur taking over Cerulean space at high-end hotel
The group behind some of the city’s hottest eateries of the last decade plans to open a “coastal Italian” concept in the space that Cerulean is vacating at the end of the month.
Couple who pitched Westfield baseball center bristle over potential deal with mayor’s nephew
Sue and Chris Estep, owners of RoundTripper Baseball Academy in Westfield, say they met with Mayor Andy Cook to discuss the possibility of relocating to Grand Park.