Indiana awards $557M for low-income housing in ‘historic’ investment
Together, the projects are expected to result in nearly 2,500 new housing units in the state.
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Attorney General Rokita plans to appeal ruling backing IPS in lawsuit over $1 law
Indiana Attorney General Todd Rokita said he will appeal a Marion County judge’s ruling that grants Indianapolis Public Schools an exemption from state law requiring districts to sell closed school buildings to charter schools for $1.
RH unveils its ‘hospitality experience’ at the previously private DeHaan estate
The retailer has transformed the property at 4501 Michigan Road into a restaurant, wine bar, installations featuring the company’s furnishings and the RH Interior Design Studio.
City-County Council committee advances $37M plan to finance jail demolition, building improvements
If approved, the bonds are expected to pay for the demolition to demolish a former Marion County Jail 1 and renovate portions of the City-County Building ahead of a planned consolidation of city employees from satellite offices.
Judge grants IPS exemption from state law in sale of two closed school buildings
Indianapolis Public Schools may sell two closed school buildings without first offering them to charter schools for $1, a Marion County judge ruled on Monday.
Carmel condo at top of City Center could fetch up to $7.5M
The SkyPalace has five bedrooms, a room with three bunk beds, a rooftop pool, eight parking spots, three private entrances, two hidden passages, a safe room, a sauna, three fire pits, three outdoor grilling areas and a bar.
Starbucks to launch store in Mile Square after leaving Monument Circle
The coffee shop is among several improvements planned for the 11-story office building that is headquarters to Kite Realty Group.
WeWork seeks bankruptcy in stunning fall for firm once valued at nearly $50B
The office-sharing company once seen as a Wall Street darling had promised to upend the way people went to work around the world, but is now seeking Chapter 11 protection.
New Garfield Park business Skosh seeks coffee fans, home decor shoppers
Store founder Haley Hilts describes the store as “a lifestyle studio where everything you see you can buy.” Even the coffee mugs are for sale.
Developers eyeing renters, not buyers, for new communities
Build-to-rent houses are typically built as a master-planned community with 100 to 200 houses, average monthly rents of around $2,000, and amenities.
Jury awards $1.8 billion in Realtor case, finds groups conspired to inflate commissions
The decision involves a sale’s commission, which hovers around 5% to 6% of the home sale price and is paid by the home seller both to the sellers agent and the buyers agent.
Townhome project proposed along Monon Trail on near-north side
The project would consist of 42 single-family attached homes in the Martindale-Brightwood neighborhood.
Soul-food landmark Kountry Kitchen set to reopen
Indianapolis restaurant Kountry Kitchen Soul Food Place, which closed in January 2020 after a fire destroyed its building, is scheduled to reopen Thursday in a brand new building in the Kennedy-King neighborhood.
Walker Legacy Center to start endowment with proceeds from real estate sales
The sale of Walker Plaza, which was built in 1989, also clears the way for the center’s leadership to usher in a new plan for the Legacy Center, which is expected to focus on further educating the public about C.J. Walker and her work as a businesswoman and prominent figure in Indianapolis in the early 1900s.
Rapid change on near-north side continues with $45M housing development
The Stella, when completed, will provide 166 new, mixed-income housing units and retail space in the 1800 block of North Meridian Street. A groundbreaking for the project took place Wednesday.
Developer resubmits plans for $65M senior living community in Westfield
Plans call for the 200-unit project to include a three-story, 150,000-square-foot main building and eight “villa-style” buildings.
Creative agency plans move to historic Lockerbie building
Indianapolis marketing and communications agency Well Done Marketing plans to move to a building constructed in 1861 that was once home to businesses operated by well-known interior designer and historic preservationist Sallie Rowland.
City hires New York firm for fresh perspective on Indiana Avenue redevelopment
City officials have hired an out-of-state firm to create a development plan for the Indiana Avenue corridor, a part of downtown that has seen neighbors push back on recent project proposals.
Corteva to occupy new $30M distribution center in Anderson
The 300,000-square-foot facility is being developed by local industrial real estate firm Scannell Properties LLC.
Indy’s Smokin’ Barrel Barbeque adding New Palestine location
The second Smokin’ Barrel is expected to open before December on the first floor of the New Palestine Masonic Lodge No. 404.