Purdue programs moving to Switch development in Fishers
Two Purdue University programs have announced intentions to occupy the second floor of the Fishers Switch development.
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Giant Eagle wins battle to demolish church, build gas station
Members of the Metropolitan Development Commission voted 4-2 Wednesday to let Giant Eagle Inc. pursue its plan to demolish a historic church and build a gas station and convenience store in the town of Cumberland.
Plainfield mall owner kicks off $11.1M renovation
The Metropolis mall will receive a facelift, as well as a name change. Its owner hopes the massive retail center that struggled under previous ownership can become a regional draw.
$32M student housing project proposed near White River
Annex Student Living LLC wants to build a six-story, 248-unit apartment building along West 10th Street on a four-acre parcel the company has agreed to buy.
Zionsville considers financing plan for new town hall
The Zionsville Town Council discussed a financial arrangement Monday night that would include constructing a new town hall on the land directly north of where the existing municipal building sits on Oak Street.
Legislation protects county assessments on big-box stores
A new measure on the taxation of big-box stores is expected to help Indiana counties avoid fiscal disaster, but national retailers aren’t happy about it.
Beverage bottler plans $6.3M local distribution center
American Bottling Co. plans to develop a $6.3 million distribution center on the northwest side of Indianapolis, leaving behind a site it has occupied in nearby Park 100 for 40 years.
Bank headquarters slated for new $25M Carmel Midtown project
Merchants Bank of Indiana plans to move its corporate headquarters into a 100,000-square-foot building to be constructed in Carmel’s Midtown development. The $25 million project also will contain a multi-vendor retail operation.
Historic state-owned office building hitting the market
The Harrison building at 143 W. Market St. will hit the market Monday. Built in the late 1920s as the Harrison Hotel, the 40,000-square-foot building offers views of the Indiana Statehouse.
More Americans spending at least half their pay on housing
The Great Recession caused waves of foreclosures and layoffs that pushed more Americans into renting. More than 36 percent of people now rent, compared with 31 percent before the recession began in late 2007.
$1B Methodist plan could spur neighborhood rebirth
The area surrounding Methodist Hospital at Capitol Avenue and West 16th Street could be ripe for much-needed redevelopment following Indiana University Health’s announcement that it will spend $1 billion to expand the campus.
Hoteliers hesitant to bet on Grand Park Sports Campus crowds
A strong debut for Westfield’s Grand Park Sports Campus is driving hotel demand for a town without any rooms of its own and few hotels in the works.
Another huge project to further test demand for youth sports facilities
With a second massive youth sports complex on the horizon in Hamilton County, is there enough demand to support both? Officials in Fishers and Westfield say they aren’t worried about competition, arguing demand is high and their respective sport complexes will offer sufficient variety.
Yats opening outposts as far away as Ohio, Tennessee
Patrons of the original Yats at East 54th Street and College Avenue probably don’t realize they’re experiencing one of the hottest concepts in restaurant franchising.
Hendricks Regional to make $40M bet with Brownsburg ER, outpatient center
Hendricks Regional Health will construct a 100,000-square-foot emergency room and outpatient center on the north side of Brownsburg by early 2017, hoping to capitalize on an underserved part of the state’s second-fastest-growing county.
Kite reports higher profit, revenue on larger portfolio
The Indianapolis-based real estate company earned first-quarter profit of $5.1 million and revenue of $86.8 million, which more than doubled from the same period last year.
Hipsters in office towers? Building owners scramble to lure them
Paltry occupancy rates in downtown Indianapolis office towers have owners remodeling lobbies among other changes to remake their staid images.
Sarah Fisher planning karting facility in Speedway
The 60,000-square-foot Speedway Indoor Karting center is scheduled to open in April 2016, one month before the 100th running of the Indianapolis 500.
Prime College Avenue parcel up for bid
AT&T is seeking to unload the property south of Kessler Avenue in a bid process that is expected to attract plenty of interest from developers.
Duke Realty posts higher quarterly profit, revenue
The Indianapolis-based real estate developer reported strong earnings on higher occupancy and growth in rents.