Sojos Capital principal Fabio de la Cruz—who introduced an ambitious $200 million project for the northwest-side property in November 2021—said the new master plan will require much more investment and involve multiple development partners.
Nation’s Restaurant News reported Tuesday that Nashville-based O’Charley’s decided this month to close 18 underperforming restaurants. Among them were two in the Indianapolis area.
The Indiana Law Enforcement Academy improvements are part of a string of capital projects prioritized by Holcomb in recent budget sessions at the Statehouse.
According to Attorney General Todd Rokita’s office, at least 40 renters filed complaints earlier this year about deteriorating conditions at Lugar Tower Apartments, including a lack of security, fecal matter in stairwells and pest infestations.
The amount of time homes are spending on the market in the Indianapolis area has almost doubled compared with a year ago, but median sales prices are still on the rise.
The development partners, operating as DJ BCG Monon 22 LLC, have the land under contract from the Indianapolis Neighborhood Housing Partnership, which acquired the site in February 2022 for $2.25 million.
Rates have risen for the pst four weeks, grim news for would-be homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale.
The 57,000-square-foot venue opened in October 2013 and featured 13 auditorium theaters with dine-in service and a full bar.
A local motorsports not-for-profit plans to acquire more than two acres at the former Central State Hospital campus on the west side of Indianapolis with a goal of converting the property into a new multi-building headquarters.
A major shareholder of the Indianapolis-based company had been attempting to get its own CEO elected to the board instead.
Houston-based Landry’s Inc. plans to open a Del Frisco’s Double Eagle Steak House in a space in downtown’s core that has housed several upscale eateries.
The eighth and final season of Indianapolis-based home renovation series “Good Bones” is scheduled to debut Aug. 15 on HGTV.
Plans call for the nets at Gray Eagle’s 38-acre driving range to be almost as tall as those used by TopGolf at its Fishers facility along Interstate 69. Gray Eagle also plans to build a 5,000-square-foot bar and restaurant inside a new clubhouse.
Rob Wynkoop, vice president of auxiliary services at Purdue, said the university has been actively exploring the return of commercial air service to the airport.
The Indianapolis Department of Metropolitan Development has started soliciting ideas for what could be done with the site of the former John Marshall High School, which it purchased from Indianapolis Public Schools for $725,000 last month.
Time will tell whether Hoosier hospitality is reciprocated to a wave of coffee retailers that built customer bases in other states before setting up shop here.
Indianapolis-based Noble Roman’s Inc., which is battling one of its biggest shareholders over whether to replace CEO Scott Mobley on the restaurant company’s board of directors, is now facing a lawsuit from that shareholder over the same issue.
The ceremony follows months of construction work beneath the plaza to stabilize certain structures, like Pan Am Tower, and prepare the site for a three-year buildout.
A Las Vegas-based not-for-profit founded by former IndyCar driver Sam Schmidt announced Tuesday that it will spend $21.4 million to purchase, renovate and equip the former Five Seasons Family Sports Club facility, which closed in 2017.
The White House also announced that it was forming an inter-agency task force to develop ways to fund efforts to convert more commercial buildings to residential housing, especially zero emissions and affordable units.
