Mammoth distribution center sold to California firm
A real estate firm with growing holdings in the Indianapolis area has purchased a 1.1 million-square-foot distribution building in the AmeriPlex at Indianapolis business park.
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Developers roll out pair of homeless-housing projects
Two proposals to add much-needed downtown housing for the homeless have the support of city officials, but one of the projects is drawing stiff resistance from neighbors concerned that it will create a host of safety issues.
Special Report: City’s building spree leaves trail of spoils
Mayor Greg Ballard takes pride in Rebuild Indy, the city’s nearly $400 million program that doubled the volume of public works projects—and became engineering and construction firms’ largest business opportunity with the city in more than a decade.
Capitol Ave. projects could transform downtown area
Redevelopment of a long-abandoned historic building on North Capitol Avenue is beginning to take shape and is just one of several projects that could help transform the three-block stretch.
HHGregg strategy shift vaults stock to 52-week high
The Indianapolis-based appliance and electronics retailer’s stock hit a sort of milestone Tuesday, closing above $18 for the first time since early 2011.
Roundup: Lincoln Square, Taverna 1850, Agave
Lincoln Square Pancake House has opened its eighth central Indiana location, at 2330 N. Meridian St. in the former home of a furniture shop next to Mercedes Benz of Indianapolis.
City files nuisance suits against apartments
The two west-side apartment complexes have generated more than 3,200 police runs since 2008, according to the lawsuits. One owner told IBJ on Tuesday he would work with the city to make improvements.
Speedway roundabout to reconfigure key intersection
The $14M project should be finished late next year and will replace the confusing and often-dangerous Crawfordsville Road and 16th Street intersection near the Indianapolis Motor Speedway.
$11M Irvington apartment project entering second phase
Irvington Lofts, a 50-unit affordable housing project, is slated to open in the fall, as construction begins on a nearly 6,000-square-foot adjacent medical office that will be occupied by Franciscan St. Francis Health.
City: $60 million needed for Monument Circle overhaul
The project would entail reconstruction of the brick-paved Circle and adjacent blocks along Meridian Street and Market Street. Construction could start in 2016.
City: $60M needed to make Circle more pedestrian-friendly
The project would entail reconstruction of the brick-paved Circle and adjacent blocks along Meridian Street and Market Street. Work could begin in 2016.
Chemical cleanup planned at old factory site
The trust created to revitalize and market former General Motors properties has set aside about $7 million to clean up a contaminated site in Kokomo where a factory stood from 1915 to 1993.
Tepid U.S. retail sales spark concern about economy
Bleaker outlooks at retailers like Wal-Mart and Macy's are raising doubts that consumers will spend enough in coming months to lift the still-subpar U.S. economy.
Pittman family finally moving forward on mixed-use Zionsville project
After decades of choosing to wait, a Zionsville family is moving forward with a $90 million mixed-use project on the high-profile corner of Michigan Road and Sycamore Street.
Broad Ripple apartment project gets preliminary approval
The controversial residential-and-retail development along the Central Canal got the nod from a city hearing examiner on Thursday. A zoning change and variances for the project still require additional approval.
Endangered Phillips Temple avoids demolition, for now
The historic but vacant structure at 1226 Dr. Martin Luther King Jr. St. has attracted a few potential buyers, prompting Indianapolis Public Schools to delay demolition of the building pending a deal.
Indy-based Lids to open 200 outlets in Macy’s stores
The arrangement is considered an inexpensive way to expand Lids’ reach into large, sports-centric cities. But Wednesday’s earnings report from Macy’s indicates consumers aren’t spending as much on apparel.
Area home sales decline for first time in 2-plus years
The pace of home-buying has fallen due to higher mortgage rates, rising prices and lower inventories.
IndyFringe’s theater addition to get boost from developer
The theater group’s plans for a 2,100-square-foot addition at its home base near Mass Ave. will receive in-kind construction services from Milhaus Development LLC, which is building its Circa project just to the south of IndyFringe’s headquarters.
Adjacent Chatham Arch properties could attract redevelopment
The roughly one-acre properties at 625 E. 11th St. and 602 E. 10th St. encompass an entire city block.