Area home-sale agreements on the rise again
Home-sale agreements in the nine-county Indianapolis area were up nearly 10 percent in June compared to the same month a year ago.
Real Estate
Articles
Browning adding more apartments to gain support for Broad Ripple project
The developer is proposing to add 15 units to the 88 apartments already included in the plans, increasing the cost of the project to $25 million.
Shelbyville sees spark of revival downtown
A homegrown revival in Shelbyville could gain serious momentum with redevelopment of the vacant First Methodist Building, one of the most prominent buildings on the circle. A California investor bought the five-story building in May and plans a $3.5 million renovation.
Upstart theater companies struggle to find spaces to call their own
Some of Indianapolis’ up-and-coming theater groups are establishing their identities through recently acquired performance spaces.
Firm passed over for Ball State planetarium cries foul
Bowen Technovation President Jeff Bowen says the university unfairly favored his Florida-based competitor to install a sophisticated audio-visual system for its new planetarium, but Ball State maintains there was nothing wrong with its process for awarding the nearly $2 million contract.
New owners plan to upgrade apartments plagued by shortcuts
The ill-fated Di Rimini apartment project that city officials halted three years ago because of numerous code violations is set to be resurrected by two local businessmen.
Nick’s English Hut’s ATM miscue spawns legal nightmare
The absence of a fee-disclosure sticker triggered a class-action lawsuit, as well as a legal tangle with the restaurant's insurance company.
San Diego wellness-program firm plans 300 jobs in Carmel
American Specialty Health has lined up office space along North Meridian Street. The company may establish Carmel as its new headquarters.
Former Loon Lake building getting new restaurant tenant
A franchisee of the Dallas-based chain Twin Peaks has signed a lease to occupy the building northwest of Interstate 69 and East 82nd Street and should be open by the end of the year.
Star negotiating HQ move to former Nordstrom at Circle Centre
The newspaper’s publisher confirmed it’s closing in on a deal to occupy the space after IBJ reported earlier Wednesday that the Star was considering a move to Circle Centre mall.
Westfield’s sports plan is grand
When it opens next spring, the aptly named Grand Park Sports Campus will be the largest youth sports complex of its kind in the country.
Developer poised to build 900,000 square feet of industrial space
The two buildings, one totaling 475,000 square feet and the other 450,000 square feet, are set to be built on 52 acres in Plainfield that Opus has owned since 2008.
Star’s search for space includes a few new entries
The CSX Building at the southwest corner of Pennsylvania and Georgia streets and space formerly occupied by Nordstrom within Circle Centre mall have emerged as potential locations for the newspaper’s new headquarters.
Software firm TinderBox relocating to Monument Circle
President Dustin Sapp expects the 8,800-square-foot headquarters in the Lacy Building to boost the three-year-old firm’s profile and help recruit employees as the company pursues plans to hire nearly 100 people over the next few years.
Northside office complex might fetch more than $40M
The three buildings near I-465 and North Meridian Street that make up Meridian Corporate Plaza were lost by Lauth Investment Properties LLC in its bankruptcy reorganization.
Aging east-side shopping center to be redeveloped
A local developer has received city approval to rezone 10 acres at Fall Creek Parkway and East 56th Street as part of a plan to demolish a mostly vacant retail center and replace it with a 42,000-square-foot anchor grocery store and other shops.
Promoters of arts trail recast vision
A mural slated for one wall of the Broad Ripple parking garage will be the first new artwork within view of the Central Canal Towpath, which a group of north-side institutions would like to rebrand as the Art2Art trail.
Auto dealers turn bullish, snag sites
Local car dealers are investing in projects ranging from new facilities to showroom renovations as the economy improves and the auto industry rebounds from a crippling slump in sales.
Brewery planned for former downtown winery building
A local restaurateur is renovating 7,300 square feet of space in the former Chateau Thomas Winery building at the south end of downtown and plans to open Tow Yard Brewing by late summer.
Kokomo eatery featured on ‘Restaurant Impossible’
Ducky’s Family Restaurant had been a staple in Kokomo for 50-plus years, but recent struggles earned it a spot on the Food Network’s “Restaurant Impossible.”