Builders say construction-site theft is ‘rampant’
The people who do the stealing range from individuals committing small-time, spur-of-the-moment thefts to organized crews who go from state to state, hitting construction sites and then blowing town.
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House committee advances Indiana property tax relief bill—with major changes
The measure would provide multiple remedies to temporarily drop tax bills, including through a short-term property tax cap and an increase in state income tax deductions. It would also curb how much local units can raise their tax levies.
Tinker Coffee to open downtown cafe in 360 Market Square building
The cafe, set for a spring opening, will be Tinker’s fourth cafe overall, but its first standalone location.
Indiana residential property tax relief bill draws opposition from schools, local officials
Taxable residential assessed values shot up 15% in Indiana from 2021 to 2022—even after tax abatements, deductions and credits—according to data from the Association of Indiana Counties.
Hamilton County planning new 911 communications center in Noblesville
Plans call for newly constructed 50,000-square-foot facility to house a dispatch center, emergency management center and a child care facility for Hamilton County employees.
Glass-wall manufacturer off to fast start after shifting site plans
A Chicago-based building-enclosure manufacturer that dropped plans to construct a $9.3 million plant in northwest Indiana has instead taken up shop in Indianapolis and already hired 70 workers.
Area homebuilders hope for better year after 2022 slump
The industry had a tough time in 2022 following its busiest year since 2005 amid escalating mortgage rates and rising inflation.
Black Acre Brewing Co. to close all locations
Black Acre’s original tap room, a production facility and a speakeasy-style bar will cease operations in February.
Indiana lawmakers gear up for debate over repealing certain floodplain requirements
Property owners and environmental advocates are clashing over a bill that would repeal a requirement for local officials to use the latest statewide floodplain maps when deciding new construction projects.
IU real estate students launch $4.2M private equity firm
All of the money in the fund came from investments rather than donations, meaning those involved expect a return on their input.
Architects push for restoration of historic preservation tax credit
The effort is meant to create more incentive for developers to rehab vacant, deteriorating institutional structures in communities throughout the state.
City eyes updates to Union Station overpasses
City officials plan to pour at least $10 million into structural and aesthetic improvements to five CSX railroad overpasses and the sidewalks and roads that run beneath them on the south side of downtown.
Hospitality industry icon Bruce White, who developed key downtown Indy hotels, dies at 70
White founded White Lodging in 1985 with a single hotel in Northwest Indiana and grew the company into one of the industry’s largest privately held development, ownership and management companies.
Indianapolis construction biz relocates subsidiary to Lebanon
Johnston Quick Mix is an operating unit of Indianapolis-based Mattingly Concrete Inc., which was founded in 1987 by Dan and Liz Mattingly.
Motorsports team HMD converting former Marsh to new Brownsburg headquarters
Renovations to the building are already underway, with HMD expected to move into the facility sometime in the summer.
Indiana City Brewing equipment heading for auction
The Indianapolis-based brewery is slated to have its equipment sold at auction next month, but it continues to look for new ownership prior to the sale.
City planning to buy Drake apartment building from Children’s Museum
The Drake has been a often-discussed property since the museum said in mid-2019 the it planned to raze the 95-year-old building as part of a larger real estate effort to make space for additional exhibits and parking.
Open Kitchen restaurant to take over former Jailbird location
The building south of Hanna Avenue and west of UIndy will be the third home for Open Kitchen since the business launched in September 2020.
Developer reveals details for downtown mixed-use project south of revamped Stutz campus
New York City-based SomeraRoad Inc. has submitted plans to city officials for Stutz South, a five-story complex with 270 apartments that would occupy most of the block between West Ninth and 10th streets and Capitol Avenue and Roanoke Street.
Mug-n-Bun owner seeks buyer for iconic Speedway drive-in
Known for curbside service, breaded tenderloin sandwiches, hand-dipped onion rings and made-on-site root beer, Mug-n-Bun traces its roots in Speedway to the 1950s.