Sales of existing homes still slumping in central Indiana
Residential real estate sales in the 16-county area have fallen on a year-over-year basis for the past 13 months and have seen double-digit percentage decreases for eight straight months.
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Multifamily projects lead to bigger-than-expected surge in residential construction
The pickup points to signs of budding optimism that the worst of the housing rout may be near.
Becknell planning 1.1 million-square-foot industrial building on Marion-Shelby County line
The project would sit directly west of the Marion County-Shelby County line, across Carroll Road from a new, 850,000-square-foot warehouse for discount retailer Five Below.
Wilshaw developer admits withholding info about SEC troubles
Town of Speedway officials and residents on Monday night learned a development firm involved in its long-delayed $36 million Wilshaw hotel project purposely withheld details of a settlement reached last year with federal securities regulators.
Speedway’s Wilshaw project facing more delays after developer fails to disclose SEC trouble
Town of Speedway leaders are pumping the brakes on a proposed $2.5 million loan to help pay for the long-delayed Wilshaw hotel project after learning that one of the companies involved wasn’t forthcoming about federal fines for past business dealings.
IEDC paying premium for farmland for Boone County tech district
The quasi-government entity has secured roughly 9,000 acres of land in Boone County for its LEAP Lebanon Innovation and Research District.
Editorial: IEDC’s big spending in Boone County is investment in Indiana’s future
So far, the public criticism of the land purchases is less about price and more about whether the state should be buying the land at all.
Downtown Crowne Plaza hotel slated for $15M renovation
The 273-room hotel’s owner is gearing up for the renovation as planning continues for an expansion of the Indiana Convention Center and construction of a connected 800-room Signia by Hilton Hotel a block to the north.
Woof Gang Bakery & Grooming planning four stores in Hamilton County
Woof Gang, founded in 2007, is a specialty retailer of pet food, supplies and professional grooming services. The chain has about 200 locations open or under development in the United States.
Amazon pauses construction on 2nd phase of HQ2 campus in Virginia
The company has already hired more than 8,000 employees in the Arlington, Virginia, area and will welcome them to Met Park campus, the first phase of development, when it opens this June.
Leo’s Market, combining fuel and fresh food, to open fourth Indy-area store
Siblings Stephanie White-Longworth and Keith White opened the first Leo’s Market and Eatery in 2019 at 2212 W. Main St. in Greenfield using proceeds from an earlier venture.
Speedway considering gap loan for $35M Wilshaw hotel project
The upscale hotel project across from Indianapolis Motor Speedway has gone through numerous delays since being announced in 2015. A new developer took over in late 2021 but has yet to restart construction.
Construction on 400-unit apartment community finally to begin at former Pittman Farms
A five-year legal battle among members of the Pittman family delayed the project. Those disputes were settled two years ago.
To celebrate 30 years, ComedySportz makes fresh start at new venue
After exiting its Mass Ave venue during the pandemic, the company that presents ComedySportz improv shows is set to open a new theater in the former home of a Books & Brews.
Area residential builders get off to slow start in 2023
Filings for single-family building permits in central Indiana have fallen on a year-over-year basis for the past 13 months and in 16 of the past 18 months.
City looking to establish development plan for Indiana Avenue corridor
The Department of Metropolitan Development on Thursday issued a request for expressed interest, or RFEI, which will allow the officials to gauge the appetite developers have to devise an overall plan for the Indiana Avenue neighborhood.
Bills on underused school buildings, cursive writing advance
Meanwhile, Hoosiers have their first new law for the year—and it’s a retroactive business tax deduction in time for tax season.
Computer retailer Micro Center to open first Indianapolis store
The first Micro Center store in Indiana is expected to open in July and employ 50 to 75 staff members. The Ohio-based retailer of computers, computer parts and other electronics presently operates 25 stores in 16 other states.
Sales of existing homes sink 31% in central Indiana
Despite the decline in sales, median prices for homes sold in the 16-county area rose 11% in January on a year-over-year basis, according to the latest monthly data from the MIBOR Realtor Association.
Indy Eleven owner still interested in MLS as part of stadium project
For years, Ersal Ozdemir has pursued a Major League Soccer expansion franchise, but each time the league has rejected his overtures, in part because the team has lacked its own venue,