$22M foreclosure suit targets local apartment complexes
The three complexes are Dogwood Glen Apartments on the city’s northwest side, Elmtree Park Apartments on the far-east side and Heathmoore Apartments on the southeast side.
Real Estate
Articles
Airport could land second solar-energy farm
The Indianapolis Airport Authority is in talks that could lead to a second solar farm at Indianapolis International Airport. Discussions are taking place even as the initial solar farm has yet to get off the ground.
Airport Authority continues to fight off-site parking lot
The Indianapolis Airport Authority has taken its fight against an off-airport parking operator to the Indiana Court of Appeals after exhausting its options in Marion County Superior Court.
Indianapolis receives $39M loan guarantee from HUD
The city will use the funding to establish a Community and Economic Loan Pool to provide financing for economic development and housing rehabilitation initiatives to benefit people of low and moderate incomes.
Developer unveils 16-home project just east of downtown
The Re-Development Group Inc. bought a1.6-acre site at New York Street and Highland Avenue last May and will raze three 1960s-era office/warehouse buildings to make way for home construction in 2013.
Southport Plaza replaces Borders, Linens n Things
Two new anchor tenants are taking a total of 58,000 square feet in Southport Plaza at U.S. 31 and Shelby Street on the south side, bringing the shopping center to full occupancy for the first time in more than four years.
Marsh Supermarkets names new CEO from ranks of A&P
The parent company of Marsh Supermarkets has picked a new CEO to lead the locally based grocery chain.
Circle Centre to build entry through empty Nordstrom
Construction could begin soon in the former home of Nordstrom at Circle Centre mall, but the project does not signal an end to the mall’s limbo following the 2011 departure of its marquee anchor.
Carmel project dogged by conflict questions
An executive ousted from the firm developing The Barrington in Carmel alleges that the $142 million retirement-community project was driven by conflicts of interest.
Green BEAN Delivery expands with second farm
The locally based purveyor of organic produce is leasing 50 acres in Ohio to serve its customers in that state, Indiana and Kentucky.
Yats founders prepare to franchise chain across Midwest
Yats founders Joe and Regina Vuskovich decided earlier this year to grow their restaurant through franchising. Broad Ripple resident John Sutton and his sister Brittany Franken jumped at the opportunity.
Local chain takes vacant Clearwater restaurant spot
Zionsville-based Oobatz! will open in building formerly occupied by Uno Chicago Grill.
Area home-sale contracts rise 20 percent
Home-sale agreements in the nine-county Indianapolis area rose 20.6 percent in October, the 18th straight month of year-over-year improvement in sales contracts.
Downtown Crowne Plaza undergoing $8M renovation
Guest rooms will receive new furniture and bathrooms new floor tile and granite countertops. Improvements also will be made to public and meeting spaces, in addition to food and beverage areas.
Restaurant, brewery planned for former Monon Fitness
Two local entrepreneurs are planning a restaurant, brewery, entertainment venue and aquaponic farming operation for a 1.4 acre parcel along the Monon Trail south of Broad Ripple.
Zionsville, school district make $5.7M land deal with Dow
Zionsville Community Schools and the town of Zionsville are teaming up to purchase and develop a prime piece of real estate owned by Dow Chemical Co.
Gift lets land trust preserve 109 acres in Johnson County
A $200,000 gift from the Dr. Laura Hare Charitable Trust will help the Central Indiana Land Trust acquire 109 forested acres in southwest Johnson County.
One Mass Ave project starts; another one is in limbo
Insight Development has begun building an $11.5 million, 61-unit apartment project at Massachusetts Avenue and East and North streets. But the fate of the second phase is up in the air because its financing had been tied to a project Insight and Flaherty & Collins Properties had hoped to develop across Mass Ave at the site of the Indianapolis Fire Department headquarters.
Homegrown Oobatz! taking former home of Uno pizzeria
The Zionsville restaurant Oobatz! is adding a second location in the former home of Uno Chicago Grill along East 82nd Street in front of the Clearwater Crossing shopping center.
Documents raise questions about price of I-69 land purchases
An INDOT spokesman said the state sometimes has to shell out more than the appraised value to encourage land owners to sell.