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.
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,
The keys to the restaurant’s success, said owner Terry Anthony, have been the generous terms from his landlord, the quicker-than-expected return of convention and event business, and his willingness to be flexible as downtown recovers.
“My business model completely changed,” said Downtown Comics owner Doug Stephenson of the Market Street store. “If you look at my sales chart, everything moved from Wednesday, which is traditionally the biggest day for comic stores … to the weekends.”
Loree Everette’s biggest concern about downtown has nothing to do with the typical complaints involving homelessness, safety or cleanliness. It’s that living downtown has become so popular it’s unaffordable for too many people.
Many parts of downtown are thriving—particularly neighborhoods, where rents are rising, people have to stand in line for a lunch table, and investments are flowing. Other parts—especially downtown’s central core, where many workers might come to the office only once or twice a week—are limping along, pockmarked by vacant storefronts, panhandlers and crumbling sidewalks.
Nearly 29,000 residents now live downtown, up from about 15,000 in 2010. It’s a number that has been growing as developers continue to add apartment and condo units in the Mile Square and downtown neighborhoods.
Cummins, Rolls-Royce, Eli Lilly and Co., AES and Elevance Health are among the city’s largest downtown employers and all say most of their workers have the option of working at home at least part of the time.
The developer plans to put a 20,000-seat soccer stadium for the Indy Eleven right along the White River, which is on the western edge of the former Diamond Chain manufacturing site.
Chris Burton and Gus Vazquez, owners of The Oakmont restaurant and bar, want to open Vicino in the Mass Ave district by mid-April.
The owner told IBJ he can’t afford to pay increased rent prices at the building where beer first was bottled in 1904. But the landlord said the brewery had been paying below-market rent that needed to be renegotiated.
A team of two local developers planning the 273-unit Hall Place apartment project at 1720 N. Illinois St. promises to bring dozens of low-rent apartment units to the neighborhood northeast of the expanded Indiana University Health campus.
Founded in Covington, Kentucky, in 2018, Agave & Rye Tequila and Bourbon Hall has quickly grown to 14 locations in five states. The Indianapolis restaurant will be its second in Indiana.
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.
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.
The cafe, set for a spring opening, will be Tinker’s fourth cafe overall, but its first standalone location.
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.
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.
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.
The industry had a tough time in 2022 following its busiest year since 2005 amid escalating mortgage rates and rising inflation.
