Gas stations occupy an increasing number of Kroger parking lots, but Cincinnati-based Kroger Co. is facing opposition to a proposed gas station at its West 86th Street and Township Line Road grocery.
The tax-increment finance district created around the former United Airlines maintenance hub at Indianapolis International Airport doesn’t generate enough revenue to meet its annual debt payment. Neither do several other area TIF districts.
Vera Bradley Inc., 2208 Production Road, Fort Wayne, Ind., 46808, sells handbags, accessories, paper-and-gift items and travel items through 55 retail stores, nine outlet stores, 3,300 specialty stores and through verabradley.com.
California-based Ryland Group Inc., the Indianapolis area’s third-largest home builder, said it bought the Indianapolis-area lots from Westport Homes.
The town now has zoning jurisdiction over Indianapolis Executive Airport, which is located within its borders following an annexation, but is operated by the Hamilton County Airport Authority.
A handful of new-to-market dining options are joining the newly renovated food court at The Fashion Mall at Keystone.
RW Armstrong and Associates Inc., Indianapolis’ fourth-largest engineering firm, has completed a merger with CHA Consulting Inc. that makes the local company a wholly-owned subsidiary of the Albany, N.Y.-based business.
Mainstreet owns 18 percent of HealthLease Properties Real Estate Investment Trust, which sold 11 million shares of stock at $10 each. The stock began trading Wednesday morning on the Toronto Stock Exchange under the ticker HLP.UN.
Whitsett was counting on selling state-issued affordable housing tax credits to finance the $27 million project, but it wasn’t among the projects awarded credits.
The Friday blaze engulfed a four-story, 28-unit apartment building due to open this fall as part of the $34 million 16 Park project. The Indianapolis Housing Agency says construction will resume as soon as possible.
The fire destroyed part of 16 Park, a $34 million affordable housing development that's intended to help spur a revival of the 16th Street corridor.
Structure to be built steps away from Rolls-Royce, Lilly and newly built apartments and retail space.
Mayor Greg Ballard is giving the private sector its first shot at managing the City-County Building since the downtown structure opened 50 years ago. The city and county lease it from the Indianapolis-Marion County Building Authority, but Ballard’s office has posted a request for information from real estate firms interested in a 30-year operating agreement.
Manager Jon Parson told IBJ that he had "no idea" why the dealership was closing. Christine Burd took over the business in late 2009 following the suicide of her husband, Richard Burd.
This year’s list of fastest-growing private companies in the Indianapolis area is a diverse lot, operating in industries ranging from human resources to office furnishings to construction to home health care and games.
The $6.5 million project, led by the Children’s Museum of Indianapolis, will include 50 apartment units, 22,000 square feet of commercial space and a 2-acre park. Construction could start by the end of the year.
CityWay developer Buckingham Cos. has begun recruiting tenants for an office building it plans to construct at the northeast corner of Alabama and South streets just east of where it is building The Alexander hotel.
In May, pending sales of existing homes in the Indianapolis area increased 7 percent from the same month last year while building permits for new construction rose 20 percent.
The local developer moved its offices into the building and plans more than $2 million in upgrades to reposition a property that fell on hard times at the dawn of the national real estate crisis.
New-home construction in the Indianapolis area rebounded last month from a poor April to post a big year-over-year increase.
