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.
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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.
IU Health expands plan for downtown hospital, pushing price tag to $4.3B
Indiana University Health said Monday the cost of its new downtown hospital complex will now top $4 billion, an increase of 60% over previous estimates, due to higher construction costs and a major increase in the number of patient rooms.
New ownership plans to keep Fountain Square Brewing Co. in business
Fountain Square Brewing Co., founded in 2011, is expected to reopen for business after a sale closes in mid-January.
Chick-fil-A at Circle Centre Mall closes
A Chick-fil-A location in Circle Centre Mall’s third-floor food court permanently closed on New Year’s Eve after 20 years in the location.
Blues lounge set to open at Circle Centre in former Burger Study space
On Tuesday, the Alcoholic Beverage Board of Marion County approved the transfer of a beer, wine and liquor restaurant license to lounge owner and operator Larry Jones.
Local firm set to spend up to $42M on posh Greenwood apartments
The five-story, market-rate project has received preliminary approvals from the city’s planning commission to build at 764 Greenwood Springs Drive, just north of the Verge Luxury Flats apartment complex that was completed in 2020.
Area homebuilders see 11th straight month of falling permits
Interest in new homes in central Indiana continued to slow dramatically last month, according to the latest statistics from the Builders Association of Greater Indianapolis.
U.S. pending home sales fall to second-lowest level on record
Consumers rate current home-buying conditions as the worst since the early 1980s, according to a survey by the University of Michigan.
With new Chase bank rising in parking lot of former Marsh, 2 other branches to close
A new J.P. Morgan Chase & Co. bank branch is expected to open May 1 at the intersection of 62nd Street and North Keystone Avenue, but two nearby locations are slated to close in early 2023.
Architect Sheila Snider reflects on trailblazing career
Over a career in architecture spanning more than 40 years, Sheila Snider was involved in helping shape downtown Indianapolis and other parts of the state.