Ellison Brewing Co. cites decreased downtown activity in decision to close
The owner of the craft beer business founded in Michigan said the COVID-19 pandemic sealed the fate of the downtown Indianapolis location near Rolls-Royce Meridian Center.
Real Estate
Articles
U.S. new-home sales fall more than forecast to two-year low
The figures reflect a cooling market as the Federal Reserve raises interest rates to soften demand in the broader economy and tame decades-high inflation.
Rents spike as big-pocketed investors buy mobile home parks
Driven by some of the strongest returns in real estate, investors have shaken up a once-sleepy sector that’s home to more than 22 million mostly low-income Americans in 43,000 communities.
Merger gives Kite Realty Group Trust post-pandemic strength
President and COO Tom McGowan is at the forefront of major shifts for the local real estate firm, which has significant projects on tap in central Indiana.
Indoor golf simulator chain to open location in downtown Indianapolis
New York City-based Five Iron Golf’s planned facility is expected to feature 12 golf simulators as well as televisions, leisure games, a full-service restaurant and a bar.
Indy Parks nearing approval for $20M Frederick Douglass Park family center
The project set for 1616 E. 25th St. calls for a 45,000-square-foot building with a gymnasium, fitness rooms, a walking track, park offices, and community and meeting rooms.
Steak n Shake owner plans $3M rooftop tavern next to Fieldhouse
Sardar Biglari expects to spend at least $3 million to renovate the historic C.A. Schrader building’s top floor and construct an addition to the neighboring structure.
Fast-growing chicken finger chain plans two Indy-area restaurants
Baton Rouge, Louisiana-based Raising Cane’s Chicken Fingers is advertising for managers to oversee restaurants in Noblesville and Avon that will open late this year.
$13.1 million awarded to help Hoosiers with eviction legal services
Lt. Gov. Suzanne Crouch and The Indiana Housing and Community Development Authority on Tuesday announced a new partnership with the Indiana Bar Foundation to provide legal services for Hoosiers facing eviction.
Airport Authority to buy nearly 58 acres near Mount Comfort airfield
The decision to buy the privately owned property came after seeing the swiftness with which developers have moved to acquire thousands of acres near the Indianapolis Regional Airport for their own projects.
Former uses of Diamond Chain site could pose ‘bit of a sticky situation’ for developers
Experts are optimistic that the property’s redevelopment will spur growth in housing and entertainment, but the industrial site’s environmental and historical factors must be considered in the aggressive timeline set for Eleven Park.
Boone County plans $59.1M jail expansion
The council approved the project on June 14 by a 4-3 vote following months of debate between the council and the Boone County Commissioners.
Republic Development planning 52 townhouses at Jackson’s Grant Village in Carmel
According to the proposal, the townhouses would be built on 8.83 acres of land at the northwest corner of East 116th Street and Spring Mill Road.
Mediterranean Revival home on Meridian Street transcends times
Before purchasing their Meridian Street home, Jakob and Colette Wiesen lived almost directly behind it, on Illinois Street. During those years, they sat in their backyard and imagined what they might do with the beautiful 1927 Mediterranean Revival home and yard they could see.
Developer buys Diamond Chain site for Indy Eleven soccer stadium, mixed-use district
The redevelopment of what is now an 18-acre manufacturing site downtown is expected to include apartments, a hotel, an office building and retail space—in addition to a 20,000-seat stadium. Keystone Corp. CEO Ersal Ozdemir said the project’s cost will likely top $1 billion.
Developer plans three-month closure to speed redevelopment of Lafayette Square Mall
Sojos Capital said it has already begun multiple upgrades to the property, including replacing the roof, changing HVAC units, interior and exterior painting, and additional security enhancements.
Do it Best CEO says Electric Works ‘will change the face of Fort Wayne’
Late this year, the company—founded in 1945—will move into a new, 200,000-square-foot headquarters as the anchor tenant of Electric Works, a massive redevelopment of a 39-acre historic campus in the core of Fort Wayne that housed General Electric Co. until it closed in 2014.
Developers propose new golf club community, affordable townhouses in Noblesville
The Noblesville City Council heard proposals this week for two separate residential real estate developments that would create nearly 130 new residences in the city, including more 75 high-end homes near a golf course and 50 affordable-housing options.
Developer withdraws plans for controversial $61M Willows project
The team behind the proposed redevelopment of the Willows Event Center into apartments near Broad Ripple has withdrawn its proposal, just hours before it was set to be considered by a city commission.
City picks $175M project for block that includes City Market, Gold Building
Gershman and Citimark’s project includes a different look and a new use for the Gold Building and construction of an 11-story building to replace the east wing of the Indianapolis City Market.