The Whitsett Group LLC’s plans call for a $22 million project that would include nearly 140 apartments and a retail component on the property where Keystone Towers stood. The company submitted the lone bid to the city to redevelop the site.
The Indianapolis Historic Preservation Commission unanimously approved the demolition of the former motel at 5585 E. Washington St.—with a few conditions. Developers plan an $8.7 million project for the site.
The National Retail Federation, the nation's largest retail trade group, expects winter holiday sales to rise 2.8 percent, to $465.6 billion this year.
The Fishers-based chain said it will reduce prices on thousands of items and keep them there for three months.
Indianapolis-based shopping mall giant Simon Property Group Inc. has received a new $4 billion unsecured revolving credit facility.
Indiana lottery officials say they overspent on their new headquarters and will sell some of their equipment after reports raised questions about the lavish facility.
Design-build process is considered to be too costly.
The recession officially ended more than two years ago. But the number of local construction jobs is still down 27 percent from 2007 levels. Will the industry ever feel relief? Some segments might not recover in a big way until 2013.
The Children’s Better Health Institute, a division of The Saturday Evening Post Society Inc., plans to ask the Metropolitan Development Commission to rezone a 23-acre parcel on the city’s northwest side.
Kilroy’s Bar n’ Grill received preliminary approval on Monday from the Local Alcoholic Beverage Board of Marion County, which recommended a liquor permit for the building at 821 Broad Ripple Ave.
California-based Blue Real Estate lost the last big chunk of its Indianapolis portfolio last week when a lender took control of Blue’s 360,000-square-foot, seven-building portfolio in Park 100.
Part of the Pan Am Plaza parking garage has reopened after being closed for several hours for emergency repairs late last week, but a report will reveal whether more extensive work is needed to restore the garage to a structurally sound state.
Hofmeister Personal Jewelers Inc., which sought Chapter 11 reorganization in April, is asking the court to let it bring in a national consultant to oversee a huge sale that would begin next month and last until February.
The so-called "sweepstakes machines" allow users to buy Internet time and connect to online games like video poker and slots.
Paul M. Pittman, one of four principals in a troubled Indianapolis-based condo developer, filed personal bankruptcy this week.
Indianapolis Mayor Greg Ballard temporarily calls off plans to rename the historic street to instead focus on a project that would line it with 30 monuments saluting famous Hoosiers.
The 617 parking spaces at the newly renovated Rivers Edge shopping center meet the minimum commercial-zoning allotment—but just barely.
Paul Estridge Jr. owes a list of creditors including banks, suppliers and vendors more than $50 million, but has assets of less than $5 million, he said.
Kris Parmelee pulled off a major career shift by switching from consultancy to the kitchen. But getting her home-cooking takeout startup, Avec Moi, off the ground has been tough.
The Indianapolis-based soccer association’s decision to move to Westfield’s Grand Park Sports Campus follows a similar announcement earlier this year by the Lids Indiana Bulls, a youth baseball organization.
