M&I Plaza revamping entry, lands King David and Main Street Deli as tenants
The main entrance is getting a $1 million makeover as the 28-story building prepares to welcome two new restaurant tenants.
Real Estate
Articles
Chatham Arch neighborhood builds community park
Chatham Commons, at the northeast corner of East and St. Clair streets, includes walking paths, a pergola, brick benches, plantings and a Tom Otterness sculpture that was part of a public art exhibit here in 2005.
City mum on economics of $15M parking garage
City officials and the developer of a proposed parking garage in Broad Ripple have refused to share financial projections for the project, describing the documents as a “trade secret” exempt from public disclosure.
Will Biglari use Steak n Shake playbook at Cracker Barrel?
Biglari Holdings began scarfing up Cracker Barrel shares in March and now has amassed a 9.8-percent stake worth $109 million.
Quail Run Apartments in Zionsville changes hands
Richmond, Va.-based McCann Realty Partners LLC bought the 166-unit complex with a $9.25 million loan. The sale marks the second time Quail Run has changed ownership in the past two years.
New Marsh exec hopes to grow market share
Marsh Supermarkets has hired grocery executive David C. Siegel to the new position of senior vice president of merchandising and marketing strategic initiatives. He follows new CEO Joseph M. Kelley from Price Chopper in New York.
Housing agency breaking ground on $30M Lugar Tower project
The project includes renovations to the 15-story apartment building in downtown Indianapolis, as well as the construction of two mixed-income buildings containing a total of 74 units at its base.
Tanger buys outlet center from Simon Property
Tanger Factory Outlet Centers Inc. said Tuesday it bought an Ohio outlet shopping center from Indianapolis-based Simon Property Group Inc. for $134 million.
Rejected bidder cries foul over demolition of Keystone Towers
Titan Wrecking & Environmental bid about $255,000 less than the winning proposal to demolish Keystone Towers, but was rejected because of missing paperwork. The company owner says the city could have overlooked the omissions to save taxpayers money.
Owner of several properties south of Mass Ave starts to divest
The pending sale of two historic buildings and a vacant lot just south of Massachusetts Avenue is the first of what could be several deals in the area as one of its largest property owners begins to divest its holdings.
INSIDE DISH: King David Dogs nabs bigger digs
Thinking his emporium for all-beef franks has maxed out its sales potential, Brent Joseph cut a deal to relocate to an epicenter for downtown office complexes and triple seating.
Local contractor wins Keystone Towers demolition bid
Denney Excavating of Indianapolis has been granted the contract to demolish the vacant Keystone Towers apartment complex with a bid $827,000.
Revamped M&I Plaza lands King David, Side Street Deli
The main entrance to downtown's M&I Plaza is getting a $1 million makeover as the 28-story building prepares to welcome two new restaurant tenants.
Commission: Turn dying GM plant into vibrant neighborhood
A 10-member commission told city leaders to turn the defunct 115-acre General Motors metal stamping plant site into a hip, funky neighborhood with an eye-catching bridge across the White River for easy access to downtown.
Carmel home is not-your-average caddy shack
Mike and Sally Kerr can see directly to the past as they walk around their Southern plantation-style residence built completely around the walls of Woodland Country Club’s original club house.
Finish Line posts 20-percent jump in earnings
Athletic shoe and clothing retailer Finish Line Inc. said Thursday that its fiscal first-quarter earnings and revenue rose, but revenue fell just short of Wall Street's expectations.
Startup takes on abandoned homes in Indianapolis
Indianapolis is in the early stages of expanding the practice of land banks, which allow government agencies and not-for-profits to take over tax-foreclosed properties and put them back into productive use,. Land banks have shown positive results in states such as Michigan and Ohio.
Home builders close after alleged embezzlement scheme
Two prominent area home builders have ceased operations after owner J. Greg Allen filed suit against two longtime executives, alleging they've been stealing from the companies for years.
MARR: Farewell to a long list of great colleagues and mentors
Six people were key mentors and associates during real estate career in Indianapolis.
16 Park project helping to transform Indianapolis neighborhood
The first building of a new complex on near-north side is set to be completed in August