Task force to examine building rules in effort to drop state’s housing costs
The 13-member body approved by the Legislature in March is tasked with addressing Indiana’s affordable housing shortage.
Real Estate
Articles
First piece of The Madison development opens in Greenwood
The $92 million, mixed-use redevelopment project is taking shape on a 19-acre site downtown after nearly a decade of planning.
Developer planning $40 million in apartment projects near Southport
The plan by Homestead Development consists of two components. The first would be a single apartment building for individuals age 55 or older. The other would be an eight-building complex containing market-rate apartments.
Fire department planning to vacate Broad Ripple station for new firehouse on College
City officials plan to get public input on potential reuses for the 100-year-old home of Fire Department Station No. 32 at 6330 N. Guilford Ave.
Herron Classical Schools to purchase former Salvation Army HQ
Herron Classical Schools said the former Salvation Army of Indiana Divisional Headquarters building next to the Children’s Museum of Indianapolis will become the permanent home of Herron Preparatory Academy.
CORRECTED: Roche gets city’s OK to project messages on side of north-side HQ building
In a statement to IBJ, Roche said it hopes to display “supportive and inspiring messages” visible from I-69 as part of a new corporate initiative.
Home furnishings retailer plans to turn DeHaan estate into giant showroom, restaurant
National retailer RH is teaming with a developer to take over Linden House—the 152-acre Indianapolis estate of late businesswoman and philanthropist Christel DeHaan—and turn it into a huge home furnishings showroom, interior design gallery, upscale restaurant, wine bar and outdoor furniture gallery.
Record gift to launch new Krannert real estate program at Purdue
The Krannert School of Management at Purdue University has received a nearly $21 million gift from the Dean and Barbara White Family Foundation, the largest gift in the school’s history.
Q&A with Kristine Brockman, co-owner of GoldLeaf Savory & Sweet cafe
Today, GoldLeaf—1901 E. 46th St.—serves what it labels “snacks” (Wasabi Grilled Cheese, a Croissant with Gruyere and Ham, for example); offers an espresso bar (cappuccinos, cold brews, mochas, etc.) and serves beer and wine in an eclectic café filled with plants and art.
Indiana shows no progress in easing low-income housing shortage, report reveals
There are just 38 affordable units available to every 100 Indiana renters making 30% or less of the area media income, according to the report by the National Low Income Housing Coalition and Prosperity Indiana.
In Indianapolis, Record Store Day is a full weekend of celebrating vinyl
After local shops observe Record Store Day on April 23, Indy CD & Vinyl will throw a 20th-anniversary party on April 24.
Apartments planned for 110-year-old downtown office building
The Wulsin Building at 222 E. Ohio St. is expected to be acquired by an investment group later this spring. The buyers plan to spend up to $6 million to convert the eight-story structure to market-rate apartments.
Hamilton County plans $45.1M project to add utilities at Bakers Corner
Hamilton County’s plan to install water and sewer utilities near U.S. 31 and East 236th Street will tap $25 million in funds Hamilton County received through the American Rescue Plan Act.
Office building, 2.45-acre lot up for sale in downtown’s evolving southeast quadrant
The 10-story, 66,220-square-foot building and its 216-space parking lot are adjacent to the site of the Indianapolis Downtown Heliport, which is slated for eventual redevelopment.
BrewDog bar in Fountain Square is permanently closed
The bar opened on the first floor of the Forte apartment building, 1140 Shelby St., in September 2019.
Indiana’s farmland prices hit historic high
In June 2021, the market value of top-quality farmland increased to $9,785 per acre, up 13% from a year earlier, according to the Purdue University Farmland Value and Cash Rents Survey.
Citizens Energy sues apartment complexes for $1.3M in unpaid bills
The lawsuit also alleges that the owners of the complexes defrauded both Citizens Energy Group and residents by collecting payments that the owners said would go to utilities—but didn’t.
Developer planning 70-acre real estate project in Tipton County
The project would include at least one hotel, light industrial space, a travel plaza, a bank, a MedCheck, a recreational vehicle stopover, restaurants and a dog park.
Once a retail giant, Kmart down to just three stores
Kmart’s demise is attributed to the rise of Walmart and Target and online behemoth Amazon. But retail expert Mark Cohen says the company also was dogged by poor management decisions and could have stayed viable.
Q&A with Gwendolyn Rogers, who is grasping her Disney dream
Rogers is placing one of her Cake Bake Shop restaurants at Disney’s BoardWalk at Walt Disney World Resort near Orlando. The Disney site is expected to open next year.