Q&A: Haughville native to launch restaurant incubator
Aaron Williams, a Zionsville resident and client executive at Google, is planning to launch a shared kitchen and events center with his wife in Haughville this summer.
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Developer of timber-built office project in Broad Ripple seeks abatement
The project would occupy four parcels between 6407 and 6419 Ferguson St., which are occupied by four residential-style buildings that have housed short-term rentals and small businesses.
Damien Center acquires SPJ headquarters on North Meridian
Damien Center plans to use the building as a second satellite location, while SPJ headquarters employees will now work mostly on a remote basis.
Indianapolis man pleads guilty in real estate rental fraud scheme
Herbert “Bert” Whalen, who operated Oceanpointe Property Management in Indianapolis, engaged in a scheme to obtain millions of dollars from dozens of out-of-state investors, prosecutors said.
Tony Stewart’s home, 415-acre hunting getaway, on market for $30M
The racing legend’s property in central Indiana includes a 20,000-square-foot luxury log-built house with an adjacent nine-acre lake.
Troubled Lakeside Pointe apartment complex acquired
Lakeside Pointe at Nora apartment complex—under threat of a city nuisance lawsuit—has a new owner. The former owner owed more than $225,000 for 600-plus housing code violations at the complex.
Ambrose expanding Mount Comfort logistics park with new building
Plans call for the $60 million Building V to be 753,000 square feet, expandable up to 1.1 million square feet. It is expected to be completed in November and suited for distribution, light manufacturing and assembly.
Citimark plans $18M revamp of former HHGregg HQ for logistics uses
And because the property fronts the busy East 96th Street commercial corridor, the developer is also exploring options for retail outlots on the north end.
Remote work seen more persistent than planners expected
The analysis found that work-from-home situations rose for every major demographic group and industry, but was especially sharp among highly educated workers.
Treasury: Most COVID rental aid went to low-income residents
The Treasury found that more than 40% of tenants getting help were Black and two-thirds of recipients were female-headed households.
City finalizing $650,000-plus deal that restored water to troubled properties
Five days after announcing a deal with Citizens Energy Group to restore water service to tenants at two south-side Indianapolis apartment complexes, officials said they’re planning to get the city’s money back, but a lack of communication with the properties’ owners could complicate matters.
Next Door American Eatery rebrands less than a year after reopening
Boulder, Colorado-based The Kitchen Restaurant Group—which was co-founded in 2004 by Kimbal Musk, the younger brother of tech giant Elon Musk—said the name change would be accompanied by a new menu.
Indy-based developer in home stretch of $250M industrial project in Whitestown
About three years after first breaking ground, Indianapolis-based Strategic Capital Partners LLC has already brought to market about two-thirds of the 80-acre project, known as 65Commerce Park.
Central Indiana homebuilders off to slow start in 2022
Central Indiana homebuilders are coming off their busiest year since 2005, but January saw a big drop in single-family building permit filings.
Rents skyrocketing across United States with no end in sight
In the 50 largest U.S. metro areas, median rent rose an astounding 19.3% from December 2020 to December 2021, according to a Realtor.com analysis of properties with two or fewer bedrooms. Indianapolis-area rents have seen a smaller, but still significant, jump.
Q&A with Cory O’Sullivan, who has spun a hobby into a business
With the increasing resurgence of vinyl sales, Electric Key Records has grown into a full-fledged business of its own in a downtown Franklin storefront at 65 E. Jefferson St.
Developer planning $98M housing, retail project at 96th and Allisonville
The project from Carmel-based developer CRG Residential would contain 380 apartment units, 66 townhomes for sale and 35,000 square feet of retail space. The firm also would donate 25 acres of land to beef up a recently announced city park along the White River.
Mortgage rates soar to levels not seen in nearly three years
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average has spiked in the last six weeks to 3.92%.
Westfield’s Rail restaurant plans a revival and return to its roots
No longer in a renovated barn, the Rail reboot will be reminiscent of original business model that combined sandwiches with a market.
Former Trustee building on Mass Ave set for revamp with restaurant space on first floor
According to plans approved by the Indianapolis Historic Preservation Commission this month, Landmark Properties plans to make several changes to the five-story building to attract office and retail tenants.