The Near North Development Corp. asked the city in a Sept. 2 e-mail to compare the renderings for the Di Rimini apartment project at 733 N. Capital Ave. with what was actually taking shape. A week later, the Department of Code Enforcement issued a stop-work order for the project.
A former sales manager at Butler Kia alleges a co-worker pulled a gun on employees—yet was kept on the job for several months afterward.
Plaintiffs are challenging the city’s 2007 decision to waive a hefty fee that otherwise would have been required to redevelop the crumbling site.
The Hamilton County sports and recreation campus—known as the "Family Sports Capital of America"—is expected to occupy 300 acres and cost millions to fully develop.
An affiliate of Pittsburgh-based PWA Real Estate LLC snapped up the three buildings for $15.5 million. The largest totals more than 100,000 square feet and houses such tenants as General Casualty Co., 20/20 Institute and M/I Homes.
The city plans to issue bonds and use tax-increment financing to fund the $150M project, which also will include 320 high-end apartments and 40,000 square feet of retail space. Construction should begin this year.
Officials are announcing details of an ambitious downtown development planned for 10 acres Eli Lilly and Co. owns near its Indianapolis headquarters. The project will include a hotel, apartments, restaurants and retail space and a YMCA.
U.S. real estate investment trusts, including Indianapolis-based Duke Realty Corp., are selling shares to fund property acquisitions after using record cash from equity offerings last year to reduce debt and cover dividends.
We lead off today’s flush retail roundup with a new location for Kahn’s Fine Wines & Spirits. Also on tap: New local brewery chooses Fort Ben, three new restaurants, a new bakery and more.
Indianapolis-based The Finish Line Inc. said Thursday that its second-quarter profit rose as it rebounded from a messy quarter a year earlier after the athletic shoe retailer sold its unsuccessful Man Alive hip-hop stores.
Since 2004, residents and community leaders in the area just east of downtown—including Boner Center chief James Taylor—have raised more than $100 million to improve their neighborhood. The deployment of so many resources to one area is almost unprecedented in Indianapolis.
The $29 million will be used to acquire and demolish or rehabilitate foreclosed and abandoned homes.
The city’s Division of Planning was set to hear a request Thursday afternoon by Valparaiso-based Investment Property Advisors LLC to rezone property near the Central Canal for a 150-unit apartment complex.
Troubled video-rental chain Blockbuster Inc. filed for Chapter 11 bankruptcy protection Thursday, saying plans to keep its stores and kiosks open as it reorganizes.
Plants atop the Birch Bayh Federal Building and U.S. Courthouse are expected to cut costs in long run.
The current expansion has absorbed the last of the adjoining space, leaving the convention center landlocked.
More unneeded buildings are slated to be sold off by Indianapolis Public Schools, but creative people have turned other former schools into reuse gems.
Schlage’s purchase of the Georgia-based company’s division gives it immediate access to the decorative door hardware and lock market, the company said.
The number of building permits filed in the nine-county metropolitan area dropped by 18 percent in August from the same time a year ago, falling from 354 to 290. The drop marks the third consecutive month permits have fallen.
