The apartments would be available to individuals and families making 30% to 80% of the area’s median income, with 14 units set aside for transitional housing for individuals and families experiencing homelessness.
Based in Westborough, Massachusetts, BJ’s is the third-largest warehouse club chain in the country. It operates 221 warehouse-style stores in 17 states.
Retail workers, drained from the pandemic and empowered by a strengthening job market, are leaving jobs like never before.
Seattle-based Milliman Inc., an international actuarial and consulting firm, announced Monday it will invest $6 million to lease and furnish more than 50,000 square feet in a downtown office building.
Baker talks with host Mason King about how the food hall came together—and why, for him, success will be when some of the eateries grow up and move out.
Much of the money is earmarked to acquire a 75-acre property for a life sciences business park that will be anchored by Stevanato Group’s planned $145 million pharmaceutical manufacturing facility.
Sports apparel retail chain Rally House has opened its first Indiana store and is planning to add three additional stores in the Indianapolis-area market by the end of the year.
The operator of the city’s convention facilities reported its best monthly financial performance since the pandemic led the Indiana Convention Center to temporarily close down in March 2020.
On a year-to-date basis, closed sales are up 10.9% so far this year, to 13,666, compared with 12,320 in the first five months of 2020.
These news notes appeared in IBJ’s Real Estate Weekly on June 15, 2021.
Philadelphia-based GoPuff, a fast-growing company that entered the Indianapolis market in 2018, currently operates three micro-fulfillment centers here and plans to open two more.
The homes at 1925 N. College Ave. are expected to be completed by mid-2022, since construction with shipping containers is far less reliant on weather conditions than building typical homes.
City officials are again refining expectations of developers who ask for help in financing projects, with the goal of increasing the affordable-housing stock and reducing the city’s long-term debt.
The embrace of “maximum telework flexibilities” amounts to a massive shift for the federal government, which has long lagged behind the private sector when it comes to offering remote work.
Indianapolis-based mall owner Simon Property Group is among the retailer’s largest unsecured creditors; it is owed more than $3 million in rent payments.
Former Vice President Mike Pence and his wife Karen have purchased a 7-bedroom, 7½-bathroom house near Zionsville for $1.93 million, a clear sign that national office and the spotlight it brings have financially elevated the couple after years of modest living.
These news notes appeared in IBJ’s Real Estate Weekly on June 6, 2021.
Opus Development Co. plans to develop up to four buildings on the land in the Mount Comfort corridor, including a 862,000-square-foot distribution facility for Atkins Nutritionals.
Simon Youth Academy, an alternative high school in Indianapolis Public Schools, was created to help juniors and seniors in danger of dropping out. This year, 62 students earned diplomas from the school based in Circle Centre mall—the most in its six-year history.
Chef Carlos Salazar said he expects downtown Indianapolis customers will be more open to the global street food he serves at Lil Dumplings.
