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.
These news notes appeared in IBJ’s Real Estate Weekly on June 1, 2021.
Through the first four months of this year, construction activity is 5.8% higher than the same period in 2020.
Plans for Monon Court call for razing an apartment development that has been been on the site for more than 70 years.
The Homerlee Business Park will be built in East Chicago, less than a mile from Interstate 90 and near the Interstate 80/94 expressway.
Stamford, Connecticut-based United Rentals Inc. paid $19 per share for Pasadena, California-based General Finance Corp.—which has owned Pac-Van since 2008—and assumed $400 million in debt.
The museum has used the the four-bedroom, eight-bathroom Tudor-style home built in 1922 to house its leader. It’s the first time the property has been on the market since the 1930s.
These news notes appeared in IBJ’s Real Estate Weekly on May 25, 2021.
The city of Indianapolis and the Broad Ripple Village Association expect to spend a combined $1.2 million on the RiverWalk multi-use trail, which will run along the north side of Broad Ripple Avenue.
Logansport-based Steinberger Construction Inc. is investing $1.39 million to open an office in Lebanon, where it hopes to hire as many as 17 workers by the end of 2023.
Kroger, the country’s largest grocery chain, and other national retailers have been dropping mask requirements in locations where local governments allow them to.
Almost all retailers reporting quarterly earns this week have put up enormous sales figures, evidence of a migration from time spent shuttered indoors to something closer normalcy.
