Real Estate Weekly: News notes, 05/18/21
These news notes appeared in IBJ’s Real Estate Weekly on May 18, 2021.
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Onyx+East plans $10M townhouse project in Kennedy-King neighborhood
The proposal calls for seven three-story structures, with three buildings facing College Avenue, one facing 22nd Street and four occupying an interior area that surrounds a courtyard.
Garage Food Hall adds to tenant roster, plans room for more
The Garage Food Hall, part of the $300 million Bottleworks development on Mass Ave, has 17 tenants, with two more opening next month. The hall expects to create even more tenant space once pandemic restrictions end.
Area home sales, prices continue to escalate as inventories shrink
Buyers of existing single-family homes in the 16-county area swooped up available properties at a rapid pace in April, often showing a willingness to pay more than the asking price to secure a purchase.
Workers concerned about retailers ditching masks on vaccine honor system
Walmart, along with Costco Wholesale Corp. and Trader Joe’s, were among the first companies to ease their mask policy for vaccinated shoppers following a recommendation by the U.S. Centers for Disease Control and Prevention.
Q&A: Craig Baker preparing to open the AMP at 16 Tech
Restaurateur and chef Craig Baker is leading operations at the AMP, the artisan marketplace at 16 Tech Innovation District.
HUD charges Bloomington apartment company with disability discrimination
The agency on Thursday alleged that the company committed disability discrimination by refusing to permit a prospective renter with PTSD to have a support cat.
Owner closes Fountain Square icon Peppy Grill
Plans are in the works for a new location and further expansion of the greasy-spoon concept.
U.S. lumber importers are driving buying mania for European wood
The frenzy comes on the heels of record American forest-products imports from Europe in 2020, when North American demand soared and caught sawmills off guard with low inventories.
Developer planning $13.5M senior housing project in Speedway
The 60-unit apartment project will be part of Founders Square, which will include restaurants, shopping and a hotel.
Steak n Shake preps for self-service transformation
The Indianapolis-based chain, which previously announced plans to convert from table service service, now says it will cut costs further through “advanced self-service”
Ascension St. Vincent unveils three major projects on 86th Street campus worth $325M
The heavy investment in the campus—including a new women’s hospital and a brain and spine center—is the latest indication that Ascension St. Vincent is committed to the location, a major anchor along the busy West 86th Street corridor.
Cook Medical, not-for-profits to build full-service grocery near 38th and Sheridan
The 14,000-square-foot store—Indy Fresh Market—will be run by two neighborhood entrepreneurs and located in an area that is designated a food desert.
11th Street Development pitches alternative home designs for Lebanon’s growing workforce
The Lebanon City Council is set to consider special zoning in May to allow for new row-house and cottage-style residences to be built near Lebanon Business Park.
Onyx+East plans $12.5M project with 37 homes on north side of Fountain Square
The property is currently occupied by a former church building that was most recently used by New Birth Ministries. The structure will be razed as part of the project.
Inside the tussle between two of Indy’s retail icons
The fate of a Steak n Shake that has been a fixture in Nora for more than 40 years may rest on how much slack a local judge will give the Indianapolis-based company. But a court ruling against the company could clear the way for a new Crew Carwash.
Mass Ave on the road back with Bottleworks as anchor
There are about 115 retailers and restaurants along the street, plus dozens of service-oriented businesses and office users.
Westin hotel downtown spiffing up with eight-figure renovation
The overhaul follows the hotel’s acquisition by an Atlanta-based firm for $118.3 million in August 2019.
Bargain outlet opening in former Keystone Marsh store
The new Ollie’s store will be the fast-growing Pennsylvania-based chain’s fourth Indianapolis-area location, taking the site of the first Indianapolis-area Marsh grocery store.
Benjamin Harrison Presidential Site plans $6M in updates for grounds, interior, programming
Plans for the two-acre site, where the 23rd president lived before and after his time at the White House, include the addition of a new commons area and portico with a drop-off site for buses, as well as a promenade and a pathway connecting Pennsylvania and Delaware streets.