State sells former GM stamping plant site to Elanco for $27M
Indiana Gov. Mike Braun said the agreement “enables Elanco and its partners, including Purdue University, to accelerate the creation of an innovation district in downtown Indianapolis.”
Real Estate
Articles
Multimillion-dollar estate sales present unique hurdles
A complicated and delicate dance takes place whenever an estate the scale of the one owned by the late Indianapolis Colts owner Jim Irsay hits the market as it did last month.
Q&A: Attorney Fernanda Beraldi’s jewelry store passion project has roots in her native Brazil
Since acquiring Windsor Jewelry with a partner, Beraldi has dived headfirst into the business—meeting with designers, making many of the design decisions for the space and helping to choose the collections that will be featured.
Alliance confronts complex facility arrangements in IPS, charter schools
The 103 public schools within the borders of Indianapolis Public Schools operate with a variety of different building arrangements that pose a complex challenge.
Existing-home sales in central Indiana see July swoon
After seeing a big jump in June, existing-home sales in central Indiana returned to a more familiar recent pattern in July.
City proposes increases for permit fees, inspections, penalties
Indianapolis might soon begin charging more money for construction permits and inspections while also hiking penalties for code and ordinance violations under a proposal that updates fees, including some that haven’t been changed since 1988.
BWI affordable housing project gets initial incentive OK despite problems with previous phase
A developer under criticism for previous work on an affordable housing project on the near-northwest side of Indianapolis has received initial city approval for financing help on the development’s next phase, but with several new requirements.
Traders Point covered bridge listed among state’s ‘10 Most Endangered’ landmarks
The Traders Point covered bridge was built around 1880 to allow travel above Fishback Creek near present-day West 86th Street east of Interstate 65.
Carmel reveals design proposals for former CNO Financial Group campus
Architecture firms Browning Day, Ratio Design and Yard & Co. provided designs for the more than 80-acre property.
Claire’s, once a mall destination for tweens, files for bankruptcy
Claire’s has nine locations in the Indianapolis area, including mall stores in Castleton Square, Clay Terrace, the Shops at Perry Crossing, Greenwood Park Mall and Hamilton Town Center.
Amid urban walkability push, zoning stalls some projects
Development restrictions along the route of IndyGo’s future Blue Line intended to foster transit-oriented development have created difficulties for two projects along East Washington Street.
Estate of late Indianapolis Colts owner Jim Irsay on the market for $12M
The Carmel estate bordering Crooked Stick Golf Club features a 25,843-square-foot main residence with six bedrooms and 12 bathrooms.
Ready to deal: New CEO of Flaherty & Collins eager to grow firm
IBJ talked with Robert Flaherty about becoming CEO of a family company, what he learned from his dad and the company’s portfolio.
At century mark, Footlite venue seeks support for repairs
All proceeds from a centennial gala, with tickets priced $65 to $125, will support preservation efforts of the Hedback Community Theater.
Arrow McLaren nears move to new racing HQ
The racing team plans to renovate its newly-acquired building and expand its footprint to 86,000 square feet, nearly tripling the size of its current facility.
Charter leaders want IPS to transfer building ownership to their schools
While charter leaders have requested ownership of IPS buildings, supporters of traditional public schools have called for the district to charge for all services it provides to its charter partners.
Castleton complex acquired in state’s second-largest apartment transaction
The complex has undergone more than $20 million in renovations since 2020, including luxury-level finishes, fully upgraded kitchens and bathrooms, new roofing, refreshed hallways and fresh paint throughout.
Historic Fishers farmhouse to be ‘deconstructed’ and ‘repurposed’ for new project
The Kincaid House, a 164-year-old farmhouse that has been a landmark along Interstate 69 in Fishers for the past decade, is scheduled to be taken down by the end of the month.
Boutique hotel planned near Cultural Trail on Virginia Avenue
Plans for the 26-room hotel are still in the early stages, with the owner set to request feedback on its proposal during an Indianapolis Historic Preservation Commission meeting.
Shiel Sexton carves out high-profile sports projects as niche
Interestingly, while sports have been very, very good to the company, management didn’t set out to make arenas and fieldhouses one of their specialties. It just sort of happened.