Memory Bank: The monument at nighttime in 1951
The 284-foot-tall monument is the largest of more than 200 Civil War memorials in the U.S. and the only one that combines large-scale sculpture in bronze and stone.
Real Estate
Articles
Condos are in the works for Carmel’s central core
City officials have long sought to diversify housing options by introducing for-sale condominiums and town houses into a market saturated by hundreds of high-end apartments.
St. Vincent faces expensive growth options
The hospital system’s 45-year-old campus will likely need hundreds of millions of dollars in upgrades in coming years to keep it competitive long term.
Program to spur growth is not limited to poor communities
The area that includes the Fletcher Place neighborhood and the southeast corner of downtown is one of the hottest parts of Indianapolis, yet it’s included in a federal program designed to spur investments in poor neighborhoods.
Not-for-profit plans $12M welcome center, museum for ethnic-food district
The International Marketplace Coalition has purchased a former Value City Furniture location on Lafayette Road to serve as a focal point for the district, which includes more than 100 restaurants.
Retailers seek to stretch shortened holiday shopping season
Faced with the shortest holiday shopping season since 2013, retailers are trying to figure out ways to get into the minds of shoppers sooner.
Simon Property meets, exceeds 3Q analyst expectations
The Indianapolis-based real estate investment trust topped Wall Street expectations with its revenue in the third quarter and matched predictions for a key performance measure.
Gerald Paul, co-founder of Paul Harris Stores, dies at 95
In addition to co-founding and leading national women’s clothing retailer Paul Harris Stores, Gerald Paul was an active philanthropist in local arts, education and Jewish causes.
Downtown condo features great views, fresh renovation
Jeff and Anna Tegethoff spent 16 months renovating a condo at 429 N. Pennsylvania St. into what he calls an “urban oasis.” But six months after moving in, they’re putting the house on the market.
Carmel-based builder that launched during recession just keeps growing
Old Town’s sister companies are continuing to develop projects in Carmel, working on a large mixed-use development that will help transform downtown Westfield, and expanding their reach into West Lafayette, where the company is part of a $1 billion project being constructed next to Purdue University’s campus.
Residential Real Estate: Marketplace Stats for October 25, 2019
Inventory remains low. As of Sept. 1, the region had just two months of supply—10% less than at this time last year—meaning it would take just two months to sell out the current inventory of houses if no more came on the market.
Memory Bank: Selling fall produce outside Tomlinson Hall
This photo of an Indianapolis City Market vendor taken Oct. 6, 1923, shows the back side of the stands, with vehicles pulled up and fruit and vegetable crates tossed aside.
Ambrose rejects city’s $6M offer for GM stamping plant site
The offer came during a 40-minute meeting at Ambrose’s headquarters on Monument Circle, at which the two sides discussed their ongoing dispute over the city’s insistence that it acquire the 91-acre property, using eminent domain if necessary.
Ambrose files notice to sue city, says it has suffered at least $30M in damages
Ambrose Property Group says it intends to accuse the city of slander of title, defamation, tortious interference, fraud “and any and all other relevant tort claims.” The city contends it has acted properly.
Developer of firehouse project in Butler-Tarkington eyeing start by year’s end
Third Street Ventures has received permits for nonstructural interior demolition of the former fire station near 56th and Illinois streets, but it hasn’t yet firmed up the building’s commercial use.
Online ordering boom gives rise to virtual restaurants
Thousands of restaurants are experimenting with virtual spinoffs, offering new cuisine concepts with food prepared inside pre-existing kitchens. Others are opening “ghost kitchens,” where all food is prepared to-go.
IBJ Podcast: The latest on Indy’s downtown restaurant scene—what’s coming, what’s going
IBJ real estate reporter Mickey Shuey describes the downtown restaurant scene, with details about what’s closing, what’s opening and what’s coming in the future. Plus, find out where you’re likely to spy some IBJ reporters the next time you’re out for lunch.
MEMORY BANK: Burger Chef opens 450th restaurant
Burger Chef launched in Indianapolis in 1958 and opened its first downtown location in September 1965.
Brokers say downtown dining scene hopping despite high-profile closures
A host of big-name restaurants has closed downtown over the past year amid financial struggles and disappointing sales.
IHPC members pan design of proposed 22-story addition to Morrison Opera Place
Members of the Indianapolis Historic Preservation Commission on Thursday said they would be hesitant to support the design for the proposed $60 million, addition. One even called it a “brutal proposal.”