Redevelopment – Indianapolis Business Journal

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Wally’s set to open in Whitestown this month

June 4, 2026

The travel center will feature a convenience store, gift shop, extensive food offerings and bathrooms, plus gas pumps and electric vehicle charging stations.

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Keystone to spend at least $100M on acquisition, renovation of downtown Sheraton

June 4, 2026

Mickey Shuey

The Indianapolis-based developer plans to convert the property near Monument Circle to a Renaissance, an upscale hotel brand owned by Marriott International.

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Carmel unveils redevelopment ideas for U.S. 31

May 8, 2026 | Elissa Maudlin

For U.S. 31, renderings of design concepts show activated storefronts, pedestrian trails and sitting areas with green space planted right outside of office buildings. Tables with umbrellas, string lights and shrubs are also meant to encourage that pedestrian traffic.

Q&A: Holladay executive brings brokerage experience to development role

October 17, 2025 |

Mickey Shuey

South Bend-based Holladay has several other major projects underway, including Pembroke Place, the redevelopment of the former Angi Inc. headquarters, and the conversion of Circle Tower into a hotel.

Tom Dickey takes the reins at Rebar Development

September 19, 2025 | Daniel Bradley

Dickey joined Rebar last year after eight years with Carmel-based Hageman Group.

Kentucky-based retailer to open at former east-side RoomPlace store, warehouse

September 17, 2025 |

Dave Lindquist

Big Sandy Superstore, which sells furniture, appliances, mattresses and electronics, opened its first area store last month in Plainfield.

La Flaca music venue to open in International Marketplace district

June 19, 2025 |

Dave Lindquist

La Flaca at the Square, an 1,800-capacity music venue, will launch this summer in a retail strip southeast of the former Lafayette Square Mall.

Developer eyes $100M-plus overhaul of Monument Circle building, purchased for just $6M

June 17, 2025 |

Mickey Shuey

After launching the $120M Intercontinental Hotel across the street earlier this year, Keystone Group intends to collaborate with local and state officials to determine a long-term strategy for the former Anthem HQ.

Can a new push save Washington Square Mall?

May 23, 2025 | Taylor Wooten

Competing visions—from the mall’s current majority owner and a local politician—aim to revamp the entire 1.1-million-square-foot shopping center.

City commission approves plan to explore redevelopment of former Indiana Women’s Prison site

April 2, 2025 |

Mickey Shuey

City officials hope a partnership with Urban Land Institute will help cultivate redevelopment ideas that are feasible for the site and beneficial for the east-side neighborhood.

Indianapolis couple sues IU professor, students for $2B alleging they stole project plans

December 18, 2024 |

Mickey Shuey

Tim and Doris Anne Sadler say the students disclosed the couple’s plans for a 1,550-acre development in Puerto Rico to a company that used the information to take over the project.

City acquires former women’s prison property in land swap with state

September 18, 2024 | Taylor Wooten

In a deal announced Wednesday, Indianapolis will receive the former Indiana Women’s Prison site on the east side in exchange for a portion of Sherman Park and property that is home to the Indianapolis Animal Care Services municipal animal shelter.

Former Carnegie Library to become Atlanta Town Hall in northern Hamilton County

July 18, 2024 | Daniel Bradley

The Neoclassical-style building at 100 S. Walnut St. was the Hamilton North Public Library’s North Branch before it closed last year due to decreasing use and budget constraints.

Former Westfield library building to become school district event center

May 29, 2024 | Daniel Bradley

The Westfield City Council this week unanimously approved a plan to renovate and convert the 32,000-square-foot former library at 333 W. Hoover St. into the $15 million Westfield Washington Schools Event Center.

Hogsett ‘serious’ about leaving proposed Indy Eleven stadium site undeveloped

May 24, 2024 | Taylor Wooten

Indianapolis Mayor Joe Hogsett’s administration could pursue a plan to turn the proposed Indy Eleven stadium property into a memorial park to honor its history as an early cemetery grounds rather than let it be developed, the mayor’s spokeswoman confirmed Friday.

Hendricks closes on $85M purchase of Circle Centre Mall

April 24, 2024 |

Mickey Shuey

Hendricks Commercial Properties—the developer of the Bottleworks District—plans to spend at least $600 million to convert the nearly 30-year-old mall into an open air, pedestrian-focused retail, office and residential district.

InterContinental Hotel set to open this fall, bringing downtown another luxury lodging option

April 12, 2024 |

Mickey Shuey

The $101 million project at 17 W. Market St. will include 170 rooms and a rooftop bar with views of the Soldiers and Sailors Monument. The opening will come some five years after Keystone first proposed the hotel.

Indiana Finance Authority expands water study that includes LEAP data

March 27, 2024 | Whitney Downard, Indiana Capital Chronicle

The state agency took over the study in November after skepticism mounted over a proposal to pump millions of gallons of water daily from Tippecanoe County to a massive high-tech park planned in Boone County.

Developer unveils expanded plans for Lafayette Square after initial idea stalls

January 25, 2024 |

Mickey Shuey

Fabio De la Cruz said if his vision is realized and partners participate as he expects, the total investment in the area could reach $700 million to $1 billion.

Hendricks strikes deal to acquire Circle Centre, plans $600M redevelopment

December 20, 2023 |

Mickey Shuey

The Wisconsin-based firm behind Mass Ave’s Bottleworks District plans to spend the next decade transforming the downtown mall into an open air, pedestrian-focused campus with housing, offices and shopping.

Ahead of construction-related closure, City Market waives two months of rent for vendors

December 14, 2023 | Taylor Wooten

The Hogsett administration has not yet released an ending date for the closure and has not committed to additional mitigation measures for the vendors.

Plans advance for nearly $6M overhaul of Crispus Attucks athletic facilities

November 7, 2023 |

Mickey Shuey

The project on the downtown high school school campus entails relocating a pesky Verizon cell tower, reorienting the football field and track and upgrading seating for fans, coaches and the media.

JUNE 5-11, 2026

Digital Edition

Indianapolis Democrats weather first big test before mayor’s race

Taylor Wooten

Byrider back in gear after pandemic era struggles

Susan Orr

Q&A: Toyota Automated Logistics VP of people talks HQ move and new company

Joey Harris

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