Credit union to take over former downtown barbecue spot
The spot near Monument Circle has been vacant since September 2020. Indiana Members Credit Union expects to open a branch office there this summer.
The spot near Monument Circle has been vacant since September 2020. Indiana Members Credit Union expects to open a branch office there this summer.
Indianapolis-based Kendall Property Group plans to spend up to $6 million on a new building at Creekside Corporate Park.
KennMar is investing millions of dollars to remodel and refurbish the office park. The company declined to give a precise price tag for the project but acknowledged it is a little shy of the original $12 million it cost to build the complex more than 50 years ago.
Skillman, the 11th-largest Indy-area construction contractor, is among a handful of local construction firms to give their employees a direct stake in operations and profits.
Control of the Pan Am Plaza site would allow the city to move forward with its plans to redevelop the property with the 40-story Signia by Hilton hotel.
Known as Versa, the project will include more than 230 apartments, a 245-space parking garage, and 3,600 square feet of ground-floor retail space.
Developer Ambrose Property Group began construction on the $60 million facility, known as Mount Comfort Logistics Center Building V, in March 2022.
The company has leased the 18,000-square-foot building since 2002 and hopes the purchase—made possible through a small-business loan—will cement it in that location for the foreseeable future.
Hogsett administration officials said the move was necessary to save the project after Kite Realty Group told the city it couldn’t secure suitable financing for a planned 814-room Signia by Hilton hotel.
The first in a series of demolitions began at the 20-acre site near East 42nd Street and Post Road on Friday. Over the next year and a half, the city plans to acquire more than 150 parcels and relocate residents.
Called Allison Pointe, the project is designated for a 10.5-acre undeveloped parcel in a small commercial park along Allison Lake, a manmade body of water between 82nd Street and I-465.
The retailer has set a closing deadline for its stores, including those in Carmel, Noblesville, Greenwood and Bloomington, and announced it will stop accepting its ubiquitous coupons soon.
The tech giant, which has been cutting costs and restructuring its real estate in the face of a possible economic downturn, put three contiguous floors at Salesforce Tower in downtown Indianapolis on the market for sublease.
The first Indiana location for Wing Zone, a fast-casual chain with more than 60 locations, is expected to open by the end of the summer.
Two development companies are seeking city approval to rezone multiple parcels between West 79th and West 86th streets just west of Interstate 465 as the site for a $500 million mixed-use development.
A local entrepreneur is in the early stages of redeveloping a 5,400-square-foot building, anchored by a pizza restaurant, directly south of the Indy Eleven and Keystone Group stadium district project at the former Diamond Chain Manufacturing Co. site.
As being developed by Indianapolis-based Cunningham Restaurant Group, the lineup of eateries in the $20 million Commission Row will include an upscale restaurant with steak and seafood, as well as a tavern-style concept with more shareable fare.
Indiana’s first Crazy King Burrito location is expected to open June 1 in Carmel. Other suburban locations for the fast-casual restaurant are in the works.
Iowa-based HNI said Wednesday that the acquisition of Indiana-based Kimball International will enhance manufacturing capabilities and create a combined company that can better benefit from post-pandemic trends in the markets it serves.
The building was purchased from former occupant Girls Inc. by an affiliate of Merchants Bank for $3.1 million in May.