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City looks to spend $54M to purchase Pan Am Plaza, move hotel project forward
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.
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.
The Colts are scheduled to play in Frankfurt against the New England Patriots during Week 10 of the league’s regular season. It’s the first time the franchise has been selected for an international game since 2016.
Republican Jefferson Shreve said he disagrees with the decision by Mayor Joe Hogsett’s administration to take over financing and ownership of the $510 million Signia by Hilton—a key part of the city’s convention strategy.
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.
As part of the move, the Mad Ants—named in honor of Fort Wayne’s namesake “Mad” Anthony Wayne—will get a new nickname.
The city is trying to capitalize on construction of Indiana University’s $4.3 billion Methodist Hospital complex and other projects underway or in development on the north side of downtown.
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.
More than a dozen major gifts have been made for the youth sports facilities project, with most coming from real estate companies and associated foundations whose leaders have connections to the organization.
The campaign was privately launched in 2021 and has already raised $3.4 million from more than 150 donors.
Meridian Enclave would consist of 16 townhouses spread across four buildings all in the same block, southeast of the intersection of Sycamore and Charles streets. In addition, the developer plans to rehabilitate two adjacent homes.
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 Plaza at Central Greens project will comprise five buildings, including three apartment structures with 117 units, an amenity center and a retail building.
Indianapolis officials want fewer parking lots downtown, reflecting part of a national movement that envisions less reliance on cars, more use of mass transit and a reduction in carbon emissions.
Indianapolis-based Landmark Properties Inc. has agreed to terms on a $2 million redevelopment tax credit to support the project across from Bottleworks.
A top official for the Indiana Economic Development Corp. said numerous companies are considering major investments in the planned advanced manufacturing and tech hub in Boone County known as the LEAP District.
Several prominent conservatives took the stage during a leadership forum at the National Rifle Association Annual Meetings in Indianapolis.
Former President Donald Trump tells the National Rifle Association convention in Indianapolis that he once again will be its “loyal friend and fearless champion” with members’ support in 2024.
The rooftop plans call for an outdoor deck with seating for more than 50 people, as well as an indoor space with a small kitchen, a bar and table seating for another 50 people.
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.
A request to replat the site initially led to some concern among neighbors that some of First Baptist Church’s property would be used for housing development.