Brainard, 69, announced in September 2022 that he would not seek an eighth term. Sue Finkam, a Republican member of the Carmel City Council, will succeed him on Jan. 1.
The mall redevelopment is not the largest downtown project in terms of cost. But it will elevate a vast and critical piece of real estate as more than $9 billion in other downtown projects are slated to come to completion over the next decade.
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.
The Hogsett administration has not yet released an ending date for the closure and has not committed to additional mitigation measures for the vendors.
While total homicides in Indianapolis are down this year by over 20% from the record set in 2021, the number of homicides in the 19 and under age group has reached its highest mark since 2018.
With less than a month to go before they take office Jan. 1, the five members of Whitestown’s next town council—three new councilors and two who will start their first full terms—are preparing to get to work in Indiana’s fastest-growing community.
The sale of Carmel Center Apartments from Louisville-based NTS Development Co. to Dayton, Ohio-based The Connor Group closed at a significantly higher price than what NTS paid for the property in 2015.
The city wants to build a “housing hub” that will include the city’s first low-barrier homeless shelter on 11 parcels at the intersection of Shelby and East Georgia streets.
The council also approved tens of millions of dollars in bonds to support the redevelopment of Old City Hall, a demolition of the former Jail I building and renovation of portions of the City-County Building. Also passed Monday was a plan to create a study commission on the use of artificial intelligence.
Indianapolis-area brokers are bullish on the future of the local retail sector as occupancy rates grow in the aftermath of the pandemic and demand for space outstrips supply in some suburbs.
Ash & Elm’s planned 3,500-square-foot location, part of a multi-phase development by Carmel-based Old Town Cos., will be the company’s second restaurant and tasting room when it opens in spring 2024.
Bridges Townhomes on the east side, Grand Meridian on the near-north side and Richardson Townhomes at the Central State Hospital campus each received tax credits as part of the 9% Low-Income Housing Tax Credit program for 2024.
The live-work-play campus has been picked to join a new national network designed to connect researchers, entrepreneurs and investors to accelerate the development of health care products and services and speed up health care innovations.
As approved by the Metropolitan and Economic Development Committee, the district would collect various taxes to cover a portion of the cost for the stadium at the proposed Eleven Park development. The City-County Council now must weigh in.
The two Indianapolis-based developers have requested the city issue a total of $76 million in developer-backed bonds to help cover the cost of design and construction of the projects.
The move follows pushback by several neighborhood groups on the north side who expressed concern about the city’s plan, which could rely heavily on the Midtown tax-increment financing district to repay bonds issued for the acquisition.
Indianapolis-based Milhaus plans to build a 125-room hotel, a 228-unit apartment development and 75-for-rent townhouses in the initial phase of the redevelopment.
