City projects move ahead, following clash over TIF
Mayor Greg Ballard charged forward on government-supported downtown development efforts after successfully shepherding an expansion of a TIF district over Democratic opposition.
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Developers unleash blitz of apartment projects
Construction began or was to begin soon on dozens of projects with thousands of units, most quite upscale and aimed at one of two growing segments of the population who increasingly see no stigma in renting: aging boomers and young families.
2012 NEWSMAKER: Council Dem Mahern plays role of antagonist
City-County Council Vice President Brian Mahern emerged as the chief foe of Indianapolis Mayor Greg Ballard’s redevelopment agenda.
Retail, apartment blitz hits Fishers
It seems as if all of Fishers is under construction—and not just the perpetual improvements to Interstate 69. Developers have lined up a multitude of deals adding residential and commercial space, projects that are coinciding with the town’s recent voter-approved transition to a city.
RACE: We’re turning our back on the city’s design DNA
Some large projects are in the works for Massachusetts and Indiana avenues. These projects are important. They can reconnect the fabric of downtown neighborhoods and commercial areas while adding economic and cultural vitality.
One Mass Ave project starts; another one is in limbo
Insight Development has begun building an $11.5 million, 61-unit apartment project at Massachusetts Avenue and East and North streets. But the fate of the second phase is up in the air because its financing had been tied to a project Insight and Flaherty & Collins Properties had hoped to develop across Mass Ave at the site of the Indianapolis Fire Department headquarters.
$33 million mixed-use project to remake Fishers
Fishers officials are finalizing a deal with a local developer for a mixed-use project that would launch a long-awaited transformation of the town’s suburban core.
City selects developers for Mass Ave project
City officials have picked the apartment specialist J.C. Hart Co., retail developer Paul Kite Co. and architecture firm Schmidt Associates to redevelop a prime Mass Ave parcel currently occupied by the Indianapolis Fire Department.
Report: Apartment gains could cool in 2013
Indianapolis-area apartment occupancy and rent rates should continue to grow in 2013, albeit at a slower pace, as developers finish more units and the single-family market picks up steam, the locally based apartment brokerage Tikijian Associates predicts in a new report.
Milhaus buying site for more downtown apartments
The local developer has agreed to purchase the former Mitchell & Scott industrial complex in the 600 block of College Avenue and is in the process of pulling together a plan for the site.
City asks developers to make local hires in downtown TIF
Indianapolis city-county councilors hope expanding the downtown TIF district will mean more jobs for their constituents. Developers, city contractors and other firms benefiting from the expanded economic-development zone must try to ensure that 40 percent of their work force comes from within the expanded TIF area.
Leases/leasing contracts
-Phillips Feed Services leased 85,625 square feet of industrial space at 5851 W. 80th St. The tenant was represented by Patrick Lindley of Cassidy Turley. The landlord, Prologis, represented itself.
-Nussli (US) LLC leased 39,736 square feet of industrial space at 6501 Bluff Road. The tenant was represented by Todd Vannatta of Cassidy Turley. The landlord, Bluff Road Properties LLC, represented itself.
-SXC Health Solutions Inc leased 12,474 square feet at 150 W Market St. The tenant was represented by Graham Summers of Jones Lang LaSalle. The landlord, National Education Association Properties Inc., was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Semio renewed its lease for 12,200 square feet at Intech 11, 6625 Network Way. The tenant was represented by Zane Brown of CBRE. The landlord, Network Way Properties LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Theoris Group Inc. leased 12,095 square feet at 8888 Keystone Crossing. The tenant was represented by David Moore of Cassidy Turley. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Electronic Manufacturing Solutions leased 10,250 square feet of industrial space at 1511 Hancel Parkway, Mooresville. The tenant was represented by Steve Schaub of Summit Realty Group. The landlord, D.A. Green LLC, was represented by Patrick Lindley of Cassidy Turley.
-Dale & Eke Professional Corp. leased 5,290 square feet at 9100 Keystone Crossing. The tenant was represented by Nick Svarczkopf of CBRE. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Hendricks County Child Advocacy Center Inc. leased 4,117 square feet of office space at 7519 Beechwood Center Road, Avon. The landlord, Avon Medical Building LLC, was represented by Jason Alsup and Allen Culpepper of RE/MAX Centerstone. The tenant represented itself.
-Midland Atlantic Properties Inc. leased 3,352 square feet at 9000 Keystone Crossing. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.
-American Society of Clinical Pathology leased 3,178 square feet at 8900 Keystone Crossing. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.
-Art with A Heart leased 2,289 square feet at Circle City Industrial Complex, 1125 Brookside Ave. The landlord, The National Bank of Indianapolis, was represented by Ashley Bussell and Ralph Balber of Newmark Knight Frank Halakar. The tenant represented itself.
-Wound Healing Care Centers of Indiana leased 2,000 square feet of medical space at 8355 Rockville Road. The tenant and landlord, Cloverleaf Property Group LLC, were represented by Allen Culpepper and Jason Alsup of RE/MAX Centerstone.
-Holy Guacamole leased 1,680 square feet at Buck Creek Shoppes, 6800 Bluff Road. The landlord, PK Partners LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.-SPA Nails leased 1,600 square feet at Willow Lake West, 2902 W 86th S. The landlord, USRP Willow West LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Foundation Financial Group leased 1,400 square feet at Greenwood Springs Shopping Center, 1279 Emerson Ave., Greenwood. The tenant was represented by Greg Smith of Colliers International. The landlord, Regency Centers, was represented by Keith Fried of Sitehawk Retail Real Estate.
-Flaherty & Collins Inc. leased 1,282 square feet at 8900 Keystone Crossing. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle. The tenant represented itself.
Parking-garage connectors receive city approval
The Metropolitan Development Commission’s plat committee has given local developer Flaherty & Collins Properties the go-ahead to include two upper-level pedestrian connectors in its plan to build a five-story parking garage downtown. The garage is part of a larger, $85 million development.
City to consider connectors for downtown garage
The developer of a five-story parking garage downtown is seeking city approval to build two upper-level pedestrian connectors to offer easier access to the garage, especially for employees of nearby OneAmerica Financial Partners Inc.
Showdown escalates in City-County Council over TIFs
Redevelopment of the Massachusetts Avenue fire station could remain in limbo for the foreseeable future, as Mayor Greg Ballard and council Democrats enter a standoff over tax increment financing districts.
EDITORIAL: City needs to raise bar for project design
It’s puzzling that Indianapolis doesn’t demand more of those who shape its built environment.
Fresh renderings: $23M Millikan on Mass Ave
Check out brand-new renderings of a $23 million residential and retail development planned for the land surrounding the Barton Tower apartments along Massachusetts Avenue between Michigan and East streets.
Group: OneAmerica garage needs retail, better design
A group of urban policy advocates and bloggers are appealing the city’s approval of a monolithic parking garage, arguing taxpayers footing the bill for the project deserve better.
Whitsett’s Lockerbie project will be market rate
Whitsett was counting on selling state-issued affordable housing tax credits to finance the $27 million project, but it wasn’t among the projects awarded credits.
EDITORIAL: City sends message that design counts
Indianapolis’ urban design guidelines are intended to create an environment that is appealing to those who live, work and shop here. That, in turn, creates demand, providing an opportunity for future investment while protecting investments already in place.