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Forty Under 40 – 2018
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Articles
Flaherty & Collins plans $170M Michigan project
The project in suburban Detroit will include 500 apartments, a 200-room hotel, 20,000 square feet of retail and dining space, and a 30,000-square-foot grocery.
How Fishers created a downtown almost overnight
The Nickel Plate District has exploded with development—and the biggest project yet is on the horizon.
Toronto firm adds to Indianapolis holdings with two apartment acquisitions
Emma Capital Investments Inc., which entered the Indianapolis market earlier this year, has acquired apartment complexes on the city’s north and northeast sides totaling 496 units.
Marriott reveals years-long data breach affecting 500 million customers
The hotelier announced Friday morning that information for hundreds of millions of guests who stayed at its Starwood properties has been compromised. Credit card numbers and expiration dates for some guests may have been taken.
Metro apartment boom continues as rents keep rising
Apartment rent is on the rise in Indianapolis, thanks in large part to the area’s boom in new multifamily developments—and updates to old ones.
Coil Apartments in Broad Ripple sold for more than $40 million
A Chicago-based private-equity firm acquired the grocery-anchored 151-unit complex from a partnership consisting of developers Browning Investments and Sheehan Construction Co.
Area’s largest apartment complex sold in five-property deal worth $121 million
The new owners have renamed the five Indianapolis-area properties and plan to spend at least $29 million on renovations and upgrades.
Former factory site to become housing
Indianapolis-based Flaherty & Collins Properties has been selected by the La Porte Redevelopment Commission to construct a 200-unit multifamily development in NewPorte Landing, the former site of an Allis Chalmers farm-equipment factory. Flaherty & Collins plans to construct two buildings totaling about 167,000 square feet. The development will occur along the shores of Clear Lake […]
City-County Council votes to curb parking-meter-bagging program
The program resulted in a private developer and state lawmakers avoiding hundreds of thousands of dollars in parking fees by receiving free spaces at bagged meters.
Atlanta developer to build 7-story student housing complex downtown
Haven Campus Communities, an Atlanta-based development firm, received approval from the Metropolitan Development Commission this week to build a 172-unit student housing complex downtown near IUPUI.
New 360 Market Square apartment tower leaves trail of liens, litigation
Downtown’s new 360 Market Square apartment tower is leasing up nicely, but the $120 million project continues to be plagued by legal disputes related to its construction.
Indianapolis developer picked for $120M redevelopment project
Flaherty & Collins Properties was selected by the city of Valparaiso to develop a $120 million mixed-use project at the former Anco factory site.
MIKE LOPRESTI: From Harroun to Sato, Indy winners by the numbers
Here are 33 bits of trivia about past winners of the Indianapolis 500—one for each driver who will try to do it Memorial Day weekend.
Upscale Fishers apartment complex sells for nearly $37M
The 306-unit Flats at Fishers Marketplace complex was the site of a major fire in 2015 that destroyed one of the main buildings.
Huge surpluses have dried up for downtown tax increment financing district
Tens of millions in spending, along with unforeseen events, have drained the TIF’s unrestricted cash balance—money left to fund extra projects after covering debt and reserves.
Flaherty & Collins breaks ground on $41M Kansas City project
The Yards will consist of 232 market-rate apartments, ranging from studios to two-bedroom units, and 3,150 square feet of retail space.
Flaherty & Collins plotting $75M project in Cleveland
Flaherty & Collins, which is wrapping up its $120 million 360 Market Square apartment project in Indianapolis, has reached a development agreement for a $75 million mixed-use project in the Cleveland suburb of Cleveland Heights.
2018 Forty Under 40: P. Christopher Kirles
Even with the completion of 360 Market Square, a $120 million, 27-story mixed-use luxury apartment tower, Christopher Kirles doesn’t have much time to rest: Flaherty & Collins has $500 million in projects in the works.
Brixx pizza set to reopen in Fishers with new owners
The restaurant at The Depot at Nickel Plate is scheduled to reopen in February, four months after closing abruptly at the same location.