Five of the six buildings that Indianapolis Public Schools put on the block last month have attracted offers, with bidders appearing to lean toward renovating several as apartments.
The school system is expecting a flurry of interest in the 11-acre site—dominated by a former Coca-Cola bottling plant—as development opportunities in the popular cultural district dwindle.
Van Rooy Properties plans to spend more than $3.5 million to convert the crumbling structure into market-rate apartments while also constructing a new building on an adjacent lot to the west.
City officials are considering incentives for the two-story project, which would feature a restaurant and brewery on the first floor and office space for lease on the second level.
TWG Development LLC has agreed to pay $3 million to buy part of the AT&T property near the busy intersection of College Avenue and Kessler Boulevard to build a $39 million apartment project with an underground parking garage.
Former Indiana House Speaker John Gregg remains the only Democratic candidate for the party's 2016 nomination for governor after a potential challenger decided against entering the race.
Station Place on South Meridian Street is listed for $10.5 million, and the Indiana University Research & Technology Corp. is accepting bids for its building on the Central Canal.
The federal penalty for having no health insurance is set to jump to $695, and the Obama administration is being urged to highlight that cold fact to help drive more sign-ups.
After receiving no bids for projects for the southwest corner at 106th Street and Bennett Parkway, the Zionsville Redevelopment Commission has agreed to sell the acreage to Indianapolis-based Scannell Properties.
Taxpayers still owe $11.2 million to consultants and contractors involved with an abandoned plan to build a new criminal justice center for Marion County.
Real Alternatives will act as a middleman, signing up service providers to "enable pregnant women in Indiana to maintain pregnancy and achieve positive healthy pregnancy outcomes through provision of pregnancy support services and referrals to care."
Eight firms are bidding to be the media-buying and planning-services agency for the Hoosier Lottery. Though the Lottery's ad contract isn't as lucrative as it once was, the winner could score an annual six-figure payoff.
The Fishers Redevelopment Commission is accepting bids on a 0.62-acre parcel at 3 Municipal Drive until Dec. 11. The property sits to the south of the Fishers City Court building and is being used for construction staging.
A local company bought the historic building at 351 S. East St., near the entrance of the Fletcher Place neighborhood, and plans to convert it into office space.
The city of Fishers has agreed to take control of part of State Road 37 during the design and construction phases of a $124 million project designed to relieve congestion on the busy highway, local and state officials announced Thursday.
