Athenaeum shelves redevelopment of adjacent lot
Plans to redevelop a surface lot adjacent to the historic Athenaeum building have been shelved after proposals failed to meet financial expectations.
Plans to redevelop a surface lot adjacent to the historic Athenaeum building have been shelved after proposals failed to meet financial expectations.
A federal grand jury has returned new charges in a fraud scheme involving the Indy Land Bank, including a wire fraud count against two defendants for allegedly fleecing the victims of a previous real estate scam.
Only two contenders have thrown their hats in the ring, with 10 positions open and just seven months to go before the fledgling city’s debut election. Lack of defined district boundaries is a hurdle.
The two Class A office buildings totaling 348,000 square feet are close to being sold after falling into foreclosure during the implosion of defunct local developer Premier Properties USA Inc.
For the first time in its 26-year history, the Indianapolis Fall Boat and RV Show will include an auction open to the public. Event organizers think it will draw bidders from far and wide.
The city hopes to seek bids to redevelop land along East Washington Street that is part of the four-acre P.R. Mallory industrial complex. Real estate experts say an affordable housing project might make the most sense.
Indianapolis will seek to host its second Super Bowl in 2018 after a highly praised debut in 2012. “We’re going after the Super Bowl on the merits of our greatness and what we accomplished” in 2012, said Colts owner Jim Irsay.
Business owners told members of the Indiana General Assembly’s Small Business Caucus that there’s a problem: They can’t compete with public assistance programs.
The acquisition of the 450,000-square-foot distribution center is another sign of the improved health of the Indianapolis area’s industrial market.
Mayor Greg Ballard takes pride in Rebuild Indy, the city’s nearly $400 million program that doubled the volume of public works projects—and became engineering and construction firms’ largest business opportunity with the city in more than a decade.
The town of Fishers is seeking proposals from Hoosier artists interested in an $8,000 gig creating a mural that will kick off a public art initiative in the suburban community.
The Carmel City Center building that housed Shapiro’s Delicatessen for more than a decade is for sale following the restaurant’s June closure.
Indianapolis-based United States Infrastructure Corp. just changed hands for the third time in five years—but not because it’s a hot potato nobody wants. Quite the contrary, as the latest sale price—nearly $1 billion—demonstrates.
Allison Melangton, CEO of the city’s 2012 Super Bowl Host Committee and leader of the 2018 Super Bowl Bid Committee, is promising to come up with another attention-grabber to deliver the bid early next May—if the city proceeds with a bid as expected.
Flaherty & Collins, the developer of the 28-story tower, “would love to have a Whole Foods” or similar grocer as a retail tenant. With one Marsh two blocks away and another under construction nearby, the project begs the question whether the area can support three groceries.
The city received five proposals to redevelop a portion of the former Market Square Arena site. Here are details of the proposals, including those submitted by developers that weren’t selected.
City incentives and a strong apartment market suggest Flaherty & Collins’ proposed $81 million, 28-story downtown apartment tower has a better chance of getting built than two previous attempts to redevelop the former site of Market Square Arena.
The prolific local developer Flaherty & Collins Properties is expected to land a deal with the city to build a residential and commercial skyscraper on part of the former home of Market Square Arena, multiple sources said Monday evening.
City officials will reveal the winner Tuesday morning from six teams that bid on redeveloping the downtown site. All proposed mixed-use projects, but they ranged in size from eight to 52 stories.
Bowen Technovation President Jeff Bowen says the university unfairly favored his Florida-based competitor to install a sophisticated audio-visual system for its new planetarium, but Ball State maintains there was nothing wrong with its process for awarding the nearly $2 million contract.