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Forty Under 40 – 2018
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Metro apartment boom continues as rents keep rising

November 29, 2018

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

November 28, 2018

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

November 7, 2018

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

October 10, 2018

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

July 17, 2018

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

July 13, 2018

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

June 14, 2018

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

May 14, 2018

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

May 10, 2018

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

April 30, 2018

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

April 12, 2018

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.

2018 Forty Under 40: P. Christopher Kirles

February 6, 2018

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

December 26, 2017

The restaurant at The Depot at Nickel Plate is scheduled to reopen in February, four months after closing abruptly at the same location.

TWG again seeking tax credits for delayed church project

December 22, 2017

The local developer has modified its plan and wants to build an affordable senior housing project on the far-east-side church property instead of in the church itself.

Great Places 2020 organizers hope 2018 is transformative year

November 29, 2017

The effort, launched in late 2014, aims to mix private-sector investments with federal tax money to spark residential and commercial activity in five targeted Indianapolis neighborhoods.

Pizza restaurant in downtown Fishers abruptly closes

November 22, 2017

The North Carolina-based chain signed on as the anchor tenant to a key $42 million apartment and retail project in July 2014.

Proposed fee for Mile Square property owners attracts opposition

November 17, 2017

Downtown Indy is encountering resistance from some big property owners to its plan to create an economic improvement district that would raise about $3 million annually through a fee.

Efforts to remake Brownsburg’s downtown in progress

October 31, 2017

Four projects totaling about $85 million, including three already under construction, will bring apartments, offices and retail space to a key stretch of Green Street.

Parapet atop apartment tower generating debate about finished product

October 26, 2017

Some onlookers have noticed a difference between renderings for 360 Market Square and what’s being built atop the apartment tower. It turns out the developer has switched a prominent material.

Renovated downtown office building lands tech tenants

October 24, 2017

The J.F. Wild Building on East Market Street, a vacant tower recently restored with a $7 million rehab, now has occupants for about half of the building.

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Forty Under 40 – 2018

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