The project, tentatively named the Post Road Airport Business Park, would consist of 10 buildings across more than 138 acres, ranging from just 40,000 square feet to nearly 300,000 square feet.
Kleinhenz said while the goal remains to have a hotel at the site, the town is open to alternatives, including a mixed-use development with retail and apartments or a corporate headquarters. And he said the lack of progress on the site hasn’t exactly deterred activity elsewhere in town.
Indiana Members Credit Union has more than 160,000 members and 31 branches across the state. The company, founded in 1956, also employs about 525 people statewide.
Ten tenants, including two restaurants, are expected to open this fall in the newly named Factory Arts District.
Economic development leaders want the 45 acres to be developed as the OneHealth Innovation District—a partnership between Elanco Animal Health, Purdue University and the Indiana Economic Development Corp.
The CIB is buying the property as a strategic acquisition tied to the ongoing redevelopment of Pan Am Plaza.
Dan Parker, chief deputy mayor of Indianapolis, revealed at an IBJ event on Tuesday that he has pitched Purdue officials on locating some of its downtown operations in one of the two available buildings on the Circle.
The new owner of Windermere Center at 62nd Street and Allisonville Road has switched strategies from developing new projects to buying existing retail properties, refreshing them and signing new tenants.
Initial plans for the project include 151 apartments, a 125-room hotel, 63,000 square feet of office space, 15,000 square feet of retail space, 508 parking spaces and a public plaza.
The United States Postal Service could consolidate some of its Indianapolis facilities into a massive regional distribution hub opening later this year on the city’s east side, occupying land that formerly housed a Navistar plant for many decades.
Phil Ray also weighs in on the new taxing district the city is considering for beautification and public safety efforts downtown, plus the city-funded construction of an 800-room hotel that would become the JW Marriott’s biggest competitor.
Demolition already has begun on the 56-year-old office structure, which was purchased out of foreclosure for $1.59 million. The developer envisions restaurant, retail and medical office tenants that will vibe with continued redevelopment along the Keystone corridor.
Here’s how plans for a $300 million complex with a luxury hotel and concert venue could vibe with Gainbridge Fieldhouse and Commission Row—not to mention the proposed soccer stadium a couple blocks to the east.
For decades, Herb Simon’s downtown investment focused on owning Pacers Sports & Entertainment and managing Gainbridge Fieldhouse. But in recent years, Simon and his family have expanded their investments and holdings in downtown’s Warehouse District.
A request for proposals from developers for the 2-acre site is expected to be issued in 2025.
Five years after Indianapolis-based Kite bought the shopping center, the developer has invested in utilities, signage and infrastructure and is adding eye-catching tenants West Elm, Williams Sonoma and Bluemercury.
Indianapolis-based Pure Development has developed more than 35 real estate projects nationally and has a contract with the Indiana Economic Development Corp. to lead efforts on the LEAP Lebanon Innovation and Research District.
The 1.08 million-square-foot complex is expected to sell for significantly less than the $150 million it fetched in 2019, real estate sources told IBJ.
The Hogsett administration says no development can proceed on the property unless the owner agrees to treat human remains found there in a way that is consistent with the wishes of a community group.
Plans call for up to 100,000 square feet of Class A office space, as well as a new standalone building, a small plaza, and new restaurant and entertainment offerings.
