Builders in the nine-county Indianapolis area are seeing their busiest year since 2005 despite soaring lumber prices and snarled supply chains that have made it difficult to get products to complete new homes.
Logansport-based Steinberger Construction Inc. is investing $1.39 million to open an office in Lebanon, where it hopes to hire as many as 17 workers by the end of 2023.
The city identified 605 residential lane miles across Indianapolis that are in particularly poor condition. The city is allocating enough money to fix only about 10% of those miles, starting as soon as next spring.
The frenzy comes on the heels of record American forest-products imports from Europe in 2020, when North American demand soared and caught sawmills off guard with low inventories.
The Lebanon City Council is set to consider special zoning in May to allow for new row-house and cottage-style residences to be built near Lebanon Business Park.
The contract is part of $10.2 million reconstruction project to Market Street on both the east and west sides of Monument Circle.
The State Road 32 expansion project in downtown Westfield hit a speed bump Wednesday when the Indiana Historic Preservation Review Board of the Department of Natural Resources voted to prolong the proposed route’s review by at least 30 days.
The teardown of the 770-space structure began in March and is expected to be completed sometime this summer, followed immediately by the start of construction on the new 1.5-acre plaza space.
Indianapolis-based Electrical Repair & Maintenance Co. Inc.—better known as ERMCO—unveiled plans Tuesday afternoon to build a headquarters in Greenwood where it will employ 170 workers.
The Westfield City Council president is questioning whether to move forward with a road-widening project more than a decade in the making over concerns that it will exceed its budget.
The redevelopment of the former Greenwood Middle School site would bring hundreds of residential units, plus restaurants, retailers and a public parking garage to the city’s downtown.
In its “Infrastructure Report Card” released Wednesday, the group estimated it would cost $5.9 trillion over the next decade to bring roads, bridges and airports to a safe and sustainable level.
Estridge, 63, said a recent lung transplant, along with other factors, convinced him now was the right time to step away from his company after nearly 40 years in the business.
Despite an economy that’s been battered for nearly a year because of the coronavirus pandemic, historically low interest rates and city dwellers seeking more space in the suburbs and beyond has boosted home sales.
During the presidential campaign, Joe Biden pledged to deploy $2 trillion on infrastructure and clean energy, but the White House has not ruled out an even higher price tag.
Each project would range from $7 million to as much as $40 million, with funding coming from bonds tied to an expiring pension levy.
County officials said the increasing caseload at local courts justifies building an $11.5 million, five-story garage with an additional 100 spaces.
Indianapolis-based SC Bodner Co. is planning to build and move its headquarters into a $6 million office development along U.S. 31 in Carmel, according to a proposal filed with the city.
Central Indiana homebuilders saw another onslaught of interest from buyers in December, adding to their busiest year since before the Great Recession.
House Bill 207, authored by Republican Sen. Blake Doriot of Goshen, would change how cities and counties with wheel and vehicle excise taxes in place are required to spend Motor Vehicle Highway funds for the next two years.
