Construction moves forward on massive developments
The decisions about construction are up to developers and construction firms, as the industry is exempt from Gov. Eric Holcomb’s orders that non-essential businesses close and Hoosiers stay home.
Construction
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Virus forces CIB to scale back first phase of $360M fieldhouse renovation project
The Capital Improvement Board is significantly scaling back the first phase of a $360 million Bankers Life Fieldhouse renovation as uncertainty about working conditions and the NBA season have thrown a wrench into the construction schedule.
INDOT awards $126.6M in local road funding grants, as construction season starts early
With the ongoing spread of COVID-19 in Indiana, many regular aspects of life have come to a halt, but one normalcy is continuing: road construction.
INDOT to close I-70 in Indianapolis to take advantage of pandemic traffic slowdown
The Indiana Department of Transportation said it was accelerating planned construction on the interstate while traffic is down about 40%.
Bottleworks, justice campus among projects moving forward despite coronavirus closures
The construction industry is exempt from Gov. Eric Holcomb’s orders that non-essential businesses close and Hoosiers stay home.
Little League delays opening of regional HQ in Whitestown by one year
Little League International has postponed this year’s planned opening of its Central Region headquarters, citing construction delays, not the coronavirus pandemic.
Growing churches look to retail spaces, office buildings for expansions
The trend toward commercial structures has been driven largely by modern churches’ desire to operate in heavily populated areas, to be closer to pockets of potential members, he said.
Three downtown hotel projects delayed amid development glut
A trio of hotels in downtown’s construction pipeline have stalled in recent months, raising questions about whether they will ultimately move forward.
First 16 Tech office building set to open in June; Innovation Hub to follow
The long-planned $500 million project is at a pivotal moment—one its organizers say could serve as a catalyst for tremendous growth at the 50-acre campus and for central Indiana overall.
Carmel City Council directs panel to review Hotel Carmichael cost overruns
The Carmel City Council on Monday voted to have its four-person finance committee look into what led to $18.5 million in cost overruns on the Hotel Carmichael project. It rejected a proposal have the entire council involved in the review.
U.S. construction spending rises to record level
Spending on U.S. construction projects rose 1.8% in January, helped by strong gains for home construction and government building projects.
U.S. home construction dips 3.6% in January
The U.S. Commerce Department reported that builders started construction on 1.57 million homes, a decline of 3.6% from 1.63 million units in December. That had been the highest point since late 2006 at the peak of the housing boom of the last decade.
Justice center’s first building—a center for addictions, mental health—nears completion
The city is just six months from a tentative opening for the first piece of the justice campus project, the 37,000-square-foot Assessment and Intervention Center. Construction on other buildings in phase one is well underway, and the city has started planning for phases two and three.
Huge cost overruns on Carmel hotel fuel questions about construction costs
The cost of the 122-room, city-backed hotel has swelled to $58.5 million, up from $40 million when the Carmel City Council green-lighted it two years ago. Some councilors have called for an audit to dig into the details.
Noblesville Schools plans new $14M football, track stadium
The district said the facility will be built behind Noblesville High School on Field Drive, replacing a former transportation building.
Developer plans eighth floor, 39 more rooms for downtown hotel project
Original plans called for a 99,000-square-foot, seven-story building with 104 Moxy rooms and 102 AC Hotel rooms. The new plan includes 126 Moxy and 119 AC rooms in a structure of just more than 113,000 square feet.
Indiana’s northern neighbor to borrow $3.5B to fix roads
Calling her state’s roads “the most beat up and dangerous in the country,” Michigan Gov. Gretchen Whitmer announced Wednesday that she will borrow $3.5 billion to rebuild deteriorating highways and bridges over five years.
CIB approves $62 million in contracts for Fieldhouse overhaul
The board approved eight bids—mostly to local firms—for the first and second phases of the $360 million project.
Developer, town of Speedway locked in fight over stalled Wilshaw hotel project
Correspondence obtained by IBJ between town officials and the developer reveal a tug of war over information on the hotel’s status and a disagreement over whether the company has violated a project agreement.
Indianapolis-area homebuilders end 2019 with second-half surge
A big December was not quite enough to make last year’s construction pace exceed 2018’s. It was the first year since 2011 that fewer single-family building permits were filed in the area than in the previous year.