City gives OK for $60M apartment building on canal
Investment Property Advisors agreed to reduce the size of the apartment building from 26 stories to 10 stories and from 485 units to 319 units to help gain support from the city.
Construction
Articles
Decision on Broad Ripple garage delayed again
The two-week continuance granted to remonstrators on Tuesday by the Metropolitan Board of Zoning Appeals follows a previous seven-day delay. The board is set to consider a zoning variance for the $15 million project on May 1.
Area home-building activity up in first quarter
New-home permits in the Indianapolis metropolitan area rose 13 percent in the first three months of 2012 compared with the same quarter last year, bolstered by stronger activity in February and March.
Developer, contractors brawling over FBI construction project
The developer and contractors who built the FBI’s new $39 million Indianapolis field office, just north of Castleton Square Mall, are squabbling in court a year after wrapping up work on the project.
IU breaks ground on $25M lab building at IUPUI
The facility at IUPUI will include nearly 34,000 square feet of research and classroom space and is the first phase of a planned two-stage project to improve the university’s research facilities.
Builders betting on brighter U.S. housing market
Residential building permits are being filed nationally at about half the rate considered healthy by most economists, but builders have grown more confident over the past six months after seeing more people express interest in buying a home.
Deal rekindles $45M downtown project
Former partners in Kosene & Kosene Development have settled a legal dispute that jeopardized redevelopment of the vacant former Bank One Operations Center downtown. Milhaus Development has until May 1 to begin construction.
Ohio River bridge plan calls for tolls on 3 spans
The governors of Indiana and Kentucky on Monday agreed to use tolls to pay for two new Ohio River bridges and a revamped Interstate 65 bridge over the river, all in the Louisville metropolitan area.
State economy finally gaining traction
Leading indicators for Indiana’s economy are looking up: Banks are increasing lending, real estate developers are pulling the trigger on long-shelved projects, manufacturers are expanding, and consumers are even buying big-ticket items, including automobiles.
Technology helps Ivy Tech marry new, old construction
3-D scans match former hospital with building plans.
CityWay designed to integrate retail, housing, hotel, YMCA
Architects were told to push the envelope and integrate. Be mindful of where you are in the city and integrate well.
Tax credits spur city apartment construction
Increase in federal funding helps developers finance projects that include mixed-income rental housing.
Contractor uses ‘process mapping’ to overhaul business
ProClad Inc. founder Brad Hitzfield invested in a 30-year business veteran to help him remake his
specialty construction firm when profits couldn’t keep pace with revenue.
Bill requiring Indiana stage inspections advances
All outdoor stages in Indiana would have to pass inspections before any performances under a bill approved by a state Senate committee.
Metro home-building activity sinks again in 2011
New-home construction in the Indianapolis area slid in 2011, marking six straight year-over-year declines in residential building. The 3-percent decrease in building permits, however, was the smallest decrease since 2006.
Boone County officials ‘surprised’ by ASI closing
ASI Limited informed an estimated 250 employees by letter that the company was no longer profitable. The manufacturer’s high-profile projects include Lucas Oil Stadium and the JW Marriott hotel.
Blakley Corp. hires first outsider CEO
Indianapolis-based Blakley Corp., a specialty contractor and home-flooring retailer, has hired the first outsider CEO in the company's 114-year history.
Daniels, Beshear reach agreement on bridges
Construction on two new bridges costing $2.6 billion and spanning the Ohio River between Kentucky and Indiana could begin in late 2012, with the spans open before the end of the decade, Kentucky and Indiana officials said Thursday.
Indiana construction biz acquired by Swedish firm
Stockholm-based Skanska AB, the Nordic region’s biggest builder, has purchased Industrial Contractors Inc. for $135 million, boosting its U.S. presence with its first acquisition in the United States in a decade.
Metro home-building activity down in November
In the nine-county metropolitan area, the number of home-construction permits filed last month dropped to 225, a 13-percent decrease from the same month in 2010.