Devington Plaza task force unveils ideas as residents, developer look for path forward
The neighborhood proposal comes as the group pushes New York-based Skysoar Capital Partners to reconsider its plan for the nearly abandoned site.
Development/Redevelopment
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Hendricks fine-tuning plans for $300M first phase of Circle Centre revamp
The developer behind the planned overhaul of Circle Centre Mall could start construction work on the $600 million project by the end of this year.
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Projected cost of Signia hotel rises by $70M, with CIB set to foot bill
All in, the cost of the redevelopment of Pan Am Plaza is expected to be about $780 million, with the convention center expansion cost covered through bonds backed by the city’s consolidated tax-increment financing district.
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‘Controversial’ housing development at former Westfield tree farm receives approval
The Westfield City Council voted 4-3 to approve an expansion of the Kimblewick residential community that will be built on 87 acres on the city’s southwest side.
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Simons’ downtown hotel, entertainment project gets green light for forgivable $25M city loan
Specific details for the loan, which could be forgiven if the Simon family’s development affiliate meets certain terms, are expected to be finalized in coming months.
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Articles
Carmel looks to revitalize aging U.S. 31 business corridor
Increasing vacancy rates fueled by both the pandemic and changing attitudes about what company executives and workers want in their office space have led Carmel leaders to look at how to give the corridor a second act.
Lebanon planning board to review designs for Lilly’s $4.5B foundry at LEAP District
IMAGE GALLERY: The 200-acre Lilly Medicine Foundry is expected to add 400 full-time jobs for highly skilled workers, including engineers, scientists, operations personnel and lab technicians.
Morgan County planners recommend approval for proposed data-center campus
The Morgan County Plan Commission on Monday decided to give a favorable recommendation for a rezoning request that would pave the way for a data center on a 391-acre site in the northern part of the county.
Westfield City Council approves Grand Universe development plan
Plans call for the proposed $1.2 billion development east of Grand Park Sports Campus to include a full-dome planetarium, hotel, retail, offices and multifamily housing.
Q&A with hotelier Jim Dora on downtown, police work and more
In a conversation with IBJ, the CEO of General Hotels Corp. explains how his work has shaped his perspective on downtown and offers his thoughts on the controversial city plan to build and operate a hotel.
Developer planning more restaurants near Fishers Event Center
Construction on the $30 million, two-building project in Fishers District is expected to begin this summer.
Conversion of downtown’s King Cole building into hotel set to resume
Historians have extended an expired certificate of appropriateness for the long-delayed redevelopment of the historic office building just south of Monument Circle.
City keeping redevelopment options open for remainder of Jail I site
Regardless of who ultimately develops the 1-acre eastern half of the city-owned Jail I site at 40 S. Alabama St., city officials view it as “incredibly important” that the project support further development on the east side of downtown.
Lennar Homes receives OK for Carmel development after big changes
Members of the Carmel City Council voted 9-0 to approve the 16-acre Towne 146 Planned Unit Development plan.
Henke planning 1,110-acre residential development in Noblesville
Gatewood Lakes would be developed north of Noblesville’s Innovation Mile business and technology hub and east of Ruoff Music Center.
Westfield sees potential for business with South Korean companies, starting with hotel
Westfield officials hope a proposed $50 million hotel by South Korean-based Lotte Hotels & Resorts could provide an opening for more business with the country. City officials are planning an economic development trip to Asia in March to explore the possibilities.
Developer considering apartments at Irvington Plaza, but community leaders want ‘clarity’ on plans
California-based Tallen Capital Partners LLC, which has the property in the 6200 block of East Washington Street under contract for an undisclosed price, hopes to rezone nearly 7 acres for mixed-use development.
IBJ Podcast: The latest on downtown soccer stadium, $78M Fever facility and Simon hotel/concert venue
The Indiana Fever Sports Performance Center has joined the roster of projects announced for the southeast quadrant of the Mile Square, which includes the prospective site of a Major League Soccer stadium.
Lennar seeks to build active-adult subdivision with 360 houses in rural Whitestown
Plans call for Cardinal Estates to be built on 170 acres south of the Golf Club of Indiana.
Developer’s plan for 430-plus homes in rural Zionsville faces opposition
The Reserve at Union Woodlands would cost about $250 million to develop and take up to seven years to build.
Downtown hotel to debut in historic building after 6-year overhaul
IBJ first reported on plans for the project in August 2018, when Columbus, Indiana-based firm Everwood Hospitality Partners said it would spend $15 million to transform the vacant 133-year-old property.
Fever to get new $78M practice, training complex at former downtown jail property
Pacers Sports & Entertainment plans to build a dedicated training complex for the Fever with two regulation-size basketball courts, a full-service kitchen, a private outdoor courtyard and a spa-style retreat space.
Purdue unveils first plans for $187M Academic Success Building in Indianapolis
Purdue University’s new multi-use building planned for the northwest corner of Michigan and West streets in Indianapolis is expected to rise 15 stories and open in 2027.
King Jugg Brewing set to redevelop former Noblesville dry cleaning property
The local brewing company plans to spend at least $4 million to renovate the existing structure, committing to an adaptive reuse of the property as part of an agreement with the city.