Ahead of construction-related closure, City Market waives two months of rent for vendors
The Hogsett administration has not yet released an ending date for the closure and has not committed to additional mitigation measures for the vendors.
Development/Redevelopment
Articles
Lilly Endowment awards $146M in grants to 6 Indiana schools for development projects
The grants range from $5.8 million to $35 million each, with Ball State University in Muncie landing the largest grant.
Oldest Catholic church in Indy plans $2.7M parish center downtown
Officials with St. John the Evangelist want to build the 2,800-square-foot facility as part of a larger $5.5 million renovation that started in 2021. They hope to finish in time for the huge National Eucharistic Congress planned for Indianapolis in July.
New Whitestown leaders prepare for next phase of town growth
With less than a month to go before they take office Jan. 1, the five members of Whitestown’s next town council—three new councilors and two who will start their first full terms—are preparing to get to work in Indiana’s fastest-growing community.
City-County Council approves downtown sports taxing district, purchase of Broad Ripple Family Center
The council also approved tens of millions of dollars in bonds to support the redevelopment of Old City Hall, a demolition of the former Jail I building and renovation of portions of the City-County Building. Also passed Monday was a plan to create a study commission on the use of artificial intelligence.
Paramount Theatre rallies once more in downtown Anderson
Following an era of diminished star power , notable names are showing up on the theater’s marquee: Buddy Guy, Melissa Etheridge and Kenny Wayne Shepherd among them.
Department of Metropolitan Development director Carr takes job with Parks Alliance
Rusty Carr was hired to the DMD post after two separate stints as interim director. His final day with the city will be Dec. 29 and he will begin at The Parks Alliance on Jan. 2.
Developers planning $450M in apartments, townhouses, condos, retail in Carmel over two projects
The two Indianapolis-based developers have requested the city issue a total of $76 million in developer-backed bonds to help cover the cost of design and construction of the projects.
All-in cost of Pan Am Plaza hotel, convention center expansion might surpass $1.6B
The city on Wednesday and Thursday sold $581 million in bonds for the development through the Indianapolis Local Public Improvement Bond Bank, consisting of $436.8 million in tax-exempt revenue bonds for the hotel portion of the project, and another $155 million for the convention center expansion.
Plan for Whitestown junkyard site redevelopment causes concern for residents, councilors
Indianapolis-based Milhaus plans to build a 125-room hotel, a 228-unit apartment development and 75-for-rent townhouses in the initial phase of the redevelopment.
Another employer exploring Indiana for major project
St. Joseph County economic development leaders say another big company is eyeing the New Carlisle area with an investment similar in size and scale to the $3 billion General Motors and Samsung SDI electric vehicle battery plant announced earlier this year.
Developers eyeing renters, not buyers, for new communities
Build-to-rent houses are typically built as a master-planned community with 100 to 200 houses, average monthly rents of around $2,000, and amenities.
Irvington Plaza redevelopment project moves forward after planning delay
The approval of a new plat map for the nearly 16-acre property in the 6200 block of East Washington Street comes as California-based developer Tallen Capital Partners LLC begins the process of developing a new master plan for the site.
Drake apartments property receives five proposals for reuse
The Department of Metropolitan Development in August issued a request for proposals for updating the long-vacant, city-owned building at 3600 N. Meridian St.
MDC approves proposed taxing district for Indy Eleven stadium
The Metropolitan Development Commission’s approval, which came by a 8-0 vote, sends the proposal to the City-County Council, where it will be introduced Nov. 13.
City board to consider new taxing district for Eleven Park stadium
The taxing district, known as a professional sports development area, or PSDA, would allow for the collection of various taxes to cover a portion of the cost for the 20,000-seat stadium.
Alamo Drafthouse cinema chain to open first Indiana multiplex near Lafayette Square Mall
Renovations to the former Georgetown 14 Cinema are expected to cost $15 million as part of an operating agreement the dine-in theater chain has reached with building owner Fabio de la Cruz.
Old City Hall development is ‘huge opportunity,’ although designs remain in their infancy
Early plans for the $150 million project, known for now as the “Alabama Redevelopment,” call for a 387-foot glass tower containing 190 apartments, 24 condominiums, 150 hotel rooms and 8,000 square feet of retail and hospitality space.
Construction begins in Noblesville on $39M luxury apartment building for seniors
The project is HighGround’s third age-restricted luxury apartment development in Hamilton County following GrandView, which is under construction in Westfield, and CityView, which is planned in Fishers.
Rapid change on near-north side continues with $45M housing development
The Stella, when completed, will provide 166 new, mixed-income housing units and retail space in the 1800 block of North Meridian Street. A groundbreaking for the project took place Wednesday.