Page Development CFO files for personal bankruptcy
Paul M. Pittman, one of four principals in a troubled Indianapolis-based condo developer, filed personal bankruptcy this week.
Development/Redevelopment
Articles
Parking already at a premium at Rivers Edge shopping center
The 617 parking spaces at the newly renovated Rivers Edge shopping center meet the minimum commercial-zoning allotment—but just barely.
Indiana Soccer Association moving to Westfield
The Indianapolis-based soccer association’s decision to move to Westfield’s Grand Park Sports Campus follows a similar announcement earlier this year by the Lids Indiana Bulls, a youth baseball organization.
Investor Buffett gets behind east-side revitalization project
Warren Buffett joined other investors and Indianapolis community leaders Wednesday morning for a ribbon-cutting ceremony at the $27 million East Village at Avondale apartment project.
Developer zeroes in on troubled Irvington site
A developer that wants to replace a vacant Irvington motel with an $8.7 million apartment building could get permission as early as next week to clear the site for redevelopment.
Lafayette Square coalition names executive director
Mary Chalmers, a neighborhood liaison for the city, will leave that post to lead the effort to improve the area near 38th Street and Lafayette Road.
Big ambitions for small planning firm
Eden Collaborative, the three-man company Adam Thies founded in 2004, is working to revitalize St. Clair Place on Indianapolis’ east side, among other projects.
Big projects sought for chemical depot site
The group overseeing redevelopment of a former Army chemical weapons depot in western Indiana is targeting major projects for the 11-square-mile property.
LEADING QUESTIONS: Design guru abides in rocky economy
Why does the owner of A2SO4 Architecture believe a 20 percent drop in billings is a victory? Just how cutthroat has the design field become? What's the significance of moving the firm into a church? Sanford Garner has answers.
City receives 9 bids for Winona demolition
Indianapolis-based Denney Excavating, which oversaw the implosion of Keystone Towers last month, has submitted the low bid to raze the former Winona Hospital. The city is set to award a contract on Thursday.
Multi-family housing project slated for Monon Trail
King Park Area Development Corp. is partnering with an Indianapolis developer on an $8.7 million residential project to improve a blighted parcel along the trail.
Owner finding new tenants for former Macy’s
High-end custom homebuilder Moussa Khoury and a partner bought the former Macy’s store at Washington Square Mall in 2009 for about $775,000. They paid cash since commercial lending had vanished. Two years later, the investment has begun paying off.
Area home-construction permits rise in August
Home-construction permits in the Indianapolis metropolitan area climbed 23 percent in August thanks to a surge of activity in suburban counties.
EDITORIAL: City should plan for what comes after demolition
The city of Indianapolis is launching a $20 million war on abandoned houses without a plan for dealing with the properties after the wrecking-ball dust has settled.
Critics: Wrecking ball won’t fix Indianapolis neighborhoods
Many neighborhood leaders have hailed Mayor Greg Ballard’s initiative to raze some 2,000 abandoned homes by the end of 2012 as a long-overdue means of tackling urban blight. But some residents and experts fear rampant demolition—without a clear plan for how to redevelop the properties—will fail to improve neighborhoods.
Indianapolis Cultural Trail takes ‘pause’ for Conrad hotel
Planning around the Conrad’s valet parking operation posed the most challenging dilemma faced by organizers of the 8-mile Cultural Trail.
Johnson County still dealing with 2008 flood
Johnson County officials have been working to buy about 40 flooded properties in an area a few miles west of Greenwood, so they can be demolished.
HICKS: Lessons to glean from Keystone Towers demolition
The demolition of a vacant apartment building is common fare in American cities. It is part of the urban renewal that is much needed in many U.S. cities.
Receiver appointed in $16.8M foreclosure suit
Lender Merrill Lynch Mortgage Trust is foreclosing on several Indianapolis commercial properties, including two retail centers, owned by Greenwood developer Presnell Cos.
Developer rolls out $40M plan for Keystone site
A local developer has acquired the northwest corner of 86th Street and Keystone Avenue and is working on plans for a $40 million apartment and retail project.