M&I Plaza revamping entry, lands King David and Main Street Deli as tenants
The main entrance is getting a $1 million makeover as the 28-story building prepares to welcome two new restaurant tenants.
Development/Redevelopment
Articles
Housing agency breaking ground on $30M Lugar Tower project
The project includes renovations to the 15-story apartment building in downtown Indianapolis, as well as the construction of two mixed-income buildings containing a total of 74 units at its base.
Owner of several properties south of Mass Ave starts to divest
The pending sale of two historic buildings and a vacant lot just south of Massachusetts Avenue is the first of what could be several deals in the area as one of its largest property owners begins to divest its holdings.
Local contractor wins Keystone Towers demolition bid
Denney Excavating of Indianapolis has been granted the contract to demolish the vacant Keystone Towers apartment complex with a bid $827,000.
Commission: Turn dying GM plant into vibrant neighborhood
A 10-member commission told city leaders to turn the defunct 115-acre General Motors metal stamping plant site into a hip, funky neighborhood with an eye-catching bridge across the White River for easy access to downtown.
16 Park project helping to transform Indianapolis neighborhood
The first building of a new complex on near-north side is set to be completed in August
Chambers quietly built Buckingham into real estate colossus
The North of South mixed-use project in downtown Indianapolis is just the latest development for Brad Chambers, who started out in the landscaping business.
Tentative settlement reached in lawsuit over historic church
A provisional settlement in a federal lawsuit filed last September against the city by St. John United Church of Christ gives parties in the case six months to find a buyer for the nearly 100-year-old church.
$100M ‘Bridges’ project in Carmel wins approval
A proposal for a roughly $100 million mix of retail, office and apartments along Springmill Road south of 116th Street was OK’d Monday night by the Carmel City Council after numerous concessions.
Developer puts Cosmopolitan complex on block
The Cosmopolitan on the Canal, a 218-unit upscale apartment complex in downtown Indianapolis that cost more than $33 million to build, has been put on the market by Flaherty & Collins Properties.
City leaders look to 16th Street as future tech hub
Officials on Thursday shared details of a long-term plan to redevelop an industrial stretch northwest of downtown with the goal of attracting hundreds of residents and dozens of high-tech companies to the area.
Circle Idea Competition finalists selected
Posters highlighting the top 12 proposals will be on display in Monument Circle storefronts until June 26 so members of the public can vote for their favorite. The ideas could be used by planners plotting the future of the downtown space.
City picks team for $15M Broad Ripple parking garage
The structure planned for the southwest corner of Broad Ripple and College avenues also would include first-floor retail space and a police substation. Construction is set to begin this summer and be complete by mid-2012.
Effort to save minority car dealer lands Bill Mays in ditch
PNC Bank last month sued Mays, one of the city’s most prominent black businessmen, charging he defaulted on a $3.5 million loan he received in 2008 that has an unpaid balance of $2 million.
Real estate deals picking up around Fashion Mall
Owners of the Sheraton Indianapolis are converting one of its towers into luxury apartments, and developers are vying to replace the vacant Woodfield Centre.
Kosenes take on ex-partner in court
Principals in Kosene & Kosene Development have sued a former partner, claiming he’s trying to cut them out of a city-supported deal to redevelop the former Bank One Operations Center downtown.
Central State redevelopment plan gets new life
A dormant plan to redevelop the 150-acre former Central State Hospital campus is starting to get momentum. Developers anticipate spending $100 million to $150 million to revamp the site. With online photo gallery
City Market set to oust 19-year tenant Enzo Pizza
Directors of the historic building have notified the pizza restaurant that it needs to have its equipment removed by the end of the day on Friday after the two sides could not agree on a new lease.
Children’s Museum holds key to Winona redevelopment
The Children’s Museum of Indianapolis is playing the role of lead developer for the abandoned Winona Hospital site.
New TIF districts could spur urban development
Indianapolis leaders have targeted four core urban areas for renewal, taking steps to create new tax-increment-financing districts to seed economic development there.