Lugar, Meadows projects get tax credits
Two high-profile apartment projects that were denied tax-credit funding in March recently were awarded the millions of dollars in credits they need to proceed.
Development/Redevelopment
Articles
Purdue board OKs building 3rd luxury dorm tower
The board on Friday approved a $20.6 million construction contact for the First Street Towers project.
City receives $4.9 million for homeless initiatives
Federal funds will help provide 69 additional beds in three Indianapolis locations, including a large apartment
complex on the east side.
Baseball complex could bring area near coke plant back to life
A plan to build a 28-acre sports complex on the southeast side is sparking hopes that a polluted parcel across the street
that formerly housed a Citizens coke plant can be revived as a retail and industrial center.
CSO Architects plans new headquarters in former Bally’s gym
The 24,000-square-foot former fitness facility at 8831 Keystone Crossing is vacant and falling into disrepair.
Westfield’s proposed Symphony development under review
The Westfield planning commission has asked city employees to further review the 1,400-acre mixed-use project that could include
thousands of homes, shops, a YMCA and a baseball stadium.
Fort Ben home, condos fail to sell at auction
Auction turns up no buyers for the former home of the commanding general at Fort Benjamin Harrison and four condominiums at
the old Army base.
Buckingham thinks big with plans for downtown development
Will the latest ambitious downtown development proposal finally master the formula for transforming a downtown surface parking
lot?
Westfield residents to hear plans for $1B development
The Estridge Cos., a Carmel-based home builder, will present details of the massive project—mixing condos, apartments
and retail with a $15 million stadium—at a public hearing
Monday evening.
Washington Square area getting first new retail strip in three years
Thompson Thrift, based in Terre Haute and Carmel, has started construction on Washington Square Commons, a 9,000-square-foot
retail strip at 10110 E. Washington St., at a major entrance to Washington Square Mall.
Developer facing legal action everywhere it has built condos
Three of the four principals in Page Development were in court June 8 to sift through the fallout from a $1.35 million judgment
against them. It’s only the tip of Page Development’s financial straits.
World Skating Academy gets reprieve, remains on thin ice
A fixture in downtown Indianapolis since 1987, the Academy hasn’t yet been evicted from its Pan American Plaza ice rinks,
but it operates under a cloud of uncertainty.
Proposed development near Lilly campus could include hotel
Indianapolis developer Buckingham Cos. is in discussions to build a mixed-use development that could include apartments, shops,
office space, and a hotel and conference center.
Indiana contractors scramble for certification to remove lead
New U.S. Environmental Protection Agency rules force precautions on paint chips, dust.
Group plans reuse of historic former elementary school
A former elementary school built in 1905 is getting a new use for the second time since the last schoolchildren departed
in 1979.
Construction supplies firm plans mixed-use HQ downtown
Affordable Building Supplies LLC, which was displaced by the construction of Lucas Oil Stadium, hopes to move its headquarters
closer to downtown in a new mixed-use building on South Meridian Street.
Road upgrade kicks off improvements in Lafayette Square area
A $20 million improvement of West 38th Street between Guion and High School roads that is set to begin next month is the first in a series of initiatives that stakeholders hope will revive the real estate fortunes of the area anchored by Lafayette Square Mall.
Retail project in search of tenants after Ace deal falls apart
A not-for-profit group that's hoping to build a retail project at the northeast corner of 22nd and Delaware streets
is looking for tenants after a deal for an Ace Hardware fell apart.
New home construction rises, but permits sink
A drop in building permits, a gauge of future activity, along with the expiration of a government tax credit for home purchases
suggest the construction gains could fade soon.
Lender lawsuits seek millions from Broadbent owner
Two new lawsuits stemming from Broadbent Co.’s financial problems charge company President George Broadbent defaulted
on loans and owes more than $2.6 million.