MOUNAYAR: Indianapolis should rediscover public spaces
Too few of the city's revitalization projects are connected by attractive sidewalks, streets, gardens and plazas.
Development/Redevelopment
Articles
Mass Ave project on verge of approval
The addition of an underground parking garage is likely to get Trail Side off the drawing board and under construction.
Work begins on Penn Arts apartment, retail project
Renovation work finally has begun on the building at 16th and Pennsylvania streets. Developer Christopher Piazza found two
equity partners for the project because banks were unwilling to lend.
Franklin residents still struggle with solution for flooded land
Crews will begin in late April demolishing the first of 74 homes south of downtown Franklin damaged by massive flooding in
June 2008. Officials still haven’t decided how to reuse the land, and residents are torn.
Local firm’s Carolina development slides into bankruptcy
Owner of Flaherty & Collins’ apartment complex in Raleigh seeks to reorganize debts related to a $24.8 million loan. It’s
the second Flaherty & Collins project in North Carolina to fall into bankruptcy in six months.
Many retail locations plagued by vacancies
Vacancy rates unseen in 20 years are hampering efforts by developers.
Carmel City Center gaining momentum
Thirteen years after Mayor Jim Brainard first described his vision for a new downtown along Range Line Road, Carmel City Center
is starting to look like a city.
Lugar Tower project delayed by lack of tax credits
Renovation of apartment building owned by the Indianapolis Housing Agency will have to wait, after it failed to receive the
necessary federal backing to fund it. Three other IHA projects, including Caravelle Commons, will move forward, however.
Former Thomson plant back in bankruptcy
A Bloomington investor bought the sprawling complex out of receivership in 2008, and had hoped
to spend more than $20 million to renovate it.
Fishers Town Council set to review auto mall plans
Butler Automotive Group is proposing a $19 million development along Indiana 37 that could include five auto dealerships and
create about 230 jobs.
Insurer lending $7M for east-side Super Bowl project
The aim is to spur redevelopment on the city’s blighted near-east side before the 2012 Super Bowl is played in Indianapolis.
Deadline passes with no bids to buy Winona
The city of Indianapolis, which had listed the property for $667,500, had hoped to sell it the former hospital for redevelopment.
No buyers surfacing for former Winona Hospital
As of Monday morning, the Marion County Metropolitan Development Commission had received no bids to buy the property. MDC
is set to begin reviewing bids at its Wednesday meeting.
Flood leaves redevelopment opportunity for Franklin
The city of Franklin is using the post-flood era to push for comprehensive redevelopment in and around downtown.
The cornerstone of the plan is a flood plain southwest of the courthouse.
Recycler J. Solotken & Co. recycles old building
Century-old firm moves from facility it had occupied since 1936 to former home of Frank E. Irish Co.
Indianapolis Housing Agency pulls off big tax credit deal
City agency plans renovations, expansions at eight apartment properties.
Huge tax-credit deal will fund rehab of 538 apartment units
The largest tax credit deal in state history will fund the rehabilitation of 538 apartments in four complexes owned
by the Indianapolis Housing Agency.
Motorsports park proposed for southwest side of Indy
Plans call for a Motocross track, one-fifth-mile dirt track and ATV trails on
36 acres near Interstate 465 and Mann Road.
Mass Ave project works toward April approval
Trail Side on Mass Ave would include 69 one-bedroom apartments and about 23,000 square feet of ground-level retail space.
Stutz Business Center owner purchases Canterbury Hotel
Turner Woodard has purchased the historic Canterbury Hotel on South Illinois Street. He said the hotel fits his vision of
turning around properties and making them profitable.