Construction spending falls again
Construction spending fell for a third straight month in January as a slight rebound in housing was not enough to offset widespread
weakness in a number of commercial areas.
Development/Redevelopment
Articles
Restoration work begins for Old Northside landmark
Historic Landmarks Foundation of Indiana has taken over the Romanesque Revival former church known as Old Centrum along Central
Avenue at 12th Street.
Disagreement about parking delays project on Meridian Street
A local developer’s plans to renovate a long-vacant and graffiti-covered 1915 building have hit a snag.
Redevelopment planned for site of former juvenile facility
King Park Area Development Corp. is preparing to approach developers interested in submitting plans for the 1.8-acre site, the equivalent of about eight residential lots.
Brookfield deal doesn’t put Simon out of General Growth game
The bid by Simon Property was an “initial salvo” and the Brookfield plan likely will prompt a new offer from the Indianapolis-based
mall owner, real estate research analyst says.
Airport picks team to study re-use of land at old terminal site
The Indianapolis Airport Authority's plan for the next "30 to 50 years" starts with a team tapped Friday morning.
Five firms will study ways to use airport property, including the former passenger terminal.
Apartment developer plans 217 units in Lawrence
J.C. Hart Co. is designing plans for a $17 million upscale apartment community as part of the master-planned Lawrence Village
at the Fort.
Blackstone may join Simon’s bid for General Growth
Blackstone Group LP, the world’s largest private-equity firm, may join Simon Property Group Inc.’s bid to buy bankrupt
General Growth Properties Inc., according to two people with knowledge of the discussions.
Airport ready to embark on redevelopment plan
Indianapolis Airport Authority CEO John Clark revealed Tuesday evening that he is ready to proceed with a plan that could
transform the former terminal site into a hub for urban development.
Indy turns architectural corner
A Ball State architect thinks Indianapolis residents will like what they see in the new J.W. Marriott hotel downtown and beat
drums for more interesting buildings.
City lists former Winona Hospital for sale
Indianapolis’ Metropolitan Development Commission sets $667,500 minimum price for the long-vacant property at Meridian and
32nd Streets.
Super Bowl legacy project taking shape on east side
A revitalization project that helped Indianapolis land the 2012 Super Bowl is beginning to take
shape. Organizers hope to build and rehab about 300 housing units, including the Jefferson Apartments "homeownership
incubator."
Clarian eyes vacant Levitz space for office, warehouse use
Clarian Health Partners is considering converting a long-vacant, 180,000-square-foot Levitz furniture store on East Washington
Street into a center for home-health and pharmacy services.
Apartment developer investing $100M in Hamilton projects
Carmel-based developer J.C. Hart Co. is making a $100 million bet that luxury apartment communities will continue to thrive
in Hamilton
County, particularly along 146th Street.
Shiel Sexton plans $50M project near Methodist Hospital
The local construction company is drawing up plans for a mixed-use project with offices, a parking garage and retail space
on several parcels it owns near Capitol Avenue and 16th Street.
Buckingham tapped to develop mixed-use project near IUPUI
Former YMCA branch at 860 W. 10th St. would be razed to make way for retail and housing.
Trustee chooses $20.5 million Buckingham plan for old YMCA
The Center Township Advisory Board has picked Buckingham Cos. to redevelop a 2-acre property it owns
at 860 W. 10th St. near the IUPUI campus.
Bank buys part of property targeted for Fishers water park
A high-profile piece of land in Fishers that is part of a proposed hotel and water park project has been bought by the bank
that foreclosed upon it.
Binford group plots next steps in retail revival
The commercial area at 71st Street and Binford Boulevard is recovering from its funk, but a true transformation hinges on
implementing a master plan.
City mulls 6 proposals for use of Old City Hall
Visions for the empty historic building
range from offices to a museum. Two developers propose a boutique hotel on an adjacent parking
lot. Video bonus: Tour the landmark’s interior.