Panel handicaps market recovery chances
A panel of five veterans of real estate and construction provided industry insights at IBJ‘s Power Breakfast May
1 at the Westin Indianapolis.
Development/Redevelopment
Articles
Developer wants to turn project into apartments, offices
A local developer is hoping to convert an unfinished eight-story luxury condo project downtown into a mostly affordable apartment
building with its headquarters on the top floor.
Binford medical complex takes another punch
The anchor tenant in the Binford Medical-Professional Office Complex at the corner of 65th Street and Binford Boulevard has closed temporarily, citing a lack of other tenants in the high-profile medical building. The shut-down is the latest in a string of setbacks for what was to have been a five-building, $29 million development. The Binford […]
Recession slows the creation of a self-contained Boone County community
Creating a self-contained community on 1,700 acres of farmland could take much longer than the 15 to 20 years Duke Realty
Corp. predicted.
Flaherty selected to revitalize Barton, Lugar tower sites
Locally based Flaherty & Collins Properties plans to build retail and residential space on land that surrounds two downtown public housing towers.
Westfield mayor hopes $60M stadium project will transform city
Westfield Mayor Andy Cook is proposing a $60 million youth sports complex with a 4,000-seat multipurpose outdoor
stadium, indoor sports facilities and sports fields with the goal of establishing the Hamilton County community as the "Family Sports Capital
of America."
Grad students dream up plans for mass transit
Architecture and urban design students from Ball State have created a vision for urban renewal that is arguably more compelling
than the Central Indiana Regional
Transit Authority’s principal, utilitarian goal of reducing northeast-side highway congestion and air pollution by running
a diesel commuter train atop the old Nickel Plate Railroad corridor.
Westfield plans $60M youth-sports complex
The mayor of Westfield announced plans this morning to build a $60 million youth sports complex with a 4,000-seat multipurpose outdoor stadium, indoor sports facilities, and fields for baseball, soccer, softball and lacrosse. The sports facilities would anchor a 1,500-acre development by locally based Estridge Co. along Towne Road between 146th and 161st streets.
Noblesville offered generous incentives to Simon for mall
The old adage that retail follows rooftops is only partially true; retail also follows taxpayer-funded incentives.
Aging building gets spruced up
Another rundown building near the northwest corner of Washington and Pennsylvania streets is getting some attention after years of neglect.
White River trail will weave in stories
NINebark, a landscaping architectural firm, is making six large storyboards so that users of the planned White River Greenway
will learn about the area’s industrial history.
School makes move into historic Lockerbie building
The private Todd Academy plans to move into a historic building at the northwest corner of East and New York streets in Lockerbie
Square.
Jefferson Plaza renovation approaches end
The Jefferson Plaza renovation, which has been renamed Allen Plaza after its developer, will include restaurants, office space, condos, and is also working to achieve LEED environmental certification.
Police museum planned
The not-for-profit Indianapolis Historical and Educational Foundation is planning a police museum in the first floor of an old warehouse along Pennsylvania Street across from Conseco Fieldhouse.
Angie’s List chief builds company, rebuilds Holy Cross
For several years, Angie’s List CEO Bill Oesterle also has been quietly attempting to revitalize the near-east side.
Distribution holds promise for Central Indiana
A new report shows that, despite a sluggish national economy, the Indianapolis area should continue to attract industrial
businesses and distribution centers next year.
Fishers tables $100M development
An Ohio developer and the town of Fishers have agreed to cancel a 2007 development agreement that called for a $100-million
mixed-use project featuring 250,000 square feet of retail space and 150,000 square feet of office.
Old St. Francis Hospital may become mix of retail, senior apartments, offices
The city of Beech Grove is working on a redevelopment proposal for its St. Francis Hospital campus. Tentative plans call for
a mix of office space, apartments for seniors, and retail space.
Mayor says some of 38 TIF districts have problems, might need reorganization
Mayor Greg Ballard worries his predecessor, Bart Peterson, may have overreached with his ambitious tax-increment-financing
district for the last phase of Fall Creek Place. That phase of the renewed urban neighborhood isn’t producing enough revenue
to support its $6.2 million in outstanding bonds. And Ballard is not sure all of Marion County’s 37 other TIF district are
necessary, either.
Developer betting on cottage homes
Buyers in Seattle, Milwaukee and even Bloomington have snapped up new cottage homes in developments that
turn the McMansion trend on its dormer-decorated head. But will Indianapolis buyers have a similar appetite
for the tiny energy-efficient homes clustered around community greens? A local developer is betting they
will.