Morgan County moving ahead with $72M court campus
Morgan County officials say the existing courthouse, built in 1857, lacks sufficient space for court employees, including prosecutor and probation offices, which are located off-site.
Development/Redevelopment
Articles
Groundbreaking set for Broad Ripple mixed-use project
Known as Versa, the project will include more than 230 apartments, a 245-space parking garage, and 3,600 square feet of ground-floor retail space.
Local logistics firm Draco moves some operations to Mount Comfort building
Developer Ambrose Property Group began construction on the $60 million facility, known as Mount Comfort Logistics Center Building V, in March 2022.
Officials hear more calls for deeper look into possible Black graves at bridge project
Architectural representatives at Tuesday’s meeting about the planned Henry Street bridge also presented the preferred design for the project, dubbed “Circle City Gateway.”
TIF district could spur more development near emerging hospital campus
The city is trying to capitalize on construction of Indiana University’s $4.3 billion Methodist Hospital complex and other projects underway or in development on the north side of downtown.
4 years into incentives plan for developers, community-building programs emerging
Indianapolis developers receiving tax abatements have committed to providing nearly $5 million to help struggling middle- and low-income families gain access to economic opportunities and become more upwardly mobile.
City to take over financing of $510M hotel at Pan Am Plaza
Hogsett administration officials said the move was necessary to save the project after Kite Realty Group told the city it couldn’t secure suitable financing for a planned 814-room Signia by Hilton hotel.
Townhouse complex planned near Lucas Oil Stadium amid Old Southside recovery
Meridian Enclave would consist of 16 townhouses spread across four buildings all in the same block, southeast of the intersection of Sycamore and Charles streets. In addition, the developer plans to rehabilitate two adjacent homes.
City takes next steps to redevelop troubled Towne & Terrace property
The first in a series of demolitions began at the 20-acre site near East 42nd Street and Post Road on Friday. Over the next year and a half, the city plans to acquire more than 150 parcels and relocate residents.
JC Hart plans 313-unit apartment project in busy north-side area
Called Allison Pointe, the project is designated for a 10.5-acre undeveloped parcel in a small commercial park along Allison Lake, a manmade body of water between 82nd Street and I-465.
Cities reviving downtowns by converting offices to housing
A growing number of developers are considering converting empty office towers into housing as part of an effort to find uses for properties that emptied out during the pandemic.
Developer behind $22.6M renovation of Mass Ave trustee building secures incentive from IEDC
Indianapolis-based Landmark Properties Inc. has agreed to terms on a $2 million redevelopment tax credit to support the project across from Bottleworks.
Official: IEDC courting $55B in potential deals for Boone County project
A top official for the Indiana Economic Development Corp. said numerous companies are considering major investments in the planned advanced manufacturing and tech hub in Boone County known as the LEAP District.
Developer planning $75M residential project along Nickel Plate Trail in Fishers
The Fishers City Council on Monday night approved an economic development plan for the project, which would include apartments, condominiums and townhouses.
Developer proposes 260-acre residential development in Zionsville
The Wild Air development would include would include eight different “block” areas with hundreds of single-family homes, townhouses and apartments, as well as some retail space.
Columbia Club eyeing rooftop upgrades with deck, dining space estimated at $10M
The rooftop plans call for an outdoor deck with seating for more than 50 people, as well as an indoor space with a small kitchen, a bar and table seating for another 50 people.
Council committee OKs financing for affordable, workforce housing projects
Two projects—one in the International Marketplace and another on the north side of Indianapolis—have been approved for financing by the City-County Council’s Metropolitan and Economic Development Committee.
Could downtown heliport play a role in attracting aviation innovation?
Is the Indianapolis Downtown Heliport an impediment to development in the Market East Cultural District, or is it a key asset in the future of the city’s aviation landscape, maybe even a future hub for air taxis?
Whitestown planning $20M aquatic facility at former junkyard site
Town officials plan to break ground on the $20 million aquatic facility in late 2023. The facility is expected to open in 2025.
Developer planning townhouses, duplexes along 146th Street in Carmel
Farmington Hills, Michigan-based Schafer Development LLC is seeking city approval to rezone the land. Pulte Homes of Indiana LLC would be the builder for the 14-acre development.