Capital Improvement Board set to buy Pan Am Tower for $10.5M
The CIB is buying the property as a strategic acquisition tied to the ongoing redevelopment of Pan Am Plaza.
Development/Redevelopment
Articles
Butler University to convert Ross Hall into upscale hotel instead of demolishing it
Plans now call for the residence hall to be redeveloped into a 105-room hotel that will operate under Hilton Worldwide Holdings Inc.’s upscale Curio Collection flag.
State approves $50M in bond financing support for new LEAP pipeline proposal
The Citizens Energy and Lebanon Utilities project would supply the Eli Lilly and Co. manufacturing complex expansion, additional park tenants and new development in the city.
Prema Racing preparing to open Fishers racing shop in November
Italy-based Prema Racing plans to join the IndyCar Series in 2025 as a two-car team with Chevrolet.
Tippecanoe County extends pipeline moratorium as IEDC eyes other options for LEAP district
Tippecanoe County Commissioners first enacted a stoppage to high-volume water withdrawals in November in response to an IEDC proposal to take 100 million gallons a day from Wabash River aquifers and carry it 35 miles away to the LEAP district.
Proposed downtown hotel, residential tower gets new look in latest design
Indianapolis-based TWG Development has overhauled its design for the skyscraping tower planned at 222 N. Alabama St., immediately north of Old City Hall and considered the bulk of the $264 million redevelopment project for the west side of that block.
Carmel City Council questions need for apartments in Proscenium III project
Initial plans for the project include 151 apartments, a 125-room hotel, 63,000 square feet of office space, 15,000 square feet of retail space, 508 parking spaces and a public plaza.
Andretti Global racing makes progress on new HQ building
Andretti Global’s new headquarters in Fishers is a steel skeleton in the middle of a dusty field, but the motorsports giant’s future home is starting to come into focus.
Soccer stadium funding plan relies on development pipeline
More than half of the expected developments within the district the city has designated as a professional sports development area, or PSDA, have yet to break ground.
Mayor’s budget plan proposes $50M infrastructure TIF for downtown projects
The bonds could be used to help fund a list of downtown projects, including improvements to Georgia Street and multiple downtown underpass projects.
Noblesville announces plans for $67M apartment development at former milling site
Plans for The Granary call for a four-story building and parking garage with 225 luxury apartments, 5,000 square feet of retail space and about 300 parking spaces for residents and the public.
East-side neighborhood could soon get TIF money
Reagan Park could soon benefit from an economic development tool that would capture the tax dollars from new developments to benefit existing residents and potentially help them stay in their homes.
IHG seeking to build Atwell Suites hotel in Saxony area of Fishers
United Kingdom-based IHG Hotels & Resorts is seeking to build a 113-room Atwell Suites hotel in Fishers, but hurdles remain as the project goes through the city’s review process.
Marsh Davis to retire as president of Indiana Landmarks after 19 years at helm
Davis has dedicated 37 years of his career to Indiana Landmarks, the nation’s largest statewide preservation organization, which has helped preserve scores of historic buildings across the state.
Historic commission signals support for $312M downtown hotel and entertainment venue project
Members of the Indianapolis Historic Preservation Commission on Wednesday mostly praised plans to redevelop the site of a century-old railroad servicing building across the street from downtown’s Gainbridge Fieldhouse.
Developer tearing down six-story building by Glendale to build retail, office project
Demolition already has begun on the 56-year-old office structure, which was purchased out of foreclosure for $1.59 million. The developer envisions restaurant, retail and medical office tenants that will vibe with continued redevelopment along the Keystone corridor.
Zionsville Town Council votes to reject South Village plan
Last week, Mayor John Stehr said he wanted to withdraw the South Village PUD ordinance from consideration because he did not believe there was enough consensus about the plan among council members.
Simon family expands footprint near fieldhouse
For decades, Herb Simon’s downtown investment focused on owning Pacers Sports & Entertainment and managing Gainbridge Fieldhouse. But in recent years, Simon and his family have expanded their investments and holdings in downtown’s Warehouse District.
Wild Air project in Zionsville will be developer’s largest yet
Construction is set to begin this summer on a 260-acre development in Zionsville that will bring nearly 700 new homes to a once-rural area of the Boone County town.
Mayor asks to withdraw plan to guide development in Zionsville’s South Village
Zionsville Mayor John Stehr told IBJ on Tuesday that he does not believe there is currently enough consensus about the development plan among council members.