The project is set to occupy the 20-acre Diamond Chain manufacturing site along Kentucky Avenue, just blocks from Lucas Oil Stadium, with some portions—including the stadium—set to be completed by summer 2025.
Indianapolis-based Kendall Property Group plans to spend up to $6 million on a new building at Creekside Corporate Park.
The India-based tech giant broke ground 4-1/2 years ago on what it said would eventually be a $245 million, 141-acre campus. Today, Infosys appears far from achieving that vision—and it’s unclear when, or if, it ever will.
Representatives for Indianapolis Mayor Joe Hogsett said a feasibility study is expected to be completed before a full City-County Council vote set for June 5.
Control of the Pan Am Plaza site would allow the city to move forward with its plans to redevelop the property with the 40-story Signia by Hilton hotel.
Plans call for Promenade Trails to include 151 apartments and 59 for-rent cottages for people ages 55 and older. The first cottage residents are expected to begin moving in later this year.
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.
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.
Developer Ambrose Property Group began construction on the $60 million facility, known as Mount Comfort Logistics Center Building V, in March 2022.
Architectural representatives at Tuesday’s meeting about the planned Henry Street bridge also presented the preferred design for the project, dubbed “Circle City Gateway.”
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.
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.
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.
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.
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.
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.
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.
Indianapolis-based Landmark Properties Inc. has agreed to terms on a $2 million redevelopment tax credit to support the project across from Bottleworks.
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.
The Fishers City Council on Monday night approved an economic development plan for the project, which would include apartments, condominiums and townhouses.
