As envisioned by Stephen Alexander, the partially redeveloped area west of the White River would be known as Stockyards District. Indianapolis-based Hotel Tango Distillery is in the process of relocating and consolidating its production, warehousing, and fulfillment operations to the area.
Plans call for newly constructed 50,000-square-foot facility to house a dispatch center, emergency management center and a child care facility for Hamilton County employees.
A City-County Council committee passed a group of proposals Monday night to set the stage for the upcoming $180 million City Market East project.
The effort is meant to create more incentive for developers to rehab vacant, deteriorating institutional structures in communities throughout the state.
City officials plan to pour at least $10 million into structural and aesthetic improvements to five CSX railroad overpasses and the sidewalks and roads that run beneath them on the south side of downtown.
The building’s 58,800 square feet of office and retail space is now mostly vacant, following exits in recent years by Scotty’s Brewhouse, HomeAdvisor and third-party logistics company Backhaul Direct.
Renovations to the building are already underway, with HMD expected to move into the facility sometime in the summer.
New York City-based SomeraRoad Inc. has submitted plans to city officials for Stutz South, a five-story complex with 270 apartments that would occupy most of the block between West Ninth and 10th streets and Capitol Avenue and Roanoke Street.
Municipal or not-for-profit buildings could be constructed on the site, which has been unused for more than a decade while environmental testing and remediation took place.
The Indianapolis Airport Authority said it hopes to receive tentative approval to decommission the facility at 51 S. New Jersey St. by the end of February. It is working with the Federal Aviation Administration to secure the designation, which is crucial for future redevelopment of the site.
The redevelopment of the former Broad Ripple Kroger and the Fountain Square White Castle could be the first residential projects to receive tax-increment financing from the city without including affordable housing units.
Officials with New York City-based SomeraRoad Inc. told IBJ the company is in the pre-development phase of at least two projects on land adjacent to the multi-building Stutz complex at 1060 Capitol Ave., which is in the midst of a $100 million renovation.
The additional financial support will come from the Capital Improvement Board’s fund balance, which was bolstered in October with $50 million in revenue replacement funds through the federal American Rescue Plan Act.
The Fishers-based hotel developer and manager and Indianapolis-based American Structurepoint filed plans to build a five-story, 126-room hotel on 1.13 acres at 12164 N. Meridian Street.
The approval allocates $25 million from the city’s downtown tax-increment financing district to pay for the acquisition of the basement level of the project from developer Kite Realty Group Trust, which plans to build an 800-room hotel and an addition to the Indiana Convention Center.
The $550 million project includes a $125 million expansion of the Indiana Convention Center, as well as an 800-room hotel being developed by local developer Kite Realty Group Trust. A second 600-room hotel is planned for a later phase of the project.
The Indianapolis-based apartment developer plans to vacate its current headquarters in the Fletcher Place neighborhood for a newly designed space that can house twice as many employees.
The Cole Motor Redevelopment, which includes the former Jail II building and Arrestee Processing Center, is one step closer to receiving tax-increment financing.
The shopping center at 3919 Lafayette Road, now known as Window to the World, was expected to reopen on Nov. 21, ahead of Thanksgiving weekend shopping.
The Retreat at Morse development is expected to include attached single-family villas that would be built by Beazer Homes and cost an average of $400,000.
