Developers propose $35M luxury condo project in downtown Fishers
The Rev would include 36 condominiums ranging from $600,000 to $1 million, 23,000-square-feet of commercial and office space, and a parking garage.
Development/Redevelopment
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Seven apartment buildings planned for Riverplace project at 96th and Allisonville
Plans call for the apartments to be constructed at the northwest corner of 96th Street and Allisonville Road as part of a larger, $96 million development.
Developer plans single-family homes, townhouses near downtown Westfield
Plans call for the Springwater development to have 90 residences that will include 32 townhouses, 25 traditional single-family homes and 33 large single-family homes.
$120M project from Elevator Hill developer picked for Jail II property
The firm leading ambitious redevelopment plans for the former Angie’s List campus on the east side of downtown—now known as Elevator Hill—is the city’s pick to take on the former Jail II and Arrestee Processing Center right next door.
Kite expects to secure financing for Pan Am Plaza project by end of year
Kite Realty Group Trust and Capital Improvement Board of Marion County officials said they’re on track to meet a deadline to finish all pre-construction and financing work by the end of 2022. They also released new images for the proposed development.
Developer Bob Borns, who renovated Union Station in 1980s, dies at 86
Borns, a consummate salesman and outspoken advocate for Indianapolis, built his first project in the 1960s and by the 1980s was developing high-profile downtown projects.
Fishers prepares for City Hall demolition, new complex
Municipal employees will leave City Hall on Friday for the final time. The 31-year-old building will be demolished this fall so construction can begin on the $22.8 million Fishers Arts & Municipal Complex.
1933 Lounge planned for new Carmel Arts & Design District development
The project would include a 43,000-square-foot, three-story mixed-use building at the intersection of South Rangeline Road and 1st Avenue Southeast.
Developers plan $29M second phase of Proscenium in Carmel
The new phase would include 48 rental units and seven penthouse condominiums, 16,000 square feet of ground-floor space for restaurant and office uses, and a 120-vehicle multi-level parking garage.
IU Health reevaluating scope of $2.68B downtown hospital campus
The Indianapolis-based hospital system said in financial filing Thursday that the review comes in light of higher-than expected patient demand during the pandemic, inflation and sustainability goals.
Lafayette Square’s new owner points to $50M in upgrades so far
Owner Fabio de la Cruz said said the investment is only the start of what’s expected to be at least a $200 million project through his firm Sojos Capital LLC.
Boone County looks to create PUD ordinance in area planned for high-tech district
The county commissioners believe a planned unit development is the best way to protect the interests of Boone County residents, particularly those who live in unincorporated areas of the county.
Lebanon City Council approves annexation of property for high-tech development
Nearly three dozen individuals and companies who own more than 1,400 acres over 56 parcels submitted petitions last month to have their properties added to the city of Lebanon.
State plans new I-65 exit near Boone County’s innovation district
INDOT wants to build an interchange at West County Road 300 North that would serve the planned 7,000-acre LEAP Innovation and Research District.
Keystone Group acquires two industrial buildings in downtown Carmel
The buildings are south of The Center for the Performing Arts on a 5.4-acre property at the northeast corner of Gradle Drive and 3rd Avenue Southwest.
IBJ Podcast: What lies beneath downtown’s Diamond Chain site?
Of course, there are the usual concerns about environmental impacts that come with any industrial site. But this particular spot—now earmarked for the Indy Eleven’s 20,000-seat stadium—was also the city’s first burial ground.
Former uses of Diamond Chain site could pose ‘bit of a sticky situation’ for developers
Experts are optimistic that the property’s redevelopment will spur growth in housing and entertainment, but the industrial site’s environmental and historical factors must be considered in the aggressive timeline set for Eleven Park.
Editorial: Sojos is proving it’s serious about Lafayette mall resurrection
Improvements are already evident in the mall with promises of more to come.
Inflation hits state capital, infrastructure projects
Ever-increasing prices at the pump and grocery store checkout line aren’t the only places where Hoosiers can see the impact of inflation—state building projects are also feeling the budgetary strain.
Site for Indy Eleven’s proposed stadium praised by officials, real estate brokers
City tourism officials said the venue could be a boon for new sporting events—something team owner Ersal Ozdemir indicated he’s hopeful will the the case.