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.
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.
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.
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.
Improvements are already evident in the mall with promises of more to come.
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.
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.
The redevelopment of what is now an 18-acre manufacturing site downtown is expected to include apartments, a hotel, an office building and retail space—in addition to a 20,000-seat stadium. Keystone Corp. CEO Ersal Ozdemir said the project’s cost will likely top $1 billion.
Urban Legacy Lands Initiative Inc. expects to create a preservation and stewardship framework to support the city’s Black communities, with a focus on equitable and inclusive neighborhood growth.
The annexation requests come as the Indiana Economic Development Corp. pushes forward with its plans for the LEAP Lebanon Innovation and Research District.
A 64-acre site is expected to become a prime live-work-play spot in the rapidly growing city’s downtown once the development is built out.
BlueIndy’s Paris-based owner announced in December 2019 that it was shutting the service in May 2020 after failing to achieve profitability. It left dozens of recharging stations throughout the city.
The team behind the proposed redevelopment of the Willows Event Center into apartments near Broad Ripple has withdrawn its proposal, just hours before it was set to be considered by a city commission.
Gershman and Citimark’s project includes a different look and a new use for the Gold Building and construction of an 11-story building to replace the east wing of the Indianapolis City Market.
The Villages at Eagle Creek location was one of 18 stores closed by Marsh Supermarkets in mid-2017 as part of the company’s bankruptcy plan after the properties failed to sell at auction.
Kansas City, Missouri-based commercial real estate developer VanTrust Real Estate LLC said it plans to spend about $220 million to construct six industrial buildings, with three each at sites in Hancock County and Hendricks County.
Residents living in Johnson Addition worry about increased traffic and housing costs, and fear for the future of their neighborhood.
Local developer Keystone Corp. has drafted new plans for its long-simmering Alexander at the Crossing mixed-use project that includes 275 apartment units, plus retail and office space and a hotel. Some nearby residents are opposed to the project for its size and density, as well as for further commercializing 86th Street.
Landmark formally acquired the building for $4.6 million in April and has already started demolition work inside the structure.
The Metropolitan Development Commission continued a public hearing on the Willows redevelopment project near Broad Ripple following requests for a postponement by both the developers and remonstrators.
The proposed project includes 40,000 square feet of commercial and retail space, townhomes, an event lawn space, a park and a pond overlook.