Keystone planning $70M, 248-unit apartment complex in Fort Ben area
The Fort Harrison Reuse Authority has offered a 3.8-acre parcel of land to developer Keystone Group for $10 as an incentive to go ahead with the project.
Development/Redevelopment
Articles
City seeks ideas for revamping Twin Aire Shopping Plaza, former drive-in theater
The city’s “request for information” is likely to garner suggestions from developers for mixed-use developments, apartments, community spaces and facilities for not-for-profits.
Fishers proposes food and beverage tax to fund $170M arena for Indy Fuel
In addition to introducing plans for the new tax hike, the Fishers City Council on Monday unanimously approved plans for Andretti Autosport’s $200 million headquarters and an updated headquarters-expansion proposal by Italy-based Stevanato Group.
Carmel announces plans for $100M first phase of redevelopment at Monon Square
The Monon Square North project at East 126th Street and South Rangeline Road is expected to include housing, office space and retail space, restaurants and parking.
Pedcor planning $700M mixed-use development at 111th and Pennsylvania in Carmel
The 38-acre development would include multifamily housing, attached townhouses, 430,000 square feet of retail and office space, public outdoor space and public parking garages.
Florida-based developer proposes build-to-rent community in Carmel
The 32-acre build-to-rent project would be on the north side of the 400-acre Legacy mixed-use development, which is along the south side of East 146th Street and west of River Road.
New 8,500-seat arena for Indy Fuel part of $650M Fishers District expansion plan
Fishers officials on Wednesday announced a $650 million expansion plan for Fishers District that includes the arena, a new event center, residential and lodging developments, and entertainment and dining options.
Proposed Monon 30 projects receive TIF approval, $15M in incentives
The Monon 32 and the Domino, two projects in the 14.5-acre Monon 30 project, have received approval for their own respective tax increment financing districts and millions of dollars in bonds.
City incentives still in the works for Jail II redevelopment
The developer behind the proposed revamp of the former Jail II and Arrestee Processing Center facilities on the eastern edge of downtown Indianapolis said he expects city incentives for the project to be secured by the end of this year.
Indianapolis developer exits Birge & Held to start his own firm
Jarod Brown departs Birge & Held on good terms, with his firm’s first projects being a partnership with his former company consisting of $250 million in developments across Indiana, Georgia, Texas, Iowa and Florida.
City breaks ground on $6.8M Old Southside infrastructure project
The South Meridian Street corridor will receive a multi-use path, upgraded traffic signals for cyclists and cars, improvements to stormwater infrastructure and raised crosswalks.
Illinois-based Beef-A-Roo planning to open restaurant in Lebanon
The 55-year-old business plans to grow in the next three to five years from an eight-restaurant regional chain in Illinois to about 50 restaurants in the Midwest and Southeast.
Artist invests in fellow artists and near-east side
The idea came to Lobyn Hamilton after he moved into a former grocery store in the neighborhood where he spent the earliest years of his life.
TWG beefs up plans for apartment project at 18th and Meridian
The local developer is planning several modifications to the complex, including the addition of two floors, more than 50 apartments and a new parking garage.
Westfield council delays vote on controversial NorthPoint II business park
Holladay Properties says a “global company” is interested in occupying the whole 180-acre park proposed in rural Westfield and wants to move quickly.
Fishers breaks ground on $8.8 million development near Nickel Plate Trail
The Techway project includes a new two-story regional headquarters for Fairway Independent Mortgage Corp. and the rehabilitation of an existing single-story office building for Rebar Development.
Platinum Properties planning to build 65 townhouses in Whitestown
Ellis Acres would be built on 10 acres on the southwest side of the intersection of County Road 750 South and Indianapolis Road near the interchange of Interstates 65 and 865.
IndyCar driver Graham Rahal reaches agreement to move HQ to Zionsville
Rahal plans to invest $15 million to $20 million on the project and bring 80 to 100 high-tech jobs to Zionsville.
Lennar Homes planning 53 townhouses at Fishers Marketplace
The three-story townhouses at Marketplace Towns would range from 1,700 to 2,200 square feet with an average cost of $400,000.
Stutz completes 12-tenant roster for first floor of former factory
SomeraRoad Inc. unveiled on Friday a lineup of 12 tenants for seven Stutz buildings that occupy an entire city block. Among the new tenants: a taco shop founded by Milktooth chefs and a bar managed by Sahm Hospitality Group.