Fishers releases plans for $22.8M Arts & Municipal Complex
Construction on the three-story Fishers Arts & Municipal Complex is expected to begin this fall after the 31-year-old Fishers City Hall is demolished.
Development/Redevelopment
Articles
Indiana’s farmland prices hit historic high
In June 2021, the market value of top-quality farmland increased to $9,785 per acre, up 13% from a year earlier, according to the Purdue University Farmland Value and Cash Rents Survey.
Developer planning 70-acre real estate project in Tipton County
The project would include at least one hotel, light industrial space, a travel plaza, a bank, a MedCheck, a recreational vehicle stopover, restaurants and a dog park.
Cafe Patachou, Amelia’s Bread among four tenants lined up for revamped Stutz
SomeraRoad Inc., which acquired the Stutz Motor Car Co. factory complex last year for $25.8 million, confirmed Friday the four businesses will open on the ground floor of two Stutz buildings closest to the intersection of North Capitol Avenue and 10th Street.
Developers planning $61M residential project for Willows property, but Nora neighbors unswayed
Opponents say the size and scope of the proposed complex, which would replace the Willows Event Center, don’t jibe with the rest of the neighborhood.
Broad Ripple booms with new developments that are attracting residents
A six-story, $65 million, multifamily planned redevelopment of the former Kroger store in the heart of Broad Ripple is the latest in a series of substantial projects.
Indy Premier Soccer Club to open new HQ facility in Noblesville
The facility at 15193 Cumberland Road will house two indoor soccer fields, a training field, Indy Premier’s offices and meeting room space in Washington Business Park.
Designs unveiled for Hotel Nickel Plate in Fishers
The five-story, 116-unit Hotel Nickel Plate, part of Hilton’s high-end Tapestry Collection brand, will be built in Fishers’ Nickel Plate District.
Ball State kicks off plans to revitalize Village district, build performance venue
The university hopes to bolster the declining business-and-culture district by creating a center for theater and dance and green-lighting an Ohio firm to develop a hotel, apartments, retail spots, and spaces for office and research work.
Luxury apartments to open soon in former AT&T building
A local developer’s $80 million conversion of a 20-story office building into luxury apartments is the largest project of its kind downtown.
Boone County officials have few answers about possible large business development
The Indiana Economic Development Corp. recently approached Boone County officials about the possible development of land northwest of Lebanon for a big business project, but officials aren’t sharing much information.
‘Everything is on the table’ as IPS addresses enrollment decline, too many schools
The fiscal pressures raise the question of whether district leaders will consider closing schools—an option used recently to address a shrinking enrollment of secondary grades.
Indy competes for $75M to remake brownfields for food processing, manufacturing
A coalition of city-county government and local community groups this week completed a final round of applications for a federal grant of up to $75 million, that could total $90 million with a required local match.
City ponders coordinating redevelopment of multiple downtown sites
Roughly 17-1/2 acres of city-owned property in various stages of the redevelopment process have developers chomping at the bit to make their mark on the city’s skyline.
Ambrose expanding Mount Comfort logistics park with new building
Plans call for the $60 million Building V to be 753,000 square feet, expandable up to 1.1 million square feet. It is expected to be completed in November and suited for distribution, light manufacturing and assembly.
Cummins awards more than $1M to boost Martindale-Brightwood neighborhood
The grant will be used to fund mortgages to low-income residents who are buying one of 12 newly-constructed homes that are being built on previously-vacant properties in the neighborhood.
Developer planning 47-acre business park for autosports by Brownsburg raceway
Indianapolis-based Garmong Development expects Commerce Park at Brownsburg Raceway to attract more than $100 million in investment related to manufacturing and research and development for the autosports industry.
IBJ Podcast: Stephen Goldsmith talks Circle Centre revamp, equity in workforce development
Host Mason King talks with Goldsmith about how the city and the mall owners should think about what’s next. And they discuss Goldsmith’s new book on one of the business world’s biggest problems, “Growing Fairly: How to Build Opportunity and Equity in Workforce Development.”
City weighing nearly $25M in TIF bonds for Stutz renovation, 16 Tech apartments
The City-County Council on Monday saw the introduction of proposals to award developer-backed tax-increment financing bonds for a $60.8 million apartment development at the 16 Tech Innovation District, along with the $53 million redevelopment of the historic Stutz Motor Car Co. factory.
City seeks new uses for old jail buildings downtown
Indianapolis hopes to spur development with a request for development proposals for historic buildings at 752 E. Market St. and 730 E. Washington St.