Madison Avenue to undergo three-phase, $47M ‘road diet’
Plans call for the removal of two vehicular lanes and the addition of new pedestrian and cyclist space.
Development/Redevelopment
Articles
Developer planning 186-home community next to golf course in Westfield
Carmel-based Old Town Cos. is looking to build the residential development in Westfield adjacent to Wood Wind Golf Club, which the city plans to purchase and turn into a municipal golf course.
Noblesville to build police station at former Firestone factory site
The new station for the Noblesville Police Department will be constructed at 1700 Division St., where a Firestone Tire and Rubber Co. used to operate for more than seven decades.
Lafayette Square Mall owner says revamp moving forward, fleshes out plans for apartments
The developer behind the planned revamp of Lafayette Square Mall expects to break ground on the project’s first apartment building early next year and open a 14-screen movie theater as early as next month.
Surack buys downtown Indy hotel to put damper on Hogsett’s plans for heliport
Billionaire Chuck Surack’s real estate purchases are intended to discourage Mayor Joe Hogsett’s administration from disposing of the Indianapolis Downtown Heliport so the property could be used to build a soccer stadium.
Lennar planning two southeast-side subdivisions with 355 homes
The Franklin Township projects, Eagle Creek and Crescent Ridge, will collectively occupy nearly 200 acres.
Scannell planning to recast airfield on east side as part of 1.5M-square-foot industrial park
The project, tentatively named the Post Road Airport Business Park, would consist of 10 buildings across more than 138 acres, ranging from just 40,000 square feet to nearly 300,000 square feet.
Plans to replace downtown CSX building with hotel, concert hall given go-ahead by historic commission
The $312 million project from Boxcar Development LLC, a holding company for the Herb Simon family, was unanimously approved by the Indianapolis Historic Preservation Commission after about a half-hour of presentation and discussion.
Indianapolis to begin work on $43M Henry Street Bridge project next week
The bridge is part of a state-local partnership to develop a major business park on the west side of the White River, an effort that has been complicated by the planned excavation of human remains from a historic cemetery on the east side.
Capital Improvement Board set to buy Pan Am Tower for $10.5M
The CIB is buying the property as a strategic acquisition tied to the ongoing redevelopment of Pan Am Plaza.
Butler University to convert Ross Hall into upscale hotel instead of demolishing it
Plans now call for the residence hall to be redeveloped into a 105-room hotel that will operate under Hilton Worldwide Holdings Inc.’s upscale Curio Collection flag.
State approves $50M in bond financing support for new LEAP pipeline proposal
The Citizens Energy and Lebanon Utilities project would supply the Eli Lilly and Co. manufacturing complex expansion, additional park tenants and new development in the city.
Prema Racing preparing to open Fishers racing shop in November
Italy-based Prema Racing plans to join the IndyCar Series in 2025 as a two-car team with Chevrolet.
Tippecanoe County extends pipeline moratorium as IEDC eyes other options for LEAP district
Tippecanoe County Commissioners first enacted a stoppage to high-volume water withdrawals in November in response to an IEDC proposal to take 100 million gallons a day from Wabash River aquifers and carry it 35 miles away to the LEAP district.
Proposed downtown hotel, residential tower gets new look in latest design
Indianapolis-based TWG Development has overhauled its design for the skyscraping tower planned at 222 N. Alabama St., immediately north of Old City Hall and considered the bulk of the $264 million redevelopment project for the west side of that block.
Carmel City Council questions need for apartments in Proscenium III project
Initial plans for the project include 151 apartments, a 125-room hotel, 63,000 square feet of office space, 15,000 square feet of retail space, 508 parking spaces and a public plaza.
Andretti Global racing makes progress on new HQ building
Andretti Global’s new headquarters in Fishers is a steel skeleton in the middle of a dusty field, but the motorsports giant’s future home is starting to come into focus.
Soccer stadium funding plan relies on development pipeline
More than half of the expected developments within the district the city has designated as a professional sports development area, or PSDA, have yet to break ground.
Mayor’s budget plan proposes $50M infrastructure TIF for downtown projects
The bonds could be used to help fund a list of downtown projects, including improvements to Georgia Street and multiple downtown underpass projects.
Noblesville announces plans for $67M apartment development at former milling site
Plans for The Granary call for a four-story building and parking garage with 225 luxury apartments, 5,000 square feet of retail space and about 300 parking spaces for residents and the public.