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.
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.
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.
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.
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.
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.”
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.
Indianapolis hopes to spur development with a request for development proposals for historic buildings at 752 E. Market St. and 730 E. Washington St.
To help support blue-collar workers, Meadows on Main will be income-restricted and serve individuals and families generally making 40% to 70% of the area’s median income.
The Department of Metropolitan Development is calling for proposals for vacant, city-owned sites in Martindale-Brightwood, in the Sherman Park area and on the near-west side of Indianapolis.
Elanco Animal Health Inc. officials say they expect to break ground on the company’s new $100 million headquarters just west of downtown Indianapolis in early 2022 after fine-tuning plans for the project with city and state officials.
Gershman Partners and Citimark plan to raze the grocery to make way for a new mixed-use project, though plans for the development are still in the works.
Fabio de la Cruz has a plan to transform Lafayette Square Mall and several adjacent properties into a multicultural hub, including a concert center, movie theater, hotel and multifamily housing.
A Carmel-based development firm plans to spend $70 million or more to turn agricultural fields in Noblesville into the site of three industrial buildings called Saxony Industrial Center.
The national fast-casual salad chain is in expansion mode as it prepares to become a public company. Filings with the state show that it’s also considering a downtown Indianapolis location.
A Georgia-based development firm said Monday it hopes to take the reins of the Wilshaw hotel project across from Indianapolis Motor Speedway, with hopes of completing construction by early 2023.
Crews are spiffing up the grounds at the Basile Opera Center, the latest move in a rebirth of sorts for the opera company, which in August purchased the former church at 4011 N. Pennsylvania St. it’s been leasing for 10 years.
The Indianapolis Cultural Trail Inc. is starting work on its 2-mile expansion, the trail’s first extension since it opened in 2013.
The city has a preliminary agreement in place with WoodTurningz Inc. and Texon Towel and Supply Co. to abate most of their property taxes over the next eight years if the companies meet hiring goals.
The second phase alone is likely to take about three years to build, with construction commencing in mid-2022 at a tentative cost of nearly $100 million. The total project cost is expected to push $300 million.
