Earlier this month, the Democrat-controlled City-County Council voted 20-5 for new development standards that add residential and mixed-use districts to push bus usage, walkability and density county-wide.
The centerpiece of the project—transforming a 40,000-square-foot former factory into an arts and cultural space—has not begun, but home renovations and greenspace development are underway.
The trustee’s office issued a request for bids for the five-story building in one of downtown’s most attractive locations, but several developers and key players in the area told IBJ they weren’t aware the property was available.
The owner of several buildings across Massachusetts Avenue from Bottleworks plans to redevelop the property in a similar but limited fashion with courtyards, residential units and new office and retail space.
The development, called 1202, would feature 105 units on a 1.1-acre parcel on the near-south side, with at least one-fifth of the units reserved for individuals making up to 80% of the area’s median income.
Indy Parks said Tuesday that it expects to spend more than $20 million to acquire the 40,000-square-foot facility and avoid shelling out nearly $1 million per year as part of a long-term lease agreement.
The tax-increment financing bonds will be used to pave the way for Elanco Animal Health Inc. to build its new headquarters on the former General Motors stamping plant property west of downtown.
The Indianapolis Airport Authority on June 18 agreed to work with city officials to find a new use for the 4.9-acre property at 51 S. New Jersey St.
Greenwood Mayor Mark Myers touted the city’s economic development and unveiled renderings for the 40-acre sports complex at his State of the City address.
The company behind NinjaZone and Wright’s Gymnastics is set to build a 37,000-square-foot gymnastics, dance, preschool and athletics facility in Westfield’s Grand Park Sports Campus.
The amount dedicated to building a 296-space, three-story parking garage servicing the city’s new police station and other adjacent users has grown from $8 million to a projected $11.5 million.
The town of Speedway is considering legal action against the developer of the long-delayed Wilshaw hotel project, after the company declined its requests to provide a public update Monday night on the development’s status.
Based in Westborough, Massachusetts, BJ’s is the third-largest warehouse club chain in the country. It operates 221 warehouse-style stores in 17 states.
The project agreement offers Italy-based Stevanato Group a 15-year tax abatement, a $2.4 million commercial property grant and nearly 36 acres the city plans to buy at 126th Street and Cumberland Road.
Much of the money is earmarked to acquire a 75-acre property for a life sciences business park that will be anchored by Stevanato Group’s planned $145 million pharmaceutical manufacturing facility.
M/I Homes of Indiana received approval from the Westfield City Council this week on a rezoning request for 28 acres south of State Road 32, so the property can be developed with 138 or so townhouses and up to 40,000 square feet of office space.
YMCA of Greater Indianapolis COO Gregg Hiland told the Westfield City Council on Monday that the organization has had to revise its goals due to a slowdown in giving during the pandemic.
City officials are again refining expectations of developers who ask for help in financing projects, with the goal of increasing the affordable-housing stock and reducing the city’s long-term debt.
Westfield-based EdgeRock Development is working to develop the Grand National Pickleball Center on a 25-acre site on the north side of 191st Street. The facility is expected to have 36 indoor and 16 outdoor pickleball courts.
Opus Development Co. plans to develop up to four buildings on the land in the Mount Comfort corridor, including a 862,000-square-foot distribution facility for Atkins Nutritionals.
