Third Whitestown I-65 interchange to give developers blank canvas
The launch of a $63 million project to add an interchange and rework another is likely to fuel a new blitz of commercial development in the state’s fastest-growing town.
Development/Redevelopment
Articles
IndyGo considering purchase of former Celadon headquarters site
IndyGo is on the hunt for additional space because its staff and bus fleet have grown in recent years, making its current headquarters on West Washington Street too small for its needs.
Ratio principal Bill Browne talks Pan Am Plaza project
Ratio is architect for the $550 million project by Kite Realty Group Trust that includes a Signia Hilton, an expansion of the Indiana Convention Center and—eventually—a second, 600-room Hilton-branded hotel.
Methodist Hospital expansion exposes tax tensions
The redevelopment will exacerbate a challenge already weighing on Marion County: huge swaths of land off the tax rolls because they are owned by not-for-profits and are being used for purposes related to the groups’ missions.
Plan for major apartment project next to Walker Theatre moves ahead
The proposed complex next to the Madam Walker Legacy Center would include about 344 apartment units ranging from studios to three bedrooms, with most of those likely used by IUPUI students.
Vonnegut Museum shifts gears on Bluebeard-managed cafe plans
Fletcher Place restaurant Bluebeard, which was the museum’s original choice of cafe operator, says it can’t tackle the project right now because of uncertainty around the pandemic.
Pavilion at Pan Am owners eye new venue to replace soon-to-be-razed building
The operators of the Pavilion at Pan Am Plaza event center are considering building a $15 million venue in downtown Indianapolis to replace the one Kite Realty Group plans to turn into rubble as part of its massive redevelopment of the plaza.
Fort Wayne city panel pulls $62M in funding to redevelop former GE site
The terminated economic development agreement called for a $280 million mixed-use redevelopment of the former 31-acre General Electric campus with new commercial and retail space. The site once employed more than 10,000 GE workers.
Ambrose plans $75M redevelopment of former Navistar plant property
Ambrose acquired the 90-acre property at 5655 S. Brookville Road in mid-July for $8.2 million—more than five years after Illinois-based Navistar International Corp. shuttered its foundry operations there.
Carmel OKs Estridge townhouse development despite concern from neighbors
At least one person was ordered to leave the Carmel City Council meeting Monday for interrupting the council’s review of plans for 15 townhouses on the city’s north side.
Kite Realty Group bets big on hotel, even as other projects wither
A third of planned downtown hotel rooms announced before the pandemic are now on hold.
Proposed 40-story Signia at Pan Am Plaza to shake up hotel landscape
The $300 million hotel will be the most expensive and elaborate new lodging project built in the city since the $450 million JW Marriott complex was completed in 2011. And it will compete directly with the JW.
16 Tech announces names for innovation hub, artisan marketplace
The innovation hub, expected to open early next year, is part of a $500 million, 50-acre campus along Indiana Avenue. The hub’s new name is a nod to the site’s history as the former Citizens Water headquarters.
Noblesville approves $14M bond package for Village at Federal Hill project
The $32 million plan includes 160 apartments, more than 400 parking spaces, and 30,000 square feet of commercial space for retail or office uses.
Three new businesses transform Irvington building
The former Indiana Farm Bureau Insurance office now houses a coworking space, events center and bar. Also this week: Green District Salads, Old Pro’s Table, BounceU and Della Leva Espresso Bar.
Ivy Tech breaks ground on $14M automotive tech center in International Marketplace
The center will move operations from a building it has operated in for several years at 1331 E. Washington St.
Kite Realty Group seeks $7M in tax increment financing for $55M Glendale project
A proposal to issue economic development tax increment revenue bonds for Kite is slated to be voted on by the City-County Council’s Metropolitan and Economic Development Committee on Monday.
Hogsett: Delays likely for Pan Am Plaza hotel, convention center project
Indianapolis Mayor Joe Hogsett said the city is continuing to work with Indianapolis-based Kite Realty Group Trust—which is developing the project—to finalize a reworked timeline.
Trump looks to scale back environmental reviews for projects
The controversial changes to the National Environmental Policy Act are expected to make it easier to build highways, pipelines, chemical plants and other projects.
Council approves rezoning for south-side apartment project
Roughly 22 acres on the northern half of the 104-acre site would be reserved for a multifamily project by Sheehan Development Co. Inc. that would include 320 apartments.