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.
Development/Redevelopment
Articles
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.
IndyGo bypasses former Harrison College site in search for more space
The transit agency is now considering a site on Post Road that is much larger than the former Harrison College site downtown and potentially much less expensive.
Cornerstone plans $15M medical project in Carmel, makes $60M in acquisitions
Cornerstone Cos. Inc.’s latest local project is a three-story, 40,000-square-foot medical office building along North Meridian Street for four tenants.
Prologis planning $50M warehouse development in Zionsville
A largely agricultural area near the formerly contested border of Zionsville and Whitestown could soon be the site of two 550,000-square-foot warehouses.
Developers push into Westfield along Carmel’s northern border
Over the past decade, developers have proposed nearly a dozen new subdivisions within a couple of miles of the 146th Street and Towne Road intersection.
Arbor Homes to purchase 135 acres in Westfield, develop 325 houses
Henke Development Group plans to sell Arbor Homes a part of its over 800-acre Chatham Hills development in Westfield so that it may be developed as a separate neighborhood called Monon Corner.
Westfield OKs $1.5M in bonds toward redevelopment of former concrete plant
The project, called Spring Mill Centre, aims to bring retail, industrial and office space—and possibly an assisted-living center for seniors—to the site.
Fast-casual Mediterranean chain coming to Indy
Up to five more locations could open in the next 16 months. Also this week: The Black Acre Loft, Dave & Buster’s, Gold Leaf Savory & Sweet
Carmel City Council OKs more than $27M for developer bonds, tax shortfall
The Carmel City Council approved bonds for four development projects and covered a property-tax shortfall at its Monday meeting.
Union 525 investors plan 160-unit downtown apartment project, parking garage
The investor group behind Union 525 is proposing another expansion to the tech incubator’s downtown Indianapolis corporate campus, this time with plans to construct a nine-story apartment building and a 700-space parking garage on an nearby lot.
Ambrose asks city to allow industrial uses on Waterside property
The development firm, which is in a legal dispute with the city over the property’s future, said the request followed “frequent requests for industrial space closer to downtown” by prospective buyers and tenants.
City identifies first ‘inclusive’ incentives economic development deal
The change to the way tax incentives are awarded is part of the city’s quest to achieve “inclusive economic growth” by growing opportunities for the city’s middle class and poor, and came as the result of years of research.
Indy Parks board OKs lease for Broad Ripple Park development
The Indianapolis Parks Department has preliminarily agreed to pay nearly $1 million per year to lease space in a new family center planned for Broad Ripple Park.
Iconic downtown Gold Building would turn gray under owners’ proposed revamp
Plans call for replacing the existing curtain wall on the 20-story office building with “crystal gray” panes developed by Minnesota-based architectural glass fabricator Viracon.