East-side neighborhood could soon get TIF money
Reagan Park could soon benefit from an economic development tool that would capture the tax dollars from new developments to benefit existing residents and potentially help them stay in their homes.
Development/Redevelopment
Articles
IHG seeking to build Atwell Suites hotel in Saxony area of Fishers
United Kingdom-based IHG Hotels & Resorts is seeking to build a 113-room Atwell Suites hotel in Fishers, but hurdles remain as the project goes through the city’s review process.
Marsh Davis to retire as president of Indiana Landmarks after 19 years at helm
Davis has dedicated 37 years of his career to Indiana Landmarks, the nation’s largest statewide preservation organization, which has helped preserve scores of historic buildings across the state.
Historic commission signals support for $312M downtown hotel and entertainment venue project
Members of the Indianapolis Historic Preservation Commission on Wednesday mostly praised plans to redevelop the site of a century-old railroad servicing building across the street from downtown’s Gainbridge Fieldhouse.
Developer tearing down six-story building by Glendale to build retail, office project
Demolition already has begun on the 56-year-old office structure, which was purchased out of foreclosure for $1.59 million. The developer envisions restaurant, retail and medical office tenants that will vibe with continued redevelopment along the Keystone corridor.
Zionsville Town Council votes to reject South Village plan
Last week, Mayor John Stehr said he wanted to withdraw the South Village PUD ordinance from consideration because he did not believe there was enough consensus about the plan among council members.
Simon family expands footprint near fieldhouse
For decades, Herb Simon’s downtown investment focused on owning Pacers Sports & Entertainment and managing Gainbridge Fieldhouse. But in recent years, Simon and his family have expanded their investments and holdings in downtown’s Warehouse District.
Wild Air project in Zionsville will be developer’s largest yet
Construction is set to begin this summer on a 260-acre development in Zionsville that will bring nearly 700 new homes to a once-rural area of the Boone County town.
Mayor asks to withdraw plan to guide development in Zionsville’s South Village
Zionsville Mayor John Stehr told IBJ on Tuesday that he does not believe there is currently enough consensus about the development plan among council members.
Demolition of downtown’s Jail I set to begin in October
A request for proposals from developers for the 2-acre site is expected to be issued in 2025.
Work to empty troubled complex nears end
After years of neighborhood strife, the administration of Mayor Joe Hogsett last year began demolishing portions of the cluster of 258 housing units and is in the process of relocating other Towne & Terrace residents.
Developer considering Irvington Plaza as home for Indiana Sports Hall of Fame
News of a possible development at the site has been long-awaited by Irvington residents. But those involved said the potential project is in very early stages and will require a giant fundraising effort.
Developers plan about 150 single-family houses and town houses in Westfield
City Council members heard plans for the 44-acre Finley Creek Estates and the 11-acre Westfield Yard developments this week.
Local firm laying groundwork for retail, hotel complex along Southport Road by I-69
The project is expected to include existing and new-to-market restaurant concepts occupying lots ranging from 1 to 2 acres.
Westfield starts designing long-awaited downtown
For years, transforming Westfield’s downtown into a vibrant, happening place has been a much-discussed but never-realized goal. Now, the first-term mayor is pushing to make the redevelopment of downtown more than just a talking point.
Kite Realty gives new life to 65-year-old Nora Plaza
Five years after Indianapolis-based Kite bought the shopping center, the developer has invested in utilities, signage and infrastructure and is adding eye-catching tenants West Elm, Williams Sonoma and Bluemercury.
Revamped downtown CSX redevelopment plan features upscale hotel, music venue
An investment group led by Indiana Pacers owner Herb Simon and his family said Thursday it plans to spend at least $300 million to construct a 13-story luxury hotel and connected 4,000-seat theater on the property after demolition of the existing century-old building.
Biden to unveil plan to cap rents as GOP convention begins
The plan is likely to prove controversial among economists, including many Democrats. Experts on both sides of the aisle tend to argue that government limits on rent discourage new development by making it less lucrative.
McCordsville town center takes shape as community’s population, housing needs grow
Town leaders spent nearly 15 years planning McCord Square, which they envision as a town center for a community that needs a place to gather. Residents are beginning to move into two 111,000-square-foot, four-story apartment buildings called The Jackson and The Lucas.
Developer plans massive Midwest distribution hub for Sephora
The 746,672 square-foot Sephora facility is a build-to-suit project that will occupy the entire acreage assembled by VanTrust for Avon Landing’s second phase.