Developers planning $25M development on former brownfield site
The city has spent the past several years remediating the former railyard site and marketing it for potential development.
Development/Redevelopment
Articles
Owner proposes 22-story addition to downtown’s Morrison Opera Place
Plans for the development include a 220-room hotel and 32 residential units. The addition would boost the existing historic building from four to 26 stories.
Developer Litz & Eaton split leaves messy trail
Five years after the prominent developer upped its business ambitions—going from a home-renovation firm to high-end, multi-home projects—the firm is unraveling.
New 104-room hotel planned for Old Southside neighborhood
A local investment group plans to spend $9 million to $10 million to construct the four-story hotel at 324 Wilkins St. If approved, the development would bring a new, fast-growing midscale hotel brand to Indianapolis.
Downtown’s E’laan apartment building set for sale, $5M expansion
An upscale apartment building in downtown Indianapolis is expected to be acquired at the end of this month by a local firm that is planning an expansion project that will almost triple the number of units in the property.
Council approves incentives for $66M downtown project
The Indianapolis City-County Council on Monday night approved nearly $10 million in financial incentives for a Denver-based developer that is planning a 13-story apartment, retail and office project across the street from the Indiana War Memorial.
TIF incentives for $66M downtown project barely pass council committee
The council’s Metropolitan and Economic Development Committee voted 6-5 to send two proposals concerning Charles Street Investment Partners’ mixed-use project at 421 N. Pennsylvania St. to the full City-County Council.
Zionsville’s Creekside Corporate Park remains largely empty
Town leaders say development is coming, but has been slow because they’re picky about tenants.
Fishers City Council waives fees for $24M senior living project
The facility would be built on about six acres of undeveloped land off East 126th Street, east of Hoosier Road.
Partners in Tru by Hilton hotel project file suit, allege unpaid development fees
The lawsuit says the men reached an oral agreement in late May 2017 to split the anticipated $1 million development fee evenly, four ways.
Bottleworks adds two more tenants to Garage Food Hall lineup
Vendors who sell seafood and distilled spirits have signed leases in the food hall portion of the $300 million Bottleworks development at 850 Massachusetts Avenue.
Scannell planning to build $14.5M distribution facility for PepsiCo
The 200,000-square-foot southeast-side project would be constructed for PepsiCo subsidiary P-America LLC, which has multiple facilities around Indianapolis.
Another Carmel restaurant closes, citing U.S. 31 project for hurting business
At least four restaurants in the area have blamed their closings on the U.S. 31 project. Carmel says other nearby restaurants are doing just fine.
Target no longer eyeing Circle Centre for downtown store, sources say
With Target out of the picture, the ground floor of the former Carson’s space in Circle Centre will be marketed to multiple retail, restaurant and entertainment tenants, sources said.
Anderson buys historic theater after failed renovations
Mayor Thomas Broderick Jr. said the price was reasonable and the theater could be tied into redevelopment efforts in the city.
Developers resume plans for $50M, dual-branded hotel on South Meridian Street
Merrillville-based White Lodging and Indianapolis-based REI plan to construct a seven-story, 206-room hotel after putting it on hold earlier this year over concerns about the Pan Am Plaza development.
City, Kite agree to build only one hotel at a time at Pan Am Plaza
Ongoing disagreement between the city of Indianapolis and a group of downtown hotel owners has prompted city leaders to officially postpone construction of one of the two convention hotels planned for Pan Am Plaza.
Kite Harris plans $25 million mixed-use project near future Little League headquarters
The town has agreed to sell the 15 acres to Kite Harris Property Group for $1 in an economic development agreement approved by the Whitestown Redevelopment Commission on Wednesday night.
Boomerang proposes $157M mixed-use development on 240 acres in Noblesville
The massive project, which includes industrial, residential and commercial uses, would take place on largely undeveloped land near the State Road 32/38 split.
Developers embrace challenging rehab projects but foresee fewer opportunities ahead
A number of major projects are underway now, but developers say activity might slow when those projects wrap up.