Ambrose partners with Glick as part of $200M first phase at Waterside development
Ambrose partners with Glick as part of $200M first phase at Waterside development
Development/Redevelopment
Articles
Prime site near Keystone, 96th Street interchange hits market for nearly $10M
The 18.1-acre parcel is one of the few remaining undeveloped sites of significant size on Indianapolis’ northern edge. Although it’s bordered by homes, local brokers foresee commercial development.
Kite, Milhaus planning 7-building apartment complex next to Glendale
Indianapolis-based mall owner Kite Realty Group Trust this month filed a request with the Marion County Board of Zoning Appeals to change zoning for some of the parking lots just east of the shopping center.
City files eminent domain suit to acquire, demolish Oaktree Apartments
The city of Indianapolis has called the 19-acre property southeast of the intersection of 42nd Street and Post Road a “threat to public health, safety and welfare.”
Indians moving forward on $8.3 million Victory Field project
The Indians will get a new club and additional space in their administrative offices with a multi-million-dollar project expected to start once the 2019 season concludes. The project has received approval from the Capital Improvement Board.
Speedway B&O Trail extensions could spur development
Redevelopment experts are confident the west side will see a jolt in property values and development opportunities as plans to extend a Speedway trail both east and west move forward.
UPDATE: Vonnegut museum tops fundraising goal for new building
The museum, which is currently homeless, signed a purchase agreement in February for a building at 543 Indiana Ave. It needed to raise $1.5 million to buy and rehab the building, and it passed that goal with hours to spare Wednesday.
Drug research firm Covance plans $17.5M expansion, 203 jobs
Plans call for the company to spend $11.8 million on the real estate improvements and another $5.7 million on new IT equipment and freezers.
Council OKs $7M in developer-backed bonds for Block 20 project
The project, known as Block 20, consists of developments on two sites near Mass Ave and is estimated to cost $40 million.
Company plans $9M research facility in Crawfordsville
An Alabama-based company that makes pipes for water, oil and natural gas is planning to build the 30,000-square-foot research and development facility on 17 acres.
Local apartment development firm TWG changes leadership
Tony Knoble and Justin Collins have taken top positions at the development firm after the retirement of longtime execs Joe Whitsett and Dennis Dye.
Carmel receives eight development proposals for PNC Bank site
Henry Mestetsky, director of the Carmel Redevelopment Commission, told IBJ on Tuesday that the overwhelming response to the RFP was rare.
Once-dilapidated far-east-side shopping center to become home for retail startups
Following a multimillion-dollar renovation, a far-east-side building that was on track for demolition is set to emerge as a retail-startup hub that supporters say could revitalize a neglected part of town.
Zionsville neighbors battle village proposal—again
But the mixed-use project called Sycamore Flats, filed by Carmel-based J.C. Hart Development, appears to have more momentum than past proposals opponents or local officials rejected.
Plans for hotel at One North Penn progress as owner reaches deal with holdout tenant
After a legal battle and mediation, Centier Bank plans to relocate its branch while the owner of the historic tower at Pennsylvania and East Washington streets prepares to revamp it as a swanky hotel.
Amid tensions, plans for Hilton hotel towers on Pan Am Plaza advance
A powerful group of hoteliers that opposes a proposal to build a pair of hotels on Pan Am Plaza scored a victory in the Legislature. But the plan to construct the project remains very much alive.
Council committee OKs up to $7M in bonds for downtown Block 20 project
The financing plan for the two-site $40 million project near the Athenaeum was advanced by a City-County Council committee just days after a group opposed to the project accused the developer of unprofessional conduct.
IU gets approval for $56M plan to overhaul mold-plagued dorms
The State Budget Committee signed off Wednesday on IU's plan to accelerate the overhaul of the Foster and McNutt complexes.
Sheet-metal firm planning $4.2M expansion, 40 hires for new unit
Greenwood-based Poynter Sheet Metal Inc. and its landlord have applied for partial property tax abatements on the project that would save them a total of $595,000 over 10 years.
Crew, Fishers find alternate site for carwash, expand plan to include new headquarters
Crew Carwash and the city of Fishers announced Friday morning that the company will build a corporate headquarters and a carwash not far from the controversial location where Crew previously had wanted to build a carwash. Crew plans to spend at least $10 million on the project.