Proposed firehouse project in Butler-Tarkington hits snag
After many months of delays, an opponent of the project requested an eleventh-hour stay on city approval after he became too sick to attend the meeting.
Development/Redevelopment
Articles
Carmel, PNC Bank reach agreement on land sale for mixed-use project
Carmel filed a lawsuit in August to take control of PNC’s North Range Line Road property, but the bank agreed in an out-of-court deal to sell the land for $2.5 million.
Rockstone plans Bedrock HQ, campus for entrepreneurs in Noblesville
Rockstone Investments, parent company of Bedrock Builders, would spend $4.3 million to construct 31,000 square feet of office space plus a 17,000-square-foot warehouse.
Flexware expands office project in Fishers’ Nickel Plate District
Flexware Innovation will construct an additional 8,000-square-foot building at 1 Municipal Drive as part of its Nickel Plate District office building project.
Seafood restaurant planned for hotel across from Bankers Life Fieldhouse
The new locally developed seafood eatery is one of four retail tenants that have agreed to lease space in the dual-branded Hyatt Hotel development across from Bankers Life Fieldhouse. The restaurant plans a second location at the Yard at Fishers District.
Broad Ripple nursery owner says nearby redevelopment played role in closure
Weaver’s Lawn & Garden recently closed after 57 years in business. The property owner said he is considering his options for the land.
Circle City Industrial Complex lands big loan for updates
The old industrial building, which has about 130 tenants, has been in redevelopment mode since 2015.
Indy-based Delco Foods plans expansion into Whitestown, 132 jobs
The specialty and Italian food distributor plans to spend more than $5 million to open a cheese-processing, printing and warehouse facility near Interstate 65.
Chatham Arch residential project set to move forward after legal battle
The Indiana Supreme Court declined to consider a case that was delaying the proposed redevelopment of the 800 block of North East Street. The project includes more than 50 condominiums, retail space, townhouses and single-family homes.
After years of effort, 16 Tech innovation district finally starting construction
Developers of 16 Tech—a consortium of offices, laboratories, housing and retail space—believe the campus will become a powerful economic engine by fostering collaboration and innovation.
Neighbors of Mile Square apartment project satisfied with bigger, reconfigured plans
The proposed development at 421 N. Pennsylvania St. has undergone extensive changes since this spring, including rising from seven to 11 stories.
Proposed Fishers workforce housing project misses out on tax credits
RealAmerica Development LLC’s plan to build 70 income-based apartments in downtown Fishers has been passed over for housing tax credits that would have helped finance the project.
Metro apartment boom continues as rents keep rising
Apartment rent is on the rise in Indianapolis, thanks in large part to the area’s boom in new multifamily developments—and updates to old ones.
Trampoline park to occupy former Marsh store in Noblesville
Urban Air Adventure Park has leased 34,000 square feet of a building left vacant in 2017 by Marsh Supermarkets.
Vote postponed on controversial Broad Ripple apartment project
The developer of a proposed 164-unit apartment complex in the heart of Broad Ripple said it would consider going back to the drawing board in an effort to get the blessing of some area residents who have concerns about the project.
Indianapolis engineering service provider to relocate to Noblesville
Applied Intelligence Corp. on Tuesday received preliminary approval for tax incentives based on its plan to build a new headquarters in Noblesville.
Columbus buying shopping mall to make it recreational/tourism complex
The city of Columbus is partnering with Columbus Regional Hospital and the Heritage Fund/The Community Foundation of Bartholomew County on the $5.9 million purchase.
Kite seeks to minimize risk in convention-hotels project
Hospitality industry observers say this is far from an ideal time for Kite—a publicly traded real estate investment trust specializing in shopping centers—to veer outside its core business and tackle what would be a risky and colossal project that easily could cost more than $600 million.
Zeller buys downtown office complex for $63M, plans amenity upgrades
The Chicago-based real estate firm intends to use the same strategy with Capital Center that it employed in refreshing Market Tower.
Developer in downtown hotel project sues bank in rift over relocating branch
Loftus Robinson plans to transform the 16-story tower into a 130-room Kimpton-brand hotel. But it says it has hit a snag with moving Centier Bank from the ground floor.