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Downtown sees blitz of hotel projects
The Indianapolis hotel market is booming, with about 2,800 new rooms slated to come online downtown alone in the next five years.
The Indianapolis hotel market is booming, with about 2,800 new rooms slated to come online downtown alone in the next five years.
The project, named Line Lofts, calls for 63 affordable senior apartments on 1.5 acres along Southeastern Avenue. Part of the project will face East Washington Street.
The Battista family’s plan to redevelop a Prohibition-era church building on the east side into an independent cinema and eatery has changed dramatically. And so has the project’s price tag.
A multifamily development and management company has filed plans to build a 37,000-square-foot office building in the Meridian Corridor to serve as its new headquarters.
The mysterious company that is considering building an $80 million distribution facility in Greenwood and creating 1,250 full-time jobs was revealed Monday night during a city council meeting.
Keystone Realty Group’s plan to spend $141 million on two high-profile downtown redevelopment projects passed a hurdle Monday night as an Indianapolis City-County council committee unanimously approved $16.7 million in financing to help fund the project.
Keystone Realty Group is in line to receive financing help from the city for an ambitious plan that would overhaul two nearly vacant office properties near Monument Circle and bring a prestigious Intercontinental Hotel to Indianapolis.
The Whitestown Town Council on Wednesday approved an agreement to buy 135 acres that previously served as the longtime home of the Wrecks Inc. automobile salvage yard. Little League International is expected to use about 20 of those acres.
Developers of the $50 million Penrose on Mass say they’ve already signed four commercial tenants to the block-long mixed-use project that won’t open for another five months.
Indiana-based Olthof Homes has filed plans to build 430 new homes in Westfield, including townhouses that would start at $150,000.
Decades ago, J. Scott Keller was a pioneer of the downtown residential real estate scene. Now he’s back, building two modular homes on South Arsenal Avenue with architect Terry Bradbury.
Noblesville leaders say building a mixed-use development in their historic downtown allows them to make history while also preserving it.
Sandwiched between homes to the south and commercial development to the north, the $19 million proposed project sparked concerns from nearby residents about its height and density, as well as its impact on drainage and traffic.
The city-owned site on South Tibbs Avenue served as an oil-collection, storage and transfer facility for decades before being abandoned in 1993.
Stringtown is surrounded by activity or proposed activity: at IUPUI to the east, 16 Tech to the north, the former Central State Hospital site to the west, and the former GM stamping plant to the south.
The South Bend-based developer that last year bought the landmark restaurant and the block on which it sits is searching for office and retail tenants for the space.
Justin Stuehrenberg and Katherine Bannon bought the 77-year-old brick edifice in the emerging Bates-Hendricks neighborhood for a song and completely gutted it. The new apartments will be available for lease next month.
The mixed-use development would provide downtown Noblesville with its first-ever parking garage and its first new apartment building in more than a century.
Two square miles of Hamilton County where residents for years resisted becoming part of Carmel, despite being surrounded by it, are soon to become much more Carmel-like.
The Mohawk Landing Shopping Center, built 36 years ago, will be redeveloped into a mixed-use property.