City hires national group to study new uses for troubled Irvington sites
The struggling Irvington Plaza retail center and vacant Ford/Visteon manufacturing site are among the neighborhood’s biggest dormant spots and redevelopment opportunities.
Development/Redevelopment
Articles
IRT raises curtain on $18.5M fundraising campaign
The campaign already has collected $17 million in commitments from donors, officials said. About two-thirds of the ultimate goal is earmarked for beefing up the theater company’s endowment.
UPDATE: Westfield pitches tax plan to fund construction of $35M downtown park
City leaders presented a plan during a city council meeting Monday night to use local income tax and TIF revenues to repay a $35 million bond that would be used to construct Grand Junction Plaza.
City seeks walkability, better flow in Castleton
Castleton remains central Indiana’s most expansive retail corridor, but does its retail focus—and its car-centric layout—suggest trouble lies ahead?
Lawmakers consider changes to allow more alcohol permits in growing communities
The omnibus alcohol bill authored by Rep. Ben Smaltz, R-Auburn, would also create a special alcohol permit for a planned food hall at the Bottleworks development on Massachusetts Avenue.
Craft-beer guru planning taproom in Greenwood with ax-throwing hook
The investor group behind Tap & Axe, which includes the founder of craft-focused Hoosier Brewing Co., expects to spend more than $500,000 in the end to buy and renovate its 109-year-old downtown location.
IPS board rejects acquisition bids for downtown headquarters
The IPS board on Thursday unanimously voted against two bids for the district’s downtown headquarters because they didn’t come close to the $7 million the district had hoped to receive for the property.
Trio of downtown-area apartment buildings hits market
Their Bloomington-based owner is marketing them less than three years after completion. They include The Delaware, a high-profile complex at 22nd and Delaware streets.
Developers bid on IPS downtown HQ, but district leaders unimpressed
Indianapolis Public Schools staffers are expected to ask the board this week to reject two proposals to buy the district’s downtown headquarters, after the offers came in well below expectations.
Greenwood exploits creek for ‘riverfront’ district
As part of its effort to add redevelop its downtown, Greenwood is putting an unusual asset to use: a meandering minor waterway that in spots is not much wider than a drainage ditch.
Mount Comfort Road has big development potential for Hancock County
Mount Comfort Road in Hancock County could see an additional half billion dollars in economic impact by 2030 if community leaders capitalize on a plan to develop the busy corridor.
National car dealer backs away from massive HHGregg HQ site
Napleton Auto Group says it’s still weighing its options for relocating one of its local Kia dealerships after dropping a contract to buy the former appliance chain headquarters and retail site.
Flood-prone land to become amphitheater space for Franklin
Franklin's redevelopment commission reached an agreement last week to spend $850,000 to buy a key piece of land and relocate two businesses for the project.
Ideas abound on where to put Indy Eleven soccer stadium
Owner Ersal Ozdemir isn’t revealing possible locations for his $550 million Eleven Park project, but community leaders and other observers are bandying about lots of options.
Bates-Hendricks working to attract, shape commercial development
Now that Bates-Hendricks has emerged as one of the city’s housing hot spots, its neighborhood association is focusing on the commercial boom residents believe will follow.
Another senior living facility planned for Whitestown
The Whitestown Plan Commission has approved plans for a seven-building senior living center northeast of Main Street and Central Boulevard. The vacant land once was earmarked for a similar facility by another developer.
Indy Eleven downplays Broad Ripple High School as potential stadium site
The Indy Eleven has expressed interest in the former Broad Ripple High School site as a potential location for its proposed stadium development, but the team tapped the brakes on that possibility Friday, noting it is continuing to evaluate multiple options.
Indy Eleven proposes $550 million development that includes stadium
The professional soccer team is pushing for a 20,000-seat stadium as part of a real estate district featuring lodging, office and retail space, an underground parking structure and apartments.
After delays, $45M downtown mixed-use project to finally break ground
The local developers of The Ardmore see the apartment-and-retail development as a bookend to the massive Bottleworks project on the other end of Mass Ave.
Macy’s store in Indianapolis set for closure
Macy’s plans to close its store at Glendale Town Center, leaving the 60-year-old Indianapolis shopping center without its largest and oldest anchor.