TWG seeking tax break on $73M apartment complex planned near Lucas Oil Stadium
As part of the request, TWG is pledging to make 41 of the 270 units available to individuals and families making up to 70% of the area’s median income.
Development/Redevelopment
Articles
Westfield’s 180-year-old ‘Green Building’ to be relocated
Crews with Pennsylvania-based Wolfe House & Building Movers LLC on Tuesday will move “The Green Building” from 102 S. Union St. to a temporary site directly east of its current location before eventually moving it to a new long-term spot.
Pure Development co-owner sues partner, seeks liquidation of company
Indianapolis-based Pure Development has developed more than 35 real estate projects nationally and has a contract with the Indiana Economic Development Corp. to lead efforts on the LEAP Lebanon Innovation and Research District.
Sheridan aims to manage growth with reorganization, but questions remain
The town of Sheridan and Adams Township are looking to merge—a move that would give Sheridan planning and zoning control over an area that is currently unincorporated and is the jurisdiction of county planners.
City open to additional funding for Old City Hall project after major budget increase
Indianapolis-based TWG Development LLC now says it will cost as much as $264 million to overhaul the historic building and build a 32-story apartment and hotel tower on a lot directly to its north—an increase of nearly 90% from the original budget.
City wants to jump into MLS stadium talks this summer
The city and the Capital Improvement Board of Marion County in the coming weeks will convene with the prospective MLS investor group to begin early design work for a stadium on the downtown heliport property.
Boone eco-devo group furnishes $622K in grants to upgrade historic buildings in Lebanon
Among the recipients are the Lido Building, formerly a movie theater that opened in 1914 as the Olympic Theatre, and the Collier’s Corner Building, which was constructed in 1883. The Eichman Exchange Building was rebuilt in 1938 following a fire.
IU Health’s new downtown hospital about 25% complete and on schedule, officials say
Officials with IU Health gave what they called a “summer update” on Wednesday and sounded optimistic about the project, one of the most expensive in Indiana history.
Future of Diamond Chain site unclear under city’s approach to remains, stadium
The Hogsett administration says no development can proceed on the property unless the owner agrees to treat human remains found there in a way that is consistent with the wishes of a community group.
Epcon Communities planning 80-home development in Westfield
The Westfield City Council heard plans for the proposed 36-acre Courtyards of Cielo Ranch and also approved plans for a 13-acre, age-restricted community called Vita of Westfield.
Lebanon needs to find new water source to support more construction, mayor says
Without an additional source, Lebanon cannot currently offer water to companies and developers looking to build in the city who have not already reserved allocations.
Purdue takes next step to develop $187M mixed-use project for new downtown Indy campus
Purdue officials say the Academic Success Building “will evolve with the needs of experiential education, accommodate courses that would not otherwise be offered with existing space, and provide on-campus housing.”
Governor’s residence gets new $300,000 meeting space
Indiana Gov. Eric Holcomb now has a new place to meet with important business leaders, international visitors and senior staff
State Budget Committee members say details about MLS investor group not necessary
State Sen. Ryan Mishler, R-Bremen, and Rep. Greg Porter, D-Indianapolis, likened the city’s expected request to those more regularly made to the budget committee by the Indiana Economic Development Corp., which is not required to disclose much, if any, information about its dealings.
Mexican restaurant planned at new development in Fishers District
Arechiga Restaurant Group is set to open Piedra in Fishers in a 5,000-square-foot space with an outdoor patio area at The Union at Fishers District.
Indianapolis seeking more input on former Greenlawn Cemetery site
The city of Indianapolis on Wednesday announced the launch of a website to provide information and collect research for a bridge project that uses land that was once occupied by the city’s earliest cemetery.
Carmel City Council approves park impact fee hike for developers
The fee will increase 11.13% each year through 2029. Carmel already has the highest park impact fee among its peer communities in the northern suburbs of Indianapolis.
City-County Council approves mayor’s plan for new soccer stadium district
The City-County Council on Monday evening approved a major piece of the Hogsett administration’s plan to lure a Major League Soccer team to Indianapolis, advancing a proposal for a new professional sports development area intended to fund a soccer-first stadium.
Rokita: City should have submitted plan for first soccer district to state
The Hogsett administration wants to replace the original professional sports development area that the City-County Council approved last year with one that is focused near the Indianapolis Downtown Heliport. The City-County Council will vote on the second plan Monday night.
Community Health planning $335M hospital in Westfield
The 425,000-square-foot project will mark the Indianapolis-based health care system’s first hospital in Hamilton County.