Carmel turning blighted industrial area into sizzling mixed-use corridor
Redevelopment projects are dramatically reshaping several blocks along the Monon Trail in Carmel—and an end to construction isn’t in sight for the Midtown area.
Development/Redevelopment
Articles
Old Southside targeted for $4M city investment through Lift Indy program
The funds are expected to help the neighborhood and its partners invest in upgrades to the area’s local park and improve the infrastructure of South Meridian Street, as well as build several hundred new units of affordable housing.
Developer to revamp 50-year-old, south-side apartment complex
Birge & Held plans to rehabilitate the 304-unit community and target low- and moderate-income renters, who face a shortage of affordable housing.
Developer pulls trigger on $50M logistics project near I-65
The new owner of the site is bullish enough on the Indianapolis market to start development of the 1 million-square-foot building without having a user signed for the space.
Developer plans 146-unit apartment project in heart of Broad Ripple
A developer is seeking zoning changes and development variances from the city that would allow it to build a high-density, five-story apartment complex on a half-block near the Vogue nightclub.
Think tank Sagamore Institute promotes ‘impact investing’
Commonwealth Indiana aims to create both economic and social returns for investors.
Recycling company plans $6.5M warehouse redevelopment in Irvington
A Quincy, Illinois-based company has acquired a warehouse on the east side of Indianapolis and plans to transform it into an 81,000-square-foot recycling facility.
Airport board approves $21.4M land sale for Infosys campus
The airport will sell 132 acres to the city of Indianapolis in phases over the next several years. In turn, the city will sell the property to Infosys for pennies so it can create a $245 million training campus.
Songbook Foundation to sell 107-acre Asherwood estate in Carmel
The Great American Songbook Foundation received the massive property earlier this year as a gift from Bren Simon, the widow of late shopping mall magnate Melvin Simon.
URBAN DESIGN: Parking has outsized influence on downtown’s built environment
Do we want to be known as a lively urban place … or a place for parking?
IBJ Podcast: Developing a downtown neighborhood from scratch
Ambrose President Aasif Bade is mum about Amazon but explain the new name for the project, when site preparation could begin and why the riverfront is so important to the project.
Developer ready to pull trigger on massive redevelopment of GM site
Ambrose Property Group's mixed-use development, to be known as Waterside, is expected to cost $1.4 billion, more than double the firm's original estimate of $550 million.
Justices won’t hear Indy historic district construction appeal
The Indiana Supreme Court denied an appeal from eight members of the Lockerbie Glove Factory Town Home Owners Association who are challenging a construction project in a downtown Indianapolis historic district.
Precedent Office Park getting new name, $6M-plus in amenity upgrades
The new owners of Precedent Office Park—a landmark business park on the north side of Indianapolis—are planning several amenity upgrades that take advantage of the property’s 38-acre lake.
Westfield approves $15M downtown road project with INDOT
The Westfield City Council on Monday night approved an agreement with the Indiana Department of Transportation on a construction project that is expected to transform the city’s downtown.
Hotel developer plans $356M project at busy Indiana interchange
White Lodging announced Tuesday that 40 acres would be redeveloped to include an event center, hotels, restaurants, an office building and housing.
Carmel to buy shopping center near City Center for $15M
The Carmel Redevelopment Commission has an agreement in place to purchase the shopping center, a deal that will allow the city to raze the existing building and develop another project.
Big gymnasium in downtown corporate campus to be demolished
The owner of the 40,000-square-foot gym says upgrading the facility would cost tens of millions of dollars, and that the cost to maintain it is greater than the property’s value.
Justice center move will bring changes to 2 neighborhoods
City officials and business are already considering how Market East Cultural District and the neighborhood of Twin Aire will change when courts-related public employees move in 2022.
Whitestown makes big bet on site of former junkyard
Where scrap once heaped along Interstate 65, town officials see a community center, sports facilities, an amphitheater and maybe even a convention center.