Bank, restaurant vacating downtown tower as work gears up for new hotel
The street-level retail tenants in One North Penn are preparing to either relocate or close for good as the office building’s transformation gets under way.
Development/Redevelopment
Articles
Shore Acres apartment complex by Broad Ripple set to expand
The owner of the long-standing project on the Monon Trail has a deal in place to take acreage next door for more units as apartment development heats up in the heart of Broad Ripple.
Westfield council OKs rezoning for massive project near Grand Park
Before approving the proposal with a contingency, Westfield council members debated the rezoning of 321 acres near Grand Park for a project that includes a new YMCA facility.
Apartment developer Milhaus buys former Harrison College property for $6.3M
The developer says it had agreed to let the college continue to operate on the site for three years before the surprise news last week that it was shutting its doors for good.
UPDATE: Developer lands first office tenant for Bottleworks project
An Indianapolis-based company that launches tech firms said Thursday it would move its office from the 14th floor of the historic Circle Tower on Monument Circle to the Bottleworks District in summer 2020.
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.
Developer plans $11M apartment project on city’s east side
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.
Art house cinema/restaurant project now calls for demolition of 1924 church
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.
Indianapolis developer plans to move headquarters to Carmel
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.
Greenwood approves incentives for potential $80M Amazon project
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.
Council panel OKs $16.7M in financing for $141M in Keystone Realty projects
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.
Posh Intercontinental Hotel part of $141M redevelopment plan for two downtown buildings
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.
Whitestown acquires property along Interstate 65 for Little League HQ
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.
Penrose project to fill Mass Ave retail gap
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.
Builder proposes moderately priced housing project for Westfield
Indiana-based Olthof Homes has filed plans to build 430 new homes in Westfield, including townhouses that would start at $150,000.
Once a downtown pioneer, developer Keller returns to residential game
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.
$24M Noblesville project aims to lift downtown without losing charm
Noblesville leaders say building a mixed-use development in their historic downtown allows them to make history while also preserving it.
Big seniors-only apartment complex slated for north-side neighborhood
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.
EPA begins cleanup of toxic south-side commercial property
The city-owned site on South Tibbs Avenue served as an oil-collection, storage and transfer facility for decades before being abandoned in 1993.
Developers say Stringtown near downtown could become hot spot
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.