Indianapolis developer picked for $120M redevelopment project
Flaherty & Collins Properties was selected by the city of Valparaiso to develop a $120 million mixed-use project at the former Anco factory site.
Development/Redevelopment
Articles
Mexican eatery to take snakebit space in Fall Creek development
Two well-regarded eateries have failed in the space since late 2016.
Family seeks to rezone 321 acres of farmland for massive residential, commercial development
A family that has owned land in Westfield since the mid-1800s has requested a rezoning for a multi-use development project that would almost rival Grand Park Sports Campus in size.
With time running out, backers of $3M downtown fund scramble for support
Downtown Indy officials say they are hopeful that they will get the petitions necessary to create an economic improvement district by a self-imposed deadline of Friday.
Hamilton County halts government and judicial center expansion
Bids for a 132,000-square-foot expansion of the government and judicial center came in about $300,000 over budget.
Hotel, apartment project will cap Speedway’s Main Street redo
Town officials in 2008 began an aggressive play to turn the world-famous oval into an economic engine that runs year-round by creating a retail and entertainment district along Main Street.
Students’ solution for Lafayette Square: ‘Tear it down, build industrial’
Leaders of a collegiate contest for real estate development elected the struggling west-side shopping center as a case study. The winning entry suggesting wiping the slate clean.
16 Tech district could help slow Indiana’s brain drain, panel says
The work-play-live district for innovation and entrepreneurship being developed on the near-northwest side will include research labs, apartments and bicycle trails—which could help to attract young workers.
Local developer plans four-story condo project on Mass Ave
Stenz Construction Corp. bought a two-story office building in the Mass Ave District and is seeking to demolish it to make way for the development.
Not-for-profit RecycleForce aims to build $10 million facility in Indianapolis
An 18-month legal battle continues to linger over RecycleForce as it attempts to begin raising money from donors to fund construction of a 105,000-square-foot building at Sherman Park.
Developer partners with Elwood on $25M residential project on golf course
A developer and the city of Elwood have broken ground on what is expected to be the largest residential development in the community of 8,500 people about 20 miles northeast of Noblesville.
Local office, industrial markets continue hot streaks in first quarter
Vacancy rates in both sectors continued to shrink in the first quarter as office and industrial tenants consumed more leased space.
Simon Property shares rise on better-than-expected earnings report
Shopping center giant Simon Property Group Inc. on Friday reported a strong first quarter that exceeded analyst predictions.
Fishers Imports to add dealership near Zionsville
The luxury, pre-owned car dealer says the new location will create more than 30 jobs and include a full service-and-parts department.
First phase of Infosys’ $245M airport campus will be $35M training center
The ultimate project, to be developed in phases over the next several years, is expected to be a $245 million, 141-acre complex with 786,000 square feet of facilities.
Before landing Infosys, airport authority passed on several proposals
The Indianapolis Airport Authority reviewed some big proposals for the 125-acre site from industrial developers and others, but instead waited for a true economic development deal that could help transform the city’s west side.
Developer plans 81 town houses, retail for Noblesville
KennMar LLC has filed plans with the city of Noblesville to develop 23 acres at the southeast corner of Hazel Dell Road and State Road 32.
Hogsett explores shopping City-County Building, other downtown properties
Indianapolis officials have triggered a wide-scale review of the need for big municipal buildings downtown. Real estate executives are intrigued by the 28-story City-County Building’s potential for private redevelopment.
Ground broken for $24M mixed-use development on Lafayette Road
The real estate project at 3500 Lafayette Road, called the Pyramids at 35 Hundred, is expected to feature 130 independent-living units for seniors and 15,000 square feet of commercial space.
Integrating criminal justice center is key to lifting Twin Aire neighborhood
Ensuring the $572 million criminal justice center connects with the surrounding neighborhood and doesn’t sit isolated presents a big challenge for project planners and community leaders.