URBAN DESIGN: IHPC offers lessons for smart development
The work of the Indianapolis Historic Preservation Commission leads to higher property values and people-focused development.
Development/Redevelopment
Articles
Ford plant redevelopment may get even bigger
TWG’s plans for the near-east side could extend beyond the century-old Ford plant to include the adjacent building to the east that houses Ivy Tech Community College’s automotive program.
Proposed Carmel hotel raises questions about risk, private sector
Hotels in Carmel could soon have an unexpected competitor—the city itself.
Entrepreneurs plan to renovate historic Anderson theater
Past attempts to salvage the State Theatre focused on restoring it as a historical venue, but the new operators say the site needs to offer something different. One of their inspirations is The Vogue in Indianapolis.
Developer revives proposal for massive Fishers sports complex
The Fishers Sports Pavilion project was first introduced in April 2015, but construction never started. Now, a modified proposal with a $75 million price tag is heading to Fishers officials for consideration.
UPDATE: Judge orders Carmel to halt work on 96th Street roundabout project
The city of Carmel has been ordered by a Boone County judge to cease any work on its proposed 96th Street roundabout project, which is the subject of an ongoing land dispute with Indianapolis.
Noblesville considers building $14M police headquarters
The 40,000-square-foot building would be constructed on a vacant 24-acre remediated property commonly known as the Firestone site, south of Division Street near 18th Street.
Five Seasons sports club in Carmel to close in September
Company officials say the closure will be permanent and cost 84 employees their jobs. The decision comes a year after the owner of the club filed a request to rezone the property to allow for possible redevelopment.
Developer of $37M downtown apartment project seeks new construction schedule
Investment Property Advisors needs the adjustment to still qualify for a property-tax abatement tied to a second phase to its 9 on Canal apartment project.
Northeast-side apartment complex fetches $30.2 million
A Nashville, Tennessee-based company has acquired the 398-unit complex in Castleton and plans to invest $4.7 million in the property.
Fort Harrison officials finish $3 million street extension
The Fort Harrison Reuse Authority on Monday opened a $3 million expansion of Otis Avenue that officials hope will attract more development to the former Fort Benjamin Harrison military base.
Aging Anderson apartment complex getting new life
The Delaware Court Apartments in Anderson, which opened in 1926 and have been vacant since 2013, are being renovated.
Developer wants land in Greenwood zoned industrial
The 350 acres is mostly farmland but does include about a dozen homes.
City preservation officials sign off on $260M Bottleworks project
After months of discussions, the Indianapolis Historic Preservation Commission on Wednesday approved the design of a massive development that could transform the northeast end of Massachusetts Avenue.
Duke Realty moving up to S&P 500 stock index
S&P Dow Jones Indices on Wednesday said the Indianapolis-based real estate investment trust would be moved from the S&P MidCap 400 index to the S&P 500 index starting July 26.
Carmel’s proposed City Center hotel expected to cost $38 million
The proposed high-end hotel at Carmel’s City Center would be partially owned by the city, which would use bonds to finance it.
Apartments, grocery proposed in $32M renewal effort on key stretch of 38th Street
Plans are taking shape to revamp dilapidated and underdeveloped properties in the Maple Crossing area, north of 38th at Illinois and Meridian streets.
Walmart selling Zionsville site for $7.5M despite winning court fight
After battling the town of Zionsville for more than 10 years, Walmart has decided it won’t build a store on Michigan Road after all.
Dermatology practice planning $7.2M Castleton headquarters
Dawes Fretzin Dermatology Group LLC has received preliminary approval for tax breaks from the city of Indianapolis to help it pay for a 30,000-square-foot free-standing facility near the Lowe’s Home Improvement store in Castleton.
Prison’s closure puts near-east-side block into play
The planned closing of a state prison on the near-east side will put into play an entire city block just minutes from downtown that could be ripe for residential development.