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.
Development/Redevelopment
Articles
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.
Greenwood preparing to pay $1M for vacant strip center
City officials want to demolish an aging and vacant retail property adjacent to Greenwood Park Mall to possibly make way for a park, since the property now sits in a floodplain and likely cannot be redeveloped.
Entrepreneur a master of ‘creative renovation’
Tom Battista’s latest project is The Idle, a work-in-progress micro park between Fletcher Place and Fountain Square where visitors can contemplate downtown highway traffic.
Former GM site provides bounty of opportunity for developer
Ambrose Property Group is proposing a massive $550 million mixed-use project that would transform downtown’s western edge from afterthought to urban gem.
Officials taking next step in formulating White River development plan
The City of Indianapolis and Hamilton County Tourism are asking interested development teams to submit their credentials for the project.
Merrillville’s Star Plaza Theatre once again awaiting wrecking ball
White Lodging announced last August that it would tear down the Star Plaza Theatre in Merrillville, only to temporarily drop those plans in November following a public outcry.
City set to solicit new ideas from developers for Old City Hall property
The city of Indianapolis is going back to the drawing board in its quest to redevelop Old City Hall after a proposal to turn the historic downtown property into a 21c hotel fell apart.
Hancock County leaders sketch out, crunch scenarios on key corridor
A six-month-long study of development scenarios along a 10-mile stretch of Mount Comfort Road is feeding local leaders with data on potential projects and helping guide land-use decisions.
City to consider $15.2M in bonds for downtown projects
The bonds would help finance development of a hotel complex on the site of Indianapolis’ oldest African-American church, as well as a five-story apartment and retail project near the base of Massachusetts Avenue.
Indy Fuel owners, developer propose $40M sports, entertainment complex
The owners of the Indy Fuel professional hockey team and Indianapolis-based developer Gershman Partners announced plans Monday to team up on a $40 million-plus sports, family entertainment and hospitality complex on 60 acres along Interstate 65 in Greenwood.
Fishers church’s development plan scores early approvals
I-Town Church has moved a step forward in its controversial plan to build a house of worship at the busy intersection of 126th Street and Brooks School Road in Fishers.
Monsanto planning $29M seed facility in Greenwood
The company said it plans to lease a new 140,000-square-foot building in Southtech Business Park where it will process, package and distribute corn, soybean and cotton seed for field testing.
Knowledge Services plans $17M Fishers HQ, 400 additional jobs
The company, now headquartered in Castleton, plans to build an 80,000-square-foot office building on USA Parkway, to the north of 106th Street, along the busy Interstate 69 corridor, it announced Tuesday afternoon.
New use hoped for polluted area parts plant
The site in Noblesville has gone unused since Bridgestone Firestone closed its 300-worker air-spring manufacturing plant in 2009.
Running shoe retailer considers relocating distribution center to Whitestown
Seattle-based running gear retailer Brooks Sports Inc. is considering opening a major distribution warehouse in Whitestown that could generate more than 100 new jobs.
Developer plans $30M residential development in heart of Fishers
A planned residential real estate development project in the heart of Fishers has been expanded from eight to 60 single-family homes.