$135M CityWay expansion stokes apartment boom
Construction on the second phase of CityWay is expected to begin in early June, further transforming downtown by adding 400 more rentals to the already booming apartment market.
Development/Redevelopment
Articles
Developer proposes $50M shopping center in Whitestown
The Shoppes at Whitestown would be located on 33 acres within the Anson development with room for about 20 retailers and seven outlots. It could open by fall 2018.
Hope floats: North-side plumbing firm rehabbing building for HQ move
Hope Plumbing expects to sink $1 million into the project about a block from its current home to accommodate its growth. It’s seeking a tax abatement from the city to help offset costs.
MJ Insurance moving headquarters to Carmel next year
One of the area’s largest insurance agencies announced Monday that it plans to move its corporate headquarters from the northeast side of Indianapolis to Carmel next year.
UIndy president makes headway on plan to lift neighborhood
Robert Manuel has become highly educated in real estate development since arriving almost five years ago as president of the University of Indianapolis.
Running low on funds, Vonnegut museum seeks speedy outcome to legal fight
The museum devoted to the late local novelist says its lease dispute with a building owner on Massachusetts Avenue threatens the survival of the not-for-profit.
Indianapolis furniture manufacturer relocating to Whitestown
Facility Concepts Inc., one the country’s largest commercial furniture makers, plans to move its headquarters and 117 jobs to a $10 million development in AllPoints at Anson by Duke Realty and Browning Investments.
Exterior of downtown bank headquarters getting major overhaul
The National Bank of Indianapolis is set to begin upgrading the facade of its flagship location at Pennsylvania and Market streets—the first improvement to the building's outside in more than 40 years.
Browning seeks to develop massive office park in North Meridian corridor
The Indianapolis-based firm has filed plans for a 14-building project in Carmel with nearly 1 million square feet of office space, plus retail, restaurants and a dual-branded hotel.
Local developer buys downtown’s One North Penn building
Loftus Robinson acquired the 16-story office tower from a Florida firm and plans to embark on a facade renovation to restore its historic character.
City reaps $1.2M from Conrad hotel investment
Here’s a little-known fact: The city of Indianapolis has an ownership stake in two of downtown’s most luxurious hotels and has received nearly $1.2 million so far from one of the investments.
Art education fundraising firm crafting $4M office at Fort Ben site
The local company considered buying its current home before hitting the drawing board and launching plans to build its own space.
City gives up on stalled 21c hotel, will seek new proposals
City officials are scrapping plans to help finance construction of a long-awaited 21c hotel proposed as part of a $55 million redevelopment of Old City Hall and are putting the property back up for bid.
Airport enters development agreement with Holladay Properties
Holladay Properties is expected to find development opportunities for 266 acres of unused airport land just south of West Washington Street.
Developer gets feedback on $260M Bottleworks project from city planners
Hendricks Commercial Properties has scaled back some of the plans for the massive mixed-use development at College and Massachusetts avenues, at the site of a former Coca-Cola bottling plant.
Big Car launches affordable home-ownership program for artists
Approved artists would co-own the renovated homes in the Garfield Park neighborhood and only pay half the cost of the property.
Westfield approves rezoning for Grand Millennium Center
The Grand Millennium Center, proposed by EdgeRock Development LLC, is expected to include a civic center, YMCA, aquatics center and health care facility, convention center and at least one hotel with possibly 500 rooms.
VA delays plan for Crown Hill amid growing opposition
The decision comes amid growing opposition to the 15-acre national cemetery project, which opponents say endangers old-growth forest on the northern border of Crown Hill.
Mayor calls on VA to halt Crown Hill cemetery project
Indianapolis Mayor Joe Hogsett on Wednesday said his “dream” would be for the Crown Hill North Woods to become part of the city’s park system.
Debut of $37M Coil to kick off Broad Ripple apartment flurry
The village is expected to add as many as 500 rental units in the next year or so. Businesses hope they’ll boost daytime traffic in the area traditionally known for its nightlife.