UPDATE: Circle Centre anchor Carson’s commits to 5-year lease extension
The department store’s lease had been due to expire next January. If it had pulled out, the downtown mall would have been left with no anchors.
Development/Redevelopment
Articles
City lands $55M in federal tax credits for economic development projects
Mayor Joe Hogsett said the award of the New Markets Tax Credits will provide gap financing for "developments designed to jump-start economic development, create jobs in at-risk areas and revitalize distressed neighborhoods.”
Carmel’s redevelopment strategy paying off, IU study says
The city of Carmel’s huge investment of public dollars into its central core has paid off when it comes to generating economic activity, jobs and additional investment in the area, according to a new study by the IU Public Policy Institute.
City unveils plans for City-County Building plaza revamp
The latest design plan, from Rundell Ernstberger Associates, is ready more than two years after a more expensive version was selected and ultimately scrapped due to its cost.
City’s vision would relink GM property to downtown
An iconic architectural landmark that would create a gateway to downtown is one of several features city officials want as part of a redevelopment of the former General Motors stamping plant site.
Whitestown sees spike in single-family home permits
The Boone County town has a population about a quarter the size of neighbor Zionsville, but new single-family housing permits filed for Whitestown have outpaced Zionsville’s since 2014.
Community Health demolishing, rebuilding East hospital
The wrecking ball is busy at Community Hospital East, knocking down one building after another, as workers ready the site for a brand-new, $175 million hospital.
Chicago-area developer jumps into Indianapolis market
Molto Properties has purchased 47 acres in the AmeriPlex business park and plans to construct a 620,000-square-foot industrial building before landing a tenant.
Neighbors sue to block $23M College Avenue development
Three Meridian-Kessler residents have asked a judge to review whether the city’s Metropolitan Development Commission properly granted two zoning variances for the apartment-and-retail project.
Greenwood pays $1M for downtown middle school property
The city bought the 19-acre site that officials think will be a big draw for further development in the area.
‘Perfect recipe’ leads to Fishers food-centric development
The culinary-centric development proposed in Fishers is an unusual concept for the northern suburb, but it’s an idea experts say just needed the right recipe.
Developer embarking on three downtown for-sale housing projects
Onyx + East is planning a mix of condo flats, townhouses and row houses at the three locations, two of which should see construction activity within a few months.
Long-discussed Penrose on Mass project clears major hurdle
The development partnership for the project has acquired a half-block site and will begin demolition of a former fire station and headquarters in early January.
Contest seeks downtown home design at affordable price
Downtown Indy has launched IN_fill, Designed to the Core, calling on Indiana architects to design a single-family home that can be built on an urban lot for $225,000.
GM stamping plant site going back on block
The owner of the former General Motors stamping plant property plans to solicit bids for the site as early as next month and is expecting proposals to be much bolder than previous pitches.
2016 TOP STORIES: Development boom hits Carmel, Westfield
Massive real estate developments continued to roll into Hamilton County in 2016, especially in Carmel and Westfield.
Officials want $150K loan tied to Muncie project paid back
The $150,000 loan to a businessman was made more than three years ago as part of an effort to redevelop a Muncie building and create jobs.
Historic Fountain Square saloon, adjacent property listed for $1.2M
The building on Prospect Street was constructed in 1872 and operated as a bar for more than a century. The area is quickly picking up momentum as development extends west from Fountain Square’s core.
Fishers City Council approves agreement for culinary development
The Yard, a 17-acre development by Thompson Thrift Retail Group, would replace the existing Springdale Estates neighborhood on the southeast corner of 116th Street and Ikea Way, just east of Interstate 69.
Historic Martinsville buildings part of $8.4M senior-housing project
A redevelopment of the three buildings, led by Flaherty & Collins, will make way for 38 apartment units for residents 55 and older. The project pays homage to Martinville’s history as a mineral-springs hotbed.