Key 38th Street corridor poised for renewal
A prominent Indianapolis developer is pursuing two projects totaling $32 million that would bring a grocery and 200 apartments to a neglected stretch near 38th and Meridian streets.
Development/Redevelopment
Articles
Future of high-profile Zionsville property thrust into uncertainty
Pittman Partners LLC had proposed a $90 million, mixed-use project known as The Farm near the southwest corner of U.S. 421 and Sycamore Street. It recently withdrew from the project, and a new developer is being sought.
Pittman Partners drops plans to develop $90M Zionsville project
The decision by Pittman Partners principal Steve Pittman is the latest sign of strife among siblings of Dr. John Pittman, a Carmel developer who died in 2014. Another sibling, Mark Pittman, now is leading efforts to line up an alternative developer.
IPS board approves Hendricks’ $260M bid to redevelop Mass Ave site
The board followed an outside committee’s recommendation to accept Hendricks’ proposal to redevelop the land at College and Massachusetts avenues. The vote was not without debate, however.
Children’s Museum proposes $10M-plus outdoor sports-related attraction
The Indianapolis institution is in the beginning stages of planning its Sports Legend Experience on 10 acres to the north of the museum. The attraction would include several sports-related activities.
Review panel picks Hendricks’ $260M proposal for IPS property
A committee tasked with recommending a bid to redevelop the Indianapolis Public Schools property at Massachusetts and College avenues announced its selection of the Wisconsin-based developer Tuesday evening.
Jonathan Byrd’s diversifies, moves north
Jonathan Byrd’s has for years been quietly expanding beyond its successful restaurant and catering company in Greenwood. Now, it is shifting most of its attention to Hamilton County.
Kite seeking zoning change for $15M-plus Carmel project
Kite Realty Group Trust is planning to turn the retail center on the southwest corner of 116th Street and Rangeline Road in Carmel “inside out.”
IUPUI student housing building spree to test demand
Four apartment projects totaling more than 1,000 units are either under construction or in the works near IUPUI, as developers capitalize on the university’s transition to a residential campus.
Mainstreet Health to seek $95M in Canadian share offering
Mainstreet Health Investments Inc. is headquartered in Toronto but controlled by Carmel-based real estate developer Mainstreet Property Group.
Pittman family properties in $2.4M estate could be auctioned
Heart surgeon John Pittman’s offspring have been feuding in court since September about how to handle real estate in Carmel and Zionsville.
Developer wants $5M from city for Anderson Wigwam overhaul
Leaders of Indianapolis-based BWI told the Anderson Redevelopment Commission that the money is needed to secure an additional $6 million by selling tax credits to investors.
Speedway spends $92 million on seating, screens, elevators
This month, the Indianapolis Motor Speedway completed one of the three largest renovations in its 107-year history.
Feud pits Highland Country Club against neighbors
Homeowners who live just south of the golf club’s southern border fret about the future of the White River bluffs if Highland proceeds with controversial plans to sell 20 acres for residential development.
Fishers plans to get pickier about development along I-69
Mayor Scott Fadness announced Thursday that he would introduce two ordinances next week that would give the city more oversight of any new project near the 116th and 106th Street interchanges of I-69, regardless of whether it meets existing zoning standards.
More filling: Craft brew craze adds body to real estate market
A study from CBRE says that by summer more than 50 microbreweries will be operating in the Indianapolis area and occupying space that otherwise might have remained vacant.
Developer Alig avoids prison time with plea deal
Prominent Indianapolis developer Cornelius “Lee” Alig, who pleaded guilty to one count of theft and one count of securities fraud, received a four-year suspended sentence Monday morning and was ordered to repay victims $321,000.
Mainstreet Property sues state over nursing-home building ban
Carmel-based Mainstreet Property Group is suing the Indiana State Department of Health in a legal challenge to the state’s new moratorium on nursing homes and transitional care properties.
Development in Zionsville tests town’s ‘picky’ ways
A proposed Zionsville development that could bring more single-family homes, apartments and retail to the community’s downtown is wading through the town’s challenging rezoning process.
Indiana Landmarks adds two Indy sites to endangered list
The Ford Motor Co. Assembly Branch and the Southside Turnverein Hall, both in Indianapolis, are newcomers to the list, joining the Rivoli Theatre.