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.
Development/Redevelopment
Articles
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.
Mass Ave project could aid revival of corridor cut off by interstates
A redevelopment of the prized IPS property along College and Massachusetts avenues would add more housing and retail options along the bustling corridor and push activity farther east.
City seeks to lead redevelopment of downtown IPS site
The Hogsett administration is in discussions with school administrators to take over decision-making on the 11-acre Massachusetts Avenue property and might even buy the site.
Development could be Broad Ripple’s tallest yet
A large mixed-use project proposed for Broad Ripple would rise even above the development under construction on College Avenue that stirred strong opposition among some residents.
Andy Mohr buying airport land for 17-acre dealership
Andy Mohr Automotive Group has agreed to pay about $1.3 million to buy 17.6 acres of land from the Indianapolis Airport Authority at Interstate 465 and West Washington Street for a new dealership.
Couple revisits long fight against interstate expansion
After more than a decade of fighting Interstate 69 and then watching it plow through their land anyway, a south-side Indianapolis couple thought they were done.
City Center to see blitz of projects this summer
After years with little construction activity at City Center in Carmel, four projects are expected to break ground this year that will bring more parking, housing and retail to the city’s core.
Developer plans $5.6M revamp, expansion of 16th Street apartments
Axia Urban has purchased the former Bon Air Apartments, between Meridian and Illinois streets, and is set to renovate the three structures, as well as build another.
IPS board chief recuses herself from Mass Ave land sale
To avoid appearances of a conflict of interest, Mary Ann Sullivan has removed herself from the bid process because of her husband’s ties to the two Milhaus bids.