New owner of downtown office towers plans $5M in upgrades
Mission Peak Capital sees a big upside in spiffing up the buildings near Cummins’ new office project and a planned 28-story apartment building.
Development/Redevelopment
Articles
Developers of $50M Mass Ave project drop billboard from design
Plans for a controversial three-story “digital canvas” have been dropped from the Mass Ave development’s design. Developers also replaced the Montage on Mass name with a different one.
Lafayette plans to replace 76-year-old baseball stadium
The city has signed an initial agreement to have Indianapolis-based American Structurepoint design a new stadium expected to cost about $10 million.
More buildings set to fall on IUPUI campus
The planned demolitions of the old IUPUI Psychiatric Research Building and the Wishard Helipad site are the next projects sparked by the land swap between IUPUI and Eskenazi Health’s parent.
Speedway pivots development focus to western border
Two developments totaling $50 million are in the works on the western edge of Speedway as officials look to create a gateway into the town from Crawfordsville Road.
Firm redeveloping ex-Coca-Cola plant faces daunting preservation challenges
A specialist in terra cotta will assess the integrity of the structures and suggest options that could range from on-site reinforcement and preservation to off-site storage and eventual reconstruction.
Zionsville rejects proposed $30M downtown mixed-use project
The potential development, known as 200 West, would have included a mix of single-family homes, multifamily housing and a commercial section on a 4.3-acre property to the west of Sycamore and Main streets.
Country club land along White River to be preserved in $2.7M deal
Club directors chose to sell 12.5 acres to the Central Indiana Land Trust after considering an offer from a local developer who wanted to build homes on the property.
UPDATE: Builder, trade groups sue Greenwood over new design standards
An Indianapolis-based home builder and two trade associations have filed a lawsuit against Greenwood, claiming the city has adopted architectural standards on new houses that will drive up prices so significantly that the costs would preclude home ownership for thousands of residents.
Ex-GM site attracting ‘intense’ interest
The entity marketing the former General Motors stamping plant site is putting the property back on the market after plans for an outdoor concert venue on about half the 102 acres fell through.
Hamilton County feuding imperils projects
A flurry of capital projects totaling more than $100 million is proposed for Hamilton County over the next several years, but tension between the executive and fiscal bodies might delay some of them.
Feeling nudge from Fishers, Fortville aims to attract more businesses
Fortville in Hancock County has been a sleepy, one-stoplight town for years. But officials suspect that’s about to change, based on Fishers’ swelling population, and are preparing accordingly.
The Lazzaras up ante in downtown Carmel after early bets on mayor’s vision pay off
Four of the family’s five local businesses operate out of downtown Carmel—and Chuck Lazzara and his son are pursuing a $20 million mixed-use development called Monon & Main.
Plan for downtown concert venue on old GM plant site called off
REI Investments, the Carmel-based developer who had been under contract to redevelop about half of the site into a $30 million concert venue, has mutually agreed with owner RACER Trust to terminate the plan.
Zionsville loses 10-year-long Wal-Mart showdown
A decade-long struggle by Zionsville to keep a big-box retailer outside the town’s boundaries might be coming to an end, with the Boone County town on the losing end of the battle.
School to spend millions to rehab nautically themed armory
One of Indianapolis’ most unique historic structures, a naval armory vacant since early last year, soon will be bustling again—this time with high school students.
Proposed $20M Carmel development includes steakhouse, town homes
Chuck Lazzara, who owns the Ritz Charles with his wife, has revealed plans for Monon and Main, a mixed-use project on the southwest corner of Main Street and the Monon Trail.
Missouri company considers $32 million facility in Indiana
A Missouri development company is considering building a $32 million distribution center in northeast Indiana—its latest big development in the Hoosier state.
Progress stalled on proposed downtown concert venue
Progress on redeveloping part of the old General Motors stamping plant land into a downtown concert venue appears to have hit a stumbling block over financing, an official for the RACER Trust told Indianapolis City-County Council members Monday.
Purdue, Browning partnering on $1.2 billion project
The area, called the Purdue Innovation District, will be developed by the Purdue Research Foundation and Indianapolis-based Browning Investments. Plans call for up to 7 million square feet of new developments.