Developer Alig to plead guilty to 2 felonies, pay restitution
Cornelius “Lee” Alig has agreed to plead guilty to two of 20 felony counts and pay restitution of $321,000.
Development/Redevelopment
Articles
Hamilton County officials leery of new homes with lower price points
If homes don’t have a high enough price tag, a municipality could end up losing money. That’s because, under the state’s property tax caps, lower assessed values might not generate enough tax to cover the cost of city services.
Mass Ave industrial corridor poised for cleanup
An effort is underway to bring new life to a beaten-down stretch of Massachusetts Avenue just outside downtown that's filled with obsolete industrial buildings.
Q&A: Scott Harris, outgoing Speedway redevelopment guru
The outgoing executive director of the Speedway Redevelopment Commission waxes on the progress the town has made remaking its Main Street.
Fishers aims to revitalize aging Allisonville Road corridor
City officials say they recognize the need to revitalize Allisonville Road, and the area is a priority as the city creates a framework for the future through its comprehensive plan, which looks as far ahead as 2040.
Rezoning for $17M north-side senior facility moves forward
The Metropolitan Development Commission voted 6-2 in favor of Stonecrest Senior Living’s request to rezone 4.8 acres of wooded wetlands at the southeast corner of 86th and North Meridian streets.
$8.5M apartment project could help revive near-west side
The Westside Community Development Corp. is proposing to develop the 56-unit affordable housing project along Michigan Street as part of a larger effort to rejuvenate the area.
Zionsville panel OKs rezoning plan for new town hall
The Zionsville Plan Commission approved a rezoning request Monday night that paves the way for a new municipal building and commercial development on the 6.85-acre site that is occupied by the current town hall.
CIB signs pact for $50 million Pacers practice facility
The five-story, 130,000-square-foot St. Vincent Center will be built downtown across the street from Bankers Life Fieldhouse.
City-County Council gives go-ahead to 16 Tech bonds
The City-County Council voted unanimously Monday night to approve $75 million in bonds for infrastructure improvements that should allow development of the 16 Tech innovation district to move forward.
Mainstreet engineers reverse takeover of public Canadian firm
Carmel-based Mainstreet has engineered a $302.5 million reverse takeover of a Canadian long-term care company that will once again give Mainstreet a publicly traded investment firm to help finance its development projects.
From humble start, developer expands to 30 hotels
Since arriving in Indianapolis in 1989—to buy a Days Inn on the city’s south side—Bharat Patel has grown his portfolio to nearly 30 properties stretching from California to New Jersey.
Developer plans $110 million second phase of CityWay
The development plan by Buckingham Cos. consists of seven more buildings—including a nine-story tower—that will contain 450 apartments and 19,500 square feet of retail or office space. A parking garage also would be built.
Design of $50M Mass Ave apartment project wins approval
The Indianapolis Historic Preservation Commission on Wednesday evening approved the design of the five-story Montage on Mass apartment and retail project, but the building’s controversial electronic-mesh art display likely won’t be considered until next year.
Projects progressing along stretch of East 16th
Plans call for apartments, another restaurant from the owners of Tinker Street, and even a microbrewery or distillery.
Westfield selects Jonathan Byrd’s to operate Grand Park hotel
According to plans, the 180-room hotel will be on 5.26 acres of city-owned property immediately to the west of the future indoor soccer facility on 191st Street.
$60M mixed-use project planned for Rangeline
The ex-Party Time Rental warehouse has been an eyesore for years, but Carmel officials finally seem ready to OK a plan to transform the 6.5-acre site.
Indiana Landmarks finds buyer for Glossbrenner Mansion
A local holding company plans to spend $400,000 to refurbish the historic home on North Meridian Street for office space.
City billboard suit spooks Montage on Mass developers
A federal suit filed by a local billboard firm claiming a recent U.S. Supreme Court decision makes the city’s sign ordinance unconstitutional has pushed discussion of another project’s electronic-mesh art display to next year.
Rising occupancies spur downtown-hotel building boom
Hotel developers emboldened by downtown’s escalating occupancy rate are poised to bring about 800 more rooms to the market.