Kite to add housing at Rangeline and 116th
Kite Realty Group Trust is preparing to replace one of its struggling Carmel retail strips with a mixed-use development, but the firm has released few details about the project.
Development/Redevelopment
Articles
Well-funded real estate newcomer turning heads
Out-of-state developer Hendricks Commercial Properties hopes to make a bold statement in Indianapolis with its $260 million pitch for a mixed-use project on a highly coveted piece of downtown land.
City to face another hard-to-fill shuttered factory
The only memories of thousands of long-gone manufacturing jobs are the giant, vacant factories left behind when companies bolt—after consolidation, restructuring or in search of cheaper labor.
Hamilton County misses housing credits, jeopardizing 2 projects
The Indiana Housing and Community Development Authority picked 18 recipients to get $14.3 million in highly competitive low-income housing tax credits. Two Indianapolis-area projects were awarded funding out of 54 applications.
Airport delays vote on $500 million medical complex proposal
A vote on a proposal to build a $500 million medical complex at Indianapolis International Airport has been delayed so the board can take another look at the plan. The delay was announced after an IBJ story raised questions about the track record of the executive behind the plan.
CEO behind $500M airport proposal has mixed track record
The top executive at an Indianapolis start-up that wants to build a $500 million medical complex at the Indianapolis International Airport launched a 200-location Dunkin' Donuts business that went bankrupt in 2009 and he filed for personal bankruptcy in 2013.
Tim Hortons targets Indianapolis as part of expansion plan
Coffee and doughnut chain Tim Hortons, a cult favorite in its Canadian homeland, is counting on Indianapolis as it makes a bigger push into the United States.
Milhaus touts tech-focused offices, 450 residential units for Mass Ave site
High-profile startup High Alpha is helping Milhaus Development identify potential anchor tenants for the office portion of its proposed 825,000-square-foot project along downtown’s Massachusetts Avenue.
Muncie seeking developer for $48M riverfront project
The city of Muncie has released details of what it wants developers to build as part of a $48 million plan to develop its riverfront.
Developer plans $25M hotel, conference center in Plainfield
A local hotel developer plans to build the 175-room Embassy Suites near the town’s Interstate 70 interchange and Indianapolis International Airport.
Apartment boom starts losing steam
Thousands of apartments have been built downtown in recent years to satisfy a voracious appetite for more rental housing in the city’s core. But demand for new apartments in the Indianapolis area finally appears to be softening.
Westfield hears landowner group’s conservation proposal
A citizen-led task force is trying to protect more than 3,000 acres in the southwest corner of Westfield from future high-density development.
Carmel plans changes to pave way for development
Officials are laying the groundwork to change the historic status of hundreds of buildings, eliminate industrial use from certain areas, and allow new buildings to tower as high as 75 feet.
Judge rules on residents’ challenge to $10M Ransom Place project
The three residents of the historic downtown neighborhood objected to the apartment project, claiming it was too big and suggesting race might have played a role in its approval. A Marion Superior Court judge disagreed.
Noblesville’s Grace Church buys Nora building for expansion
The church, which already is building a second home in Fishers, has bought an office building on Westfield Boulevard and plans to launch services at the site.
Pittman family estate dispute entangles real-estate projects
A family dispute over the estate of a well-known heart surgeon and developer in Carmel could delay progress on multiple mixed-use real estate projects in Hamilton and Boone counties.
Key lawmaker wants state to buy GM site for green space
Senate Appropriations Chairman Luke Kenley, R-Noblesville, wants the state to buy the 102-acre General Motors stamping plant site on the western edge of downtown and turn it into an expansion of White River State Park.
Zionsville’s first-ever elected mayor outlines priorities
Tim Haak left his job in economic development to take on the new full-time position, even though it might not last. Now on his plate: Creekside Corporate Park, traffic reconfiguration and the planned $10 million town hall.
Fishers council OKs plans for Topgolf, Ikea developments
The Fishers City Council on Tuesday unanimously approved plans that pave the way for multimillion-dollar developments in the city by Topgolf International Inc. and Ikea.
Financing unclear for Westfield’s $25M Grand Junction park
Westfield officials have finally chosen a design—a series of modern, glass-and-stone structures with walking paths and bridges—for Grand Junction Plaza, a project that’s already more than seven years in the planning.