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.
Development/Redevelopment
Articles
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.
$1B Methodist revamp might spawn housing rush
Indiana University Health hopes its $1 billion plan to expand Methodist Hospital will spawn nearby development, creating an area where employees can live adjacent to where they work.
Downtown hotel plan incorporates black church
The city’s oldest African-American church is poised to become a hotel as part of a larger, $30 million project that could add more than 200 rooms to downtown’s lodging inventory.
$77M Fishers sports complex appears stalled
Its developer boasted last summer that the Fishers Sports Pavilion already was booking events for 2016. But the site sits vacant.
Speedway looks to lure more development to Main Street
The town is accepting proposals to redevelop the last two parcels it owns on the street, which continues its transformation into a hub of retail activity.
Housing tax credits AWOL for Hamilton County projects
For the fifth consecutive year, Hamilton County has been shut out of federal tax credits for affordable housing projects, while nearby counties have had success in the competitive program.
Mallard Lake property set for auction after decades of legal fights
The 254-acre Mallard Lake farm property became a well-known battleground in Madison County as the owner fought in court for more than 30 years to turn the property into a landfill.
Indy airport board cancels $500M medical plan; to reopen bidding
The Indianapolis Airport Authority board said it would “leave our options open and continue to search for the optimal project.”