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.
Development/Redevelopment
Articles
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.
Financial services firm plans $33M HQ, 600 jobs in Carmel
Allied Solutions LLC, a Carmel-based firm that serves the financial sector, is planning construction of a five-story building in the Midtown area, more than doubling the size of its existing headquarters.
Restaurateur plans condos behind new eatery on New York Street
Mike Cunningham and business partner Patrick Heitz have received approval to build two upscale condos in one structure at the rear of the Vida restaurant, set to open early next month.
Phoenix Theatre moving from longtime home by Mass Ave
The purveyor of contemporary plays and musicals plans to leave the popular cultural district, where patrons now struggle to find street parking, for three properties on North Illinois Street.
Tom Wood Lexus hitches wagon to expansion trend
The project would add a second floor to the building on East 96th Street, increase the size of the service department and create a mezzanine for a “state-of-the-art” car wash.
No relief in sight for shortage of affordable housing in area
Marion County is suffering from a severe shortage of affordable housing and the inventory is not expected to increase anytime soon. The most popular financing option to help build affordable housing projects is so limited that only a small fraction of the developments get built.
Archaeological finds boost transit center costs, delay opening
Construction work on the IndyGo transit center, which is expected to become a hub for most of Indianapolis’ bus lines, has been delayed by seven months. The project’s estimated cost has risen from $20 million to $26.5 million.
Ransom Place residents mount court challenge to stop project
Three residents have taken the unusual step of asking a Marion County judge to block the $10 million development, arguing it’s too big for the neighborhood.
Hyatt Regency’s lobby, eateries to get $1.3M makeover
The new owners of the Hyatt Regency Indianapolis decided its lower levels needed an overhaul and sharpened culinary focus.
$50M project in Speedway to include hotel, apartments
Two local developers are teaming to build a $50 million mixed-use project adjacent to the Indianapolis Motor Speedway that would anchor the town’s revitalized Main Street.
Downtown Dunaway’s restaurant building attracts buyer
A local company bought the historic building at 351 S. East St., near the entrance of the Fletcher Place neighborhood, and plans to convert it into office space.
Gershman family taking on ambitious, high-profile real estate projects
The flurry of activity comes after Gershman transitioned to second-generation leadership and ditched its traditional bread-and-butter retail projects in favor of more modern mixed-use development.
Businesses form alliance in response to S.R. 37 project
Businesses along the State Road 37 corridor are forming a group to gather information about a proposed $124 million highway-redesign project and create a unified voice.
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.
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.