Indiana University Health plans to construct a new hospital in Bloomington four or five years from now, the Indianapolis-based hospital system announced Wednesday, after striking a deal with Indiana University to build on the school’s golf driving range.
The organizations see the controversial, $1.6 billion project as a catalyst for redevelopment downtown. A City-County Council committee is set to weigh the proposed development deal Tuesday night.
The developer has trimmed the project west of College Avenue along the Central Canal from five units to three. But that has not enough to appease neighbors who say it’s too large for the property.
The facility’s developer wants Fishers to enter into a 20-year lease for specific usage rights that would cost the city $805,000 annually. It also seeks a 10-year tax abatement and a waiver of impact and permit fees.
The proposed criminal justice center deal before the Indianapolis City-County Council will be just the first of at least two long-term, multi-million dollar contracts. A second is expected to increase total construction costs by $35 million to $54 million.
A bill that would provide $20 million to help expand and renovate Michael Carroll Track and Soccer Stadium at IUPUI for the Indy Eleven soccer team passed the Indiana Senate on Thursday.
Michael Browning never envisioned he’d still be in Indianapolis after arriving nearly 40 years ago from South Bend. But the Detroit native and University of Notre Dame grad bought a business here and became one of the city’s biggest developers.
A tract of land for sale at the northeast corner of Interstate 465 and Keystone Avenue has languished on the market for nearly four years despite its high visibility in one of the glitziest parts of the city.
Effort in Indianapolis will try to entice manufacturers to rethink areas they abandoned.
A special review committee, the Marion County Justice Complex Board, voted 4-1 Wednesday in favor of a 35-year, $1.6 billion deal with WMB Heartland Justice Partners, moving the issue closer to a vote by the full City-County Council.
Several opponents, meanwhile, say the decision should be made by a referendum rather than a vote of the Indianapolis City-County Council, currently scheduled for April 20.
TWG Development LLC has abandoned plans to save most of the headquarters after deciding that renovating the oddly configured structure would be too difficult.
In the state’s fastest-growing county, Boone, the two fastest-growing towns both hope to stake a claim to unincorporated Perry Township.
Town officials have contacted more than 50 developers to gauge their interest in saving the century-old building, which is in danger of being demolished to make way for a service station.
An affiliate of PK Partners purchased the property at the southeast corner of 46th Street and College Avenue that for decades housed a Double 8 Foods store and is searching for a restaurant or retail tenant.
Jefferson Shreve has purchased a highly visible site near Interstate 465 and U.S. 31 and is tearing down the hotel that’s been there for decades to make way for a mixed-use development.
State Senate amendment shifts focus from new downtown stadium to refurbished Carroll Stadium.
Commercial real estate prices are skyrocketing in Fountain Square, where property owners seem emboldened by a resurgence of interest in the historic neighborhood southeast of downtown.
The expansion, set to be unveiled in June, includes construction of a worship hall with 17 shrines.
City officials on Monday approved rezoning 150 acres along Southeastern Parkway for a 277-unit development with homes from $275,000 to $450,000.
