After setbacks, Franklin wary of more development deals
A backlog of unfinished work by the Franklin Development Corp. is why Mayor Joe McGuinness doesn’t want to give new funding to the organization until the pending projects are finished.
Development/Redevelopment
Articles
Ten-acre parcel near Colts stadium hits the market
The vacant property west of Lucas Oil Stadium could get a boost from redevelopment efforts at the former GM stamping plant site just across White River.
Construction blitz in full swing around Ball State
With less than two weeks until the start of classes at Ball State University, businesses in Muncie that will cater to students are racing to complete their building projects.
State eyes downtown site for $17M archives project
Officials want developers to submit plans for a site on the American Legion Mall, including an existing historic building and a 36,000-square-foot addition.
Developer pitches plans for former Carmel golf course
Plans for the former Sunrise Golf Club property along the Monon Greenway in Carmel are coming into focus as the developer asks the city to approve a rezoning request.
Two-hotel tower proposed across from fieldhouse
A Minneapolis developer wants to build two high-end hotels in the same 15-story building on a surface parking lot downtown across from Bankers Life Fieldhouse.
Carmel budget hawks want harder line on deals with developers
The Carmel Redevelopment Commission’s 2014 revenue is estimated to exceed expenses by less than $100,000—a narrow margin for an agency with annual debt payments totaling $17.5 million.
Developer pitches 5-story office building for Broad Ripple
A local developer plans to build a five-story office building on the site of a closed American Legion post in Broad Ripple.
Interactive Intelligence set to break ground on $12.5M building
The 119,000-square-foot structure will be built next to the software developer’s headquarters on the northwest side as part of its growth plans to add 430 employees within the next few years.
Clock ticks on Wigwam’s fate
Anderson officials say the city will take ownership of the iconic gym, but only if it has a binding agreement by Sept. 2 with a group to reopen the Wigwam.
Report: Carmel panel may face TIF shortfall but can pay debts
New financial projections suggest the Carmel Redevelopment Commission will have enough annual revenue to pay its debts for the next 15 years before dipping into reserves. But property taxes from the city’s two-dozen TIF districts could fall more than $1 million short as soon as next year.
Cummins to pick from New York firms to design downtown offices
Cummins Inc. plans to pick a proposal from one of three New York-based architecture firms vying to design its global distribution headquarters downtown.
New downtown concert venue to seat 15,000
A music amphitheater soon will take center stage on the site of the former General Motors metal-stamping plant on the western edge of downtown, sources tell IBJ.
City focuses on streets in $30M natatorium plan
Mayor Greg Ballard on Monday morning unveiled details of the plan, in which IUPUI and Lilly Endowment each contribute $10 million for the IU Natatorium renovation. The city’s $10 million part of the plan involves nearby streets.
Butler to build new residence hall, parking garage
The projects are part of a larger plan to add more student housing, possibly construct a larger facility to house the university's business school and renovate existing academic buildings.
Northern suburbs see blitz of apartment construction
Growing demand for high-end, low-maintenance living is fueling an apartment-building boom in Indianapolis’ northern suburbs—and raising concerns among some leaders about the risks of adding too much too fast.
Fletcher Place gains destination status
Fletcher Place on the southeastern edge of downtown for years served as little more than a pass-through for folks traveling between downtown and Fountain Square. But the triangle-shaped historic neighborhood is starting to carve out its own identity by drawing more residents and visitors to patronize the restaurants and drinking establishments sprouting along Virginia Avenue.
Duo creating waves in older Indy neighborhoods
A Realtor and builder are buying north-side homes to be overhauled and sold for big prices, dividing neighbors over the value of gentrification.
Carmel developer sinks $66M into four senior communities
Leo Brown Group opened two facilities in Indianapolis and Avon in June, and has started construction on two similar projects in Ohio and Kentucky.
Multifamily projects abound in Chatham Arch, Lockerbie
The four projects, one of them condominiums, would add nearly 280 units within about a four-block stretch from East Michigan Street north to Massachusetts Avenue.