Flaherty shopping stake in Axis development
Flaherty & Collins Properties already is selling a stake in its brand new downtown Axis at Block 400 apartment development to cover expensive cost overruns on the project.
Development/Redevelopment
Articles
Business plan for 21c built on ‘aggressive’ projections
Indianapolis will be the first market where 21c Museum Hotels LLC competes with established art-centric hotels. Yet the company is so bullish about its future here that it expects to outperform its peers by more than 50 percent.
Lombardo selling local lots to Fischer Homes
Michigan-based Lombardo Homes, which entered the Indianapolis-area market two years ago, is selling nearly 200 local home sites and wrapping up central Indiana operations.
Fishers accepting proposals for downtown half-acre site
The Fishers Redevelopment Commission is looking for a new two- or three-story building to occupy about a half-acre of land in the Nickel Plate District.
Developer plans $11M apartment project near state fairgrounds
BWI LLC has purchased an industrial property near Fall Creek Parkway and East 38th Street and plans to convert the building into 49 affordable and market-rate units.
New Bloomington hotels embrace urban, new-age styles
Three hotel projects finished last year have added about 420 rooms to the city’s tourism industry. And at least 260 more are on the way by 2017’s end.
Review of Mounds Lake reservoir study raises new questions
Opponents of a proposal to build Indiana's first new reservoir in more than four decades by damming the White River in Anderson say they hope a peer review of a feasibility study helps kill the project before more money is spent.
Rivoli theater renovation would help spur arts hub
A plan to save the 1927 structure is beginning to take shape as part of a larger effort to transform the three-block stretch of East 10th surrounding the Rivoli into a magnet for arts-based organizations.
Fishers airport compromise puts prime land into play
The runway at Indianapolis Metropolitan Airport in Fishers is set for an upgrade, and dozens of acres on the airport’s perimeter might be developed for industrial and retail use—signaling a turning point in a long-simmering feud.
Purdue programs moving to Switch development in Fishers
Two Purdue University programs have announced intentions to occupy the second floor of the Fishers Switch development.
Giant Eagle wins battle to demolish church, build gas station
Members of the Metropolitan Development Commission voted 4-2 Wednesday to let Giant Eagle Inc. pursue its plan to demolish a historic church and build a gas station and convenience store in the town of Cumberland.
Zionsville considers financing plan for new town hall
The Zionsville Town Council discussed a financial arrangement Monday night that would include constructing a new town hall on the land directly north of where the existing municipal building sits on Oak Street.
Beverage bottler plans $6.3M local distribution center
American Bottling Co. plans to develop a $6.3 million distribution center on the northwest side of Indianapolis, leaving behind a site it has occupied in nearby Park 100 for 40 years.
Bank headquarters slated for new $25M Carmel Midtown project
Merchants Bank of Indiana plans to move its corporate headquarters into a 100,000-square-foot building to be constructed in Carmel’s Midtown development. The $25 million project also will contain a multi-vendor retail operation.
$1B Methodist plan could spur neighborhood rebirth
The area surrounding Methodist Hospital at Capitol Avenue and West 16th Street could be ripe for much-needed redevelopment following Indiana University Health’s announcement that it will spend $1 billion to expand the campus.
Hoteliers hesitant to bet on Grand Park Sports Campus crowds
A strong debut for Westfield’s Grand Park Sports Campus is driving hotel demand for a town without any rooms of its own and few hotels in the works.
Another huge project to further test demand for youth sports facilities
With a second massive youth sports complex on the horizon in Hamilton County, is there enough demand to support both? Officials in Fishers and Westfield say they aren’t worried about competition, arguing demand is high and their respective sport complexes will offer sufficient variety.
Hendricks Regional to make $40M bet with Brownsburg ER, outpatient center
Hendricks Regional Health will construct a 100,000-square-foot emergency room and outpatient center on the north side of Brownsburg by early 2017, hoping to capitalize on an underserved part of the state’s second-fastest-growing county.
Sarah Fisher planning karting facility in Speedway
The 60,000-square-foot Speedway Indoor Karting center is scheduled to open in April 2016, one month before the 100th running of the Indianapolis 500.
Mother-daughter home rehab team gets shot at HGTV gig
Karen Jensen and Mina Starsiak, owners of Two Chicks and a Hammer, will be featured in a TV pilot airing Monday on the network. They could parlay the appearance into a 12-episode season.