Duke Realty reports strong quarterly, annual results
The Indianapolis-based real estate developer said it earned a profit in both the fourth quarter and entire year after reporting losses in 2012.
Development/Redevelopment
Articles
Developer pitching $17.5M project in downtown Fishers
Fishers’ Town Council is expected to vote Monday on a proposal that calls for the town to contribute property for the office-retail project and $6 million for its 330-space parking garage.
New concert venue proposed for GM plant site
A concert venue rivaling the size of Klipsch Music Center in Noblesville has emerged as the favorite in a bid to redevelop the former General Motors metal-stamping plant on the western edge of downtown.
New owners plan changes at Metropolis mall
A joint venture involving a Memphis-based developer has purchased the shopping center in Plainfield and plans to invest millions to update the troubled property. A name change also is a possibility.
County to rebuild fair grandstand two years after arson
Shelby County commissioners have awarded a $2.3 million contract for construction of the new grandstand to Zionsville-based RL Turner Corp.
Foes of $25M Broad Ripple project go to court
The local group wants a judge to overturn the city’s decision to grant zoning variances for the apartment-and-retail project. In the meantime, developer Browning Investments is moving forward with its plans.
Upstart developer battles nursing home establishment
Mainstreet Property Group CEO Zeke Turner, the son of Republican state Rep. Eric Turner, is fighting a bill that would halt construction of nursing homes in Indiana.
Zionsville panel OKs Hat World land deal for HQ
Zionsville officials on Monday agreed to sell 15.6 acres in the new Creekside Corporate Park to Hat World Inc. for $577,200. Local incentives tied to the deal could allow the company to recoup at least half of the purchase price.
City-County Council, mayor settle on TIF policy
Mayor Greg Ballard’s administration has agreed to a new policy around creating and managing tax-increment finance districts. The policy is headed to the City-County Council for approval.
UPDATE: Fishers OKs retention deal for OfficeWorks
Drawing new jobs remains a priority for economic development leaders in fast-growing Fishers, but existing businesses are getting some love, too.
Developer plans $80M project in Carmel
Apartment specialist Edward Rose Properties Inc. is proposing an $80 million mixed-use project on mostly undeveloped land in Carmel’s Old Meridian District.
New owner IU set to unveil plans for shuttered Wishard Hospital campus
The university wants to expand its health services program by using some existing Wishard space and tearing down other buildings and replacing them with modern facilities,
Century-old Mass Ave landmark changes hands
The Marott Center was built in 1906 as one of the first multi-level department stores in Indiana and is listed on the National Register of Historic Places.
Other 2013 news of note: From Pacers to panhandling
A look at some of the runner-up top Indianapolis business stories from 2013.
Apartment craze shows no signs of slowing
Apartment developers continued their blitz on the downtown market with several projects under construction or in the planning stages.
Whole Foods-anchored project causes stir in Broad Ripple
A local developer’s plan to build a $25 million mixed-use project in Broad Ripple anchored by a Whole Foods grocery met fierce resistance from neighborhood residents opposed to its size.
Panel’s use of TIF funds spurs new flap in Carmel
The cash-strapped Carmel Redevelopment Commission is revising its 2014 budget to account for the loss of a six-figure income stream critics say it was not entitled to use in the first place.
Pittsburgh grocer jumping into Indy market
A major supermarket chain is hoping to expand into the Indianapolis market, starting with an anchor position in a mixed-use project under construction in Carmel.
City Center expansion plans could cost $100M
Developer Pedcor Cos. unveiled conceptual designs for six more buildings at Carmel City Center that could cost as much as $100 million to build over the next four to five years.
Commercial blitz may follow Westfield’s housing boom
Poised for a development boom in those heady days before the real estate market collapsed, Westfield appears back on track for growth. Residential activity never stopped, but builders are picking up the pace in response to increasing demand. If history holds true, a commercial construction blitz will come next.