Ice likely to play more games at revamped Pan Am facilities
Building owner Kite Realty Group Trust has agreed to renovate the aging facility’s ice rinks to enable the hockey team to play more games there next season.
Development/Redevelopment
Articles
City to buy key parcel for 16th Street tech corridor
The city of Indianapolis is poised to pay Citizens Energy Group $6.5 million to buy a key parcel of real estate it’s targeting as the centerpiece of its ambitious 16 Tech project.
Skating academy to close ice rinks at Pan Am Plaza
Indiana World Skating Academy, a fixture in downtown Indianapolis since 1987, plans to suspend operations of its two indoor ice rinks at Pan Am Plaza this month and begin looking for a new location, the not-for-profit announced Wednesday.
Monument Circle face-lift set to move forward
The city recently signed a $555,750 contract with a local firm for design work on the Circle, leading to a two-year repaving project with other improvements.
Lilly to spend $180M doubling size of Indy plant
The new investment will bring the plant’s total price tag to $320 million as the pharmaceutical giant seeks to increase production of insulin and related products.
Pedcor moving ahead with $13M Central State apartments
The Retreat on Washington would be the developer’s second project at the former psychiatric hospital campus on Indianapolis’ west side.
Bill would expand state’s historic preservation tax credit
Legislation that was killed last year after passing the Indiana House has been revived this session in hopes of spurring more historic renovation across the state.
Boomerang comes back with plans for Noblesville subdivision
A local developer is moving forward with plans to build a 144-lot subdivision in Noblesville—the first such project city officials have OK’d since approving another proposal for the same property in 2007.
Local REITs charge ahead of pack in bull market
Indiana real estate investment trusts are hitting new highs while outpacing the bull market and their peers in the usually hardy and suddenly hot sector.
Two projects would give Nora Plaza a face-lift
The developer of Nora Plaza is planning a $2 million redevelopment of a building that formerly housed Café Nora in the popular north-side shopping center, and anchor Whole Foods is expanding into 5,700 square feet of space north of its existing store.
Summit’s headquarters earns double LEED certification
Summit earned the environmental accolades by including a variety of green-friendly features, including carpeting made from recycling materials, paints with low or no volatile organic compounds, and HVAC and LED lighting systems with energy-efficient controls.
Carmel puts 7-acre parcel up for grabs
Carmel is finally ready to redevelop the former Party Time Rental site on Range Line Road, a property in which the city has invested $4 million.
Site swaps could clear the way for $43M Mass Ave project
City officials are working on a deal that could result in a new headquarters and downtown station for the Indianapolis Fire Department, a fresh user for a vacant former car dealership, and long-awaited groundbreaking on a $43 million apartment and retail redevelopment on Mass Ave.
Ballard plans new redevelopment effort for Market Square site
Mayor Greg Ballard, in his annual State of the City speech scheduled for Friday, plans to call for new proposals for the downtown site that previously was home to Market Square Arena. The city expects the proposals to include a high-rise building with a major retail component.
Besides parking, garage could aid Broad Ripple
Some are hoping the structure will lure more business to the neighborhood.
Kite Realty is makeover artist for tired shopping centers
Having rejuvenated Glendale Town Center and Rivers Edge, Kite is turning its attention to Rangeline Crossing in Carmel.
Local housing projects get $3.4M boost from tax credits
The Indianapolis developments include new apartments for seniors, the developmentally disabled and homeless veterans, using sites such as Fort Harrison and the former Central State grounds.
LEADING QUESTIONS: Mainstreet CEO masters efficiency
What are Zeke Turner's top five strategies for keeping his work week under 40 hours? Do you really need work e-mail on your smart phone? What's it like to take a company public? The real estate exec has answers.
Three years after opening, Indiana Design Center fills
Tenants include interior designers, artists, kitchen cabinet firms.
Architectural firm A2SO4 ordered to cease operations
The Indiana Department of Revenue has revoked the Indianapolis firm’s retail merchant certificate, alleging it owes more than $43,000 in taxes.