Kite reports smaller quarterly loss on much higher revenue
The Indianapolis-based real estate investment trust said that it lost $900,000 in the quarter, compared with a loss of $3 million during the same period a year earlier.
Development/Redevelopment
Articles
Conference eyes preservation as development tool
A national gathering of preservation experts this week in Indianapolis are toasting some of the success stories historic preservation can foster by helping spark revitalization in neighborhoods and city centers.
Preservationists float ideas for reusing City Hall
An upscale hotel, a brewery and an event center were among the proposals suggested by members of the National Trust for Historic Preservation. The group is holding its annual conference in Indianapolis for the first time.
Four local firms vying to redevelop GM stamping plant site
At least one of the proposals for the site, which has been vacant since 2011, would create a suburban-type office park in an urban environment.
Huge housing, golf development planned for Westfield
The developer who delivered high-end housing to Westfield a decade ago with The Bridgewater Club is working on plans for another upscale golf community near the city’s Grand Park Sports Complex.
Developer launching rehab of vacant College Avenue retail building
Developer Larry Jones said he’ll spend about $600,000 to renovate the 6,700-square-foot eyesore at 1101 N. College Ave., which has sat empty since the early 1980s.
Bub’s draws other tenants to Zionsville development
Anticipation has been building since Bub’s Burgers and Ice Cream signed on for the $3 million South Village of Zionsville West project last year. The popular restaurant could open its Boone County outpost next month. Who else is moving in?
Buckingham Cos. nabs downtown Zionsville site
The prolific developer behind Indianapolis’ $155 million CityWay project is working on a plan to transform a key parcel in the heart of downtown Zionsville.
Chicago firm building spec warehouse in Plainfield
HSA Commercial Inc. plans to break ground later this month on the 220,000-square-foot building in the Gateway Business Park near Columbia Road and Ronald Reagan Parkway.
Tower would be first big addition to east side of Indianapolis in decades
The proposed Market Square Tower—if it’s built as planned at 28 stories and 370 feet—will be one of the 10 tallest buildings in Indianapolis.
Fishers tech firms promise to stay put, add jobs
Two high-potential companies will stay in Fishers thanks to a pair of economic development deals the Town Council signed off on Monday.
Developer readies second Virginia Avenue residential project
Deylen Realty’s latest development along bustling Virginia Avenue calls for 68 apartments and 9,900 square feet of retail space between the existing Mozzo apartments and Villagio condos.
State opens downtown parking lots to development
Proposals due Nov. 15 could cover one or all of three state-owned parking facilities, which contain 6,096 spaces and generate more than $1 million a year from special events.
Former City Hall could reopen for planning work
The city’s development director hopes to launch a countywide planning effort, and he wants it to take place on the first floor of the vacant, century-old building at 202 N. Alabama St.
Wheeler Mission lands $1M grant to help with expansion
Wheeler Mission Ministries Inc. said Wednesday that it has received a donation from the Nina Mason Pulliam Charitable Trust that will allow it to start construction on a new facility next to its shelter at 520 E. Market St. in downtown Indianapolis.
Real estate developer, philanthropist Glick dies at 92
Eugene Biccard Glick built a fortune as a residential real estate developer before becoming better known as one the city’s most generous philanthropists. The Indianapolis native and World War II veteran died Wednesday.
City delays decision on Broad Ripple project
Due to absences on the Indianapolis Metropolitan Development Commission, attorneys for both sides of the issue on Wednesday agreed to continue the controversial rezoning request to the group’s Oct. 16 meeting.
Councilor takes aim at Browning’s Broad Ripple apartment project
At-large City-County Council member Zach Adamson says that even if the apartments-and-grocery project gets an OK from city development officials on Wednesday, he might force an additional hearing.
Woodfield office buildings attracting strong interest
The two Class A office buildings totaling 348,000 square feet are close to being sold after falling into foreclosure during the implosion of defunct local developer Premier Properties USA Inc.
Cummins keeping HQ in Columbus, but considering Indy project
Cummins spokesman Jon Mills said the company wants to consolidate its two offices in downtown Indianapolis where about 100 employees work in areas such as communications, information technology and investor relations.