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.
Development/Redevelopment
Articles
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.
State sits on prime downtown property near Statehouse
Three locally based firms responded to a state request for private-sector parking management, plus the construction of new spaces, by proposing mixed-use buildings for a 3.2-acre lot north of the Statehouse, according to response documents made public late last month.
Milhaus starts project in Oklahoma City
The $42 million project is Milhaus' second mixed-use project outside the Indianapolis area.
Good Earth avoids $1M judgment over Broad Ripple project
Browning Investments had sought to make the health food store and a Broad Ripple resident post a $925,000 bond to cover costs related to construction delays stemming from an appeal related to the apartment-and-retail project.
Airport in talks with user for 149-acre site
A deal to lease most of the land has momentum, according to an Indianapolis International Airport official. The city had been eying the parcel for its criminal justice complex.
Developer requesting $1M over Broad Ripple project delays
Browning Investments Inc. is seeking the damages from opponents of its proposed $30 million apartment-and-retail projects for costs related to construction delays due to a pending appeal.
Westfield nears decision on iconic towers along U.S. 31
Westfield City Council is considering a nearly $3 million plan to erect a pair of “landmark” towers at U.S. 31 and State Road 32, considered a key gateway to the growing community.
Westfield scores $20M indoor soccer facility, restaurant
Real estate developer Holladay Properties plans to build a $20 million indoor soccer facility at Westfield's Grand Park, providing a year-round venue at the sprawling sports campus—and a home for south-side institution Jonathan Byrd's first restaurant in Hamilton County.
Plainfield logistics firm to move to new HQ
Plainfield-based Hanzo Logistics plans to move about a half-mile north to a new $17 million headquarters and distribution facility, expected to be complete in September.
Cottage Home neighborhood attracts another single-family housing project
A local developer plans to build 14 houses in the up-and-coming neighborhood as part of a project that could include a two-story mixed-use development along East 10th Street.
IU advancing demolition plan opposed by city
Indiana University's Board of Trustees is expected to vote this week on a plan to move or tear down six houses in a Bloomington neighborhood that city officials have been trying to protect.
Area home-construction permit filings flatten out
Homebuilders filed 530 single-family building permits in the metro area in May. That’s exactly the same number of permits that were filed in May 2013. Local construction numbers were better than national figures.
Noblesville firm plans $3M East 16th Street investment
Slane Capital is developing the project for Better Retail, which plans to move its headquarters from Hamilton County while converting the dilapidated structure just east of the Monon Trail into a hub for food-and-beverage startups.