Zionsville to share TIF revenue with school district
Zionsville’s cash-strapped school district could collect almost $5 million from the town’s tax-increment financing district if an unusual land deal is finalized later this month.
Development/Redevelopment
Articles
Developer planning $60M project near Ball State
Investment Property Advisors of Valparaiso hopes to build a four-story building wrapping around a six-story parking garage that will have 228 apartments and storefronts on the street level.
Development may spawn TIF tug of war
The developer of a $17 million mixed-use project proposed for Broad Ripple is expected to seek a city subsidy—support that at least one City-County councilor believes should be reserved for neighborhoods starved for investment farther south.
Whitsett goes big with Star project
A local developer plans to tear down part of the Indianapolis Star’s downtown headquarters while saving most of the building in a redevelopment that calls for 350 apartments—more units than the massive CityWay.
Browning exec Dye joining The Whitsett Group
Dennis Dye will become a partner at Whitsett, a prolific developer of affordable housing. He has served two stints at Browning totaling about 20 years.
Horizon Bank gains access to Mass Ave with building purchase
Michigan City-based Horizon Bank bought the two-story building at 302 N. Alabama St. for $1.5 million and is embarking on a “substantial” investment in the property.
Meijer might finally be coming to Anson
Construction paperwork indicates the store will be almost 200,000 square feet and employ 100 people.
Developers finish first project, shift focus to downtown deal
Drew Loftus and Kyle Robinson are wrapping up their first project, in Broad Ripple, and have bought another building, this one downtown. A well-known architectural and design firm is slated to be the building’s tenant.
Zionsville’s Main Street aims to boost drawing power, charm
Zionsville’s new economic development plan calls for ramping up commercial activity in the predominantly residential community—just not at the expense of the mom-and-pop shops that give the Boone County town its charm.
Ownership snarl resolved, Illinois Building on block
An affiliate of locally based HDG Mansur has owned the 10-story building at Illinois and Market streets since the 1980s. It’s sat empty for 10 years, thanks in large part to separate ownership of the building and the land—an arrangement once common among downtown buildings.
Speedway’s Speed Zone redevelopment project in high gear
Some goals have been realized, while others are moving through the pipeline.
Prime Zionsville land inching toward development
Zionsville officials are working toward a late-May deadline for wrapping up a complicated plan to buy 91.3 acres of property from Dow Chemical Co.—clearing the way for commercial development worth an estimated $55 million.
Big names lining up to tackle Market Square site
City officials will have at least four proposals to consider for redevelopment of a downtown parking lot where Market Square Arena once stood. Bids are due to the city by April 22.
Is Carmel’s Midtown delay necessary or NIMBY?
Carmel city councilors say their refusal to rubber stamp a state tax credit application paving the way for a $100 million redevelopment project downtown is the result of fiscal caution, not a rejection of low-income housing in the affluent suburb.
Carmel council wary of $100M Pedcor project
Pedcor Cos. wants to apply for a state tax credit to help fund an upscale $100 million housing and office development in Carmel’s Midtown. But City Council members are holding it at arm’s length for now.
Westfield schools looking to cash in on valuable land
The state’s $600 million overhaul of U.S. 31 in Hamilton County could be a boon to Westfield Washington Schools, which is selling 14 acres of prime property near what will become one of 10 interstate-like interchanges on the highway.
Construction begins on $16M downtown apartment project
The property at 800 N. Capitol Ave. is receiving a total rehab from two local developers that are retrofitting the building with 111 apartments.
Greenwood’s Old Town revival targets sidewalks, traffic flow
Greenwood city officials are in the early stages of a downtown revitalization plan that would begin with an investment of up to $9 million designed to make Old Town more appealing to both vehicle and foot traffic.
Developer closing in on Ironworks anchor tenant
Hendricks Commercial Properties is set to break ground on the $30 million mixed-use development on the southwest corner of 86th Street and Keystone Avenue on Wednesday.
Developer to move HQ to Carmel, create 25 jobs
Fast-growing Mainstreet Property Group will invest $800,000 to lease and equip offices at 14390 Clay Terrace Blvd.