Preservationists seek expanded tax credit program
Advocates of historic preservation made a pitch Monday for an expanded tax credit program to help developers invest in older buildings – particularly in small downtowns.
Development/Redevelopment
Articles
Tipton County won’t stop work at Chrysler plant over permits
Three residents have appealed the Tipton County planning director’s decision to extend without public notice the building permit originally given to Getrag, which stopped construction at the factory in 2008.
Future murky for Carmel’s 2-story development rule
City leaders are embroiled in a debate over the future of Range Line Road, through the heart of Carmel’s redeveloped downtown. Special density zoning rules are intended to create a consistent look and keep residents from bearing the brunt of the city’s significant infrastructure investment. The question is whether it’s working.
Buyer of Illinois Building envisions conversion into upscale hotel
A high-profile local developer has bought the Illinois Building and is considering offers to convert the downtown landmark into a boutique hotel that could be the city’s first five-star lodge.
Funding for Mounds Reservoir study moves ahead
The state will provide a $600,000 grant for the next phase in a proposed project to build a $400 million reservoir in central Indiana.
Proposed GM plan reserves space for soccer stadium
One of the players vying to redevelop the former General Motors metal-stamping plant has set aside room in his plans for a roughly 10,000-seat stadium where his own North American Soccer League franchise could play.
Local developer plans six-story office building in Castleton
Edgeworth Laskey Properties LLC, which has developed three buildings within Allison Pointe Park, bought the 10.5-acre parcel along Interstate 465 from a suburban Chicago company.
Summit partners seek tax break for $14M distribution facility
They plan to spend $14 million to build the 542,000-square-foot warehouse on 33 acres on the city’s west side. One condition of the tax abatement is finding a user that would create at least 50 jobs by 2018.
Pace slows, but Carmel redevelopment panel still busy
The Carmel Redevelopment Commission has a lot to do—with or without staff support. Mayor Jim Brainard and the city’s director of administration will handle the volunteer panel’s day-to-day affairs for the immediate future.
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.
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.