Local real estate pros say finding a reuse for the Indianapolis Star's HQ will be tricky. The newspaper is selling its labyrinth of buildings at 307 N. Pennsylvania St., which have multiple floor levels, narrow hallways and a basement built to house printing presses.
Redevelopment of the Massachusetts Avenue fire station could remain in limbo for the foreseeable future, as Mayor Greg Ballard and council Democrats enter a standoff over tax increment financing districts.
Workers have ripped out the old fountain and crumbling bricks of Pan Am Plaza, making way for a waterproof membrane and new stone pavers in a Kite Realty Group Trust project to stabilize the plaza until it can pull off a redevelopment.
Mayor Dennis Buckley on Friday requested the establishment of a community development corporation with a signed proclamation, which will be presented to the city’s development commission for consideration. He hopes to have it operating within the next month.
Developer Buckingham Cos. has taken deposits for all 100 apartments in the first phase of its $155 million CityWay project at Delaware and South streets in downtown Indianapolis.
New owner of property bought out of foreclosure seeks city revenue bonds, state low-income housing tax credits.
The six-block stretch just outside the front door of the historic Indianapolis Motor Speedway was desolate when the town of Speedway formed a redevelopment commission in June 2005.
New housing, health facility could help attract grocer.
The nearly $2 million effort, named Indy Rezone, is being steered by city planners, private developers, elected officials, architects, community activists and others.
Buyers have quickly snapped up two home sites and the city might sell seven more on a stretch of Broadway Street where The Oaks Academy had hoped to build a soccer field.
A legal battle that had threatened the east-side landmark has been settled, and a $300,000 grant has been secured to begin stabilizing it.
A study commission on tax-increment financing will vote Thursday evening on a set of policy recommendations that would limit the use of TIF districts in Indianapolis.
The tax-increment finance district created around the former United Airlines maintenance hub at Indianapolis International Airport doesn’t generate enough revenue to meet its annual debt payment. Neither do several other area TIF districts.
Whitsett was counting on selling state-issued affordable housing tax credits to finance the $27 million project, but it wasn’t among the projects awarded credits.
The Friday blaze engulfed a four-story, 28-unit apartment building due to open this fall as part of the $34 million 16 Park project. The Indianapolis Housing Agency says construction will resume as soon as possible.
The fire destroyed part of 16 Park, a $34 million affordable housing development that's intended to help spur a revival of the 16th Street corridor.
Structure to be built steps away from Rolls-Royce, Lilly and newly built apartments and retail space.
The $6.5 million project, led by the Children’s Museum of Indianapolis, will include 50 apartment units, 22,000 square feet of commercial space and a 2-acre park. Construction could start by the end of the year.
Bill Oesterle’s firm Henry Amalgamated has purchased 48 properties in the Holy Cross neighborhood from 2006 through this May. Nearly 40 percent of those purchases have been made since Angie’s List struck a $7.1 million incentives deal with the city of Indianapolis in October.
A local developer plans to break ground this month on a three-story office building near Keystone at the Crossing that would be the market’s first speculative office development in four years.
