Manufacturer plans distribution center in Plainfield
Wisconsin-based Regal Beloit Corp. has hired Browning/Duke Realty to build a 376,000-square-foot distribution center in Plainfield, the company announced Tuesday.
Development/Redevelopment
Articles
Decision on Broad Ripple garage delayed again
The two-week continuance granted to remonstrators on Tuesday by the Metropolitan Board of Zoning Appeals follows a previous seven-day delay. The board is set to consider a zoning variance for the $15 million project on May 1.
Loss of St. Francis puts Beech Grove at crossroads
There is a mix of sadness, grief and anger in Beech Grove, as Franciscan Alliance moves the last of its inpatient and emergency operations from its nearly 100-year-old Beech Grove hospital to the new Franciscan St. Francis facility at Stop 11 Road and Emerson Avenue.
North-side neighborhood groups pursuing Fall Creek revitalization
Destination Fall Creek calls for restoring the waterway’s recreational value and redeveloping 60 acres of adjacent property.
City approves design of $45M downtown project
Plans call for the vacant, two-story former Bank One Operations Center at the northwest corner of Washington and East streets to be converted into a five-story apartment building with office or retail space on the first floor.
Plan envisions hot growth for downtown Indianapolis
A study commissioned by the office of Mayor Greg Ballard envisions a much more densely populated, walkable downtown core stretched by several blocks and supported by another Circle Centre mall's worth of retail and enough new office space to double the size of Chase Tower.
Board delays decision on Broad Ripple parking garage
An attorney for Keystone Construction Corp. asked the five-member board to delay a hearing on the garage to allow the developer to meet with officials from the City of Indianapolis’ Department of Public Works about construction of a levee system along White River.
SMC plans $19M Noblesville expansion, 163 jobs
SMC Corp. of America plans to spend $19 million to expand its North American headquarters in Noblesville, making room for an additional 163 employees by 2017, the company announced Tuesday.
Effort to save Rivoli Theatre faces another delay
The theater, at 3155 E. 10th St., has the potential to be a catalyst for further redevelopment of the corridor if the not-for-profit that owns it can win complete control of the 1927 structure and stabilize it.
Plans for Broad Ripple parking garage hit snag
City officials are recommending that construction of the $15 million parking garage and retail project be denied because the property sits 4 feet below a flood plain.
Developer envisions $20M farming operation to replace plant
A local entrepreneur is laying the groundwork for a $20 million transformation of a soon-to-close automotive plant into a sustainable farming operation that would raise fish and hydroponic vegetables.
Cook Group to restore southern Indiana movie theater
Bloomington-based medical device maker Cook Group announced Tuesday it would restore the 750-seat Tivoli Theatre in downtown Spencer, which was built in 1928 and boarded up in 1999.
City narrows field of contenders vying to develop Mass Ave parcel
A midrise mix of apartments and first-floor retail is the most likely replacement for a 1.45-acre Mass Ave parcel occupied by the Indianapolis Fire Department.
Tax caps zap schools in Zionsville; Lebanon district awash in cash
Changes made five years ago in state property-tax laws have strangled the school district in wealthy Zionsville, while schools in neighboring blue-collar Lebanon are in solid financial shape.
Brainard seeks deal on maxed-out TIF
Carmel Mayor Jim Brainard might relinquish his political trump card in an effort to refinance some of the $240 million in debt that’s weighing on the city’s tax-increment finance districts.
Penn Arts owner buys historic apartment building
The Piccadilly, at 16th and Pennsylvania streets, will undergo a historically sensitive renovation of its 58 units.
IU breaks ground on $25M lab building at IUPUI
The facility at IUPUI will include nearly 34,000 square feet of research and classroom space and is the first phase of a planned two-stage project to improve the university’s research facilities.
Mass Ave project surrounding Barton Tower gets state OK
A partnership of Flaherty & Collins Properties and Insight Development Corp. was awarded rental housing tax credits by the state that will be sold to finance construction of a 61-unit, $11.5 million apartment project at 555 Massachusetts Ave.
Much smaller project would fill former Venu site
A parcel of overgrown bank-owned property with a leaky roof at the southwest corner of East 86th Street and Keystone Avenue may finally be poised for redevelopment: A Wisconsin firm has the 6.4 acres under contract and is putting together plans for a retail strip, a couple of restaurants and possibly a hotel.
Decision on canal residential project delayed again
The Metropolitan Development Commission moved a vote on the proposal to April 18 after expressing concern that it didn’t have enough time to review plans that reduce the project from 26 stories to 10. The developer criticized the delay.