State and corporate leaders believe a tech park taking shape on the western edge of downtown could be a launchpad for health sciences innovation and commercialization as part of the state’s ambitious economic development portfolio.
As part of the request, TWG is pledging to make 41 of the 270 units available to individuals and families making up to 70% of the area’s median income.
Funds raised from the downtown economic enhancement district would pay for cleaning and beautification efforts, public safety initiatives, homeless outreach and costs associated with a planned low-barrier shelter.
Since it was completed in 2018 at a cost of $120 million, the tower has become one of the city’s priciest residential properties, with an average rent of $2,365 per month, or $2.58 per square foot.
The two organizations reached an agreement announced Monday that will bring a trio of top-rung WWE events to Indianapolis over the next eight years.
With funding plans for a proposed soccer stadium clearing another hurdle this week, Indianapolis leaders, developers and brokers are beginning to evaluate the impact such a project could have on the near-east side of downtown.
The city and the Capital Improvement Board of Marion County in the coming weeks will convene with the prospective MLS investor group to begin early design work for a stadium on the downtown heliport property.
The approval of the taxing district now allows the Hogsett administration to request authorization from the State Budget Committee—a step required because the funding plan relies on up to $9.5 million per year in state taxes.
Bill Pritt digs into the origin story of Mass Ave’s Forty Five Degrees and the real estate acquisition—and yogurt shop—that helped him succeed. Plus, he serves up details from his plans for Harrison’s Restaurant and the Metro.
Purdue officials say the Academic Success Building “will evolve with the needs of experiential education, accommodate courses that would not otherwise be offered with existing space, and provide on-campus housing.”
Chucky-D is a concept launched by three partners who have experience managing Asian restaurants in central Indiana.
The City-County Council’s Rules and Public Policy Committee on Tuesday will hear the Hogsett’s administration’s case for creating the professional sports development area, with scrutiny by the full council to follow on June 3.
The saga has taken several turns with fresh revelations about what’s underneath the ground set aside for the stadium complex that developer Keystone Group wants to build and who owns the land the city has identified for another site that Mayor Joe Hogsett’s administration has championed.
Although the possibility of a Major League Soccer stadium in Indianapolis is still up in the air, city officials are considering design possibilities for their preferred site, on the east side of downtown.
The hotel would be flagged as a Tempo by Hilton, a brand launched in early 2020 with a focus on drawing business travelers with higher-end amenities like bars and cafes.
Last month, city officials and the two developers reached a tentative deal for addressing key elements of the overhaul of downtown’s City Market block, including reskinning the Gold Building and renovating the adjacent Ohio Street parking garage.
FortyFive Degrees owner Bill Pritt said he intends for Harrison’s Restaurant, a concept based on “good portions and fair prices,” to open by spring 2025.
A proposal to develop a Major League Soccer stadium on the east side of downtown Indianapolis is facing some early resistance from the owner of a historic property in the heart of the proposed development area.
The map specifies more than 120 non-contiguous addresses throughout downtown that would be incorporated into a new professional sports development area, or PSDA.
Hendricks Commercial Properties—the developer of the Bottleworks District—plans to spend at least $600 million to convert the nearly 30-year-old mall into an open air, pedestrian-focused retail, office and residential district.
