Kite Realty seeks TIF funds for 3 mixed-use projects
Indianapolis-based developer Kite Realty Group Trust is asking the cities of Carmel and Indianapolis to ante up incentives for a trio of mixed-use projects in its pipeline.
Mixed-Use
Articles
Ambrose is mum, but experts say it likely ran into financing problems for $1.4B Waterside
Real estate developers and experts suspect the firm couldn’t get access to enough capital to move forward with the massive, 103-acre development. Opinions are mixed on whether the site should remain intact or be split into multiple projects.
Boomerang proposes $157M mixed-use development on 240 acres in Noblesville
The massive project, which includes industrial, residential and commercial uses, would take place on largely undeveloped land near the State Road 32/38 split.
TWG seeks tax break for $26M apartment project at old IPS site
TWG Development could save $1.4 million on the 188-unit Wesmont, named after jazz guitar legend Wes Montgomery. It’s part of the company’s larger redevelopment project south of East 16th Street and east of the Monon Trail.
Zionsville neighbors battle village proposal—again
But the mixed-use project called Sycamore Flats, filed by Carmel-based J.C. Hart Development, appears to have more momentum than past proposals opponents or local officials rejected.
Timetable for City Center projects stretches past projections
Debt payments will be due before all the buildings are completed. But Carmel officials say the delays shouldn’t cost taxpayers because of safeguards the city and the developer put in in place years ago.
Thompson Thrift plans townhomes, hotel for land adjacent to The Yard
Thompson Thrift Retail Group now has firmer plans for developing land adjacent to The Yard at Fishers District as the project moves forward in the zoning process. The plan moved forward in the approval process Wednesday night.
Lawmakers consider changes to allow more alcohol permits in growing communities
The omnibus alcohol bill authored by Rep. Ben Smaltz, R-Auburn, would also create a special alcohol permit for a planned food hall at the Bottleworks development on Massachusetts Avenue.
Trio of downtown-area apartment buildings hits market
Their Bloomington-based owner is marketing them less than three years after completion. They include The Delaware, a high-profile complex at 22nd and Delaware streets.
Developers bid on IPS downtown HQ, but district leaders unimpressed
Indianapolis Public Schools staffers are expected to ask the board this week to reject two proposals to buy the district’s downtown headquarters, after the offers came in well below expectations.
Greenwood exploits creek for ‘riverfront’ district
As part of its effort to add redevelop its downtown, Greenwood is putting an unusual asset to use: a meandering minor waterway that in spots is not much wider than a drainage ditch.
Mount Comfort Road has big development potential for Hancock County
Mount Comfort Road in Hancock County could see an additional half billion dollars in economic impact by 2030 if community leaders capitalize on a plan to develop the busy corridor.
National car dealer backs away from massive HHGregg HQ site
Napleton Auto Group says it’s still weighing its options for relocating one of its local Kia dealerships after dropping a contract to buy the former appliance chain headquarters and retail site.
Ideas abound on where to put Indy Eleven soccer stadium
Owner Ersal Ozdemir isn’t revealing possible locations for his $550 million Eleven Park project, but community leaders and other observers are bandying about lots of options.
After delays, $45M downtown mixed-use project to finally break ground
The local developers of The Ardmore see the apartment-and-retail development as a bookend to the massive Bottleworks project on the other end of Mass Ave.
Church rolls out massive effort to transform battered section of city
The Rock initiative is providing affordable homes and spurring other big changes in the far-east-side neighborhood.
Circle City Industrial Complex lands big loan for updates
The old industrial building, which has about 130 tenants, has been in redevelopment mode since 2015.
Neighbors of Mile Square apartment project satisfied with bigger, reconfigured plans
The proposed development at 421 N. Pennsylvania St. has undergone extensive changes since this spring, including rising from seven to 11 stories.
The Yard in Fishers: It won’t be just about the food
When The Yard at Fishers District was proposed in November 2016, it was billed as a culinary-centric development. But as the project has grown, so has the number of non-food-related tenants.
Local officials mum amid reports Amazon zeroing in on D.C. for HQ2
Amazon is approaching its end-of-year deadline for deciding where it will locate the $5 billion campus, and two national newspapers reported over the weekend that an area in northern Virginia is far along in negotiations.