Articles

City delays approval of downtown parking garage

A local developer’s plans for a parking garage, part of an $85 million project, met resistance from a city official who said the structure’s design needs to be more “pedestrian-friendly” for the area of Illinois and New York streets.

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First stage of $85M downtown project up for approval

The city is set to hear a request on Thursday by a local developer to build a five-story parking garage at the corner of New York and Illinois streets downtown. The garage is part of a development that would be anchored by a Marsh store.

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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.

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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.

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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.

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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.

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Deal rekindles $45M downtown project

Former partners in Kosene & Kosene Development have settled a legal dispute that jeopardized redevelopment of the vacant former Bank One Operations Center downtown. Milhaus Development has until May 1 to begin construction.

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Pan Am Plaza redevelopment brewing

The two entities that control the future of Pan Am Plaza have come to an agreement that could lead to the redevelopment of one of the most valuable parcels downtown.

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Developer plans 26-story tower along canal

Valparaiso-based Investment Property Advisors wants to build an $83 million apartment project for college students on one of the last available parcels along downtown’s Central Canal.

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Mass Ave deal’s brokerage fee raising eyebrows

A real estate brokerage picked by the city to spearhead redevelopment of a prime Mass Ave parcel occupied by the Indianapolis Fire Department stands to collect a million-dollar-plus payday if it closes the deal.

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Carmel mayor’s next goal: Build posh, $32M hotel

The principal developer of Carmel’s City Center, Pedcor Cos., is working with city officials on plans for a four-star boutique hotel that likely would cost at least $32 million to build and may require an additional city subsidy.

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