Articles

$150M ‘North of South’ project moving ahead

Officials are announcing details of an ambitious downtown development planned for 10 acres Eli Lilly and Co. owns near its Indianapolis headquarters. The project will include a hotel, apartments, restaurants and retail space and a YMCA.

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Developer seeks rezoning for Canal apartments

The city’s Division of Planning was set to hear a request Thursday afternoon by Valparaiso-based Investment Property Advisors LLC to rezone property near the Central Canal for a 150-unit apartment complex.

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Tower manager proposes 4th Artsgarden skywalk

Reit Management & Research LLC made a presentation Wednesday to the Indianapolis Metropolitan Development Commission for its plans to build a pedestrian walkway between Circle Centre mall and PNC Center.

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Children’s Museum plans neighborhoods’ revitalization

The Children’s Museum of Indianapolis is about to expand its role in urban redevelopment. It has already invested more than
$1 million in the half-dozen blocks around its campus on North Meridian Street, and now plans to help create a comprehensive
plan for an area that encompasses six nearby neighborhoods.

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Lugar Tower project delayed by lack of tax credits

Renovation of apartment building owned by the Indianapolis Housing Agency will have to wait, after it failed to receive the
necessary federal backing to fund it. Three other IHA projects, including Caravelle Commons, will move forward, however.

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Hendricks County offers land for hotel development

The Hendricks County Convention and Visitors Bureau said Monday that it is asking for proposals to develop a full-service convention hotel on up to 18 acres in Plainfield at the intersection of Interstate 70 and Highway 267.

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Firms line up to find new uses for old airport terminal, other properties

The cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real
estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract
negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.

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$65M development deal would cost Capital Improvement Board

The Capital Improvement Board could be forced to give up one of its most profitable assets so the city can pull off a $65-million
public-private downtown development deal. The city has agreed to help a developer revitalize the vacant former Bank One operations
center in part by acquiring an adjacent
parking garage for $18.5 million.

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