Developer embarking on three downtown for-sale housing projects
Onyx + East is planning a mix of condo flats, townhouses and row houses at the three locations, two of which should see construction activity within a few months.
Urban Development
Articles
Long-discussed Penrose on Mass project clears major hurdle
The development partnership for the project has acquired a half-block site and will begin demolition of a former fire station and headquarters in early January.
Contest seeks downtown home design at affordable price
Downtown Indy has launched IN_fill, Designed to the Core, calling on Indiana architects to design a single-family home that can be built on an urban lot for $225,000.
GM stamping plant site going back on block
The owner of the former General Motors stamping plant property plans to solicit bids for the site as early as next month and is expecting proposals to be much bolder than previous pitches.
Historic Fountain Square saloon, adjacent property listed for $1.2M
The building on Prospect Street was constructed in 1872 and operated as a bar for more than a century. The area is quickly picking up momentum as development extends west from Fountain Square’s core.
Chatham Arch project gets chilly reception from neighborhood
A nearly two-acre property is shaping up to be pivotal in terms of what residents of one of Indianapolis’ most-desirable neighborhoods consider to be acceptable development.
Study says swaths of city in decline
A new study commissioned by the not-for-profit land bank Renew Indianapolis shows that just a tiny fraction of the city’s population is benefiting from renewed investment.
LISC’s Bill Taft empowers residents to revitalize struggling neighborhoods
Taft’s lifelong commitment to urban neighborhoods has earned him the distinction of being the 23rd recipient of IBJ’s Michael A. Carroll Award.
Carmel’s Midtown project finds its momentum
It took nearly two years to finalize design and financing for the first phase of Midtown, but its developer predicts that other components will fall into place quickly now that construction has started.
Developer aims to convert historic downtown building into 110-room hotel
The firm has purchased One Jackson Square and is in discussions to brand it a Canopy by Hilton. The fate of first-floor restaurant tenant Ike & Jonesy’s has yet to be determined.
Retail, housing, maker space revive east-side neighborhoods
Several developments are either underway or in the works that could transform the East 10th Street corridor into a burgeoning neighborhood hot spot.
Developer of Coke site plans to preserve much of historic building
The CEO of Hendricks Commercial Properties says saving the structure as part of a massive $260 million redevelopment is important to "everything we're trying to create there."
Redevelopment deal could save historic Cumberland church
After a drawn-out drama over the structure’s fate, TWG Development LLC has agreed to buy the century-old building and convert it into senior housing, contingent upon receiving federal tax credits.
Old City Hall hotel project faces financing delay
Construction of a 21c museum and hotel slated to be built as part of a $55 million redevelopment of Old City Hall is not likely to start on time after the owner missed a deadline to secure financing.
Plan for event center in former Lockerbie church faces pushback
Several residents of the historic downtown neighborhood fear the center will bring excessive noise and trash to the area, in addition to creating more parking problems.
Design for TWG’s $70M Park at Pulliam Square receives approval
City approval of the design paves the way for TWG Development LLC to begin construction this fall on the downtown project at 307 N. Pennsylvania St.
Environmental firm expects big growth in new HQ on hot corridor
EnviroForensics has spent $3 million to buy and renovate a new headquarters a few blocks north of its current location on North Capitol Avenue.
Council gives city say in $260M Mass Ave project
The city will have one year to negotiate a project agreement with Hendricks Commercial Properties, which has proposed a $260 million development on the lot at the corner of College and Massachusetts avenues, or be forced to buy the property from IPS.
Developers of $50M Mass Ave project drop billboard from design
Plans for a controversial three-story “digital canvas” have been dropped from the Mass Ave development’s design. Developers also replaced the Montage on Mass name with a different one.
Firm redeveloping ex-Coca-Cola plant faces daunting preservation challenges
A specialist in terra cotta will assess the integrity of the structures and suggest options that could range from on-site reinforcement and preservation to off-site storage and eventual reconstruction.