Projects progressing along stretch of East 16th
Plans call for apartments, another restaurant from the owners of Tinker Street, and even a microbrewery or distillery.
Urban Development
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Indiana Landmarks finds buyer for Glossbrenner Mansion
A local holding company plans to spend $400,000 to refurbish the historic home on North Meridian Street for office space.
City block in Fountain Square on the market
The seven parcels on Prospect Street, which are available for a total of $1.5 million, could attract the area's next big apartment development.
IPS property sale rekindles talk of downtown Target
Indianapolis Public Schools' plan to sell the 11-acre former Coca-Cola bottling plant site at Massachusetts and College avenues has revived talk that Target would finally open a downtown store.
City to consider selling $75M in bonds for 16 Tech project
The Central Indiana Corporate Partnership wants the city to improve streets, walkways and other infrastructure around the 170-acre project north of the IUPUI campus, designed to attract high-tech businesses and workers.
Even with deluge of units, downtown apartment demand persists
Apartment occupancy downtown remains near a stellar 95 percent as tenants flood new projects, according to a panelist at IBJ's Commercial Real Estate and Construction Power Breakfast.
Preservation group delays action on project with ‘digital canvas’
Members of the Indianapolis Historic Preservation Commission say they postponed a vote on the Mass Ave project at the request of City-County Council members who argue the building’s massive screen could run afoul of billboard rules. Commission members also questioned the building’s design and even its bold colors.
Downtown Cummins building to be 9 stories instead of 10
The city’s Regional Center Hearing Examiner approved the reduction Thursday. Cummins officials said the change will make the layout of the building more efficient.
Aging churches need expensive repairs that many can’t afford
The fates of several religious structures in older parts of Indianapolis, often considered architectural gems, are uncertain because dwindling congregations lack the wherewithal to keep up with escalating costs.
Brewery proposed for $4.8M project in downtown Fishers
City officials are considering incentives for the two-story project, which would feature a restaurant and brewery on the first floor and office space for lease on the second level.
Developers likely to unleash big plans for Mass Ave art-deco landmark
Indianapolis Public Schools has put the 11-acre site on the market. It was built in 1931 as a Coca-Cola bottling plant but the school system has used it since 1975 as a bus maintenance facility.
IPS puts Mass Ave bus facility on block
The school system is expecting a flurry of interest in the 11-acre site—dominated by a former Coca-Cola bottling plant—as development opportunities in the popular cultural district dwindle.
Land bank successor aims for openness
A startup not-for-profit has begun returning vacant and tax-delinquent properties to the city’s tax rolls, stepping into a void left by the disgraced Indy Land Bank.
Ambitious development plans start to take root near Lucas Oil Stadium
Emboldened by the proposed development of a Marriott hotel, and prospects for another new hotel, the group that promotes downtown’s south side is beginning to lay the groundwork to transform the largely ignored area into a destination.
$17M Marriott hotel in works near Lucas Oil Stadium
An Illinois-based developer has received the first approval necessary to build a 140-room extended-stay hotel downtown, as Indy’s lodging market continues to swell.
Developer pins comeback on $11B project
Sidelined real estate developer Christopher P. White is hoping to make a triumphant return with an $11 billion—yes, $11 billion—proposal for the GM stamping plant site and areas surrounding it.
Brownsburg is latest community aiming to make downtown a destination
Town officials hope plans for a roughly five-story, $70 million mixed-use project will spur additional development and help transform the nondescript downtown into a cluster of retail and residential character.
Arts group Big Car to remake area near its new home
The arts-focused Big Car Collaborative, birthed in Fountain Square in 2004 and most recently headquartered at Lafayette Square Mall, has found a permanent place to park on Indianapolis’ south side.
Deal to redevelop Tinker Flats building falls through
King Park Development Corp. is pursuing another developer to rehab the building on East 16th Street after a Noblesville firm pulled out of a deal to convert part of it into a hub for food-and-beverage startups.
Flaherty shopping stake in Axis development
Flaherty & Collins Properties already is selling a stake in its brand new downtown Axis at Block 400 apartment development to cover expensive cost overruns on the project.