Development Proposals Blog Posts

Butler embarking on $3M, year-long streetscape project

February 13, 2014
Comments(4)
The project calls for the installation of a boulevard on Sunset Avenue lined with trees, in addition to sidewalks and bike lanes, in hopes of distinguishing the college from the surrounding neighborhood.
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Dunkin Donuts angling to take over Bonjour building

June 2, 2010
Comments(46)
Dunkin Donuts and Baskin-Robbins could soon take over the former home of Bonjour Cafe & Bakery at Meridian and 24th streets if the owner wins city approval to add a drive-through.
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Restoration work begins for Old Northside landmark

March 1, 2010
Comments(4)
Historic Landmarks Foundation of Indiana has taken over the Romanesque Revival former church known as Old Centrum along Central Avenue at 12th Street.
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City Market proposals: Microbrewery, bicycle hub, agriculture showcase

January 18, 2010
Comments(26)
Six groups are vying to lead a redevelopment effort for the struggling Indianapolis City Market. Check out summaries of each of the proposals.
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Developer plans expansion of Riley Towers apartments

January 12, 2010
Comments(15)
The owner of downtown's Riley Towers apartments is working on plans for a 5-story expansion at 225 E. North St. that would add 54 apartment units and more than 4,000 square feet of retail space.
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Planners recommend denial of IBJ variable-message sign

November 30, 2009
Comments(19)
The city's planning staff is recommending denial of an electronic message screen proposed as part of a new sign for IBJ Media Corp., the parent company of Indianapolis Business Journal.
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Developer eyes Penn Centre as it wraps up Allen Plaza

November 19, 2009
Comments(4)
Allen Commercial Group is offering for sale the first of 30 condos in its flagship nine-story Allen Plaza building along Pennsylvania Street downtown. And the firm is working on a phasing plan for its much-larger Penn Centre proposal.
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Construction begins on downtown condo project

November 11, 2009
Comments(16)
Construction has finally begun on a condo conversion of an historic 5-story building known as The Shelton.
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The Nature Conservancy sets green example with new HQ

November 6, 2009
Comments(9)
The Nature Conservancy's new $10-million headquarters has enough environmentally friendly features to qualify for the highest level of LEED certification.
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Historic namesake for German Church Road facing demolition

October 29, 2009
Comments(16)
Historic preservation groups are fighting to save a 1914 church at the northeast corner of Washington Street and German Church Road in Cumberland. The congregation of St. John United Church of Christ has been working on plans to build a new church on Carroll Road and struck a deal to sell the old one to a developer. The plans are rumored to include demolition to make way for a CVS store.
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Trustee seeks bids for former Fall Creek YMCA branch

October 28, 2009
Comments(3)
The owner of the vacant former Fall Creek YMCA along West 10th Street is seeking bidders interested in tearing down and redeveloping the prime 2-acre site at 860 W. 10th St.
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Plans emerge for vacant former Value City store

October 26, 2009
Comments(7)
Two local entrepreneurs have partnered to develop a new conference and event center in the former Value City department store near Lafayette Square Mall.
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Efforts target blight on 16th

October 13, 2009
Comments(9)
A stretch of 16th Street could see new life as the Indianapolis Housing Agency plans to redevelop a troubled low-income housing project and Kroger revives efforts to acquire land and plan a new supermarket to replace a cramped, old-format location.
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City approves new CVS store

October 12, 2009
Comments(3)
The Metropolitan Development Commission has given its blessing to a new CVS store along 82nd Street just east of Interstate 69.
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Developer plans student housing along canal

September 25, 2009
Comments(23)
A local developer has filed plans to build a new apartment complex designed for college students a few blocks east of the Central Canal.
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Development slow around Lucas Oil Stadium

September 24, 2009
Comments(7)
The hoped-for rush of new development around Lucas Oil Stadium has not materialized.
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New retail strip to replace Altum's Garden Center

September 17, 2009
Comments(21)
Kroger has signed on to anchor a new shopping center along Michigan Road north of 106th Street on the site of Altum's Garden Center.
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Around town roundup

September 9, 2009
Comments(2)
Find out about a new Latin market and tapas bar, plans to renovate the Apple Store and post office closings.
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Downtown apartment complex to expand

September 1, 2009
Comments(12)
The developer of The Waverley apartments downtown has filed plans to expand the complex at 151 S. East St. thanks to high demand for one-bedroom units.
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Jack eyes 16th & Meridian

August 21, 2009
Comments(38)
Burger chain Jack in the Box is working on plans to open its first Indiana restaurant along Meridian Street just south of 16th Street. The chain has worked up preliminary plans to build on about an acre south of the new CVS pharmacy, brokers said.
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Plans emerge for old Winona

August 14, 2009
Comments(13)
A few weeks back, IBJ reported on early proposals for the vacant former Winona Memorial Hospital. The five-story property is saddled with about $2 million in unpaid taxes and soon will become public property. So far, two groups have stepped up with ideas...
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Deal to save winged canopy

August 11, 2009
Comments(24)
A compromise between an historic preservation group and a local business owner will save an iconic "bat-wing" canopy outside a downtown gas station.
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Fountain Square getting cabaret

August 6, 2009
Comments(24)
A new cabaret is planned for a one-story historic building at 1116 E. Prospect St. in Fountain Square. White Rabbit Cabaret will provide live entertainment (not adult-oriented), food and beverage service, performing arts classes, rehearsal space, workshops and special events
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Co-op grocery plans take shape

August 3, 2009
Comments(42)
Indy Food Cooperative plans to open the city's first not-for-profit grocery store in a 70-year-old former appliance store along East 10th...
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Former jail up for sale

July 27, 2009
Comments(44)
The owner of a former Community Corrections jail facility at the southwest corner of Delaware and Maryland streets has put the building up for sale,...
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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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