Development/Redevelopment

Residents of Packard condos settle suit with developer

August 21, 2014
Cory Schouten
Residents of downtown's The Packard condominiums have settled a two-year-old lawsuit with developer Kosene & Kosene Residential.
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New Grand Park in Westfield already $6M over budget

August 21, 2014
Associated Press
The Westfield City Council this month voted 5-1 to lend the project $6 million from a city infrastructure fund, money that the administration said would be repaid through future sponsorship revenue and possible litigation windfalls.
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Engineers: Union Station requires $3.7 million in emergency repairs

August 20, 2014
Kathleen McLaughlin
The Department of Metropolitan Development could tap the downtown TIF fund to cover the costs. The problems were uncovered after bricks fell off the station's south wall in December 2012.
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Gatling Gun Club building proving to be tough sell

August 19, 2014
Scott Olson
The building on North Illinois Street has been vacant since 2008. A downtown bar owner who acquired it nearly four years ago put it back on the market after giving up on plans to move her business there.
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Real estate company proposing $26 million development

August 18, 2014
 IBJ Staff
Becknell Industrial LLC has proposed a $26 million, three-building development on the northwest side of Indianapolis that would be ready for tenants by early 2015.
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Good Earth exits appeal of Broad Ripple project

August 18, 2014
Scott Olson
The $30 million development has been delayed by a request to repeal a zoning change for the property. Though Good Earth is no longer involved, a local resident is continuing his fight against the project from Browning Investments Inc.
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Sun King plans $8.8M brewery, tasting room in Fishers

August 18, 2014
Andrea Muirragui Davis
Homegrown craft-beer maker Sun King Brewing Co. plans to build a second production facility and tasting room in Fishers, adding capacity as it widens its reach. The Town Council will consider a $2.5M economic development deal Monday night.
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Children’s Museum expands footprint

August 16, 2014
Scott Olson
The Children’s Museum of Indianapolis plans to begin tearing down a nearby apartment building this month and is starting to explore options for the site that could include an outdoor attraction.
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Buckingham reignites plan for Lantern Commons project

August 11, 2014
Scott Olson
Buckingham's plans for the property at U.S. 31 and 161st Street in Westfield show a mix of retail and residential uses.
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Browning/Duke building huge Plainfield distribution facility

August 11, 2014
The speculative building totaling more than 930,000 square feet will be constructed at the developers' AllPoints Midwest industrial park.
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Building spree reshaping Broad Ripple VillageRestricted Content

August 9, 2014
Dennis Barbosa
A rush of new office, residential and retail projects suggest real estate developers in Broad Ripple Village remain optimistic in the midst of high-profile incidents of crime.
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City OKs $10M in street upgrades for natatorium plan

August 6, 2014
 IBJ Staff
The Indianapolis Metropolitan Development Commission on Wednesday approved $10 million in downtown tax-increment financing funds to pay for street improvements on the IUPUI campus. The contribution works in conjunction with IUPUI's $20 million overhaul of the IU Natatorium.
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Ten-acre parcel near Colts stadium hits the market

August 6, 2014
Scott Olson
The vacant property west of Lucas Oil Stadium could get a boost from redevelopment efforts at the former GM stamping plant site just across White River.
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After setbacks, Franklin wary of more development deals

August 6, 2014
Associated Press
A backlog of unfinished work by the Franklin Development Corp. is why Mayor Joe McGuinness doesn't want to give new funding to the organization until the pending projects are finished.
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Construction blitz in full swing around Ball State

August 5, 2014
Associated Press
With less than two weeks until the start of classes at Ball State University, businesses in Muncie that will cater to students are racing to complete their building projects.
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State eyes downtown site for $17M archives project

August 4, 2014
Mason King
Officials want developers to submit plans for a site on the American Legion Mall, including an existing historic building and a 36,000-square-foot addition.
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Two-hotel tower proposed across from fieldhouse

August 2, 2014
Scott Olson
A Minneapolis developer wants to build two high-end hotels in the same 15-story building on a surface parking lot downtown across from Bankers Life Fieldhouse.
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Carmel budget hawks want harder line on deals with developers

July 26, 2014
Andrea Muirragui Davis
The Carmel Redevelopment Commission’s 2014 revenue is estimated to exceed expenses by less than $100,000—a narrow margin for an agency with annual debt payments totaling $17.5 million.
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Developer pitches 5-story office building for Broad RippleRestricted Content

July 26, 2014
Scott Olson
A local developer plans to build a five-story office building on the site of a closed American Legion post in Broad Ripple.
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Interactive Intelligence set to break ground on $12.5M building

July 22, 2014
Scott Olson
The 119,000-square-foot structure will be built next to the software developer's headquarters on the northwest side as part of its growth plans to add 430 employees within the next few years.
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Clock ticks on Wigwam's fate

July 18, 2014
Associated Press
Anderson officials say the city will take ownership of the iconic gym, but only if it has a binding agreement by Sept. 2 with a group to reopen the Wigwam.
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Report: Carmel panel may face TIF shortfall but can pay debts

July 17, 2014
Andrea Muirragui Davis
New financial projections suggest the Carmel Redevelopment Commission will have enough annual revenue to pay its debts for the next 15 years before dipping into reserves. But property taxes from the city’s two-dozen TIF districts could fall more than $1 million short as soon as next year.
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Cummins to pick from New York firms to design downtown offices

July 16, 2014
 IBJ Staff
Cummins Inc. plans to pick a proposal from one of three New York-based architecture firms vying to design its global distribution headquarters downtown.
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New downtown concert venue to seat 15,000

July 16, 2014
Scott Olson
A music amphitheater soon will take center stage on the site of the former General Motors metal-stamping plant on the western edge of downtown, sources tell IBJ.
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City focuses on streets in $30M natatorium plan

July 14, 2014
Kathleen McLaughlin
Mayor Greg Ballard on Monday morning unveiled details of the plan, in which IUPUI and Lilly Endowment each contribute $10 million for the IU Natatorium renovation. The city's $10 million part of the plan involves nearby streets.
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  1. "This was a very localized, Indiana issue," he said. As in, Indiana failed to expand Medicaid to cover its poor citizens resulting in the loss of essential medical services, including this EMS company. Well done, Indiana GOP. Here are the real death panels: GOP state governments who refuse to expand Medicaid for political reasons.

  2. In the "one for all, all for none" socialist doctrine the sick die...this plus obama"care" equates to caucasian genocide plus pushed flight to cities thus further eroding the conservative base and the continualed spiral toward complete liberal/progressive/marxist America.

  3. There is a simple reason why WISH is not reporting on this story. LIN has others stations in different markets that are affiliated with CBS. Reporting about CBS blindsiding WISH/LIN due to CBS's greed and bullying tatics would risk any future negoations LIN will have with CBS in other markets.

  4. My best always! Dave Wilson

  5. How did Columbus, Ohio pull off a car share service without a single dollar of public subsidies? They must not have a mayor who is on the take like Indianapolis. Daimler Benz offers Columbus residents their Smart Cars on a market-driven basis: "This has some neat features. Cars don’t have to be picked up and dropped off at fixed points. You find one with your smart phone based on GPS, and drop it off anywhere in the service area you can find a spot – even at a meter. These cars aren’t required to feed the meter so you get free on street parking while using them. I was told this system was put in place on a market basis without subsidies – and that the vendor actually pays the city for the use of the meters." http://www.urbanophile.com/2014/05/26/checking-in-on-columbus/

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