Development/Redevelopment

Prospective Salesforce tower spurs proposal, concerns

September 30, 2014
Jared Council
News that Salesforce.com wants a signature office tower downtown already has sparked an overture from one developer, shined a spotlight on available sites, and triggered fears about the impact on office vacancy rates.
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Developer plans $9.1M project on Fountain Square parking lot

September 30, 2014
Scott Olson
City officials have selected Deylen Realty's proposal to build a five-story apartment-and-retail project on a surface parking lot the city has owned for years.
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Four-story addition proposed for Mass Ave. office building

September 30, 2014
Scott Olson
Gershman Partners, which bought the Marott Center less than a year ago, wants to build the addition on an adjacent surface lot.
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Southeast-side CDC names new president

September 30, 2014
Southeast Neighborhood Development Inc. selected a veteran city official to take over the position from its current president, who is retiring.
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Ambrose plans $90M distribution development in Plainfield

September 26, 2014
Jeff Newman
Ambrose Property Group has acquired 85 acres near the Indianapolis International Airport where it plans to spend $80 million to $90 million to develop two distribution centers as large as 1 million square feet each.
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Solana apartment complex sells for $60.5 million

September 23, 2014
Mason King
The sale by Indianapolis-based developer Milhaus is just the latest chapter in the twisty story of the high-end development, which is at the southeast corner of East 78th Street and Keystone Avenue.
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Investors plan $6M Grand Park Fieldhouse in Westfield

September 23, 2014
Andrea Muirragui Davis
A private investment group led by Fishers entrepreneur Andy Card on Tuesday announced plans to build Grand Park Fieldhouse, a $6 million indoor facility for basketball and volleyball at Westfield’s Grand Park Sports Campus.
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Prolific Fletcher Place developer tackling another project

September 23, 2014
Scott Olson
Demand for office space in the neighborhood is driving Deylen Realty's $1.2 million redevelopment of a building on South College Avenue that originally housed a bowling alley.
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Meijer planning to build store in Glendale area

September 22, 2014
Scott Olson
The big-box retailer wants to create a 200,000-square-foot store at the southwest corner of 56th Street and Keystone Avenue in a project that would dramatically recast a section of one of the city's busiest commercial corridors.
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HOHMANN: Whatever happened to the fab 16 Tech?

September 20, 2014
Abbe Hohmann / Special to IBJ
Strong leadership is needed for the urban Indianapolis tech park to hit its high potential.
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Skjodt plotting $25 million sports complex

September 20, 2014
Anthony Schoettle
Paul Skjodt, owner of the now-dormant Indiana Ice hockey team, has secured an option on 92 acres in a busy northwest-side corridor for a $25 million multi-use sports complex.
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Manager of Cultural Trail plans HQ project

September 20, 2014
Scott Olson
The not-for-profit that oversees the Indianapolis Cultural Trail and the Indiana Pacers Bikeshare program plans to shed its training wheels and renovate a former service station along the trail as its headquarters.
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Examiner appointed in HDG Mansur bankruptcy case

September 18, 2014
 Bloomberg News and IBJ Staff
An examiner will be appointed to conduct an investigation into the bankruptcies of two affiliates of troubled Indianapolis-based developer HDG Mansur. A judge, for the time being, denied a request to appoint a Chapter 11 trustee or convert the case to a liquidation in Chapter 7.
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Cummins selects firm to design downtown office building

September 16, 2014
Scott Olson
The firm has chosen New York-based Deborah Berke Partners to design its $30 million global distribution headquarters that will be built on part of the site where Market Square Arena once stood.
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Greenwood eyes more land for development along I-65

September 16, 2014
Scott Olson
Though plans for a $22 million hotel and indoor sports complex seem in jeopardy, the city of Greenwood has other projects in the works along Interstate 65, including a new interchange and possibly an apartment development.
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Opus seeks tax breaks on $10.9M building near airport

September 15, 2014
Jeff Newman
A tax-abatement request for the project filed with the city last week said the 434,400-square-foot flex industrial building will be built on a speculative basis.
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Carmel developer pitching $150M Midtown plan

September 15, 2014
Andrea Muirragui Davis
Carmel-based Old Town Development LLC expects to file plans this week for a $150 million redevelopment project on 11 acres in the suburban community’s blighted Midtown area, between Carmel City Center and the Arts & Design District near the Monon Greenway.
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Couple revamps old roadside motel into apartments

September 15, 2014
Associated Press
The Kaiden, a 13-unit hotel just off the National Road between Indianapolis and Greenfield, has been reborn as an apartment building called The Village.
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Year wait expected for start of Wigwam work

September 15, 2014
Associated Press
The developer taking over Anderson's Wigwam gymnasium is expecting to start work at the complex in about a year. The group plans to convert part of the complex into 55 multifamily housing units while maintaining the gym.
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Plaza being built near state fairgrounds coliseum

September 12, 2014
Associated Press
Crews have started building a $2 million pedestrian plaza next to the newly renovated Indiana State Fairgrounds Coliseum.
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Community Health buys Hilton North for redevelopment

September 11, 2014
Scott Olson
The hospital network will close the 221-room hotel along the Interstate 69 corridor by the end of the year and will begin exploring redevelopment opportunities to meet the growth of the network.
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Hilton boutique hotel slated for renovated Consolidated Building

September 10, 2014
Scott Olson
Plans call for a 102-room Home2 Suites by Hilton to be built in what’s known as the annex of the Consolidated Building, at the rear of the vacant, 15-story structure on North Pennsylvania Street.
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Hardware association investing $4M to move downtown

September 9, 2014
Scott Olson
The Indianapolis-based North American Retail Hardware Association bought a building on North Delaware Street downtown and will move its headquarters there following an extensive renovation.
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Ideal owners needed for tricky north-side properties

September 6, 2014
Andrea Muirragui Davis
Size and age complicate the sale of several prominent structures in Boone and Hamilton counties.
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Indiana Legion set to dedicate new headquarters

September 4, 2014
Associated Press
After 88 years in its current downtown Indianapolis location, the group is marking its move from downtown to the former Fort Benjamin Harrison in Lawrence.
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