Development/Redevelopment
Foundation finds buyer for 16th Street buildings after 6-year search
February 7, 2012
Tom HartonTwo brothers purchased the pair of connected buildings at the northwest corner of 16th and Alabama streets and will use the
property for a 50-seat café and the offices for Nottingham Realty Group.
MoreNew mixed-use project holds promise for building across street
January 31, 2012
Tom HartonAn 82-year-old downtown commercial building that’s had trouble luring tenants is suddenly positioned to thrive courtesy
of an $85 million mixed-use project planned for a site right across the street.
MorePurchase lifts effort to develop MSA site
January 28, 2012
Kathleen McLaughlinA community development corporation linked to the city of Indianapolis has bought the 1.87-acre parking lot that borders the
former Market Square Arena site, a move that some say could be the catalyst to finally redeveloping the entire vacant site.
MoreApartments rev up residential revival downtown
January 28, 2012
Cory SchoutenAn apartment building spree downtown is getting fresh fuel with an $85 million mixed-use development that will be anchored
by a Marsh grocery.
MoreMarsh to anchor massive new downtown development
January 24, 2012
Cory SchoutenA local developer plans to build a Marsh grocery store and hundreds of apartments in an $85 million project that would replace
a block and a half of surface parking lots in the northwest quadrant of downtown.
MoreBrugge owners eye downtown buildings for brewery, eatery
January 10, 2012
Tom HartonOwners of Broad Ripple’s Brugge Brasserie want to bring a new restaurant concept to the Massachusetts Avenue district
downtown, where they also plan to relocate the craft brewery that supplies beer to Brugge.
MoreLocal developer rescues 1913 apartment building from wrecking ball
January 3, 2012
Cory SchoutenA local developer and historic preservation group have teamed up to save a 1913 apartment building near the Children's Museum
from demolition.
MoreNear-east-side Super Bowl efforts go beyond the big game
December 28, 2011
Francesca JaroszFor a Super Bowl-related initiative to revitalize Indianapolis’ near-east side, the hardest work will come after the
Feb. 5 game.
MoreProgress slow on variety of metro area deals
December 27, 2011
Tom HartonMany projects we reported on here over the past year are still in progress, confirming that the real estate market is still
sluggish.
MoreCity backs string of high-profile real estate projects
December 24, 2011
The administration of Mayor Greg Ballard found its stride in the final year of its first four-year term, at least when it
comes to major publicly supported real estate projects.
MoreReal estate meltdown leaves developers reeling
December 24, 2011
It was another rough year for the real estate sector in 2011, as the homebuilder Estridge filed for bankruptcy, strip-center
specialist Broadbent struggled to hold onto its headquarters, and Centre Properties faced a $43 million foreclosure suit.
MoreNeighborhood eyesore headed for demolition
December 19, 2011
Francesca JaroszThe city is soliciting bids from companies to tear down four buildings on the 16-acre Avanti Development Corp. property, which
is tucked in a residential area a few miles west of downtown Indianapolis.
MoreTransit plan may boost real estate investment
December 17, 2011
Chris O'MalleyA proposed $1.3 billion transit system might bring redevelopment to urban neighborhoods. Yet transit proponents have surprisingly
little to say about how much the system could generate in new real estate investment.
MoreFisher’s IndyCar team building headquarters in Speedway
December 15, 2011
Scott OlsonSarah Fisher Hartman Racing plans to build a $2.7 million facility on Speedway's new Main Street to house her race team. Construction
on the 37,000-square-foot shop could start in February and be finished in September.
MoreProposed Broad Ripple parking garage gets zoning OK
December 13, 2011
Scott OlsonThe controversial project is a $15 million, three-story garage that the city of Indianapolis will subsidize with $6.3 million
in parking meter revenue. The project also features a retail component, which neighbors say will lead to increased traffic.
MoreDeveloper plans 26-story tower along canal
December 10, 2011
Cory SchoutenValparaiso-based Investment Property Advisors wants to build an $83 million apartment project for college students on one
of the last available parcels along downtown’s Central Canal.
MoreIndianapolis' revitalized Georgia Street is work in progress
December 10, 2011
Cory SchoutenWorkers finished $12.5 million in improvements between the Indiana Convention Center and Conseco Fieldhouse in November. Now
will building owners bring the entertainment spot to life?
MoreEx-Speedway boss plans 4-lot subdivision on north side
December 6, 2011
Scott OlsonFormer Indianapolis Motor Speedway CEO Tony George and his wife had tried unsuccessfully to sell their 12-acre wooded estate
and now are planning to divide the land into a four-lot subdivision.
MoreNeighbors oppose gas station at 16th and Central
December 3, 2011
Francesca JaroszResidents of an area near the intersection of Central Avenue and 16th Street are sparring with owners of a site on its northwest
corner who want to build a gas station there. The neighbors had other hopes for the spot, as part of their plans for a pedestrian-friendly
16th Street corridor.
MoreRipken eyes Indy for major youth baseball complex
November 23, 2011
Anthony SchoettleOfficials for Ripken Baseball Inc., which operates two of the country's top youth baseball facilities, are considering Indianapolis
as a location for a major complex that could cost up to $20 million to build and draw thousands of players and spectators
each year.
MoreMass Ave deal's brokerage fee raising eyebrows
November 19, 2011
Cory SchoutenA real estate brokerage picked by the city to spearhead redevelopment of a prime Mass Ave parcel occupied by the Indianapolis
Fire Department stands to collect a million-dollar-plus payday if it closes the deal.
MoreCivic leaders urge Ballard to tackle woes facing urban core
November 12, 2011
Francesca JaroszCommunity leaders are coalescing around a three-prong strategy to attract residents and capital to neighborhoods from just
outside downtown to the borders of Interstate 465. It’s not yet clear whether all the initiatives will have the full
support of Indianapolis Mayor Greg Ballard.
MoreObscure not-for-profit covering shortfalls in Carmel
November 12, 2011
The Carmel City Center Community Development Corp. has emerged as a key player in the city’s burgeoning downtown. The
not-for-profit 4CDC last month gave the performing arts center $1 million to cover its operating expenses, and it’s
expected to provide another $4.5 million through June 30.
MoreBroad Ripple buildings slated for office conversion
November 8, 2011
Tom HartonKyle Robinson and Drew Loftus are in the process of buying and rezoning a trio of vacant, connected buildings at 6334 Westfield
Blvd., where the Monon Trail crosses the canal.
MoreBuyers edging back into Indianapolis commercial real estate
November 5, 2011
Cory SchoutenMost buyers are bottom-fishers, investors looking for better returns or companies wanting their own building.
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The FDIC is funded by assessments paid by banks, not taxpayers. That is not to say that bank customers don't ultimately pay the cost because, in the end, banks don't survive if they don't make profits.
SCB Bank's failure is expected to cost the government $33.9 million,dont you mean middle class another bailout our government has no money
Diogenes, the company did not call "pro-life" statements inflammatory. The IBJ article used the words "pro life."
All, the company did, is what it should do which is apologize profusely for offending people with a program that offered statements that support an infamous apartheid proponent, Dr. Verwoerd, suggest that sometimes rape is justified, and quote Biblical text to people, not looking for it.
If this is what you think is "insanity" then more companies need to behave insanely.
I totally disagree with $45mil being given to the state Attorney General's office. That money is a waste. All of the money should go to help the homeowners & the people who were foreclosed on. Why such a big percentage to state govt? They'll get to start another agency staffed with people who have new-found power & don't care about the people they serve. As soon as the program was announced, I knew the states would end up with a huge chunk of the money for themselves that would just be squandered. Or maybe Mitch Daniels will just happen to "find" another big chunk of money that was "posted in the wrong section of the state's books."