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Development/Redevelopment
Veteran custom homebuilder taking prefabs downtown
June 15, 2013
Scott OlsonUrsula David is out to dispel the perception that modular homes are little more than glorified double-wides. David, who started
Ursula David Homes 20 years ago, is concentrating on a new project, Indy Mod Homes, and is targeting an unlikely place for
the prefabs—the urban core.
MoreIndianapolis moving forward with startup land bank
June 15, 2013
Kathleen McLaughlinThe executive director of the Land Bank of Indianapolis anticipates working with the city to issue a request for qualifications
aimed at charitable and for-profit entities interested in acquiring properties.
MoreAT&T building's new owner targets first-floor retail
June 11, 2013
Scott OlsonGeis Properties, a division of Streetsboro, Ohio-based Geis Cos., purchased the 558,000-square-foot building for $16.5 million
late last month from AT&T, which is reducing its downtown presence.
MoreCenter Township trustee to list Mass Ave building
June 8, 2013
Kathleen McLaughlinThe township board in late May gave Trustee Eugene Akers permission to list the property, which has a five-story office building
on 1-1/3 acres of land.
MoreRiley CDC names successor to retiring executive director
June 8, 2013
Eric Strickland’s appointment was effective June 1. He brings more than 18 years of engineering, real estate development
and economic development experience to the organization.
MoreFishers, Noblesville put cuffs on charities to recoup tax revenue
June 8, 2013
Andrea Muirragui DavisTwo growing Hamilton County communities looking to build their commercial tax base are taking steps to ensure land targeted
for development doesn’t end up in the hands of organizations that don’t pay taxes.
MoreVacant GM stamping plant to be demolished
June 7, 2013
Kathleen McLaughlinThe 2.1 million-square-foot plant, which sits on 102 acres near downtown, opened in 1930 and employed more than 5,000 at its
peak. That number was fewer than 700 when it closed two years ago.
MoreCity’s first spec office building in 5 years opening doors
June 5, 2013
Scott OlsonSourwine Real Estate Services expects to have its $12 million, 80,700-square-foot project finished later this month in one
of the city's hottest north-side development areas.
MoreMuncie council backs $60M project near Ball State
June 4, 2013
Associated PressThe Muncie City Council has approved financing for a six-story parking garage as part of a planned $60 million project with
apartments and commercial storefronts.
MoreCarmel council clashes over support of Midtown project
June 4, 2013
Andrea Muirragui DavisThe Carmel City Council will not support Pedcor Cos.’ application for a state tax credit to help pay for a $100 million
redevelopment project—a contentious decision Mayor Jim Brainard called “unusual and illogical.”
MoreBank seeks to foreclose on architectural firm’s HQ
June 3, 2013
Scott OlsonKeyBank has filed a lawsuit against A2SO4 Architecture and is asking a judge to appoint a receiver to manage the property
at 540 N. College Ave. The bank says it is owed nearly $1 million.
MoreIndyGo jettisons big-name designers
June 1, 2013
Scott OlsonAn internationally known architectural team chosen to design a proposed IndyGo transit hub is no longer on the project, to
no surprise of local architects who insist the transit agency botched the selection process from the start.
MoreMainstreet plans $9.2M nursing home on northwest side
May 31, 2013
Kathleen McLaughlinThe 65,000-square-foot nursing-home and assisted-living facility would feature an Internet cafe, movie theaters and restaurant-style
dining with an on-site chef.
MoreCarmel panel refuses to back Midtown redevelopment plan
May 29, 2013
Andrea Muirragui DavisA $100 million proposal to reinvent an old industrial area in downtown Carmel hit a snag Tuesday, when a City Council committee
decided not to pursue a state tax credit that could help fund the project.
MoreFishers buys properties, moves dirt to draw developers
May 28, 2013
Andrea Muirragui DavisOfficials have quietly struck deals with more than a half-dozen property owners in the triangle-shaped targeted area west
of Lantern Road, east of the railroad tracks and north of 116th Street.
MoreHorizon Bank gains access to Mass Ave with building purchase
May 28, 2013
Scott OlsonMichigan City-based Horizon Bank bought the two-story building at 302 N. Alabama St. for $1.5 million and is embarking on
a "substantial" investment in the property.
More$225M Westfield project in works
May 25, 2013
Andrea Muirragui DavisDeveloper Steve Henke’s vision for Grand Park Village is grand: a 20-acre lake surrounded by an East Coast-style boardwalk
lined with restaurants and shops. He sees a carousel at one end of the lake and a Ferris wheel at the other—with a beach,
mini marina and watering hole in between.
MoreHigh-profile developer chases Indy debut
May 25, 2013
Scott OlsonCleveland-based Forest City Enterprises Inc., developer of the 76-story New York by Gehry in New York City, is teaming with
Keystone Group in its bid to redevelop a prime piece of downtown real estate where Market Square Arena once stood.
MoreBroad Ripple project takes heat at Village meeting
May 24, 2013
IBJ StaffJeering and catcalls greeted officials from Browning Investments, which has proposed the $18 million residential and retail
development along the Central Canal.
MorePittman pitches $90M mixed-use project for Zionsville
May 22, 2013
Andrea Muirragui DavisOne of the highest-profile tracts of undeveloped land in Zionsville could be transformed into a commercial and residential
hub if Pittman Partners' 62-acre project gets the town’s blessing.
MoreAthenaeum weighs bids for surface lot redevelopment
May 18, 2013
Scott OlsonThree developers are competing to build a mixed-use project likely to include a parking garage on a surface lot adjacent to
the historic Athenaeum building.
MoreGreenwood, Whiteland try to spur, shape growth
May 18, 2013
Kathleen McLaughlinTwo Johnson County communities are determined to capture—and control—the next wave of suburban growth.
MoreDevelopment may spawn TIF tug of war
May 11, 2013
Kathleen McLaughlinThe developer of a $17 million mixed-use project proposed for Broad Ripple is expected to seek a city subsidy—support
that at least one City-County councilor believes should be reserved for neighborhoods starved for investment farther south.
MoreWhitsett goes big with Star project
May 10, 2013
Scott OlsonA local developer plans to tear down part of the Indianapolis Star’s downtown headquarters while saving most
of the building in a redevelopment that calls for 350 apartments—more units than the massive CityWay.
MoreDeveloper planning $60M project near Ball State
May 10, 2013
Associated PressInvestment Property Advisors of Valparaiso hopes to build a four-story building wrapping around a six-story parking garage
that will have 228 apartments and storefronts on the street level.
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Saw the Indy Men's Chorus "Music of Gilbert & Sullivan" at the Indiana Historical Society on Sunday evening.
Temporary workers are not "tools" they are people and companies that keep large amounts of temp staff are cheating.
I miss having them around. I hope one of their stores is in the general Meridian/86th Street area. I will make good use of it.
The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!