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Development/Redevelopment
Keystone Towers implosion set for late August
August 1, 2011
IBJ StaffThe long-vacant Keystone Towers apartment complex will be imploded Aug. 28 at 8 a.m., the Department of Metropolitan Development
announced Monday afternoon.
MorePrecedent joins ranks of battered developers
July 30, 2011
Cory SchoutenThe Precedent Cos.—the local developer of The Precedent Office Park, Mount Comfort Commercial Park and several upscale
residential communities in Hamilton and Johnson counties—is winding down operations in an out-of-court restructuring.
MoreCity poised to rebrand, revamp Georgia Street
July 23, 2011
Cory SchoutenCommunity and business leaders are considering whether to change the name of a three-block portion of Georgia Street as part
of a $12 million streetscape overhaul.
MoreIUPUI track stadium dodges wrecking ball
July 19, 2011
Anthony SchoettleThe Michael A. Carroll Track and Soccer Stadium, which school officials considered demolishing a few years ago, is getting
a face-lift that includes a new $1.2 million infield surface.
MoreCity ready to take down 1,100 abandoned homes
July 18, 2011
Francesca JaroszWith the sale of its water and sewer utilities cleared by regulators, the city of Indianapolis is preparing to deploy $15
million to $25 million in funds from the deal into tearing down abandoned houses.
MoreDeveloper tries 'pocket' neighborhood in Carmel
July 16, 2011
Cory SchoutenA veteran local homebuilder is tearing up the suburban residential playbook with a new project in Carmel that offers tightly
spaced bungalows clustered around grassy courtyards.
MoreBush Stadium rehab is Watson's latest creative project
July 16, 2011
Katie MaurerLongtime Indianapolis developer launches spirited attempt to save baseball palace.
MoreCity exploring Mass Ave redevelopment options
July 8, 2011
Scott OlsonProperty that houses Indianapolis Fire Department facilities on North New Jersey Street, bordering Massachusetts Avenue, could
be sold to private developers. In turn, city police and fire services could be better connected.
MoreMcNamara moving from Broad Ripple after 57 years
July 7, 2011
Scott OlsonThe florist is moving from the Broad Ripple retail space it has occupied since 1954. Local developer Buckingham Cos., which
purchased the property in 2000, is preparing for the redevelopment of Monon Place.
MoreLender's suit says homebuilder owes $12.8M on loans
July 5, 2011
Scott OlsonM&I Bank filed the suit against J. Greg Allen, charging he defaulted on two loans he took out to buy 73 acres of land on the
northeast corner of Emerson Avenue and County Line Road on Indianapolis' south side.
MoreM&I Plaza revamping entry, lands King David and Main Street Deli as tenants
July 2, 2011
IBJ StaffThe main entrance is getting a $1 million makeover as the 28-story building prepares to welcome two new restaurant tenants.
MoreLocal developer ready to start $18M project
July 1, 2011
Associated PressIndianapolis-based Buckingham Cos. is expected to start construction this summer on an $18 million, 146-unit apartment building
in downtown Columbus.
MoreHousing agency breaking ground on $30M Lugar Tower project
June 29, 2011
The project includes renovations to the 15-story apartment building in downtown Indianapolis, as well as the construction
of two mixed-income buildings containing a total of 74 units at its base.
MoreOwner of several properties south of Mass Ave starts to divest
June 28, 2011
Tom HartonThe pending sale of two historic buildings and a vacant lot just south of Massachusetts Avenue is the first of what could
be several deals in the area as one of its largest property owners begins to divest its holdings.
MoreLocal contractor wins Keystone Towers demolition bid
June 27, 2011
IBJ StaffDenney Excavating of Indianapolis has been granted the contract to demolish the vacant Keystone Towers apartment complex with
a bid $827,000.
MoreChambers quietly built Buckingham into real estate colossus
June 25, 2011
Cory SchoutenThe North of South mixed-use project in downtown Indianapolis is just the latest development for Brad Chambers, who started
out in the landscaping business.
More16 Park project helping to transform Indianapolis neighborhood
June 25, 2011
Scott OlsonThe first building of a new complex on near-north side is set to be completed in August
MoreCommission: Turn dying GM plant into vibrant neighborhood
June 24, 2011
J.K. WallA 10-member commission told city leaders to turn the defunct 115-acre General Motors metal stamping plant site into a hip,
funky neighborhood with an eye-catching bridge across the White River for easy access to downtown.
More$100M 'Bridges' project in Carmel wins approval
June 21, 2011
Cory SchoutenA proposal for a roughly $100 million mix of retail, office and apartments along Springmill Road south of 116th Street was
OK'd Monday night by the Carmel City Council after numerous concessions.
MoreTentative settlement reached in lawsuit over historic church
June 21, 2011
Tom HartonA provisional settlement in a federal lawsuit filed last September against the city by St. John United Church of Christ gives
parties in the case six months to find a buyer for the nearly 100-year-old church.
MoreDeveloper puts Cosmopolitan complex on block
June 20, 2011
Cory SchoutenThe Cosmopolitan on the Canal, a 218-unit upscale apartment complex in downtown Indianapolis that cost more than $33 million
to build, has been put on the market by Flaherty & Collins Properties.
MoreCity leaders look to 16th Street as future tech hub
June 16, 2011
Francesca JaroszOfficials on Thursday shared details of a long-term plan to redevelop an industrial stretch northwest of downtown with the
goal of attracting hundreds of residents and dozens of high-tech companies to the area.
MoreCircle Idea Competition finalists selected
June 15, 2011
Gabrielle PoshadloPosters highlighting the top 12 proposals will be on display in Monument Circle storefronts until June 26 so members of the
public can vote for their favorite. The ideas could be used by planners plotting the future of the downtown space.
MoreCity picks team for $15M Broad Ripple parking garage
June 13, 2011
Anthony SchoettleThe structure planned for the southwest corner of Broad Ripple and College avenues also would include first-floor retail space
and a police substation. Construction is set to begin this summer and be complete by mid-2012.
MoreEffort to save minority car dealer lands Bill Mays in ditch
June 11, 2011
Greg AndrewsPNC Bank last month sued Mays, one of the city’s most prominent black businessmen, charging he defaulted on a $3.5 million
loan he received in 2008 that has an unpaid balance of $2 million.
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In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.
I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?
Perhaps the IMA board is really to blame! They agreed to hire Charles. They can't seemingly find donors among themselves, or bring in new blood that will support the museums operating budget with an expanded museum and money to provide curators with something to do (ie buy art). The headlines of disarray at the museum and mass firings are hurting the reputation of the museum for some time to come. If people on the board had misgivings, perhaps they shpuld have more forcefully opposed efforts that they have seemingly been unable to fund, like expansion and the costs it has created!
See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.