Development/Redevelopment

Former NBA player Henderson gets city OK to build home

December 12, 2012
Scott Olson
Former Indiana University and NBA basketball player Alan Henderson got approval to build a home on Indianapolis’ north side in spite of fierce opposition from neighbors.
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Pedcor to start second phase of Carmel's City Center

December 11, 2012
Tom Harton
The Nash, a three-story, $10 million mixed-use building, is to be built just south of City Center on the west side of Rangeline Road.
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Retail, apartment blitz hits Fishers

December 8, 2012
Cory Schouten
It seems as if all of Fishers is under construction—and not just the perpetual improvements to Interstate 69. Developers have lined up a multitude of deals adding residential and commercial space, projects that are coinciding with the town’s recent voter-approved transition to a city.
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How 3 real estate entrepreneurs expanded during slowdownRestricted Content

December 8, 2012
Cory Schouten
Aasif Bade of Ambrose Property Group, Tadd Miller of Milhaus Development and Joe Whitsett of The Whitsett Group saw opportunity as many rivals retrenched.
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Bloomington approves $27 million downtown hotel project

November 27, 2012
Associated Press
The Bloomington City Council has approved giving up some city property for construction of a $27 million Hyatt Hotel near the downtown courthouse square.
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Lawmaker seeks funding to tackle abandoned housingRestricted Content

November 24, 2012
Kathleen McLaughlin
State Rep. Ed Clere plans to introduce a bill that would give municipalities explicit powers to create land banks, which can sell surplus property for redevelopment. He also wants to include a revenue source to support land-bank operations and eliminate tax-foreclosure sales as a form of investor speculation.
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Airport Authority continues to fight off-site parking lot

November 20, 2012
Chris O'Malley
The Indianapolis Airport Authority has taken its fight against an off-airport parking operator to the Indiana Court of Appeals after exhausting its options in Marion County Superior Court.
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Indianapolis receives $39M loan guarantee from HUD

November 20, 2012
The city will use the funding to establish a Community and Economic Loan Pool to provide financing for economic development and housing rehabilitation initiatives to benefit people of low and moderate incomes.
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Developer unveils 16-home project just east of downtown

November 20, 2012
Tom Harton
The Re-Development Group Inc. bought a1.6-acre site at New York Street and Highland Avenue last May and will raze three 1960s-era office/warehouse buildings to make way for home construction in 2013.
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Carmel project dogged by conflict questionsRestricted Content

November 17, 2012
Kathleen McLaughlin
An executive ousted from the firm developing The Barrington in Carmel alleges that the $142 million retirement-community project was driven by conflicts of interest.
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Downtown Crowne Plaza undergoing $8M renovation

November 14, 2012
Guest rooms will receive new furniture and bathrooms new floor tile and granite countertops. Improvements also will be made to public and meeting spaces, in addition to food and beverage areas.
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One Mass Ave project starts; another one is in limbo

November 13, 2012
Tom Harton
Insight Development has begun building an $11.5 million, 61-unit apartment project at Massachusetts Avenue and East and North streets. But  the fate of the second phase is up in the air because its financing had been tied to a project Insight and Flaherty & Collins Properties had hoped to develop across Mass Ave at the site of the Indianapolis Fire Department headquarters.
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$33 million mixed-use project to remake FishersRestricted Content

November 10, 2012
Cory Schouten
Fishers officials are finalizing a deal with a local developer for a mixed-use project that would launch a long-awaited transformation of the town’s suburban core.
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City bans bulk land-bank sales after lopsided deal with not-for-profit

November 3, 2012
Cory Schouten
Indianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors more than $1 million. (with interactive map)
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LA Fitness buys site near Washington Square, boosting area

October 30, 2012
Cory Schouten
LA Fitness plans to build a gym on the former home of a Loews movie theater adjacent to Washington Square Mall in the latest sign of progress for a struggling retail submarket.
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Developer gets OK for second phase of apartment project

October 26, 2012
Scott Olson
Trinitas Ventures of West Lafayette plans to break ground next spring on a $20 million student housing project on Indiana Avenue with 214 units. The developer already has built 253 units on the site.
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Focal point for Mass Ave project: Huge electronic screen

October 25, 2012
Cory Schouten
The most striking feature of a proposed $43-million development along Mass Ave is a Times Square-style electronic screen that would wrap around the building's corner and rise more than three stories.
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City selects developers for Mass Ave project

October 24, 2012
Cory Schouten
City officials have picked the apartment specialist J.C. Hart Co., retail developer Paul Kite Co. and architecture firm Schmidt Associates to redevelop a prime Mass Ave parcel currently occupied by the Indianapolis Fire Department.
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Developer secures financing for $9M Irvington project

October 18, 2012
 IBJ Staff
Developers are one step closer to building a $9 million apartment project to replace a blighted former hotel in Irvington.
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Milhaus buying site for more downtown apartments

October 9, 2012
Tom Harton
The local developer has agreed to purchase the former Mitchell & Scott industrial complex in the 600 block of College Avenue and is in the process of pulling together a plan for the site.
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City waterways initiative floats economic development ideas

October 6, 2012
Mason King
More than 100 local groups are joining forces to rehabilitate neglected rivers and streams in Marion County in the hope of sparking redevelopment.
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Keystone Group picked for Butler mixed-use projectRestricted Content

October 6, 2012
The university chose Keystone over Kite Realty Group and Lauth Property Group to build housing, retail and parking worth up to $45 million.
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Developer targets long-empty College Avenue retail building

October 2, 2012
Tom Harton
Teagen Development Inc. has a purchase agreement for the 6,600-square-foot building at 1101 N. College Ave., rescuing it from an attempt—since withdrawn—to demolish the structure.
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Big names competing for Butler projectRestricted Content

September 29, 2012
Cory Schouten
Butler University is finalizing plans for a mixed-use parking garage project near Clowes Hall that would include neighborhood retail and housing and might cost as much as $45 million.
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Second-tier office buildings Indianapolis now top-of-mind for buyersRestricted Content

September 22, 2012
Mason King
Class B admirers are benefiting from low prices and lending rates, and turning the buildings into apartment and company headquarters.
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  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

  4. Send them back NOW.

  5. deport now

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