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Development/Redevelopment
Real estate deals picking up around Fashion Mall
June 4, 2011
Cory SchoutenOwners of the Sheraton Indianapolis are converting one of its towers into luxury apartments, and developers are vying to replace
the vacant Woodfield Centre.
MoreKosenes take on ex-partner in court
June 4, 2011
Cory SchoutenPrincipals in Kosene & Kosene Development have sued a former partner, claiming he’s trying to cut them out of a
city-supported deal to redevelop the former Bank One Operations Center downtown.
MoreCentral State redevelopment plan gets new life
May 28, 2011
Francesca JaroszA dormant plan to redevelop the 150-acre former Central State Hospital campus is starting to get momentum. Developers anticipate
spending $100 million to $150 million to revamp the site. With online photo gallery
MoreCity Market set to oust 19-year tenant Enzo Pizza
May 25, 2011
Scott OlsonDirectors of the historic building have notified the pizza restaurant that it needs to have its equipment removed by the end
of the day on Friday after the two sides could not agree on a new lease.
MoreChildren's Museum holds key to Winona redevelopment
May 24, 2011
Kathleen McLaughlinThe Children’s Museum of Indianapolis is playing the role of lead developer for the abandoned Winona Hospital site.
MoreNew TIF districts could spur urban development
May 21, 2011
Francesca JaroszIndianapolis leaders have targeted four core urban areas for renewal, taking steps to create new tax-increment-financing districts
to seed economic development there.
MoreCity proceeding with public safety complex at Eastgate
May 18, 2011
Scott OlsonCity-County Council grants approval for the city to enter into a 25-year lease with the owner of the former Eastgate mall
to take 76,000 square feet for a Regional Operations Center.
MoreRatio finishing City Market design work
May 17, 2011
Scott OlsonThe architectural firm is set to be awarded a $120,000 contract to complete the work after the original designer of the renovations,
Woollen Molzen and Partners Inc., disbanded last month.
MoreFountain Square project to include concert venue
May 17, 2011
Tom HartonThe new owner of a 110-year-old building in the heart of Fountain Square is planning a renovation and expansion that will
turn it into a restaurant, bar and 450-seat music hall called Pioneer.
MoreIndianapolis council OKs razing of Keystone Towers
May 16, 2011
Associated PressThe City-County Council in Indianapolis has voted to spend $4 million to demolish the abandoned 15-story Keystone Towers and
the long-vacant former Winona Hospital.
MoreZionsville residents disagree on commercial development
May 14, 2011
Francesca JaroszAfter property tax caps crimped local dollars in Zionsville and a school funding referendum failed, many residents have decided
it’s time to attract more commercial development. But they are tangled in a hot dispute over how to achieve that goal.
MoreRetail, eateries planned for Keystone office area
May 14, 2011
Cory SchoutenA local developer’s $12 million project is transforming a four-story office building and five acres of surface parking
lots adjacent to The Fashion Mall at Keystone into a new retail and restaurant destination.
MoreAnother setback for The Uptown as judge appoints a receiver
May 11, 2011
Cory SchoutenA Marion County judge has appointed a receiver to take control of three properties involved in a long-delayed redevelopment
proposal for College Avenue between 49th and 50th streets.
MoreEastgate redevelopment reaches crucial crossroads
May 10, 2011
Tom HartonLifeline Data Centers, which bought Eastgate in 2008, plans to invest $10 million into the property this year if the Department
of Public Safety moves forward with plans to lease 78,000 square feet.
MoreCity seeks bids for $300M sewage tunnel system
May 9, 2011
Cory SchoutenCity officials are seeking bidders for the first phase of Indianapolis' largest-ever public works project, an underground
tunnel system equipped to store millions of gallons of raw sewage and prevent the excrement from flowing into local waterways.
MoreAirport seeks broker to market ex-ATA HQ
May 5, 2011
Chris O'MalleyThe Indianapolis Airport Authority plans to hire a broker to market the 16.5-acre campus along Washington Street near Indianapolis
International Airport once used by ATA Airlines. It has been vacant for three years.
MoreSchool moving to vacant downtown building
May 3, 2011
Tom HartonA small private school that serves gifted and talented students intends to move to a downtown building that has been vacant
since a daycare center moved out three years ago.
MoreTwo area landmarks make ‘Most Endangered’ list
May 2, 2011
This year's list compiled by Indiana Landmarks includes the Taggart Memorial at Riverside Park in Indianapolis and a portion
of historic downtown Greenwood.
MoreRethinking Monument Circle in Indianapolis
April 30, 2011
Gabrielle PoshadloIBJ gathered advice from local and national experts about what should be done to improve the city's most prominent
public space and where Indianapolis should look for inspiration.
MoreDeveloper proposing $100M project for Carmel
April 30, 2011
Cory SchoutenA proposed 64-acre development west of U.S. 31 in Carmel would help satiate a craving for retail, but it faces a tough fight
from neighborhood groups that want to preserve the thoroughfare’s residential character.
MoreLocal developer seeks bankruptcy protection
April 29, 2011
Scott OlsonPlatinum Properties LLC, an Indianapolis upscale residential real estate developer, sought Chapter 11 protection on Monday,
listing several huge debts to prominent local businesses and business people.
MoreDeveloper plans $13M senior-living center in Westfield
April 27, 2011
IBJ StaffCicero-based developer Mainstreet Property Group LLC plans to build a $13.3 million senior health care center in Westfield.
The 65,000-square assisted living facility will employ about 150 people when it opens in 2012.
MoreEssex Hotel site remains undeveloped despite city deal
April 23, 2011
Cory SchoutenSixteen years after the former Essex Hotel was razed, the site remains a parking lot although a 1990 agreement with the city
required its owner to develop the space within five years if the building were torn down.
MoreAllison to add 200-plus jobs over next two years
April 19, 2011
IBJ StaffAllison Transmission plans to invest $89 million to grow its headquarters and manufacturing operations, creating as many as
205 jobs by 2013.
MoreWest 10th Street to be rerouted in Speedway
April 18, 2011
Kathleen McLaughlinThe town of Speedway will reroute West 10th Street to help Allison Transmission consolidate its parking lots and accommodate
new employees tied to a hybrid transmission the company is developing.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.