Development/Redevelopment

New TIF districts could spur urban development

May 21, 2011
Francesca Jarosz
Indianapolis leaders have targeted four core urban areas for renewal, taking steps to create new tax-increment-financing districts to seed economic development there.
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City proceeding with public safety complex at Eastgate

May 18, 2011
Scott Olson
City-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.
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Ratio finishing City Market design work

May 17, 2011
Scott Olson
The 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.
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Fountain Square project to include concert venue

May 17, 2011
Tom Harton
The 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.
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Indianapolis council OKs razing of Keystone Towers

May 16, 2011
Associated Press
The 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.
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Zionsville residents disagree on commercial development

May 14, 2011
Francesca Jarosz
After 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.
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Retail, eateries planned for Keystone office areaRestricted Content

May 14, 2011
Cory Schouten
A 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.
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Another setback for The Uptown as judge appoints a receiver

May 11, 2011
Cory Schouten
A 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.
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Eastgate redevelopment reaches crucial crossroads

May 10, 2011
Tom Harton
Lifeline 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.
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City seeks bids for $300M sewage tunnel system

May 9, 2011
Cory Schouten
City 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.
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Airport seeks broker to market ex-ATA HQ

May 5, 2011
Chris O'Malley
The 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.
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School moving to vacant downtown building

May 3, 2011
Tom Harton
A 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.
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Two 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.
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Rethinking Monument Circle in Indianapolis

April 30, 2011
Gabrielle Poshadlo
IBJ 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.
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Developer proposing $100M project for Carmel

April 30, 2011
Cory Schouten
A 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.
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Local developer seeks bankruptcy protection

April 29, 2011
Scott Olson
Platinum 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.
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Developer plans $13M senior-living center in Westfield

April 27, 2011
 IBJ Staff
Cicero-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.
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Essex Hotel site remains undeveloped despite city dealRestricted Content

April 23, 2011
Cory Schouten
Sixteen 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.
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Allison to add 200-plus jobs over next two years

April 19, 2011
 IBJ Staff
Allison Transmission plans to invest $89 million to grow its headquarters and manufacturing operations, creating as many as 205 jobs by 2013.
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West 10th Street to be rerouted in Speedway

April 18, 2011
Kathleen McLaughlin
The 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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Unusual North of South deal leaves taxpayers vulnerable

April 16, 2011
Cory Schouten
The $156 million North of South project is a complicated, risky and potentially transformative bet on downtown.
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City Market upgrades on track for June completion

April 16, 2011
 IBJ Staff
The main hall is being improved as the east wing is converted to a hub for bicyclists.
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Bill Cook, medical device magnate and philanthropist, dies at 80

April 15, 2011
 IBJ Staff and Associated Press
The founder of Bloomington-based life sciences giant Cook Group Inc. and the wealthiest man in Indiana leaves a legacy of dozens of historic structures saved from decay or demolition. He also was a major donor to Indiana University and its athletics department.
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Insurance agency revives plans for downtown building

April 12, 2011
Tom Harton
McGowan Insurance Group plans to build a $2.75 million, 19,000-square-foot building at 355 Indiana Avenue.
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Condo sales lag in hot downtown apartment market

April 5, 2011
Cory Schouten
New apartment projects carrying premium rents are popping up all over downtown, but the strong demand for urban living isn't providing much of a boost for the condo market.
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  1. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

  2. 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!

  3. Coming from her background,she should be used to those kinds of advances! Menard probably figured it was ok to tuck a buck!

  4. I'm still waiting for the list of available, high quality apartments in the Village.

  5. This criminal masquerading as a lawyer obviously has serious issues. He’s been proven by his own testimony to be a pathological liar and probably has a personality disorder as he seems to be constructing a reality around himself. He places no value on truth, honesty or loyalty as evidenced by what he has done to his clients and his own family. And by the demands and lies he has made in court, it is evident he feels entitled to do and say whatever suits his purpose and everyone else is expected to nod obediently and believe him because he is, after all, Bill Super Lawyer; or BS lawyer for short. This millionaire wanna-be no longer owns anything of value; he squandered it and put everything he had into foreclosure. He has no money, house, car, boat or vacation home left to show for what he earned or what he stole. He’s just another loser without morals who will be doing time. I’m certain all of his courtroom shenanigans are antagonizing his poor victims. As Lamar said, his behavior and claims in court have been outrageous. The judge needs to be more than concerned; he needs to be judicial and end this nonsense.

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