Development/Redevelopment

Meadows neighborhood developer aims for retailRestricted Content

July 14, 2012
New housing, health facility could help attract grocer.
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City launches extensive rezoning initiative

July 10, 2012
Tom Harton
The nearly $2 million effort, named Indy Rezone, is being steered by city planners, private developers, elected officials, architects, community activists and others.
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Board's ruling puts Fall Creek home sites back on marketRestricted Content

July 7, 2012
Cory Schouten
Buyers have quickly snapped up two home sites and the city might sell seven more on a stretch of Broadway Street where The Oaks Academy had hoped to build a soccer field.
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Rivoli Theatre finally cleared for comeback

July 3, 2012
Tom Harton
A legal battle that had threatened the east-side landmark has been settled, and a $300,000 grant has been secured to begin stabilizing it.
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Commission to recommend more limits on local TIFs

June 28, 2012
Kathleen McLaughlin
A study commission on tax-increment financing will vote Thursday evening on a set of policy recommendations that would limit the use of TIF districts in Indianapolis.
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TIF study highlights district shortfallsRestricted Content

June 23, 2012
Kathleen McLaughlin
The tax-increment finance district created around the former United Airlines maintenance hub at Indianapolis International Airport doesn’t generate enough revenue to meet its annual debt payment. Neither do several other area TIF districts.
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Whitsett's Lockerbie project will be market rate

June 19, 2012
Tom Harton
Whitsett was counting on selling state-issued affordable housing tax credits to finance the $27 million project, but it wasn’t among the projects awarded credits.
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16 Park developer to rebuild after 'heartbreaking' fire

June 18, 2012
Scott Olson
The Friday blaze engulfed a four-story, 28-unit apartment building due to open this fall as part of the $34 million 16 Park project. The Indianapolis Housing Agency says construction will resume as soon as possible.
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Cause, origin of apartment building fire undetermined

June 16, 2012
 IBJ Staff and Associated Press
The fire destroyed part of 16 Park, a $34 million affordable housing development that's intended to help spur a revival of the 16th Street corridor.
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Buckingham recruiting tenants for CityWay office buildingRestricted Content

June 16, 2012
Structure to be built steps away from Rolls-Royce, Lilly and newly built apartments and retail space.
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Illinois Place apartments planned for former Winona site

June 13, 2012
Scott Olson
The $6.5 million project, led by the Children's Museum of Indianapolis, will include 50 apartment units, 22,000 square feet of commercial space and a 2-acre park. Construction could start by the end of the year.
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Angie's List CEO Oesterle grows east-side footprintRestricted Content

June 9, 2012
Kathleen McLaughlin
Bill Oesterle’s firm Henry Amalgamated has purchased 48 properties in the Holy Cross neighborhood from 2006 through this May. Nearly 40 percent of those purchases have been made since Angie’s List struck a $7.1 million incentives deal with the city of Indianapolis in October.
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Spec office building near Keystone to be first since 2008Restricted Content

June 9, 2012
Cory Schouten
A local developer plans to break ground this month on a three-story office building near Keystone at the Crossing that would be the market’s first speculative office development in four years.
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Keystone revamps Broad Ripple garage after zoning defeatRestricted Content

June 9, 2012
Cory Schouten
The developer of a $15 million parking garage and retail project in Broad Ripple has overhauled its plans to comply with flood-plain rules and expects to start construction this month.
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Study proposed on future of Anderson's Wigwam gym

June 6, 2012
Associated Press
An architect is proposing a study for finding a new use for Anderson's closed Wigwam gymnasium, possibly turning it into a convention center.
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Proposal calls for city planners to consider non-drivers

June 4, 2012
Chris O'Malley
Planners designing roads would formally be required to look beyond the needs of motorists and pedestrians—to also consider bicyclists and public transportation users—under an ordinance to be considered Monday night by the City-County Council.
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Developer ups retail ambitions for 86th-and-Keystone siteRestricted Content

June 2, 2012
Cory Schouten
A Wisconsin developer has beefed up plans for the southwest corner of East 86th Street and Keystone Avenue across from The Fashion Mall at Keystone.
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Mainstreet signs operator for new health care properties

May 30, 2012
Kathleen McLaughlin
A Cicero-based developer has signed a national senior-living company to operate four new properties it plans for Indiana.
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CityWay developer funding downtown murals

May 30, 2012
Kathleen McLaughlin
The CityWay development is generating more work for artists—this time three Indiana muralists who will paint the facades of downtown-Indianapolis rail bridges.
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Buckingham reviving Gramercy project with smaller plans

May 29, 2012
Kathleen McLaughlin
Buckingham Cos. has revived plans to redevelop the massive Mohawk Hills apartment complex in Carmel, but the latest version of its Gramercy project takes a huge step back from the original dense, urban-revival-style plan the developer proposed six years ago.
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Greenwood eyes more office parks for I-65 corridor

May 29, 2012
Associated Press
Greenwood Mayor Mark Myers wants to see more offices, corporate headquarters and medical facilities along Interstate 65. He's been meeting with business owners and developers in the area to discuss ways they can team up to pursue that goal.
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City delays approval of downtown parking garage

May 24, 2012
Scott Olson
A local developer's plans for a parking garage, part of an $85 million project, met resistance from a city official who said the structure's design needs to be more "pedestrian-friendly" for the area of Illinois and New York streets.
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Children's Museum selects developer for Winona site

May 23, 2012
Local affordable housing developer The Whitsett Group has been chosen to redevelop the site on North Meridian Street. Its other major development is a $22 million project set for the former Keystone Towers site.
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First stage of $85M downtown project up for approval

May 22, 2012
Scott Olson
The city is set to hear a request on Thursday by a local developer to build a five-story parking garage at the corner of New York and Illinois streets downtown. The garage is part of a development that would be anchored by a Marsh store.
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Retail lineup taking shape for CityWay project

May 22, 2012
Cory Schouten
CityWay has landed a fine dining restaurant, a mixology bar, a Qdoba and a frozen yogurt shop as developer Buckingham Cos. turns its attention to the retail portion of the $155 million mixed-use project.
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