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Development/Redevelopment
Glick partners on $30M downtown apartment development
February 14, 2011
Cory SchoutenThe lead developer on a long-delayed proposal to redevelop the former Bank One Operations Center has landed a powerhouse partner:
apartment developer Gene B. Glick Co.
MoreKeystone Towers heading toward demolition, city says
February 10, 2011
IBJ Staff and Associated PressAn Indianapolis Department of Metropolitan Development official says the city has plans to tear down the abandoned 15-story
Keystone Towers complex at Allisonville Road and Fall Creek Parkway and seek proposals for redevelopment.
MoreCouncil to vote on funding for North of South project
February 7, 2011
The City-County Council will consider Monday evening whether to allow the city to issue $98 million in bonds to finance a
portion of the controversial $155 million development.
MoreEDITORIAL: North of South project worth the risk
February 5, 2011
We understand the concern expressed by some on the City-County Council over Indianapolis’ role in financing the $155
million project, but there are compelling reasons to approve it.
MoreBond wariness might make it tough for cities to borrow
February 5, 2011
Francesca JaroszInterest rates on municipal bonds have ticked up in the last two months to pre-recession levels as investors have pulled their
money from bond funds in droves. That pattern has begun, gradually, to reverse, but the higher rates could add to the cost
of issuing debt for pending city projects.
MoreFix-up list is long as Indianapolis prepares for 2012 Super Bowl
January 29, 2011
Chris O'MalleyPlenty of opportunities await city officials bent on making downtown shine for the massive event.
MoreBrenwick turns over commercial sales, leasing at Village of West Clay
January 25, 2011
Tom HartonAmbrose Property Group, a commercial leasing and development company headed by former Duke Realty Corp. broker Aasif Bade,
took over for Brenwick, which is primarily a residential developer, at the beginning of the year.
MoreVote on North of South project's bond financing delayed
January 21, 2011
Scott OlsonThe city's Economic Development Committee, which was set to vote on the downtown project's $98 million bond financing package
on Tuesday, chose to wait until February after making a few changes.
MoreHome building suffers another bad year, locally and nationally
January 19, 2011
IBJ Staff and Associated PressBuilding permits filed for new homes in the nine-county Indianapolis area rose just 2.6 percent in 2010, to 3,720. That’s
just 95 more homes than in 2009—the worst year for local home construction in more than a quarter century.
MoreMass Ave property owner gets foothold on Virginia Avenue
January 18, 2011
Tom HartonA downtown advocate who renovated and repopulated a commercial building on what was once a desolate stretch of Massachusetts
Avenue hopes to do the same on Virginia Avenue, where he just closed on the purchase of three contiguous commercial buildings
totaling 15,000 square feet.
MoreCouncil committee to consider North of South bonds
January 17, 2011
Scott OlsonApproval would let city issue $98 million in bonds to finance its portion of the $155 million North of South mixed-use project
set to be built on 14 acres north of South Street between Delaware Street and Virginia Avenue.
MoreCommunity Health plans $12M east-side medical complex
January 17, 2011
Construction is set to begin soon on Community Health Pavilion, a three-story, 55,000-square-foot medical building to be built
on six acres at 7910 E. Washington St.
MoreCitimark rejoins development game
January 11, 2011
Tom HartonThe company last month broke ground on an 8,000-square-foot medical building near 86th Street and Allisonville Road. The project
is the first of three buildings it plans to develop as part of Gardens at Castle Creek.
MoreTrail Side funding finally closes
January 11, 2011
Tom HartonFinancing for construction of a $10 million, mixed-use building at 875 Massachusetts Ave. closed Dec. 22, allowing developers
to proceed with the project after a funding snag nearly killed it.
MoreD-A Lubricant moving from Indianapolis to Lebanon
January 5, 2011
Scott OlsonCompany will purchase 23 acres and have Duke Realty Corp. build a 225,000-square-foot industrial facility in Lebanon Business
Park. The move should be completed by December.
MoreLender takes action on Renaissance Bay project
December 29, 2010
Chris O'MalleyAn incomplete $150 million development that was supposed to feature 305 luxury condominiums along a 25-acre lake on the north
side of Indianapolis has been placed in receivership.
MoreDuke/Browning team to develop building at new Wishard
December 28, 2010
Tom HartonThe team, which plans to build an office building in the 200,000-square-foot range, beat out six other groups that submitted
proposals.
MoreBroadbent spins off construction business
December 23, 2010
Cory SchoutenBeleaguered local developer The Broadbent Co. plans to spin out its construction arm as an independent company as of Jan.
1.
MoreState pushing to keep building-review wait times down
December 16, 2010
Francesca JaroszWait times in the plan-review process for non-residential projects increased dramatically this year, creating a backlog of
cases.
MoreNorth of South project clears rezoning hurdle
December 16, 2010
Scott OlsonThe Metropolitan Development Commission agreed to rezone 14 acres of land, which houses a parking lot north of South Street
between Delaware Street and Virginia Avenue downtown, to accommodate the $155 million mixed-use project.
MoreU.S. home construction up after two months of declines
December 16, 2010
IBJ Staff and Associated PressLocally, building permits were up 17 percent in the nine-county area, from 222 in November 2009 to 259 in November 2010.
MoreSummit Realty plans to grow into new headquarters
December 11, 2010
Cory SchoutenSummit Realty Group is building out a new headquarters in a historic downtown building as its principals embark on an aggressive
growth plan for the privately held company.
More$7.5M Fletcher Arts project gets back on track
December 11, 2010
IBJ StaffDeveloper and architect Craig Von Deylen is finalizing plans for a mixed-use project just west of the intersection of Virginia
Avenue and East McCarty Street.
MoreSt. Francis Hospital project targets Greenwood's growth
December 4, 2010
IBJ StaffThe $20 million facility would attempt to capture some of the 32-percent growth in population Greenwood experienced from 2000
to 2009.
MoreHistoric downtown building poised for overhaul
November 30, 2010
Tom HartonDLZ Indiana closed in September on the century-old building at 157 E. Maryland St. and plans to spend nearly $2.3 million
renovating it.
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First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.
I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.
Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??
On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.