Development/Redevelopment

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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Massive Anson project showing residential, retail progressRestricted Content

May 19, 2012
Cory Schouten
Duke Realty Corp. has retrenched at its massive Anson development in Whitestown—focusing on the most promising sections, rearranging some of its site plans, and letting land-purchase contracts expire on about 300 acres where development prospects are likely several years away.
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Binford-area neighborhood alliance upping ambitionsRestricted Content

May 19, 2012
Kathleen McLaughlin
The two main retail centers in a northeast-side development area will be at 100-percent occupancy when Uncle Bill’s Pet Express opens in a small space at Binford Boulevard and 71st Street. Binford Area Growth and Revitalization, a super-neighborhood association better known as BRAG, began striving for this milestone in 2005.
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Signature Inns founder plans auto-care franchises

May 17, 2012
Scott Olson
Honest-1 Auto Care hopes to open as many as 20 shops in Indiana over five to seven years and has tapped the founder of the Signature Inns chain to help lead the effort.
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New warehouse ends drought of spec industrial development

May 17, 2012
J.K. Wall
Construction on the 794,608-square-foot warehouse will begin in the next two weeks in the AmeriPlex Business Park, officials of Atlanta-based developer Industrial Developments International said. They hope to complete construction in December.
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City, development group agree to protect Mallory site

May 8, 2012
Tom Harton
Those seeking the historic designation hope the four-acre industrial complex will be a catalyst for redevelopment of a stretch of East Washington Street.
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Georgia Street redevelopment looking old already

May 5, 2012
Cory Schouten
The newly spruced-up stretch of Georgia Street between the Indiana Convention Center and Bankers Life Fieldhouse is looking older than its age. Stone pavers are dislodged and stained. The wooden boardwalk is badly discolored. Bollards are askance after taking hits from errant vehicles.
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New charter school proposed for North Meridian Street

May 4, 2012
Cory Schouten
An Arizona charter school operator serving middle and high school students has filed plans to build a two-story school at Meridian and 22nd streets.
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Local developer files to go public in Canada

May 2, 2012
Cory Schouten
A locally based developer and owner of senior health care centers has filed to go public as a real estate investment trust in Canada.
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Zoning board rejects Broad Ripple parking garage proposal

May 1, 2012
Scott Olson
Members of the board voted 5-0 to reject the variance that would have allowed Keystone Group to build the garage and retail development below the city's recommended flood plain.
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Judge orders Clear Channel to sell key Speedway parcel

April 30, 2012
Scott Olson
The town of Speedway will pay Clear Channel $189,000 for its interest in a key piece of property near the Indianapolis Motor Speedway.
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Anderson officials plan to demolish Emge building

April 30, 2012
Associated Press
Anderson officials plan to demolish a former meat-processing plant and convert the 5-acre property into a maintenance and storage area for the wastewater department.
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Milhaus buys 55 acres on Keystone to build 300 apartmentsRestricted Content

April 21, 2012
Cory Schouten
One of the most conspicuous local remnants of the condo crash—an unfinished $150 million South Carolina-themed community near Keystone at the Crossing—could finally be completed, as apartments.
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City gives OK for $60M apartment building on canal

April 18, 2012
Scott Olson
Investment Property Advisors agreed to reduce the size of the apartment building from 26 stories to 10 stories and from 485 units to 319 units to help gain support from the city.
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