Development/Redevelopment

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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Manufacturer plans distribution center in Plainfield

April 17, 2012
 IBJ Staff
Wisconsin-based Regal Beloit Corp. has hired Browning/Duke Realty to build a 376,000-square-foot distribution center in Plainfield, the company announced Tuesday.
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Decision on Broad Ripple garage delayed again

April 17, 2012
Scott Olson
The two-week continuance granted to remonstrators on Tuesday by the Metropolitan Board of Zoning Appeals follows a previous seven-day delay. The board is set to consider a zoning variance for the $15 million project on May 1.
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Plan envisions hot growth for downtown IndianapolisRestricted Content

April 14, 2012
Cory Schouten
A study commissioned by the office of Mayor Greg Ballard envisions a much more densely populated, walkable downtown core stretched by several blocks and supported by another Circle Centre mall's worth of retail and enough new office space to double the size of Chase Tower.
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Loss of St. Francis puts Beech Grove at crossroadsRestricted Content

April 14, 2012
Cory Schouten
There is a mix of sadness, grief and anger in Beech Grove, as Franciscan Alliance moves the last of its inpatient and emergency operations from its nearly 100-year-old Beech Grove hospital to the new Franciscan St. Francis facility at Stop 11 Road and Emerson Avenue.
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North-side neighborhood groups pursuing Fall Creek revitalizationRestricted Content

April 14, 2012
Destination Fall Creek calls for restoring the waterway's recreational value and redeveloping 60 acres of adjacent property.
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City approves design of $45M downtown project

April 12, 2012
Scott Olson
Plans call for the vacant, two-story former Bank One Operations Center at the northwest corner of Washington and East streets to be converted into a five-story apartment building with office or retail space on the first floor.
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Board delays decision on Broad Ripple parking garage

April 10, 2012
J.K. Wall
An attorney for Keystone Construction Corp. asked the five-member board to delay a hearing on the garage to allow the developer to meet with officials from the City of Indianapolis’ Department of Public Works about construction of a levee system along White River.
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SMC plans $19M Noblesville expansion, 163 jobs

April 10, 2012
 IBJ Staff
SMC Corp. of America plans to spend $19 million to expand its North American headquarters in Noblesville, making room for an additional 163 employees by 2017, the company announced Tuesday.
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Effort to save Rivoli Theatre faces another delay

April 10, 2012
Tom Harton
The theater, at 3155 E. 10th St., has the potential to be a catalyst for further redevelopment of the corridor if the not-for-profit that owns it can win complete control of the 1927 structure and stabilize it.
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Plans for Broad Ripple parking garage hit snag

April 9, 2012
Scott Olson
City officials are recommending that construction of the $15 million parking garage and retail project be denied because the property sits 4 feet below a flood plain.
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Developer envisions $20M farming operation to replace plant

April 4, 2012
Cory Schouten
A local entrepreneur is laying the groundwork for a $20 million transformation of a soon-to-close automotive plant into a sustainable farming operation that would raise fish and hydroponic vegetables.
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Cook Group to restore southern Indiana movie theater

April 4, 2012
Associated Press
Bloomington-based medical device maker Cook Group announced Tuesday it would restore the 750-seat Tivoli Theatre in downtown Spencer, which was built in 1928 and boarded up in 1999.
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Brainard seeks deal on maxed-out TIFRestricted Content

March 31, 2012
Kathleen McLaughlin
Carmel Mayor Jim Brainard might relinquish his political trump card in an effort to refinance some of the $240 million in debt that’s weighing on the city’s tax-increment finance districts.
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Tax caps zap schools in Zionsville; Lebanon district awash in cashRestricted Content

March 31, 2012
J.K. Wall
Changes made five years ago in state property-tax laws have strangled the school district in wealthy Zionsville, while schools in neighboring blue-collar Lebanon are in solid financial shape.
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City narrows field of contenders vying to develop Mass Ave parcel

March 31, 2012
Cory Schouten
A midrise mix of apartments and first-floor retail is the most likely replacement for a 1.45-acre Mass Ave parcel occupied by the Indianapolis Fire Department.
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Penn Arts owner buys historic apartment buildingRestricted Content

March 31, 2012
The Piccadilly, at 16th and Pennsylvania streets, will undergo a historically sensitive renovation of its 58 units.
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IU breaks ground on $25M lab building at IUPUI

March 28, 2012
Scott Olson
The facility at IUPUI will include nearly 34,000 square feet of research and classroom space and is the first phase of a planned two-stage project to improve the university's research facilities.
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