Development/Redevelopment

Developer seeks rezoning for Canal apartments

September 23, 2010
Scott Olson
The city's Division of Planning was set to hear a request Thursday afternoon by Valparaiso-based Investment Property Advisors LLC to rezone property near the Central Canal for a 150-unit apartment complex.
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Hoosier Lottery moving to Meridian Street building

September 21, 2010
Tom Harton
The lottery will move in January to the Buick, a 60,000-square-foot building at 13th and Meridian streets owned by principals of Shiel Sexton Construction.
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Church with rich history sues to shed 'historic' labelRestricted Content

September 18, 2010
Greg Andrews
The designation scotched a deal with CVS that would have funded construction of a new church at another location.
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Tower manager proposes 4th Artsgarden skywalk

September 16, 2010
J.K. Wall
Reit Management & Research LLC made a presentation Wednesday to the Indianapolis Metropolitan Development Commission for its plans to build a pedestrian walkway between Circle Centre mall and PNC Center.
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New outlook for a decrepit city neighborhood

September 11, 2010
Chris O'Malley
Just a few minutes northeast of vibrant Monument Circle lurks the most notorious graveyard of Indianapolis’ industrial heyday—at least 70 of the city’s 500 brownfields. Now planners and developers aspire to revitalize the most contaminated neighborhood in Indianapolis into a success story.
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Lauth revival hinges on judge approving settlementRestricted Content

September 4, 2010
Cory Schouten
The deal with financial backer Inland American Real Estate Trust would leave Lauth Group with fewer properties but a more manageable debt load.
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Property at busy crossroads finally attracts buyer

August 31, 2010
Tom Harton
Environmental and zoning issues had made the property at the southwest corner of Keystone Avenue and Kessler Boulevard difficult to sell.
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Groundbreaking nears for $4.5M apartment project

August 30, 2010
Cory Schouten
The 62-unit project called National Apartments on the Monon is the latest phase of the Martindale on the Monon redevelopment project, which began in 2005. The developer is Indianapolis-based Development Concepts Inc.
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Apartment developer S.C. Bodner sued over accessibilityRestricted Content

August 28, 2010
Cory Schouten
The National Fair Housing Alliance and two of its member groups allege that Bodner communities in eight states including Indiana violate accessibility requirements of the Fair Housing Act.
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Reverie Estate buys another downtown Indianapolis apartment building

August 28, 2010
 IBJ Staff
The prolific developer of urban apartments plans to turn the building into an affordable artists’ community.
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Summit Realty pursues downtown building for HQ

August 17, 2010
Scott Olson
The firm, now based in Chase Tower, wants to acquire and renovate the building at 241 N. Pennsylvania St.
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Shuttered school finding new life as community center

August 10, 2010
Joe Jasinski
Two years after Indianapolis Public Schools closed School 37, a multimillion-dollar redevelopment project is set to breath new life into a building that served the Martindale-Brightwood community for 81 years.
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Lawsuit claims builder broke handicapped rights

August 10, 2010
Associated Press
The suit against SC Bodner Co. says 16 Bodner properties in eight states violate the Fair Housing Act.
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Developer making final push for embattled Uptown project

July 28, 2010
Cory Schouten
Developer Leif Hinterberger has spent five years and most of his savings trying to build a $19M mixed-use project at 49th Street and College Avenue. The project could be in trouble if he doesn't get city support.
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Charter school moving to former Children's Guardian Home

July 20, 2010
Scott Olson
City leaders will officially announce Wednesday morning that Irvington Preparatory School will occupy the children's home, which closed in June of last year. The school has signed a 15-year lease with the city.
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Children's Museum plans neighborhoods' revitalization

July 17, 2010
Kathleen McLaughlin
The Children's Museum of Indianapolis is about to expand its role in urban redevelopment. It has already invested more than $1 million in the half-dozen blocks around its campus on North Meridian Street, and now plans to help create a comprehensive plan for an area that encompasses six nearby neighborhoods.
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Lugar, Meadows projects get tax credits

July 13, 2010
Tom Harton
Two high-profile apartment projects that were denied tax-credit funding in March recently were awarded the millions of dollars in credits they need to proceed.
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Baseball complex could bring area near coke plant back to life

July 10, 2010
Anthony Schoettle
A plan to build a 28-acre sports complex on the southeast side is sparking hopes that a polluted parcel across the street that formerly housed a Citizens coke plant can be revived as a retail and industrial center.
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CSO Architects plans new headquarters in former Bally's gym

July 10, 2010
 IBJ Staff
The 24,000-square-foot former fitness facility at 8831 Keystone Crossing is vacant and falling into disrepair.
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Purdue board OKs building 3rd luxury dorm tower

July 9, 2010
Associated Press
The board on Friday approved a $20.6 million construction contact for the First Street Towers project.
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City receives $4.9 million for homeless initiatives

July 9, 2010
Federal funds will help provide 69 additional beds in three Indianapolis locations, including a large apartment complex on the east side.
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Westfield's proposed Symphony development under review

July 8, 2010
 IBJ Staff and Associated Press
The Westfield planning commission has asked city employees to further review the 1,400-acre mixed-use project that could include thousands of homes, shops, a YMCA and a baseball stadium.
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Buckingham thinks big with plans for downtown development

June 26, 2010
Cory Schouten
Will the latest ambitious downtown development proposal finally master the formula for transforming a downtown surface parking lot?
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Fort Ben home, condos fail to sell at auction

June 24, 2010
Cory Schouten
Auction turns up no buyers for the former home of the commanding general at Fort Benjamin Harrison and four condominiums at the old Army base.
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Westfield residents to hear plans for $1B development

June 21, 2010
Scott Olson
The Estridge Cos., a Carmel-based home builder, will present details of the massive project—mixing condos, apartments and retail with a $15 million stadium—at a public hearing Monday evening.
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