Development/Redevelopment

Broad Ripple buildings slated for office conversion

November 8, 2011
Tom Harton
Kyle Robinson and Drew Loftus are in the process of buying and rezoning a trio of vacant, connected buildings at 6334 Westfield Blvd., where the Monon Trail crosses the canal.
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Buyers edging back into Indianapolis commercial real estateRestricted Content

November 5, 2011
Cory Schouten
Most buyers are bottom-fishers, investors looking for better returns or companies wanting their own building.
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Bush Stadium gets last hurrahRestricted Content

October 29, 2011
 IBJ Staff
City leaders and economic development officials planned to pay tribute Oct. 28 to Bush Stadium’s historical significance before work begins to convert the venue into loft apartments.
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Developer plans $54 million in new apartment projects

October 28, 2011
Cory Schouten
A local developer plans to invest more than $54 million to build apartment communities adjacent to the Rivers Edge shopping center in Indianapolis and Metropolis in Plainfield.
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Indianapolis neighborhood striving for LEED statusRestricted Content

October 22, 2011
Scott Olson
Designation to east-side project would go beyond building certification.
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Carmel mayor's next goal: Build posh, $32M hotelRestricted Content

October 22, 2011
Cory Schouten
The principal developer of Carmel's City Center, Pedcor Cos., is working with city officials on plans for a four-star boutique hotel that likely would cost at least $32 million to build and may require an additional city subsidy.
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City taking redevelopment bids for key Mass Ave properties

October 18, 2011
Scott Olson
The city-owned properties targeted for redevelopment are at 555 N. New Jersey St., the site of Indianapolis Fire Department administrative offices and Station No. 7, and at 501 N. New Jersey St., the location of Firefighters Credit Union.
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Lawrence Township school district buildings in play

October 11, 2011
Tom Harton
The district is beginning an evaluation that could result in three buildings being sold and part of another being renovated for private-sector tenants.
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Housing will be initial focus of redevelopment at Winona site

October 10, 2011
Scott Olson
The city, along with the nearby Children's Museum of Indianapolis, is spearheading redevelopment of the abandoned property where demolition began Monday. Bids to build mixed-income housing will be sought in the coming months.
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Apartments, retail planned for Virginia Ave. corridorRestricted Content

October 8, 2011
Cory Schouten
Call it Extreme Makeover: Holy Rosary. Just about every building and corner along a four-block stretch of Virginia Avenue in this historic neighborhood southeast of downtown is under construction or will be soon.
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Developer proposes $22M project for Keystone Towers site

October 6, 2011
Scott Olson
The Whitsett Group LLC's plans call for a $22 million project that would include nearly 140 apartments and a retail component on the property where Keystone Towers stood. The company submitted the lone bid to the city to redevelop the site.
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Commission approves demolition for Indy East Motel

October 6, 2011
Francesca Jarosz
The Indianapolis Historic Preservation Commission unanimously approved the demolition of the former motel at 5585 E. Washington St.—with a few conditions. Developers plan an $8.7 million project for the site.
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Parking already at a premium at Rivers Edge shopping centerRestricted Content

October 1, 2011
Cory Schouten
The 617 parking spaces at the newly renovated Rivers Edge shopping center meet the minimum commercial-zoning allotment—but just barely.
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Page Development CFO files for personal bankruptcy

September 30, 2011
J.K. Wall
Paul M. Pittman, one of four principals in a troubled Indianapolis-based condo developer, filed personal bankruptcy this week.
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Indiana Soccer Association moving to Westfield

September 29, 2011
Scott Olson
The Indianapolis-based soccer association's decision to move to Westfield's Grand Park Sports Campus follows a similar announcement earlier this year by the Lids Indiana Bulls, a youth baseball organization.
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Investor Buffett gets behind east-side revitalization project

September 28, 2011
Scott Olson
Warren Buffett joined other investors and Indianapolis community leaders Wednesday morning for a ribbon-cutting ceremony at the $27 million East Village at Avondale apartment project.
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Developer zeroes in on troubled Irvington site

September 27, 2011
Tom Harton
A developer that wants to replace a vacant Irvington motel with an $8.7 million apartment building could get permission as early as next week to clear the site for redevelopment.
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Lafayette Square coalition names executive directorRestricted Content

September 24, 2011
 IBJ Staff
Mary Chalmers, a neighborhood liaison for the city, will leave that post to lead the effort to improve the area near 38th Street and Lafayette Road.
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Big ambitions for small planning firm

September 24, 2011
Andrew Smith
Eden Collaborative, the three-man company Adam Thies founded in 2004, is working to revitalize St. Clair Place on Indianapolis’ east side, among other projects.
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Big projects sought for chemical depot site

September 21, 2011
Associated Press
The group overseeing redevelopment of a former Army chemical weapons depot in western Indiana is targeting major projects for the 11-square-mile property.
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LEADING QUESTIONS: Design guru abides in rocky economy

September 21, 2011
Mason King
LQ_Garner_WatchVideoWhy does the owner of A2SO4 Architecture believe a 20 percent drop in billings is a victory? Just how cutthroat has the design field become? What's the significance of moving the firm into a church? Sanford Garner has answers.
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City receives 9 bids for Winona demolition

September 20, 2011
Indianapolis-based Denney Excavating, which oversaw the implosion of Keystone Towers last month, has submitted the low bid to raze the former Winona Hospital. The city is set to award a contract on Thursday.
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Multi-family housing project slated for Monon Trail

September 20, 2011
Scott Olson
King Park Area Development Corp. is partnering with an Indianapolis developer on an $8.7 million residential project to improve a blighted parcel along the trail.
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Owner finding new tenants for former Macy'sRestricted Content

September 17, 2011
Cory Schouten
High-end custom homebuilder Moussa Khoury and a partner bought the former Macy's store at Washington Square Mall in 2009 for about $775,000. They paid cash since commercial lending had vanished. Two years later, the investment has begun paying off.
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Area home-construction permits rise in August

September 15, 2011
Home-construction permits in the Indianapolis metropolitan area climbed 23 percent in August thanks to a surge of activity in suburban counties.
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  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

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