Development/Redevelopment

Local architecture firm moving HQ to former church

August 16, 2011
Cory Schouten
The architecture firm A2SO4 plans to spend about $1 million to renovate a long-vacant former Catholic church near the Lockerbie neighborhood as its new headquarters.
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Habitat for Humanity tries hand at fixer-uppersRestricted Content

August 13, 2011
Kathleen McLaughlin
Habitat for Humanity affiliates are getting into the business of rehabbing homes, capitalizing on the availability of foreclosed homes.
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Developer plans $27M project in LockerbieRestricted Content

August 13, 2011
Cory Schouten
The Whitsett Group wants to build 190 affordable and market-rate apartments, 44,000 square feet of retail and office space, and more than 300 mostly underground parking spaces on a prime Lockerbie parcel.
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Eastgate owner plots unusual office-space strategy

August 9, 2011
Cory Schouten
The owner of the former Eastgate shopping center has begun marketing a third phase of its mall overhaul: About 225,000 square feet of emergency backup office space.
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Site with rich history could become catalyst for east-side growthRestricted Content

August 6, 2011
Francesca Jarosz
A four-acre site just east of downtown with a rich history is being targeted by city officials and redevelopment leaders for redevelopment. They want to restore the once-vibrant spot at Washington and Gray streets in hopes that it will help revive the beaten-down corridor.
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North of South gets a new name: CityWay

August 3, 2011
Cory Schouten
The $156 million mixed-use development at Delaware and South streets in Indianapolis has a new name designed to reference both the project's downtown locale and the urban "way of life" it will offer.
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Not-for-profit building affordable housing in Brownsburg

August 2, 2011
 IBJ Staff
Sycamore Services Inc., which serves people with disabilities, has closed on $8 million in financing to build a 72-unit apartment community in Brownsburg.
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Developer of government building sees potential for more

August 2, 2011
Tom Harton
Ambrose Property Group broke ground last month on a 13,000-square-foot building at Intech Park that will house about 75 Social Security Administration employees.
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Keystone Towers implosion set for late August

August 1, 2011
 IBJ Staff
The long-vacant Keystone Towers apartment complex will be imploded Aug. 28 at 8 a.m., the Department of Metropolitan Development announced Monday afternoon.
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Precedent joins ranks of battered developersRestricted Content

July 30, 2011
Cory Schouten
The Precedent Cos.—the local developer of The Precedent Office Park, Mount Comfort Commercial Park and several upscale residential communities in Hamilton and Johnson counties—is winding down operations in an out-of-court restructuring.
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City poised to rebrand, revamp Georgia Street

July 23, 2011
Cory Schouten
Community and business leaders are considering whether to change the name of a three-block portion of Georgia Street as part of a $12 million streetscape overhaul.
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IUPUI track stadium dodges wrecking ball

July 19, 2011
Anthony Schoettle
The Michael A. Carroll Track and Soccer Stadium, which school officials considered demolishing a few years ago, is getting a face-lift that includes a new $1.2 million infield surface.
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City ready to take down 1,100 abandoned homes

July 18, 2011
Francesca Jarosz
With the sale of its water and sewer utilities cleared by regulators, the city of Indianapolis is preparing to deploy $15 million to $25 million in funds from the deal into tearing down abandoned houses.
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Developer tries 'pocket' neighborhood in CarmelRestricted Content

July 16, 2011
Cory Schouten
A veteran local homebuilder is tearing up the suburban residential playbook with a new project in Carmel that offers tightly spaced bungalows clustered around grassy courtyards.
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Bush Stadium rehab is Watson's latest creative projectRestricted Content

July 16, 2011
Katie Maurer
Longtime Indianapolis developer launches spirited attempt to save baseball palace.
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City exploring Mass Ave redevelopment options

July 8, 2011
Scott Olson
Property that houses Indianapolis Fire Department facilities on North New Jersey Street, bordering Massachusetts Avenue, could be sold to private developers. In turn, city police and fire services could be better connected.
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McNamara moving from Broad Ripple after 57 years

July 7, 2011
Scott Olson
The florist is moving from the Broad Ripple retail space it has occupied since 1954. Local developer Buckingham Cos., which purchased the property in 2000, is preparing for the redevelopment of Monon Place.
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Lender's suit says homebuilder owes $12.8M on loans

July 5, 2011
Scott Olson
M&I Bank filed the suit against J. Greg Allen, charging he defaulted on two loans he took out to buy 73 acres of land on the northeast corner of Emerson Avenue and County Line Road on Indianapolis' south side.
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M&I Plaza revamping entry, lands King David and Main Street Deli as tenantsRestricted Content

July 2, 2011
 IBJ Staff
The main entrance is getting a $1 million makeover as the 28-story building prepares to welcome two new restaurant tenants.
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Local developer ready to start $18M project

July 1, 2011
Associated Press
Indianapolis-based Buckingham Cos. is expected to start construction this summer on an $18 million, 146-unit apartment building in downtown Columbus.
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Housing agency breaking ground on $30M Lugar Tower project

June 29, 2011
The project includes renovations to the 15-story apartment building in downtown Indianapolis, as well as the construction of two mixed-income buildings containing a total of 74 units at its base.
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Owner of several properties south of Mass Ave starts to divest

June 28, 2011
Tom Harton
The pending sale of two historic buildings and a vacant lot just south of Massachusetts Avenue is the first of what could be several deals in the area as one of its largest property owners begins to divest its holdings.
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Local contractor wins Keystone Towers demolition bid

June 27, 2011
 IBJ Staff
Denney Excavating of Indianapolis has been granted the contract to demolish the vacant Keystone Towers apartment complex with a bid $827,000.
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Chambers quietly built Buckingham into real estate colossusRestricted Content

June 25, 2011
Cory Schouten
The North of South mixed-use project in downtown Indianapolis is just the latest development for Brad Chambers, who started out in the landscaping business.
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16 Park project helping to transform Indianapolis neighborhoodRestricted Content

June 25, 2011
Scott Olson
The first building of a new complex on near-north side is set to be completed in August
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