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Development/Redevelopment
Charter Homes owner gets 2-plus years for mortgage fraud
September 30, 2009
Cory SchoutenCharter Homes owner Jerry J. Jaquess has been sentenced to two-and-a-half years in prison and ordered to pay restitution of
$825,000 for his role in a $20 million mortgage fraud scheme.
MoreHistoric Landmarks returning to headquarters
September 24, 2009
IBJ StaffThe Historic Landmarks Foundation of Indiana is set to return to its headquarters in downtown Indianapolis tomorrow, six
months after a fire at a neighboring apartment project displaced the not-for-profit.
MoreAnticipated development near stadium isn't materializing
September 19, 2009
Sam StallNot long ago, developers seemed to vie for every square inch of open ground in the vicinity of the just-completed Lucas Oil
Stadium. These days, the entire neighborhood has been pushed, if not into a financial deep freeze, then at the very least
to the back of the crisper drawer.
MoreNew owner to rehab two century-old apartment buildings
September 19, 2009
IBJ StaffA local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
MoreCommission OKs Ameriplex, Rexnord tax abatements
September 16, 2009
Scott OlsonThe Metropolitan Development Commission this afternoon approved two requests for property tax abatement, including one for
a mammoth development known as World Connect at AmeriPlex.
MoreApartments near downtown canal slated for rehab
September 15, 2009
Tom HartonA local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
MoreAdjacent Central Canal parcels go on the market
September 12, 2009
Cory SchoutenThe owners of two industrial properties that span an entire city block along the Central Canal downtown have put their
properties up for sale with an eye toward redevelopment.
MoreDowntown apartment complex expanding
September 5, 2009
IBJ StaffThe developer of The Waverley apartments downtown has filed plans to expand the complex because of high demand for one-bedroom
units.
MoreEDITORIAL: Restore Winona to city tax rolls
August 10, 2009
IBJ StaffIf Denver-based Ecolonomic Realty Group decides it wants to pursue a $25 million redevelopment of the old Winona Memorial
Hospital site and presents a solid proposal, the city is in no position to turn down the tax revenue
it would generate.
MorePlans emerge for Winona Hospital redevelopment
August 3, 2009
Cory SchoutenThe Children’s Museum of Indianapolis wants the city to tear down the old Winona Memorial Hospital so it can build a
community park and outdoor learning center. A private firm that specializes in environmentally
impaired properties wants to turn the building into senior apartments.
MoreRedevelopment eyed for former jail building
July 27, 2009
Cory SchoutenProspective buyers need a little vision to see the potential in the four-story former jail at the southwest corner of Maryland
and Delaware streets.
MoreWestfield moves ahead with sports facility plan
July 21, 2009
IBJ StaffA study commission has concluded that a major development involving a new youth-sports complex would be viable for Westfield,
the city announced this morning.
MoreNeighborhood taps cash languishing in account
July 20, 2009
Kim PuckettCity to unleash $3.8 million for improvements in United North West Area.
MoreGreater Indianapolis YMCA has $30M in projects planned
July 13, 2009
Kathleen McLaughlinIt takes a map of the entire metro area to show all the projects the YMCA of Greater Indianapolis has on its drawing board.
The $30 million plan calls for building two brand-new facilities, one in Avon and one in Pike Township; expanding
the Fishers YMCA; and building a new outdoor pool in Lawrence.
MoreKeystone Construction plans Madison Avenue retail center
July 7, 2009
Cory SchoutenA local developer is planning a retail strip center along Madison Avenue just south of downtown in a neighborhood that's been
begging for investment for years. The plans by Keystone Construction Corp. call for a 25,000-square-foot retail
center at 1400 Madison Ave., across from Sisters' Place Restaurant.
More$65M development deal would cost Capital Improvement Board
June 22, 2009
Cory SchoutenThe Capital Improvement Board could be forced to give up one of its most profitable assets so the city can pull off a $65-million
public-private downtown development deal. The city has agreed to help a developer revitalize the vacant former Bank One operations
center in part by acquiring an adjacent
parking garage for $18.5 million.
MoreEDITORIAL: Project near MSA may be worth the risk
June 22, 2009
The city has unveiled a dramatic plan for new housing and retail development to revitalize the old Market Square Arena site.
Despite some shortcomings, the project deserves a chance to give the stagnant area a boost.
More$65M downtown development deal raises questions
June 15, 2009
Cory SchoutenA $65 million public-private plan for the redevelopment of a vacant downtown office building is raising eyebrows for its unusual
approach and potential risk to taxpayers. The plan calls for a private developer to acquire the former Bank One operations
center, surface parking lots and an adjacent
parking garage from a private owner for $18.5 million, then sell the 1,680-space garage to the city for $18.5 million.
MoreAnderson's abundant water supply makes city well-suited for Nestle, other food processors
June 15, 2009
Kathleen McLaughlinThe city of Anderson soon will tap a new well to help accommodate demand from Nestle USA, which opened a Madison County plant
in May 2008 producing bottled, flavored Nesquik and liquid Coffee-mate, a water-based creamer. The
company already has launched an expansion slated for completion in 2011.
MoreBrowning acquires 43 homes for $100 million mixed-used development in Carmel
June 15, 2009
Cory SchoutenDeveloper Brown Investments has reached terms with the owners of 43 of 49 homes in the North Meridian Heights neighborhood
in Carmel. Browning plans to demolish the homes to make way for a $100 million commercial development over 17 acres.
MoreCultural Trail spurs development plan along Virginia Avenue
June 8, 2009
Cory SchoutenA local architecture firm hopes to challenge hip Mass Ave with an arts-themed development in Fletcher Place. The $9 million
project would include apartments, retail and office space.
MoreVacant dealerships join already rocky real estate market
June 8, 2009
Tom HartonThe owners of car dealerships slated for closure by Chrysler and General Motors face a tough environment for unloading their
real estate, but an expected onslaught of such properties has at least one company preparing to grab a slice of the business.
MoreTransit, sustainable development likely to be themes in rescue of near-north neighborhood
June 1, 2009
Chris O'MalleyLocal leaders and, soon, a national team of experts, are quietly developing a strategy to revitalize Marion County's biggest
concentration of brownfield sites and impoverished urban neighborhoods, centered at East 22nd Street and the Monon Trail.
MorePanel handicaps market recovery chances
May 25, 2009
Cory SchoutenA panel of five veterans of real estate and construction provided industry insights at IBJ's Power Breakfast May
1 at the Westin Indianapolis.
MoreDeveloper wants to turn project into apartments, offices
May 25, 2009
Cory SchoutenA local developer is hoping to convert an unfinished eight-story luxury condo project downtown into a mostly affordable apartment
building with its headquarters on the top floor.
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So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.
Owner occupied housing. Clear enough?
So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.
Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.
RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.