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Development/Redevelopment
Plans afoot to redevelop Payton Wells properties
January 12, 2013
Cory SchoutenA local developer hopes to build a $20 million apartment and retail project on one of several Old Northside lots once used
by the defunct car dealership Payton Wells.
MoreCassidy Turley offers mixed outlook on Indy real estate
January 10, 2013
Cory SchoutenThe city's largest real estate brokerage expects the industrial and housing markets to boom in 2013, but offers a more
cautious view on the office and retail sectors, predicting that uncertainty caused by political gridlock could hamper an already
sluggish recovery.
More$30M Keystone mixed-use project seeks city approval
January 8, 2013
Tom HartonHendricks Commercial Properties wants to build a five-story, L-shaped building with more than 36,000 square feet of ground-level
retail space and 130 high-end apartments on the upper floors.
More25-acre retail project aims to hook grocery
December 22, 2012
Cory SchoutenDevelopers are moving forward on plans for a 25-acre, grocery-anchored redevelopment in the Highland-Kessler neighborhood
after winning city zoning approval this month.
MoreDeveloper close to starting project at 116th, Springmill
December 18, 2012
Tom HartonGershman Brown Crowley Inc. is in the process of getting design approval from the city of Carmel for a 9,600-square-foot retail
building and a 13,200-square-foot CVS pharmacy.
MoreBuyer of vacant Connersville factory gets more time
December 17, 2012
Associated PressOfficials of an eastern Indiana city are giving the potential buyer of a large vacant auto parts factory more time to close
on the purchase.
MorePendleton turns to past to revitalize its downtown
December 14, 2012
Associated PressThe town 25 miles northeast of Indianapolis was approved for the state's branch of Main Street, a project of the National
Trust for Historic Preservation, aimed at helping communities revitalize their downtowns and neighborhood commercial districts.
MoreApartments, shops planned for old Beech Grove hospital site
December 13, 2012
Dubbed Franciscan Place, the $20 million development will feature 150-plus senior-living apartments, shops and a restaurant
in the old hospital. Work is expected to begin in February.
MoreFormer NBA player Henderson gets city OK to build home
December 12, 2012
Scott OlsonFormer Indiana University and NBA basketball player Alan Henderson got approval to build a home on Indianapolis’ north
side in spite of fierce opposition from neighbors.
MorePedcor to start second phase of Carmel's City Center
December 11, 2012
Tom HartonThe Nash, a three-story, $10 million mixed-use building, is to be built just south of City Center on the west side of Rangeline
Road.
MoreRetail, apartment blitz hits Fishers
December 8, 2012
Cory SchoutenIt seems as if all of Fishers is under construction—and not just the perpetual improvements to Interstate 69. Developers
have lined up a multitude of deals adding residential and commercial space, projects that are coinciding with the town’s
recent voter-approved transition to a city.
MoreHow 3 real estate entrepreneurs expanded during slowdown
December 8, 2012
Cory SchoutenAasif Bade of Ambrose Property Group, Tadd Miller of Milhaus Development and Joe Whitsett of The Whitsett Group saw opportunity
as many rivals retrenched.
MoreBloomington approves $27 million downtown hotel project
November 27, 2012
Associated PressThe Bloomington City Council has approved giving up some city property for construction of a $27 million Hyatt Hotel near
the downtown courthouse square.
MoreLawmaker seeks funding to tackle abandoned housing
November 24, 2012
Kathleen McLaughlinState Rep. Ed Clere plans to introduce a bill that would give municipalities explicit powers to create land banks, which can
sell surplus property for redevelopment. He also wants to include a revenue source to support land-bank operations and eliminate
tax-foreclosure sales as a form of investor speculation.
MoreAirport Authority continues to fight off-site parking lot
November 20, 2012
Chris O'MalleyThe Indianapolis Airport Authority has taken its fight against an off-airport parking operator to the Indiana Court of Appeals
after exhausting its options in Marion County Superior Court.
MoreIndianapolis receives $39M loan guarantee from HUD
November 20, 2012
The city will use the funding to establish a Community and Economic Loan Pool to provide financing for economic development
and housing rehabilitation initiatives to benefit people of low and moderate incomes.
MoreDeveloper unveils 16-home project just east of downtown
November 20, 2012
Tom HartonThe Re-Development Group Inc. bought a1.6-acre site at New York Street and Highland Avenue last May and will raze three 1960s-era
office/warehouse buildings to make way for home construction in 2013.
MoreCarmel project dogged by conflict questions
November 17, 2012
Kathleen McLaughlinAn executive ousted from the firm developing The Barrington in Carmel alleges that the $142 million retirement-community project
was driven by conflicts of interest.
MoreDowntown Crowne Plaza undergoing $8M renovation
November 14, 2012
Guest rooms will receive new furniture and bathrooms new floor tile and granite countertops. Improvements also will be made
to public and meeting spaces, in addition to food and beverage areas.
MoreOne Mass Ave project starts; another one is in limbo
November 13, 2012
Tom HartonInsight Development has begun building an $11.5 million, 61-unit apartment project at Massachusetts Avenue and East and North
streets. But the fate of the second phase is up in the air because its financing had been tied to a project Insight
and Flaherty & Collins Properties had hoped to develop across Mass Ave at the site of the Indianapolis Fire Department
headquarters.
More$33 million mixed-use project to remake Fishers
November 10, 2012
Cory SchoutenFishers officials are finalizing a deal with a local developer for a mixed-use project that would launch a long-awaited transformation
of the town’s suburban core.
MoreCity bans bulk land-bank sales after lopsided deal with not-for-profit
November 3, 2012
Cory SchoutenIndianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately
flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors
more than $1 million. (with interactive
map)
MoreLA Fitness buys site near Washington Square, boosting area
October 30, 2012
Cory SchoutenLA Fitness plans to build a gym on the former home of a Loews movie theater adjacent to Washington Square Mall in the latest
sign of progress for a struggling retail submarket.
MoreDeveloper gets OK for second phase of apartment project
October 26, 2012
Scott OlsonTrinitas Ventures of West Lafayette plans to break ground next spring on a $20 million student housing project on Indiana
Avenue with 214 units. The developer already has built 253 units on the site.
MoreFocal point for Mass Ave project: Huge electronic screen
October 25, 2012
Cory SchoutenThe most striking feature of a proposed $43-million development along Mass Ave is a Times Square-style electronic screen that
would wrap around the building's corner and rise more than three stories.
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Irvington is up and coming much like Fountain Square. We would love to have something like this in our neighborhood!
Why do we care who has submitted proposals if we can't review the proposals? It's publicly owned land, but the public has zero say in what gets chosen to be built there. Yep, that sounds about right.
Perhaps May 21 is "Evangelical Day" over at the IBJ?
I don't know what's more depressing: that this passes for a defensible elective in a publicly funded SCIENCE class, or that more than half of the posters here are defending this charlatan. Intelligent design is creationism. Creationism is religion. Yes, we have freedom of religion, which deserves to be protected. Now someone kindly show Professor Hedin his freedom by escorting him over to the Religion department at BSU. Carry on.
I hope people realize that the 'vocal' opposition at the meeting represent the minority of people against this project. As with any controversial project - those who don't want it are the loudest, while those who like it or really don't care one way or the other don't come to such meetings. Unfortunately the same may be true of the survey now being offered by the BRVA. I live less than a 5 minute walk from BR Avenue and can tell you that I and most of my neighbors are support this exciting project, or are ambivalent. And how great that it includes quality apartments - something that BR sorely lacks. This is a first class opportunity that we should embrace (and no, I'm not with the BRVA or the developer.) As for the fellow who owns the Good Earth store, if he doesn't want competition then let him pull together his own investors and out bid Whole Foods to operate the proposed grocery component! Come on folks - let's move ahead.