Development/Redevelopment

State gives Speedway $2.9M for blight cleanup

November 17, 2010
 IBJ Staff and Associated Press
Indiana Lt. Governor Becky Skillman says the grant will pay to demolish old building foundations, deteriorated pavement and concrete slabs in the downtown business district.
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Trail Side project faces another hurdle

November 16, 2010
Tom Harton
A $10 million apartment and retail building planned for 875 Massachusetts Ave. was supposed to have broken ground by now. But difficulty in closing the sale of tax credits that will be used to finance the project could cause the deal to unravel.
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Redevelopment planned for vacant car dealership

November 9, 2010
Tom Harton
The 2.5-acre property might be retrofitted by late spring for fast-food, retail and possibly medical office users.
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Part of City Market renovation project put on hold

November 4, 2010
Francesca Jarosz
City planners have downsized their renovation plans because project bids came in too high to meet the $2.7 million budget.
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Downtown apartment developers take divergent paths to financing

October 30, 2010
Cory Schouten
J.C. Hart Co. spent more than a year securing a $5 million bank loan to expand an existing project; Buckingham Cos. turned to the city to finance its ambitious project just north of the Eli Lilly and Co. campus.
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Indianapolis-area experts see bright spots amid ongoing real estate weaknessRestricted Content

October 23, 2010
Health care shows signs of life, and multi-family buildings continue to hold their own, experts said during a recent IBJ Power Breakfast.
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Consulate buys East Street space, leaving Union Station

October 19, 2010
Tom Harton
The Mexican Consulate has been a tenant at the city-owned Union Station since it opened an office here in November 2002. The new site will more than quadruple its space.
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City pitching in $38M for $192M Clarian project

October 14, 2010
Cory Schouten
The city is kicking in up to $38 million for infrastructure upgrades to support a massive expansion of the Clarian Health campus at 16th Street and Capitol Avenue.
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Georgia Street reconstruction project starts underground

October 9, 2010
 IBJ Staff
Work is under way on the $12.5 million transformation of a three-block stretch between Pennsylvania Street and Capitol Avenue into a pedestrian-friendly corridor.
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City not impressed with fixes proposed by Di Rimini developer

October 9, 2010
 IBJ Staff
Developer Jeff Sparks met with city planners Oct. 1 to propose fixes to the apartment project at Capitol Avenue and St. Clair Street.
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Good News Ministries eyes using ex-motel to house homeless

October 6, 2010
Kathleen McLaughlin
Residents of Irvington are split over whether to support turning the former Indy East Motel into housing for homeless families.
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Estridge scales back Symphony development in Westfield

October 5, 2010
Scott Olson
The Estridge Cos. said it is reducing Symphony from a planned 1,400 acres to a size that will closer rival the Carmel-based home builder’s 436-acre Centennial development, also in Westfield.
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EDITORIAL: East 10th Street project can be repeated

October 2, 2010
When people see what’s happening on and near East 10th Street—and they will, thanks to the Super Bowl connection—they’ll see what’s possible and, we hope, join similar efforts.
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Legal fight over Pan Am Plaza outpaces redevelopmentRestricted Content

October 2, 2010
Cory Schouten
Plaintiffs are challenging the city's 2007 decision to waive a hefty fee that otherwise would have been required to redevelop the crumbling site.
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Site chosen for proposed Westfield sports complex

September 28, 2010
Anthony Schoettle
The Hamilton County sports and recreation campus—known as the "Family Sports Capital of America"—is expected to occupy 300 acres and cost millions to fully develop.
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Dolce hotel, YMCA part of city-funded 'North of South' development

September 27, 2010
Scott Olson
The city plans to issue bonds and use tax-increment financing to fund the $150M project, which also will include 320 high-end apartments and 40,000 square feet of retail space. Construction should begin this year.
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$150M 'North of South' project moving ahead

September 27, 2010
 IBJ Staff
Officials are announcing details of an ambitious downtown development planned for 10 acres Eli Lilly and Co. owns near its Indianapolis headquarters. The project will include a hotel, apartments, restaurants and retail space and a YMCA.
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Indiana Convention Center might need yet another expansion

September 25, 2010
Katie Maurer
The current expansion has absorbed the last of the adjoining space, leaving the convention center landlocked.
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Tired-but-proud school buildings find new missions

September 25, 2010
Chris O'Malley
More unneeded buildings are slated to be sold off by Indianapolis Public Schools, but creative people have turned other former schools into reuse gems.
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East-side residents forge $100M plan to renew neighborhoodRestricted Content

September 25, 2010
Francesca Jarosz
Since 2004, residents and community leaders in the area just east of downtown—including Boner Center chief James Taylor—have raised more than $100 million to improve their neighborhood. The deployment of so many resources to one area is almost unprecedented in Indianapolis.
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City meets deadline to get federal money for housing projects

September 25, 2010
 IBJ Staff
The $29 million will be used to acquire and demolish or rehabilitate foreclosed and abandoned homes.
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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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