Development/Redevelopment

Duke/Browning team to develop building at new Wishard

December 28, 2010
Tom Harton
The team, which plans to build an office building in the 200,000-square-foot range, beat out six other groups that submitted proposals.
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Broadbent spins off construction business

December 23, 2010
Cory Schouten
Beleaguered local developer The Broadbent Co. plans to spin out its construction arm as an independent company as of Jan. 1.
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State pushing to keep building-review wait times down

December 16, 2010
Francesca Jarosz
Wait times in the plan-review process for non-residential projects increased dramatically this year, creating a backlog of cases.
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North of South project clears rezoning hurdle

December 16, 2010
Scott Olson
The Metropolitan Development Commission agreed to rezone 14 acres of land, which houses a parking lot north of South Street between Delaware Street and Virginia Avenue downtown, to accommodate the $155 million mixed-use project.
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U.S. home construction up after two months of declines

December 16, 2010
 IBJ Staff and Associated Press
Locally, building permits were up 17 percent in the nine-county area, from 222 in November 2009 to 259 in November 2010.
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Summit Realty plans to grow into new headquarters

December 11, 2010
Cory Schouten
Summit Realty Group is building out a new headquarters in a historic downtown building as its principals embark on an aggressive growth plan for the privately held company.
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$7.5M Fletcher Arts project gets back on track

December 11, 2010
 IBJ Staff
Developer and architect Craig Von Deylen is finalizing plans for a mixed-use project just west of the intersection of Virginia Avenue and East McCarty Street.
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St. Francis Hospital project targets Greenwood's growth

December 4, 2010
 IBJ Staff
The $20 million facility would attempt to capture some of the 32-percent growth in population Greenwood experienced from 2000 to 2009.
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Historic downtown building poised for overhaul

November 30, 2010
Tom Harton
DLZ Indiana closed in September on the century-old building at 157 E. Maryland St. and plans to spend nearly $2.3 million renovating it.
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Foreclosure washes away water park plans in Fishers

November 24, 2010
Scott Olson
Developer Puller Group has agreed to relinquish a high-profile property approved for a massive water park and retail project to lender Fifth Third Bank following a months-long legal battle over an $8.6 million loan.
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Keystone plans mixed-use project on Madison Avenue

November 23, 2010
Cory Schouten
A local developer is planning a $2 million mixed-use project for a vacant parcel along Madison Avenue just south of downtown.
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Start of downtown North of South project in flux

November 22, 2010
Scott Olson
The developer of the $150 million mixed-use project in downtown Indianapolis had hoped to start construction by the end of the year. But delays in getting the project zoned properly likely will move the start date back.
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Diversity key to west-side revitalization plan

November 20, 2010
Francesca Jarosz
Over the last few months, a wave of events has given momentum to grass-roots efforts to revive the West 38th Street corridor and its broader neighborhood, which includes Lafayette Square Mall.
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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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  1. I am so impressed that the smoking ban FAILED in Kokomo! I might just move to your Awesome city!

  2. way to much breweries being built in indianapolis. its going to be saturated market, if not already. when is enough, enough??

  3. This house is a reminder of Hamilton County history. Its position near the interstate is significant to remember what Hamilton County was before the SUPERBROKERs, Navients, commercial parks, sprawling vinyl villages, and acres of concrete retail showed up. What's truly Wasteful is not reusing a structure that could still be useful. History isn't confined to parks and books.

  4. To compare Connor Prairie or the Zoo to a random old house is a big ridiculous. If it were any where near the level of significance there wouldn't be a major funding gap. Put a big billboard on I-69 funded by the tourism board for people to come visit this old house, and I doubt there would be any takers, since other than age there is no significance whatsoever. Clearly the tax payers of Fishers don't have a significant interest in this project, so PLEASE DON'T USE OUR VALUABLE MONEY. Government money is finite and needs to be utilized for the most efficient and productive purposes. This is far from that.

  5. I only tried it 2x and didn't think much of it both times. With the new apts plus a couple other of new developments on Guilford, I am surprised it didn't get more business. Plus you have a couple of subdivisions across the street from it. I hope Upland can keep it going. Good beer and food plus a neat environment and outdoor seating.

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