Development/Redevelopment

Ball State to offer new degree at downtown Indianapolis campus

October 24, 2009
 IBJ Staff
The master of urban planning degree offered downtown will use the city as an urban laboratory.
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Second developer facing foreclosure on Fishers property

October 20, 2009
Scott Olson
The developer of the proposed $80 million project is facing foreclosure on the property at the same time adjoining land critical to the project's development has been scheduled for liquidation by a lender.
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Law firm sticks with unconventional space

October 20, 2009
Tom Harton
With its expansion last month into the historic Eden-Talbott House at 1336 N. Delaware St., the local environmental law firm Plews Shadley Racher & Braun now owns and occupies three historic homes and a 1950s-era office building in the same block.
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Bloomington mayor to roll out chain-store ordinance for downtown

October 17, 2009
Kathleen McLaughlin
Bloomington Mayor Mark Kruzan believes this beloved college town loses a bit of its identity every time a national chain sets up shop.
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State seeks at least $6.5M for 19-acre site

October 15, 2009
 IBJ Staff
The Indiana Finance Authority said Thursday it plans to auction off a vacant 19-acre development parcel between the White River and Fall Creek near downtown Indianapolis.
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Fishers water park developer hopeful despite setback

October 15, 2009
Scott Olson
The developer of a proposed hotel and water park in Fishers remains optimistic the project will get finished, despite the latest setback delaying the start of construction by at least two years.
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City strengthens building-permit process

October 14, 2009
Scott Olson
The pre-permit review could add nearly three weeks to the current permitting process
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Firms line up to find new uses for old airport terminal, other properties

October 10, 2009
Chris O'Malley
The cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.
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Controversial downtown project to get tax abatement

October 7, 2009
Scott Olson
The Indianapolis Metropolitan Development Commission approved a 10-year tax abatement Wednesday afternoon for a controversial public-private plan to redevelop a vacant downtown office building.
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Fishers officials propose huge medical park

October 5, 2009
 IBJ Staff
Fishers development officials anticipate unveiling plans for a huge medical business park near Interstate 69's Exit 10 Wednesday night at the town's regular council meeting.
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Exterior work on bank tower wraps up with Regions sign

October 3, 2009
 IBJ Staff
The Regions Bank name and logo are joining the city’s skyline atop One Indiana Square, also known as Regions Bank Tower.
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Charter Homes owner gets 2-plus years for mortgage fraud

September 30, 2009
Cory Schouten
Charter 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.
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Historic Landmarks returning to headquarters

September 24, 2009
 IBJ Staff
The 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.
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Anticipated development near stadium isn't materializing

September 19, 2009
Sam Stall
Not 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.
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New owner to rehab two century-old apartment buildings

September 19, 2009
 IBJ Staff
A 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.
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Commission OKs Ameriplex, Rexnord tax abatements

September 16, 2009
Scott Olson
The Metropolitan Development Commission this afternoon approved two requests for property tax abatement, including one for a mammoth development known as World Connect at AmeriPlex.
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Apartments near downtown canal slated for rehab

September 15, 2009
Tom Harton
A 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.
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Adjacent Central Canal parcels go on the market

September 12, 2009
Cory Schouten
The 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.
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Downtown apartment complex expanding

September 5, 2009
 IBJ Staff
The developer of The Waverley apartments downtown has filed plans to expand the complex because of high demand for one-bedroom units.
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EDITORIAL: Restore Winona to city tax rolls

August 10, 2009
 IBJ Staff
If 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.
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Plans emerge for Winona Hospital redevelopmentRestricted Content

August 3, 2009
Cory Schouten
The 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.
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Redevelopment eyed for former jail buildingRestricted Content

July 27, 2009
Cory Schouten
Prospective buyers need a little vision to see the potential in the four-story former jail at the southwest corner of Maryland and Delaware streets.
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Westfield moves ahead with sports facility plan

July 21, 2009
 IBJ Staff
A study commission has concluded that a major development involving a new youth-sports complex would be viable for Westfield, the city announced this morning.
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Neighborhood taps cash languishing in accountRestricted Content

July 20, 2009
Kim Puckett
City to unleash $3.8 million for improvements in United North West Area.

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Greater Indianapolis YMCA has $30M in projects plannedRestricted Content

July 13, 2009
Kathleen McLaughlin
It 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.
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