Development/Redevelopment

Noblesville offered generous incentives to Simon for mallRestricted Content

April 20, 2009
Cory Schouten
The old adage that retail follows rooftops is only partially true; retail also follows taxpayer-funded incentives.
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White River trail will weave in storiesRestricted Content

March 9, 2009
NINebark, a landscaping architectural firm, is making six large storyboards so that users of the planned White River Greenway will learn about the area's industrial history.
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School makes move into historic Lockerbie buildingRestricted Content

March 2, 2009
The private Todd Academy plans to move into a historic building at the northwest corner of East and New York streets in Lockerbie Square.
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Jefferson Plaza renovation approaches endRestricted Content

February 16, 2009
Katie Maurer

The Jefferson Plaza renovation, which has been renamed Allen Plaza after its developer, will include restaurants, office space, condos, and is also working to achieve LEED environmental certification.

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Police museum plannedRestricted Content

February 2, 2009
The not-for-profit Indianapolis Historical and Educational Foundation is planning a police museum in the first floor of an old warehouse along Pennsylvania Street across from Conseco Fieldhouse.
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Developers to pitch projects near public housing towersRestricted Content

January 26, 2009
Cory Schouten
The Indianapolis Housing Agency is asking developers to pitch plans to build new residential or commercial space on land surrounding the 21-story John J. Barton Apartments at 555 Massachusetts Ave. and the 15-story Lugar Tower at 901 Fort Wayne Ave.
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Penn Arts redevelopment hits funding snagRestricted Content

January 26, 2009
The Penn Arts apartment building at 16th and Meridian streets will stay vacant a while longer. A $3 million plan to transform the 82-unit apartment building into 45 fancier units has hit a snag that's become familiar to developers: No financing was available at advantageous terms
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Former hospital could become student housingRestricted Content

January 19, 2009
Cory Schouten
Ivy Tech Community College is working with private developers on an $18 million plan to turn the old St. Vincent Hospital on Fall Creek Parkway into a housing complex for Ivy Tech and IUPUI students.
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Mass Ave redevelopment reaches a roadblockRestricted Content

January 19, 2009
Cory Schouten
Indianapolis Public Schools is looking for a new redevelopment strategy for its 11-acre facility on Massachusetts Avenue after an ambitious proposal for the historic former Coca-Cola bottling plant fizzled.
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Panattoni cuts back local presenceRestricted Content

January 19, 2009
California-based Panattoni Development Co. has eliminated its two-person Indianapolis development team as part of closures and job cuts in five cities.
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New restaurants open in downtown IndianapolisRestricted Content

January 12, 2009
Two new restaurants near the corner of Washington and Pennsylvania streets have opened their doors.
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Light rail will move Indianapolis forwardRestricted Content

December 29, 2008
Christopher B. Leinberger
There is a new way of building the Indianapolis area that is struggling to be born. It is different from how you have built the place over the past 60 years but it is essential to your future.
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Angie's List chief builds company, rebuilds Holy CrossRestricted Content

December 29, 2008
Peter Schnitzler
For several years, Angie's List CEO Bill Oesterle also has been quietly attempting to revitalize the near-east side.
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Distribution holds promise for Central IndianaRestricted Content

December 22, 2008
Chip Cutter
A new report shows that, despite a sluggish national economy, the Indianapolis area should continue to attract industrial businesses and distribution centers next year.
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Fishers tables $100M developmentRestricted Content

November 24, 2008
An Ohio developer and the town of Fishers have agreed to cancel a 2007 development agreement that called for a $100-million mixed-use project featuring 250,000 square feet of retail space and 150,000 square feet of office.
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Old St. Francis Hospital may become mix of retail, senior apartments, officesRestricted Content

November 10, 2008
The city of Beech Grove is working on a redevelopment proposal for its St. Francis Hospital campus. Tentative plans call for a mix of office space, apartments for seniors, and retail space.
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Mayor says some of 38 TIF districts have problems, might need reorganizationRestricted Content

September 15, 2008
Peter Schnitzler

Mayor Greg Ballard worries his predecessor, Bart Peterson, may have overreached with his ambitious tax-increment-financing district for the last phase of Fall Creek Place. That phase of the renewed urban neighborhood isn't producing enough revenue to support its $6.2 million in outstanding bonds. And Ballard is not sure all of Marion County's 37 other TIF district are necessary, either.


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Developer betting on cottage homesRestricted Content

September 1, 2008
Cory Schouten

Buyers in Seattle, Milwaukee and even Bloomington have snapped up new cottage homes in developments that turn the McMansion trend on its dormer-decorated head. But will Indianapolis buyers have a similar appetite for the tiny energy-efficient homes clustered around community greens? A local developer is betting they will.


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IUPUI faces tough decisions over aging sports facilities

August 18, 2008
Anthony Schoettle
IUPUI is grappling with how to pay for upkeep and improvements necessary to keep its three world-class athletic facilities—and the city—in the hunt for high-profile sporting events.
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Sports Corp. made city a sports giant, but real estate plans fell shortRestricted Content

July 14, 2008
Cory Schouten
Construction of Pan Am Plaza in the mid-1980s was a major step in the evolution of Indianapolis into a sports town worthy of hosting a Super Bowl. But the office building, parking garage, skating rinks and public gathering place came up short over the years in other ways for both taxpayers and developer, the Indiana Sports Corp.
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Ralston Square development lures bar, hotel, bowling alleyRestricted Content

July 7, 2008
Cory Schouten
A trendy bar and an upscale hotel have agreed to anchor the 11-story Ralston Square project slated for South Street between Meridian and Pennsylvania streets. The developers of the $60 million mixed-use project are moving forward after landing the tenants necessary to secure a loan commitment, said Brian Epstein, president of locally based Urban Space Commercial Properties and a partner on the project.
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Group plots public-private revival for midtown Meridian neighborhoodsRestricted Content

June 30, 2008
Cory Schouten
There was a time when residents of Meridian Kessler, Butler Tarkington, and Broad Ripple viewed North Meridian Street as a connection between their neighborhoods. These days, the road feels more like a divide-an intimidating commuter highway between downtown and the northern suburbs that discourages pedestrian and bicycle traffic. A partnership of community groups including the Meridian Street Foundation is hoping to change that by giving the neighborhoods a collective identity--Midtown--and mixing private and public money to fund major infrastructure improvements.
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Business leaders battle over real estate left behind by Payton WellsRestricted Content

June 9, 2008
Cory Schouten
The Malibus and Impalas disappeared from Payton Wells Chevrolet more than 18 months ago, but the controversy over the defunct dealership at 1510 N. Meridian St. is far from being in the rearview mirror for some of the city's top businesspeople and developers. A court battle over the dealership's properties could determine when and how the roughly six acres of prime land are redeveloped.
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Developers vie for property by Central LibraryRestricted Content

June 9, 2008
Chip Cutter
Two high-profile property developers are squaring off for the rights to transform a six-story apartment complex adjacent to the Central Library downtown. Van Rooy Properties and Buckingham Cos. both submitted proposals to redevelop the Ambassador apartments at 39 E. Ninth St., just north of the library.
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Renovated Central Library spawns neighborhood revivalRestricted Content

April 28, 2008
Cory Schouten
A local developer plans to spend up to $45 million building a "north village of downtown" on several parcels it has assembled near the Central Library. Buckingham Cos. plans to build apartments, offices, restaurants and retail space-all surrounding its headquarters in the three-story Stokely-Van Camp building at the southeast corner of Meridian and St. Joseph streets.
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  1. If what you stated is true, then this article is entirely inaccurate. "State sells bonds" is same as "State borrows money". Supposedly the company will "pay for them". But since we are paying the company, we are still paying for this road with borrowed money, even though the state has $2 billion in the bank.

  2. Andrew hit the nail on the head. AMTRAK provides terrible service and that is why the state has found a contractor to improve the service. More trips, on-time performance, better times, cleanliness and adequate or better restrooms. WI-FI and food service will also be provided. Transit from outlying areas will also be provided. I wouldn't take it the way it is but with the above services and marketing of the service,ridership will improve and more folks will explore Indy and may even want to move here.

  3. They could take the property using eminent domain and save money by not paying the church or building a soccer field and a new driveway. Ctrwd has monthly meetings open to all customers of the district. The meetings are listed and if the customers really cared that much they would show. Ctrwd works hard in every way they can to make sure the customer is put first. Overflows damage the surrounding environment and cost a lot of money every year. There have been many upgrades done through the years to help not send flow to Carmel. Even with the upgrades ctrwd cannot always keep up. I understand how a storage tank could be an eye sore, but has anyone thought to look at other lift stations or storage tanks. Most lift stations are right in the middle of neighborhoods. Some close to schools and soccer fields, and some right in back yards, or at least next to a back yard. We all have to work together to come up with a proper solution. The proposed solution by ctrwd is the best one offered so far.

  4. Fox has comments from several people that seem to have some inside information. I would refer to their website. Changed my whole opionion of this story.

  5. This place is great! I'm piggy backing and saying the Cobb salad is great. But the ribs are awesome. $6.49 for ribs and 2 sides?! They're delicious. If you work downtown, head over there.

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