Development/Redevelopment

Union Station gets new scrutiny after spate of repairs

December 14, 2013
Scott Olson
Seeing small repair projects pile up at the city's iconic 19th-century train station, city officials have launched an effort to assess the building’s condition with the most thorough inspection in several years.
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Commercial blitz may follow Westfield's housing boom

December 14, 2013
Andrea Muirragui Davis
Poised for a development boom in those heady days before the real estate market collapsed, Westfield appears back on track for growth. Residential activity never stopped, but builders are picking up the pace in response to increasing demand. If history holds true, a commercial construction blitz will come next.
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Whitsett pivots to market-rate apartment projects

December 7, 2013
Scott Olson
Next up is a renovation of the vacant Consolidated Building and a redevelopment of the Indianapolis Star headquarters property, both on North Pennsylvania Street. The projects will add 600 market-rate apartments to downtown.
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Indy firm proposes redevelopment of ISU towers

December 5, 2013
Associated Press
Indiana State University is putting on hold its plans to demolish two 15-story former residence halls on the Terre Haute campus after an Indianapolis-based developer proposed taking them over.
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Fishers weighs incentives for office building

December 2, 2013
Andrea Muirragui Davis
Construction firm Meyer Najem Corp. is planning a $5.5 million office building in downtown Fishers to house its growing operations and other high-potential businesses. A proposed deal calls for the town to contribute 1.7 acres of land and $1.4 million.
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DMD's Thies pushing for better design, more projects

November 30, 2013
Scott Olson
Adam Thies, 36, arrived from the private sector in October 2012 and is beginning to put his stamp on the government agency that guides city development
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Westfield gearing up for big hospitality play

November 30, 2013
Andrea Muirragui Davis
Westfield’s massive Grand Park Sports Campus doesn’t open until March, but city leaders already are focused on making sure the 1 million-plus visitors they expect next year want to come back.
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Gershman co-founder goes solo

November 23, 2013
Scott Olson
A heavy hitter among commercial real estate developers has left the firm he helped found more than 20 years ago, to start his own company, and has taken most of its employees with him.
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Preservationists seek expanded tax credit program

November 18, 2013
 The Statehouse File
Advocates of historic preservation made a pitch Monday for an expanded tax credit program to help developers invest in older buildings – particularly in small downtowns.
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Future murky for Carmel's 2-story development rule

November 16, 2013
Andrea Muirragui Davis
City leaders are embroiled in a debate over the future of Range Line Road, through the heart of Carmel's redeveloped downtown. Special density zoning rules are intended to create a consistent look and keep residents from bearing the brunt of the city’s significant infrastructure investment. The question is whether it’s working.
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Buyer of Illinois Building envisions conversion into upscale hotelRestricted Content

November 16, 2013
Scott Olson
A high-profile local developer has bought the Illinois Building and is considering offers to convert the downtown landmark into a boutique hotel that could be the city’s first five-star lodge.
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Tipton County won't stop work at Chrysler plant over permits

November 15, 2013
Associated Press
Three residents have appealed the Tipton County planning director's decision to extend without public notice the building permit originally given to Getrag, which stopped construction at the factory in 2008.
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Funding for Mounds Reservoir study moves ahead

November 14, 2013
Associated Press
The state will provide a $600,000 grant for the next phase in a proposed project to build a $400 million reservoir in central Indiana.
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Proposed GM plan reserves space for soccer stadiumRestricted Content

November 9, 2013
Anthony Schoettle
One of the players vying to redevelop the former General Motors metal-stamping plant has set aside room in his plans for a roughly 10,000-seat stadium where his own North American Soccer League franchise could play.
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Local developer plans six-story office building in Castleton

November 5, 2013
Scott Olson
Edgeworth Laskey Properties LLC, which has developed three buildings within Allison Pointe Park, bought the 10.5-acre parcel along Interstate 465 from a suburban Chicago company.
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Summit partners seek tax break for $14M distribution facility

November 4, 2013
They plan to spend $14 million to build the 542,000-square-foot warehouse on 33 acres on the city's west side. One condition of the tax abatement is finding a user that would create at least 50 jobs by 2018.
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Kite reports smaller quarterly loss on much higher revenue

November 1, 2013
The Indianapolis-based real estate investment trust said that it lost $900,000 in the quarter, compared with a loss of $3 million during the same period a year earlier.
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Conference eyes preservation as development tool

October 31, 2013
Associated Press
A national gathering of preservation experts this week in Indianapolis are toasting some of the success stories historic preservation can foster by helping spark revitalization in neighborhoods and city centers.
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Preservationists float ideas for reusing City Hall

October 30, 2013
Scott Olson
An upscale hotel, a brewery and an event center were among the proposals suggested by members of the National Trust for Historic Preservation. The group is holding its annual conference in Indianapolis for the first time.
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Four local firms vying to redevelop GM stamping plant site

October 30, 2013
Scott Olson
At least one of the proposals for the site, which has been vacant since 2011, would create a suburban-type office park in an urban environment.
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Huge housing, golf development planned for Westfield

October 19, 2013
Andrea Muirragui Davis
The developer who delivered high-end housing to Westfield a decade ago with The Bridgewater Club is working on plans for another upscale golf community near the city’s Grand Park Sports Complex.
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Developer launching rehab of vacant College Avenue retail building

October 15, 2013
Scott Olson
Developer Larry Jones said he’ll spend about $600,000 to renovate the 6,700-square-foot eyesore at 1101 N. College Ave., which has sat empty since the early 1980s.
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Tower would be first big addition to east side of Indianapolis in decades

October 12, 2013
Jeff Newman
The proposed Market Square Tower—if it’s built as planned at 28 stories and 370 feet—will be one of the 10 tallest buildings in Indianapolis.
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Buckingham Cos. nabs downtown Zionsville site

October 12, 2013
Andrea Muirragui Davis
The prolific developer behind Indianapolis’ $155 million CityWay project is working on a plan to transform a key parcel in the heart of downtown Zionsville.
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Chicago firm building spec warehouse in Plainfield

October 10, 2013
HSA Commercial Inc. plans to break ground later this month on the 220,000-square-foot building in the Gateway Business Park near Columbia Road and Ronald Reagan Parkway.
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