Development/Redevelopment

Muncie council backs $60M project near Ball State

June 4, 2013
Associated Press
The Muncie City Council has approved financing for a six-story parking garage as part of a planned $60 million project with apartments and commercial storefronts.
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Carmel council clashes over support of Midtown project

June 4, 2013
Andrea Muirragui Davis
The Carmel City Council will not support Pedcor Cos.’ application for a state tax credit to help pay for a $100 million redevelopment project—a contentious decision Mayor Jim Brainard called “unusual and illogical.”
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Bank seeks to foreclose on architectural firm’s HQ

June 3, 2013
Scott Olson
KeyBank has filed a lawsuit against A2SO4 Architecture and is asking a judge to appoint a receiver to manage the property at 540 N. College Ave. The bank says it is owed nearly $1 million.
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IndyGo jettisons big-name designersRestricted Content

June 1, 2013
Scott Olson
An internationally known architectural team chosen to design a proposed IndyGo transit hub is no longer on the project, to no surprise of local architects who insist the transit agency botched the selection process from the start.
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Mainstreet plans $9.2M nursing home on northwest side

May 31, 2013
Kathleen McLaughlin
The 65,000-square-foot nursing-home and assisted-living facility would feature an Internet cafe, movie theaters and restaurant-style dining with an on-site chef.
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Carmel panel refuses to back Midtown redevelopment plan

May 29, 2013
Andrea Muirragui Davis
A $100 million proposal to reinvent an old industrial area in downtown Carmel hit a snag Tuesday, when a City Council committee decided not to pursue a state tax credit that could help fund the project.
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Fishers buys properties, moves dirt to draw developers

May 28, 2013
Andrea Muirragui Davis
Officials have quietly struck deals with more than a half-dozen property owners in the triangle-shaped targeted area west of Lantern Road, east of the railroad tracks and north of 116th Street.
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Horizon Bank gains access to Mass Ave with building purchase

May 28, 2013
Scott Olson
Michigan City-based Horizon Bank bought the two-story building at 302 N. Alabama St. for $1.5 million and is embarking on a "substantial" investment in the property.
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$225M Westfield project in works

May 25, 2013
Andrea Muirragui Davis
Developer Steve Henke’s vision for Grand Park Village is grand: a 20-acre lake surrounded by an East Coast-style boardwalk lined with restaurants and shops. He sees a carousel at one end of the lake and a Ferris wheel at the other—with a beach, mini marina and watering hole in between.
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High-profile developer chases Indy debutRestricted Content

May 25, 2013
Scott Olson
Cleveland-based Forest City Enterprises Inc., developer of the 76-story New York by Gehry in New York City, is teaming with Keystone Group in its bid to redevelop a prime piece of downtown real estate where Market Square Arena once stood.
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Broad Ripple project takes heat at Village meeting

May 24, 2013
 IBJ Staff
Jeering and catcalls greeted officials from Browning Investments, which has proposed the $18 million residential and retail development along the Central Canal.
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Pittman pitches $90M mixed-use project for Zionsville

May 22, 2013
Andrea Muirragui Davis
One of the highest-profile tracts of undeveloped land in Zionsville could be transformed into a commercial and residential hub if Pittman Partners' 62-acre project gets the town’s blessing.
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Athenaeum weighs bids for surface lot redevelopment

May 18, 2013
Scott Olson
Three developers are competing to build a mixed-use project likely to include a parking garage on a surface lot adjacent to the historic Athenaeum building.
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Greenwood, Whiteland try to spur, shape growthRestricted Content

May 18, 2013
Kathleen McLaughlin
Two Johnson County communities are determined to capture—and control—the next wave of suburban growth.
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Development may spawn TIF tug of warRestricted Content

May 11, 2013
Kathleen McLaughlin
The developer of a $17 million mixed-use project proposed for Broad Ripple is expected to seek a city subsidy—support that at least one City-County councilor believes should be reserved for neighborhoods starved for investment farther south.
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Whitsett goes big with Star project

May 10, 2013
Scott Olson
A local developer plans to tear down part of the Indianapolis Star’s downtown headquarters while saving most of the building in a redevelopment that calls for 350 apartments—more units than the massive CityWay.
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Developer planning $60M project near Ball State

May 10, 2013
Associated Press
Investment Property Advisors of Valparaiso hopes to build a four-story building wrapping around a six-story parking garage that will have 228 apartments and storefronts on the street level.
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Browning exec Dye joining The Whitsett Group

May 7, 2013
Scott Olson
Dennis Dye will become a partner at Whitsett, a prolific developer of affordable housing. He has served two stints at Browning totaling about 20 years.
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Meijer might finally be coming to AnsonRestricted Content

May 4, 2013
Construction paperwork indicates the store will be almost 200,000 square feet and employ 100 people.
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Developers finish first project, shift focus to downtown deal

April 30, 2013
Scott Olson
Drew Loftus and Kyle Robinson are wrapping up their first project, in Broad Ripple, and have bought another building, this one downtown. A well-known architectural and design firm is slated to be the building's tenant.
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Ownership snarl resolved, Illinois Building on block

April 27, 2013
Scott Olson
An affiliate of locally based HDG Mansur has owned the 10-story building at Illinois and Market streets since the 1980s. It’s sat empty for 10 years, thanks in large part to separate ownership of the building and the land—an arrangement once common among downtown buildings.
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Zionsville's Main Street aims to boost drawing power, charm

April 27, 2013
Andrea Muirragui Davis
Zionsville’s new economic development plan calls for ramping up commercial activity in the predominantly residential community—just not at the expense of the mom-and-pop shops that give the Boone County town its charm.
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Speedway's Speed Zone redevelopment project in high gearRestricted Content

April 27, 2013
Anthony Schoettle
Some goals have been realized, while others are moving through the pipeline.
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Big names lining up to tackle Market Square siteRestricted Content

April 20, 2013
Scott Olson
City officials will have at least four proposals to consider for redevelopment of a downtown parking lot where Market Square Arena once stood. Bids are due to the city by April 22.
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Carmel council wary of $100M Pedcor project

April 18, 2013
Andrea Muirragui Davis
Pedcor Cos. wants to apply for a state tax credit to help fund an upscale $100 million housing and office development in Carmel's Midtown. But City Council members are holding it at arm's length for now.
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