Mixed-Use

Premier Properties lays off workers as lawsuits, debt pile upRestricted Content

April 7, 2008
Cory Schouten
Premier Properties USA Inc. has eliminated about half its headquarters staff--more than 40 employees--as banks seize several of its properties and CEO Christopher P. White faces a barrage of new lawsuits alleging unpaid bills, defaulted loans, illegally redirected rent payments and check fraud.
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Former RCA industrial site to get $20M rehabRestricted Content

January 21, 2008
Cory Schouten
A Bloomington company that revived a former Thomson Consumer Electronics/RCA plant in that city is taking a shot at redeveloping one of the largest industrial eyesores in Indianapolis, also a former RCA complex. Pinnacle Properties plans to spend $20 million redeveloping the 13-building property northwest of Sherman Drive and East Michigan Street.
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Developers have new plans for cornerRestricted Content

December 31, 2007
Cory Schouten
The retail juggernaut at 86th Street and Keystone Avenue could get even stronger in the next several years. Locally based Premier Properties USA Inc. revealed plans in 2007 for a $750 million redevelopment of a prime corner near The Fashion Mall at Keystone.
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Concert hall component would test demandRestricted Content

November 19, 2007
Jennifer Whitson
Entertainment is a big part of a $480 million development proposed for the south side of downtown--plans include a 3,400-seat theater to attract the likes of Bruce Springsteen and first-run tours of Broadway shows such as "Wicked." The question is whether the city can support another midsize venue.
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SoDo proposal faces stiff oddsRestricted Content

November 19, 2007
Cory Schouten
If Circle Centre mall were built today, it would cost $420 million. Throw in another $60 million, and you've got the price of Legends District-SoDo, a proposed mixed-use development on the south edge of downtown.
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Developer lures Whole Foods across street into Venu projectRestricted Content

October 29, 2007
Cory Schouten
The developer of a $750 million mixed-use project called Venu has acquired a 13-acre site across the street from where another developer had planned to build condos and a Whole Foods Market.
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Ralston Square project would honor city's first plannerRestricted Content

October 8, 2007
Cory Schouten
A local development team is working on a 10-story, mixed-use tribute to a man who helped design the original plan for Indianapolis, Alexander Ralston. The $60 million project, dubbed Ralston Square, would feature a 150-room hotel, 55 condos, a 617-space parking garage and 41,000 square feet of retail space.
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Woodfield Crossing plan calls for hotel, offices, condos, theaterRestricted Content

May 28, 2007
Cory Schouten
A local firm plans to redevelop a quiet corner near the Fashion Mall into a mixed-use behemoth with a full-service hotel, 5,000-seat theater, hundreds of condos, and more than a million square feet of office and retail space.
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Rescue for MSA site fell shortRestricted Content

May 14, 2007
Cory Schouten
A high-profile local firm that quietly negotiated last fall to salvage the stalled redevelopment of the Market Square Arena site abandoned its plans when the city decided instead to solicit new proposals early this year.
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MSA Round 2 plans pitched by local development teamsRestricted Content

April 23, 2007
Cory Schouten
Two new proposals for the parking lot formerly known as Market Square Arena are shorter and less dramatic than plans for a 31-story tower that fell through last year. But each of the new sets of plans has its flourishes.
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Condos offering live/work space are hotRestricted Content

April 9, 2007
Cory Schouten
The age-old concept of living above your workplace is catching on again in Indianapolis, just as the developers of Douglass Pointe Lofts had hoped. The $2.65 million landmark at 25th and Delaware streets already will soon also be known for a diverse roster of local businesses.
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Developer moving on after failed Crown Hill projectRestricted Content

April 2, 2007
Cory Schouten
In the eyes of many at a rezoning hearing late last month, the developers from locally based Mann Properties were bad guys. They wanted to build homes and a retail center on 71 mostly wooded acres north of Crown Hill Cemetery. So when the Metropolitan Development Commission denied Mann's request, the crowd erupted in applause.
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Duke, Lauth, Mansur join MSA site frayRestricted Content

March 26, 2007
Cory Schouten
A who's-who of local firms is planning bids to redevelop the Market Square Arena site with mixed-use projects that would depart sharply from previous efforts focused on residential. New plans are expected to include retail , offices, apartment units and condos backed by high-profile local developers that didn't bid before.
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Crown Hill development showdown loomingRestricted Content

March 19, 2007
Cory Schouten
Debate over a developer's plan to buy 71 acres of woods and wetlands on Crown Hill Cemetery's northern edge for a retail-and-residential project will come to a head this week when the Metropolitan Development Commission votes on the proposal.
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Meridian Street landmark gets new lifeRestricted Content

February 26, 2007
Tammy Lieber
Buckingham Cos., the Indianapolis-based owner/manager of more than 60 apartment complexes in five states, has broadened its development sphere to include three square blocks of downtown real estate.
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Suburban builder J. Greg Allen to tackle downtownRestricted Content

January 15, 2007
Jennifer Whitson
J. Greg Allen & Associates has made a name for itself building suburban subdivisions, office buildings and retail complexes. Now, the developer is poised to tackle a pair of projects downtown.
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Canal site picked for $33M projectRestricted Content

December 4, 2006
Jennifer Whitson
A local developer plans to build a $33 million, four-story apartment and retail complex on the Central Canal just north of Michigan Street. Flaherty & Collins Properties has the three-acre parcel under contract from American United Life Insurance Co.
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Biz park plan west of Plainfield counting on cheaper landRestricted Content

November 27, 2006
Jennifer Whitson
Plans are in place for a 400-acre mixed-use development off Interstate 70 just west of Plainfield--an area quickly becoming the next big thing in industrial real estate.
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Mayor says condo plan for arena site needs more retailRestricted Content

September 11, 2006
Jennifer Whitson
When Mayor Bart Peterson announced Aug. 31 that the efforts of a partnership to build condominium towers on the former Market Square Arena site had failed, he gave his administration 60 days to put together another deal. Peterson's vision: Hold onto the concept of a residential tower, but add "significantly more retail."
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VanAusdall to auction off city blockRestricted Content

August 21, 2006
Jennifer Whitson
Local office equipment distributor VanAusdall & Farrar Inc. is putting an entire city block on North Meridian Street up for auction, a move that could spur development in a corridor real estate experts say is ripe for activity. The three-acre property is between 12th and 13th streets.
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Crown Hill land's price tag hinges on retail approvalRestricted Content

July 31, 2006
Jennifer Whitson
Now that Mann Properties LLC has won the bidding war for 70 acres of land on the northern end of Crown Hill Cemetery, the rezoning debate begins.
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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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