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Project Funding
Browning set to start retail project; another in works
March 8, 2011
Tom HartonBrowning Investments is close to breaking ground on a small retail strip center on West 86th Street in front of St. Vincent
Hospital and is in the early stages of planning a larger retail center at 131st and Meridian streets.
MoreNorth of South development to start this summer
March 1, 2011
Tom HartonNow that financing for Buckingham Cos.’ massive project has the city’s blessing, the local developer is turning
its full attention to construction of the 14-acre, mixed-use complex.
MoreGlick partners on $30M downtown apartment development
February 14, 2011
Cory SchoutenThe lead developer on a long-delayed proposal to redevelop the former Bank One Operations Center has landed a powerhouse partner:
apartment developer Gene B. Glick Co.
MoreCity agency signs off on North of South site plans
February 10, 2011
Scott OlsonRegional Center Hearing Examiner gives blessing to the $155 million development's master plan. Site plans will go before the
Metropolitan Development Commission on March 2.
MoreTechnicality delays council's North of South vote
February 8, 2011
Tom HartonA technicality caused the City-County Council on Monday night to put off a final vote on the massive North of South mixed-use
project slated to be built on 14 acres north of the Eli Lilly and Co. corporate campus.
MoreCouncil to vote on funding for North of South project
February 7, 2011
The City-County Council will consider Monday evening whether to allow the city to issue $98 million in bonds to finance a
portion of the controversial $155 million development.
MoreLender tries to sell note for Legacy at big loss
January 15, 2011
Cory SchoutenThe lead bank on the massive Legacy development along 146th Street in Carmel has put the note up for sale with an asking price
of about $15 million—less than half what lenders have sunk into the project.
MoreCitimark rejoins development game
January 11, 2011
Tom HartonThe company last month broke ground on an 8,000-square-foot medical building near 86th Street and Allisonville Road. The project
is the first of three buildings it plans to develop as part of Gardens at Castle Creek.
MoreTrail Side funding finally closes
January 11, 2011
Tom HartonFinancing for construction of a $10 million, mixed-use building at 875 Massachusetts Ave. closed Dec. 22, allowing developers
to proceed with the project after a funding snag nearly killed it.
MoreSimon target's valuation 'out of reach' for Indianapolis firm
January 7, 2011
Bloomberg NewsCapital Shopping Centres Group Plc, the U.K.’s biggest shopping mall owner, said it is worth as much as $9.64 a share
to a bidder, almost 50 percent more than an offer from Indianapolis-based Simon Property Group Inc.
MoreCommercial real estate will continue its climb back in 2011
January 4, 2011
Tom HartonMedical office likely will be the strongest sector, followed by apartments.
MoreLender takes action on Renaissance Bay project
December 29, 2010
Chris O'MalleyAn incomplete $150 million development that was supposed to feature 305 luxury condominiums along a 25-acre lake on the north
side of Indianapolis has been placed in receivership.
MoreNorth of South financing clears first hurdle
December 2, 2010
Scott OlsonThe Metropolitan Development Commission has approved an $86 million city loan to help fund the $155 million mixed-used development
near the downtown campus of Eli Lilly and Co. The project still needs approval from the City-County Council.
MoreForeclosure washes away water park plans in Fishers
November 24, 2010
Scott OlsonDeveloper Puller Group has agreed to relinquish a high-profile property approved for a massive water park and retail project
to lender Fifth Third Bank following a months-long legal battle over an $8.6 million loan.
MoreStart of downtown North of South project in flux
November 22, 2010
Scott OlsonThe developer of the $150 million mixed-use project in downtown Indianapolis had hoped to start construction by the end of
the year. But delays in getting the project zoned properly likely will move the start date back.
MorePart of City Market renovation project put on hold
November 4, 2010
Francesca JaroszCity planners have downsized their renovation plans because project bids came in too high to meet the $2.7 million budget.
MoreDowntown apartment developers take divergent paths to financing
October 30, 2010
Cory SchoutenJ.C. Hart Co. spent more than a year securing a $5 million bank loan to expand an existing project; Buckingham Cos. turned
to the city to finance its ambitious project just north of the Eli Lilly and Co. campus.
MoreDeveloper of Binford Medical Complex files for Chapter 11
October 12, 2010
Cory SchoutenThe developer of an unfinished medical office complex on Binford Boulevard has filed for Chapter 11 bankruptcy protection
in hopes it can retain control of the property and resume construction later this year.
MoreBroadbent subsidiary seeks bankruptcy reorganization
October 11, 2010
Scott OlsonThe owner of the building that houses the Music Mill concert venue listed assets of $1.4 million and liabilities of $1.3 million.
MoreLegal fight over Pan Am Plaza outpaces redevelopment
October 2, 2010
Cory SchoutenPlaintiffs are challenging the city's 2007 decision to waive a hefty fee that otherwise would have been required to redevelop
the crumbling site.
MoreDolce hotel, YMCA part of city-funded 'North of South' development
September 27, 2010
Scott OlsonThe city plans to issue bonds and use tax-increment financing to fund the $150M project, which also will include 320 high-end
apartments and 40,000 square feet of retail space. Construction should begin this year.
MoreLauth revival hinges on judge approving settlement
September 4, 2010
Cory SchoutenThe deal with financial backer Inland American Real Estate Trust would leave Lauth Group with fewer properties but a more
manageable debt load.
MoreEstridge drops Westfield sports complex, still plans stadium
September 3, 2010
Scott Olson, Cory SchoutenThe Estridge Cos. has withdrawn a proposal to build a massive youth sports complex in its master-planned Symphony development
in Westfield.
MoreDeveloper making final push for embattled Uptown project
July 28, 2010
Cory SchoutenDeveloper Leif Hinterberger has spent five years and most of his savings trying to build a $19M mixed-use
project at 49th Street and College Avenue. The project could be in trouble if he doesn't get city
support.
MorePNC foreclosing on Janus Lofts building
June 22, 2010
Cory SchoutenPittsburgh-based PNC Bank has filed to foreclose on the historic five-story Janus Lofts building at 240 S. Meridian St.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.