Proposals

Start of downtown North of South project in flux

November 22, 2010
Scott Olson
The 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.
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Part of City Market renovation project put on hold

November 4, 2010
Francesca Jarosz
City planners have downsized their renovation plans because project bids came in too high to meet the $2.7 million budget.
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Downtown apartment developers take divergent paths to financing

October 30, 2010
Cory Schouten
J.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.
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Site chosen for proposed Westfield sports complex

September 28, 2010
Anthony Schoettle
The Hamilton County sports and recreation campus—known as the "Family Sports Capital of America"—is expected to occupy 300 acres and cost millions to fully develop.
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Dolce hotel, YMCA part of city-funded 'North of South' development

September 27, 2010
Scott Olson
The 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.
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$150M 'North of South' project moving ahead

September 27, 2010
 IBJ Staff
Officials are announcing details of an ambitious downtown development planned for 10 acres Eli Lilly and Co. owns near its Indianapolis headquarters. The project will include a hotel, apartments, restaurants and retail space and a YMCA.
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Developer seeks rezoning for Canal apartments

September 23, 2010
Scott Olson
The city's Division of Planning was set to hear a request Thursday afternoon by Valparaiso-based Investment Property Advisors LLC to rezone property near the Central Canal for a 150-unit apartment complex.
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Tower manager proposes 4th Artsgarden skywalk

September 16, 2010
J.K. Wall
Reit Management & Research LLC made a presentation Wednesday to the Indianapolis Metropolitan Development Commission for its plans to build a pedestrian walkway between Circle Centre mall and PNC Center.
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Children's Museum plans neighborhoods' revitalization

July 17, 2010
Kathleen McLaughlin
The Children's Museum of Indianapolis is about to expand its role in urban redevelopment. It has already invested more than $1 million in the half-dozen blocks around its campus on North Meridian Street, and now plans to help create a comprehensive plan for an area that encompasses six nearby neighborhoods.
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Westfield's proposed Symphony development under review

July 8, 2010
 IBJ Staff and Associated Press
The Westfield planning commission has asked city employees to further review the 1,400-acre mixed-use project that could include thousands of homes, shops, a YMCA and a baseball stadium.
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Buckingham thinks big with plans for downtown development

June 26, 2010
Cory Schouten
Will the latest ambitious downtown development proposal finally master the formula for transforming a downtown surface parking lot?
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Proposed development near Lilly campus could include hotel

June 8, 2010
Indianapolis developer Buckingham Cos. is in discussions to build a mixed-use development that could include apartments, shops, office space, and a hotel and conference center.
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Construction supplies firm plans mixed-use HQ downtown

June 2, 2010
Cory Schouten
Affordable Building Supplies LLC, which was displaced by the construction of Lucas Oil Stadium, hopes to move its headquarters closer to downtown in a new mixed-use building on South Meridian Street.
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Mass Ave project adds garage, wins approvalRestricted Content

May 8, 2010
Tom Harton
Work could begin this fall on $10 million Trail Side complex.
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Lugar Tower project delayed by lack of tax credits

March 26, 2010
Scott Olson
Renovation of apartment building owned by the Indianapolis Housing Agency will have to wait, after it failed to receive the necessary federal backing to fund it. Three other IHA projects, including Caravelle Commons, will move forward, however.
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Disagreement about parking delays project on Meridian Street

February 27, 2010
 IBJ Staff
A local developer’s plans to renovate a long-vacant and graffiti-covered 1915 building have hit a snag.
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Clarian eyes vacant Levitz space for office, warehouse use

February 2, 2010
Kathleen McLaughlin
Clarian Health Partners is considering converting a long-vacant, 180,000-square-foot Levitz furniture store on East Washington Street into a center for home-health and pharmacy services.
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Buckingham tapped to develop mixed-use project near IUPUI

January 2, 2010
 IBJ Staff
Former YMCA branch at 860 W. 10th St. would be razed to make way for retail and housing.
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Indiana Ice plan to build $12 million hockey facility

December 2, 2009
Scott Olson
Ice Sports and Entertainment, the owner of the Indiana Ice hockey team, announced Wednesday afternoon that it plans to build a complex that could contain up to four skating rinks and house the Indiana/World Skating Academy.
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Center Township seeks redevelopment bids for former YMCA

October 28, 2009
Cory Schouten
The owner of the vacant former Fall Creek YMCA along West 10th Street is seeking bidders interested in tearing down the building and redeveloping the prime 2-acre site.
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Hendricks County offers land for hotel development

October 26, 2009
 IBJ Staff
The Hendricks County Convention and Visitors Bureau said Monday that it is asking for proposals to develop a full-service convention hotel on up to 18 acres in Plainfield at the intersection of Interstate 70 and Highway 267.
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Second developer facing foreclosure on Fishers property

October 20, 2009
Scott Olson
The developer of the proposed $80 million project is facing foreclosure on the property at the same time adjoining land critical to the project's development has been scheduled for liquidation by a lender.
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Firms line up to find new uses for old airport terminal, other properties

October 10, 2009
Chris O'Malley
The cash-strapped Indianapolis Airport Authority suddenly can’t look soon enough at developing some of its vast real estate holdings, including the city’s former passenger terminal. This month, it plans to conduct final contract negotiations with a firm that would study reuse of the old terminal, adjacent land and other airport holdings.
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$65M development deal would cost Capital Improvement BoardRestricted Content

June 22, 2009
Cory Schouten
The Capital Improvement Board could be forced to give up one of its most profitable assets so the city can pull off a $65-million public-private downtown development deal. The city has agreed to help a developer revitalize the vacant former Bank One operations center in part by acquiring an adjacent parking garage for $18.5 million.
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EnerDel poised to get jolt of stimulus juiceRestricted Content

June 22, 2009
Greg Andrews
Within weeks, EnerDel expects to receive notification that it's getting as much as $480 million in financing under a U.S. Department of Energy program aimed at fostering advanced vehicle manufacturing.
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