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Urban development
Athenaeum weighs redevelopment bids for surface parking lot
May 18, 2013
Scott OlsonThree 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.
MoreBig names lining up to tackle Market Square site
April 20, 2013
Scott OlsonCity 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.
MoreSite swaps could clear the way for $43M Mass Ave project
March 9, 2013
Cory SchoutenCity officials are working on a deal that could result in a new headquarters and downtown station for the Indianapolis Fire
Department, a fresh user for a vacant former car dealership, and long-awaited groundbreaking on a $43 million apartment and
retail redevelopment on Mass Ave.
MoreBallard plans new redevelopment effort for Market Square site
March 7, 2013
Dan Human, Kathleen McLaughlinMayor Greg Ballard, in his annual State of the City speech scheduled for Friday, plans to call for new proposals for the downtown
site that previously was home to Market Square Arena. The city expects the proposals to include a high-rise building with
a major retail component.
MoreLocal housing projects get $3.4M boost from tax credits
March 1, 2013
The Indianapolis developments include new apartments for seniors, the developmentally disabled and homeless veterans, using
sites such as Fort Harrison and the former Central State grounds.
MoreDowntown projects face crucial hurdles
February 12, 2013
Tom HartonTwo downtown apartment projects seek critical government approvals in the next month, while another commercial project
is on track to start this year.
MoreSoccer stadium could be development springboard
January 19, 2013
Anthony SchoettleLanding a North American Soccer League franchise might be the easiest part of Indianapolis developer Ersal Ozdemir’s
grand plan, which includes building a downtown soccer stadium and surrounding it with retail and residential space.
MorePlans afoot to redevelop Payton Wells properties
January 12, 2013
Cory SchoutenA local developer hopes to build a $20 million apartment and retail project on one of several Old Northside lots once used
by the defunct car dealership Payton Wells.
MoreInvestor: Kroger missed chance to buy ‘linchpin’ property
January 5, 2013
IBJ StaffOwner of real estate near 16th and Central says grocery chain showed little interest, but Kroger says it still wants property
to make way for new downtown store.
MoreIndianapolis receives $39M loan guarantee from HUD
November 20, 2012
The city will use the funding to establish a Community and Economic Loan Pool to provide financing for economic development
and housing rehabilitation initiatives to benefit people of low and moderate incomes.
MoreDeveloper unveils 16-home project just east of downtown
November 20, 2012
Tom HartonThe Re-Development Group Inc. bought a1.6-acre site at New York Street and Highland Avenue last May and will raze three 1960s-era
office/warehouse buildings to make way for home construction in 2013.
MoreOne Mass Ave project starts; another one is in limbo
November 13, 2012
Tom HartonInsight Development has begun building an $11.5 million, 61-unit apartment project at Massachusetts Avenue and East and North
streets. But the fate of the second phase is up in the air because its financing had been tied to a project Insight
and Flaherty & Collins Properties had hoped to develop across Mass Ave at the site of the Indianapolis Fire Department
headquarters.
MoreCity bans bulk land-bank sales after lopsided deal with not-for-profit
November 3, 2012
Cory SchoutenIndianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately
flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors
more than $1 million. (with interactive
map)
MoreDeveloper gets OK for second phase of apartment project
October 26, 2012
Scott OlsonTrinitas Ventures of West Lafayette plans to break ground next spring on a $20 million student housing project on Indiana
Avenue with 214 units. The developer already has built 253 units on the site.
MoreFocal point for Mass Ave project: Huge electronic screen
October 25, 2012
Cory SchoutenThe most striking feature of a proposed $43-million development along Mass Ave is a Times Square-style electronic screen that
would wrap around the building's corner and rise more than three stories.
MoreCity asks developers to make local hires in downtown TIF
October 6, 2012
Kathleen McLaughlinIndianapolis city-county councilors hope expanding the downtown TIF district will mean more jobs for their constituents. Developers,
city contractors and other firms benefiting from the expanded economic-development zone must try to ensure that 40 percent
of their work force comes from within the expanded TIF area.
MoreVirginia Avenue attracts yet another project
September 11, 2012
Tom HartonEnglewood Development has under contract the former Shirley Engraving property at 460 Virginia Ave., where it plans up to
50 apartments, about 5,000 square feet of retail space and an underground parking garage.
MoreSteak n Shake paying $3.8M for Ober Building
September 4, 2012
Cory SchoutenAn affiliate of the Steak n Shake restaurant chain has agreed to pay $3.8 million to acquire downtown's Ober Building
from the Capital Improvement Board of Marion County. The restaurant chain likely will move its headquarters to the 1910 building.
MoreVacant Consolidated Building purchased by local buyers
August 18, 2012
Cory SchoutenTwo local buyers are angling to revitalize a century-old, 15-story downtown landmark that has confounded redevelopment attempts
since its last tenants departed in the late 1990s. Ambrose Property Group and The Whitsett Group hope to transform the Consolidated
Building into 98 apartments with first-floor retail or restaurant space.
MoreCity Market hopes catacombs tours spur interest in redevelopment
August 11, 2012
Ellen Kobe
City Market officials are giving public tours of the catacombs beneath the marketplace, in the hope that someone
will be interested in transforming the 20,000-square-foot space into a restaurant or event venue.
Developers taking serious look at former GM site
August 9, 2012
Kathleen McLaughlinAt least six reputable developers, both local and national, have toured the former General Motors plant near downtown Indianapolis
since it closed last year, according to an official trying to market the property. Of those, two are taking a serious look.
MoreParking-garage connectors receive city approval
August 9, 2012
The Metropolitan Development Commission's plat committee has given local developer Flaherty & Collins Properties the go-ahead
to include two upper-level pedestrian connectors in its plan to build a five-story parking garage downtown. The garage is
part of a larger, $85 million development.
MoreCity to consider connectors for downtown garage
August 6, 2012
Scott OlsonThe developer of a five-story parking garage downtown is seeking city approval to build two upper-level pedestrian connectors
to offer easier access to the garage, especially for employees of nearby OneAmerica Financial Partners Inc.
MoreShowdown escalates in City-County Council over TIFs
August 4, 2012
Kathleen McLaughlinRedevelopment of the Massachusetts Avenue fire station could remain in limbo for the foreseeable future, as Mayor Greg Ballard
and council Democrats enter a standoff over tax increment financing districts.
More'Creating a vision' is job one for IDI’s new president
August 4, 2012
Dan HumanSherry Seiwert, former executive director of the Indiana Housing and Community Development Authority, begins Aug. 6 as president
of Indianapolis Downtown Inc., the group that charges itself with developing, maintaining and promoting the heart of the city.
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You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.
For those who let this information strike a nerve, remember that this is still the America that allows the freedom to achieve dreams and goals. Should you really chastise those who are given a perk on a deal that is supported by the consumer (that is until they don't like the deal anymore due to envy) or should the dream of rewards for working be looked at a little closer? I say lets stick to the deal, go to work,earn our keep, shoot for dreams, change our jobs to have that dream or shut up about others achievements ..............while we are still afforded this liberty of America !
Three Magi
Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.