Urban development

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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Nature Conservancy buys blighted industrial siteRestricted Content

January 14, 2008
Cory Schouten
The Nature Conservancy has agreed to buy a blighted industrial property on the eastern edge of downtown to develop a new Indiana headquarters. The $4.5 million project--which will revitalize or replace the former home of Nemec Heating & Supply Co. at 614 E. Ohio St.--should provide another boost to an area that has been bulking up on development, mainly residential.
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Developers roll out barrage of projectsRestricted Content

December 31, 2007
Cory Schouten
It was a big year for downtown development proposals. Two in particular grabbed headlines: Legends District SoDo and Penn Centre.
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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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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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Turf war unfolds in Babe Denny neighborhoodRestricted Content

November 5, 2007
Cory Schouten
A long-neglected neighborhood south of downtown called Babe Denny suddenly is in the spotlight, attracting attention from city planners, code enforcers, land speculators and a politically connected attorney.
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City fights property owners over value of land by stadiumRestricted Content

October 29, 2007
Cory Schouten
A legal fight is brewing over a 2.3-acre parking lot sandwiched between the RCA Dome and Lucas Oil Stadium. The state is seeking to acquire the property through eminent domain and is fighting an appraisal that puts its value at $7 million. The owners, meanwhile, contend the land is worth about twice as much.
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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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Pan Am development deal diesRestricted Content

August 27, 2007
Cory Schouten
Fallout from the subprime mortgage fiasco has scuttled a developer's plans to acquire Pan Am Plaza and could complicate a host of other development deals under way in Indianapolis.
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Pan Am buyer to raze rinksRestricted Content

July 30, 2007
Cory Schouten
A Texas firm has agreed to buy Pan Am Plaza's 12-story office building and skating rinks and is planning to replace the rinks with a more-than-$50-million restaurant and retail development.
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Hotel tower planned by stadium, Lilly campusRestricted Content

July 23, 2007
Cory Schouten
After years of designing banks, churches and condo conversions, Prince/Alexander Architects Inc. is working with unnamed partners on a plan to replace its headquarters with a $47 million, 24-story hotel and condo development called West Merrill Tower.
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Downtown hotel towers in worksRestricted Content

July 2, 2007
Jennifer Whitson
South-side developer J. Greg Allen is pitching a massive project along Pennsylvania Street downtown that includes hotel towers--one 28 stories, the other 17--to be built on property now used mainly for surface parking.
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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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East end of Mass Ave poised for rebirthRestricted Content

May 7, 2007
Cory Schouten
Bustling foot traffic at lunchtime and at night helps sustain many of the restaurants, shops and galleries in the vibrant Mass Ave downtown neighborhood. But few of the Massachusetts Avenue shoppers and diners on foot venture east of the psychological barrier that is College Avenue.
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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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Kosene condos tout affordability in downtown marketRestricted Content

April 9, 2007
Cory Schouten
Kosene & Kosene Residential Inc. pioneered the downtown market for new-construction condos with luxury projects named after classic cars. Now, the locally based company is striving to attract buyers for its latest project by adding a new standard feature: affordability.
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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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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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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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