Urban development

City asks developers to make local hires in downtown TIFRestricted Content

October 6, 2012
Kathleen McLaughlin
Indianapolis 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.
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Virginia Avenue attracts yet another project

September 11, 2012
Tom Harton
Englewood 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.
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Steak n Shake paying $3.8M for Ober Building

September 4, 2012
Cory Schouten
An 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.
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Vacant Consolidated Building purchased by local buyersRestricted Content

August 18, 2012
Cory Schouten
Two 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.
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City Market hopes catacombs tours spur interest in redevelopment

August 11, 2012
Ellen Kobe
Catacombs
                           watch videoCity 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.
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Developers taking serious look at former GM site

August 9, 2012
Kathleen McLaughlin
At 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.
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Parking-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.
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City to consider connectors for downtown garage

August 6, 2012
Scott Olson
The 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.
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Showdown escalates in City-County Council over TIFs

August 4, 2012
Kathleen McLaughlin
Redevelopment 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.
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'Creating a vision' is job one for IDI’s new presidentRestricted Content

August 4, 2012
Dan Human
Sherry 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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EDITORIAL: City needs to raise bar for project designRestricted Content

July 28, 2012
It’s puzzling that Indianapolis doesn’t demand more of those who shape its built environment.
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Beech Grove mayor starts process to form CDC

July 27, 2012
Scott Olson
Mayor Dennis Buckley on Friday requested the establishment of a community development corporation with a signed proclamation, which will be presented to the city's development commission for consideration. He hopes to have it operating within the next month.
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Meadows neighborhood developer aims for retailRestricted Content

July 14, 2012
New housing, health facility could help attract grocer.
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Board's ruling puts Fall Creek home sites back on marketRestricted Content

July 7, 2012
Cory Schouten
Buyers have quickly snapped up two home sites and the city might sell seven more on a stretch of Broadway Street where The Oaks Academy had hoped to build a soccer field.
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Commission to recommend more limits on local TIFs

June 28, 2012
Kathleen McLaughlin
A study commission on tax-increment financing will vote Thursday evening on a set of policy recommendations that would limit the use of TIF districts in Indianapolis.
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Whitsett's Lockerbie project will be market rate

June 19, 2012
Tom Harton
Whitsett was counting on selling state-issued affordable housing tax credits to finance the $27 million project, but it wasn’t among the projects awarded credits.
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Buckingham recruiting tenants for CityWay office buildingRestricted Content

June 16, 2012
Structure to be built steps away from Rolls-Royce, Lilly and newly built apartments and retail space.
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Angie's List CEO Oesterle grows east-side footprintRestricted Content

June 9, 2012
Kathleen McLaughlin
Bill Oesterle’s firm Henry Amalgamated has purchased 48 properties in the Holy Cross neighborhood from 2006 through this May. Nearly 40 percent of those purchases have been made since Angie’s List struck a $7.1 million incentives deal with the city of Indianapolis in October.
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EDITORIAL: City sends message that design countsRestricted Content

June 2, 2012
 IBJ Staff
Indianapolis' urban design guidelines are intended to create an environment that is appealing to those who live, work and shop here. That, in turn, creates demand, providing an opportunity for future investment while protecting investments already in place.
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City delays approval of downtown parking garage

May 24, 2012
Scott Olson
A local developer's plans for a parking garage, part of an $85 million project, met resistance from a city official who said the structure's design needs to be more "pedestrian-friendly" for the area of Illinois and New York streets.
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Children's Museum selects developer for Winona site

May 23, 2012
Local affordable housing developer The Whitsett Group has been chosen to redevelop the site on North Meridian Street. Its other major development is a $22 million project set for the former Keystone Towers site.
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First stage of $85M downtown project up for approval

May 22, 2012
Scott Olson
The city is set to hear a request on Thursday by a local developer to build a five-story parking garage at the corner of New York and Illinois streets downtown. The garage is part of a development that would be anchored by a Marsh store.
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Binford-area neighborhood alliance upping ambitionsRestricted Content

May 19, 2012
Kathleen McLaughlin
The two main retail centers in a northeast-side development area will be at 100-percent occupancy when Uncle Bill’s Pet Express opens in a small space at Binford Boulevard and 71st Street. Binford Area Growth and Revitalization, a super-neighborhood association better known as BRAG, began striving for this milestone in 2005.
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Georgia Street redevelopment looking old already

May 5, 2012
Cory Schouten
The newly spruced-up stretch of Georgia Street between the Indiana Convention Center and Bankers Life Fieldhouse is looking older than its age. Stone pavers are dislodged and stained. The wooden boardwalk is badly discolored. Bollards are askance after taking hits from errant vehicles.
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New charter school proposed for North Meridian Street

May 4, 2012
Cory Schouten
An Arizona charter school operator serving middle and high school students has filed plans to build a two-story school at Meridian and 22nd streets.
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