Urban development

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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Work begins on Penn Arts apartment, retail project

May 1, 2010
 IBJ Staff
Renovation work finally has begun on the building at 16th and Pennsylvania streets. Developer Christopher Piazza found two equity partners for the project because banks were unwilling to lend.
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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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Insurer lending $7M for east-side Super Bowl project

March 22, 2010
Scott Olson
The aim is to spur redevelopment on the city's blighted near-east side before the 2012 Super Bowl is played in Indianapolis.
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Indianapolis Housing Agency pulls off big tax credit deal

March 13, 2010
Tom Harton
City agency plans renovations, expansions at eight apartment properties.
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Redevelopment planned for site of former juvenile facilityRestricted Content

February 27, 2010
Cory Schouten
King Park Area Development Corp. is preparing to approach developers interested in submitting plans for the 1.8-acre site, the equivalent of about eight residential lots.
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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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Apartment developer plans 217 units in Lawrence

February 19, 2010
Cory Schouten
J.C. Hart Co. is designing plans for a $17 million upscale apartment community as part of the master-planned Lawrence Village at the Fort.
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Super Bowl legacy project taking shape on east side

February 3, 2010
Scott Olson
A revitalization project that helped Indianapolis land the 2012 Super Bowl is beginning to take shape. Organizers hope to build and rehab about 300 housing units, including the Jefferson Apartments "homeownership incubator."
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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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Binford group plots next steps in retail revival

December 15, 2009
Tom Harton
The commercial area at 71st Street and Binford Boulevard is recovering from its funk, but a true transformation hinges on implementing a master plan.
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City mulls 6 proposals for use of Old City Hall

December 5, 2009
Peter Schnitzler

Visions for the empty historic building range from offices to a museum. Two developers propose a boutique hotel on an adjacent parking lot. Video bonus: Tour the landmark's interior.

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Topping off planned for JW Marriott hotel

November 28, 2009
 IBJ Staff
The 34-story hotel, the city's largest, is scheduled to open in 2011.
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Neighborhood revitalization group calling it quits

November 24, 2009
 IBJ Staff
BOS Community Development Corp., created in 1982 to revitalize the Indiana Avenue and Midtown area, says its mission is accomplished.
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Indianapolis looks to Cleveland, Philadelphia for City Market examples

November 21, 2009
 IBJ Staff
The troubled Indianapolis City Market is looking East for a new direction. This summer, its executive director, Jim Reilly, visited Philadelphia and Cleveland to observe their successful urban markets and seek pointers that might be applied here.
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Speedway breaks ground on redevelopment project

November 19, 2009
Scott Olson

Speedway officials broke ground Thursday morning on the first phase of a $500 million redevelopment project they hope will transform the small town into a year-round racing-themed destination.

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Construction under way on downtown condo conversion

November 14, 2009
 IBJ Staff
The Shelton, a five-story building on Delaware Street, is getting a $3 million makeover.
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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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Ball State to offer new degree at downtown Indianapolis campus

October 24, 2009
 IBJ Staff
The master of urban planning degree offered downtown will use the city as an urban laboratory.
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State seeks at least $6.5M for 19-acre site

October 15, 2009
 IBJ Staff
The Indiana Finance Authority said Thursday it plans to auction off a vacant 19-acre development parcel between the White River and Fall Creek near downtown Indianapolis.
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Historic Landmarks returning to headquarters

September 24, 2009
 IBJ Staff
The Historic Landmarks Foundation of Indiana is set to return to its headquarters in downtown Indianapolis tomorrow, six months after a fire at a neighboring apartment project displaced the not-for-profit.
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Anticipated development near stadium isn't materializing

September 19, 2009
Sam Stall
Not long ago, developers seemed to vie for every square inch of open ground in the vicinity of the just-completed Lucas Oil Stadium. These days, the entire neighborhood has been pushed, if not into a financial deep freeze, then at the very least to the back of the crisper drawer.
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New owner to rehab two century-old apartment buildings

September 19, 2009
 IBJ Staff
A local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant downtown properties he plans to convert to market-rate apartments.
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Apartments near downtown canal slated for rehab

September 15, 2009
Tom Harton
A local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant downtown properties he plans to convert to market-rate apartments.
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City-County Council OKs hotel tax hike

August 10, 2009
 IBJ Staff
The City-County Council voted 15-14 last night to approve raising the local hotel tax from 9 percent to 10 percent in a move intended to help the cash-strapped Indianapolis Capital Improvement Board close a $47 million operating deficit.
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