Urban development

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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Plans emerge for Winona Hospital redevelopmentRestricted Content

August 3, 2009
Cory Schouten
The Children’s Museum of Indianapolis wants the city to tear down the old Winona Memorial Hospital so it can build a community park and outdoor learning center. A private firm that specializes in environmentally impaired properties wants to turn the building into senior apartments.
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GARNER: Urban redevelopment requires dialogue

August 3, 2009
Sanford Garner
Later this summer, architects, urban planners, economists and hydrologists from around the city and around the nation will come to Indianapolis to begin planning for the redevelopment of the area near 22nd Street and the Monon Trail. Known as the American Institute of Architects Sustainable Design Assessment Team, it will work with neighborhood organizations and city leaders to develop a renewal plan to turn this blighted area into a thriving neighborhood.
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EDITORIAL: Project near MSA may be worth the riskRestricted Content

June 22, 2009
The city has unveiled a dramatic plan for new housing and retail development to revitalize the old Market Square Arena site. Despite some shortcomings, the project deserves a chance to give the stagnant area a boost.
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Cultural Trail spurs development plan along Virginia AvenueRestricted Content

June 8, 2009
Cory Schouten
A local architecture firm hopes to challenge hip Mass Ave with an arts-themed development in Fletcher Place. The $9 million project would include apartments, retail and office space.
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Irvington rolls out $1.2 million promotional campaignRestricted Content

June 1, 2009
Anthony Schoettle
In the midst of a $1.2 million campaign to upgrade streets, sidewalks and other neighborhood infrastructure, a coalition of Irvington businesses and residents is launching a unique marketing campaign to tout the neighborhood's recent enhancements and position it as an alternative to places such as Carmel, Zionsville, Geist and Noblesville.
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Transit, sustainable development likely to be themes in rescue of near-north neighborhoodRestricted Content

June 1, 2009
Chris O'Malley
Local leaders and, soon, a national team of experts, are quietly developing a strategy to revitalize Marion County's biggest concentration of brownfield sites and impoverished urban neighborhoods, centered at East 22nd Street and the Monon Trail.
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Developer wants to turn project into apartments, officesRestricted Content

May 25, 2009
Cory Schouten
A local developer is hoping to convert an unfinished eight-story luxury condo project downtown into a mostly affordable apartment building with its headquarters on the top floor.
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Flaherty selected to revitalize Barton, Lugar tower sitesRestricted Content

May 18, 2009
Locally based Flaherty & Collins Properties plans to build retail and residential space on land that surrounds two downtown public housing towers.
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Mayor says some of 38 TIF districts have problems, might need reorganizationRestricted Content

September 15, 2008
Peter Schnitzler

Mayor Greg Ballard worries his predecessor, Bart Peterson, may have overreached with his ambitious tax-increment-financing district for the last phase of Fall Creek Place. That phase of the renewed urban neighborhood isn't producing enough revenue to support its $6.2 million in outstanding bonds. And Ballard is not sure all of Marion County's 37 other TIF district are necessary, either.


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Charter Homes builder draws scrutiny for odd sales claims, multiple liensRestricted Content

August 25, 2008
Cory Schouten

Charter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its rampant crime, boarded-up homes and vacant lots. But as he's constructed a slew of homes and carriage houses there, the local builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.

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Ralston Square development lures bar, hotel, bowling alleyRestricted Content

July 7, 2008
Cory Schouten
A trendy bar and an upscale hotel have agreed to anchor the 11-story Ralston Square project slated for South Street between Meridian and Pennsylvania streets. The developers of the $60 million mixed-use project are moving forward after landing the tenants necessary to secure a loan commitment, said Brian Epstein, president of locally based Urban Space Commercial Properties and a partner on the project.
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Group plots public-private revival for midtown Meridian neighborhoodsRestricted Content

June 30, 2008
Cory Schouten
There was a time when residents of Meridian Kessler, Butler Tarkington, and Broad Ripple viewed North Meridian Street as a connection between their neighborhoods. These days, the road feels more like a divide-an intimidating commuter highway between downtown and the northern suburbs that discourages pedestrian and bicycle traffic. A partnership of community groups including the Meridian Street Foundation is hoping to change that by giving the neighborhoods a collective identity--Midtown--and mixing private and public money to fund major infrastructure improvements.
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Developers vie for property by Central LibraryRestricted Content

June 9, 2008
Chip Cutter
Two high-profile property developers are squaring off for the rights to transform a six-story apartment complex adjacent to the Central Library downtown. Van Rooy Properties and Buckingham Cos. both submitted proposals to redevelop the Ambassador apartments at 39 E. Ninth St., just north of the library.
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Renovated Central Library spawns neighborhood revivalRestricted Content

April 28, 2008
Cory Schouten
A local developer plans to spend up to $45 million building a "north village of downtown" on several parcels it has assembled near the Central Library. Buckingham Cos. plans to build apartments, offices, restaurants and retail space-all surrounding its headquarters in the three-story Stokely-Van Camp building at the southeast corner of Meridian and St. Joseph streets.
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Developer with environmental bent has $20M pipeline of projectsRestricted Content

February 4, 2008
Cory Schouten
Expensive suits and luxury cars are standard issue for most developers, but not for the owners of locally based Casa Verde LLC. Three of four owners sport beards. They build only Leadership in Energy and Environmental Design, or LEED, certified projects. But don't let the hippie image mask the company's mission: Make green by building green.
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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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