Development/Redevelopment

Altum’s staying put at current west Carmel location

March 23, 2011
Scott Olson
The nursery on Michigan Road had planned to move to a smaller piece of land about four miles north, but hasn't found a buyer. Kroger nixed a deal to buy its property last fall.
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Retail/office building planned for site at Fort BenRestricted Content

March 19, 2011
Tom Harton
Speculative development is almost unheard of these days, but the Fort Harrison Reuse Authority is taking the plunge.
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Office/retail building planned for Fort Ben

March 15, 2011
Tom Harton
Speculative development is almost unheard of these days, but the Fort Harrison Reuse Authority is taking the plunge as it works toward breaking ground this year on what it expects will be a 45,000-square-foot building geared toward retail and office tenants.
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Volunteers market growing retail space along East 10th

March 8, 2011
Francesca Jarosz
Six projects with more than 25,000 square feet of space will be completed this year and in 2012 along the 10th Street corridor, which runs from near Rural Street east to Sherman Drive.
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City hires project manager for international district improvements

March 5, 2011
 IBJ Staff
The plan would enhance the area around West 38th Street and Lafayette Road with landscaping, monuments and murals.
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Construction activity falls to near-decade low

March 1, 2011
Associated Press
The current pace of construction activity is just about half of the $1.5 trillion level that economists believe would signal a healthy construction sector.
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Deal to redevelop Bank One garage full of twists, turnsRestricted Content

February 26, 2011
Cory Schouten
The city of Indianapolis is finally poised to close, after three years of twists, a complex redevelopment deal on the 1,600-space former Bank One parking garage.
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Indianapolis halts work on blighted historic building

February 26, 2011
 IBJ Staff
The owner of the 1880 building located at 42 E. Washington St. was cited for doing unapproved work to the facade.
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Indianapolis airport plan plays up money-making logisticsRestricted Content

February 26, 2011
Chris O'Malley
Growing cargo and logistics business overshadows such titillating concepts as solar farm, recreation campus.
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Developers need Greenwood's OK for disputed land

February 25, 2011
Kathleen McLaughlin
Now that the Indiana Supreme Court has settled the lengthy Greenwood-Bargersville annexation battle, developer Mike Duke is ready to build on a 60-acre tract in the heart of the disputed territory.
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Broad Ripple raising money to preserve historic buildings

February 22, 2011
Tom Harton
A movement to protect historic buildings in Broad Ripple could target as many as 60 properties.
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Lilly's master plan for downtown (real estate)

February 19, 2011
Cory Schouten
As Eli Lilly and Co. outsources work and sheds unnecessary properties, it is making moves with surplus real estate that could establish the strongest physical connection between Lilly and downtown since the company was founded at Pearl and Meridian streets 135 years ago.
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Airport could land $63M annually from land redevelopment

February 18, 2011
Chris O'Malley
A consultant's long-term land-use plan approved Friday morning by the Indianapolis Airport Authority recommends expected uses such as cargo and logistics, and offbeat uses such as construction of a solar-energy farm.
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Castleton Plaza seeks bankruptcy reorganization

February 18, 2011
Scott Olson
Shopping center on East 82nd Street lists nearly $10.4 million in liabilities and about $7.6 million in assets. The Chapter 11 filing follows a request to foreclose on the property from the center's lender.
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Incentives, long-term leases urged for airport development

February 17, 2011
Chris O'Malley
The Indianapolis Airport Authority board on Friday is set to approve a long-term land-use plan that will help steer future development in and around Indianapolis International Airport and its five smaller fields for decades to come.
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Complaints spark IURC to limit telecom’s service territory

February 17, 2011
Scott Olson
E.Com Technologies LLC, which serves the large Centennial subdivision in Westfield, cannot expand its service territory without the state agency's permission. Charges of anti-competitive behavior led to the decision.
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Whitsett proposes 86-unit downtown apartment project

February 15, 2011
Tom Harton
The $7.2 million project, to be financed with affordable-housing tax credits, involves retrofitting the three-story former Central Restaurant Products building to accommodate one- and two-bedroom apartments.
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Glick partners on $30M downtown apartment development

February 14, 2011
Cory Schouten
The lead developer on a long-delayed proposal to redevelop the former Bank One Operations Center has landed a powerhouse partner: apartment developer Gene B. Glick Co.
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Keystone Towers heading toward demolition, city says

February 10, 2011
 IBJ Staff and Associated Press
An Indianapolis Department of Metropolitan Development official says the city has plans to tear down the abandoned 15-story Keystone Towers complex at Allisonville Road and Fall Creek Parkway and seek proposals for redevelopment.
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Council to vote on funding for North of South project

February 7, 2011
The City-County Council will consider Monday evening whether to allow the city to issue $98 million in bonds to finance a portion of the controversial $155 million development.
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EDITORIAL: North of South project worth the risk

February 5, 2011
We understand the concern expressed by some on the City-County Council over Indianapolis’ role in financing the $155 million project, but there are compelling reasons to approve it.
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Bond wariness might make it tough for cities to borrowRestricted Content

February 5, 2011
Francesca Jarosz
Interest rates on municipal bonds have ticked up in the last two months to pre-recession levels as investors have pulled their money from bond funds in droves. That pattern has begun, gradually, to reverse, but the higher rates could add to the cost of issuing debt for pending city projects.
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Fix-up list is long as Indianapolis prepares for 2012 Super Bowl

January 29, 2011
Chris O'Malley
Plenty of opportunities await city officials bent on making downtown shine for the massive event.
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Brenwick turns over commercial sales, leasing at Village of West Clay

January 25, 2011
Tom Harton
Ambrose Property Group, a commercial leasing and development company headed by former Duke Realty Corp. broker Aasif Bade, took over for Brenwick, which is primarily a residential developer, at the beginning of the year.
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Vote on North of South project's bond financing delayed

January 21, 2011
Scott Olson
The city's Economic Development Committee, which was set to vote on the downtown project's $98 million bond financing package on Tuesday, chose to wait until February after making a few changes.
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