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Development/Redevelopment
City waterways initiative floats economic development ideas
October 6, 2012
Mason KingMore than 100 local groups are joining forces to rehabilitate neglected rivers and streams in Marion County in the hope of
sparking redevelopment.
MoreKeystone Group picked for Butler mixed-use project
October 6, 2012
The university chose Keystone over Kite Realty Group and Lauth Property Group to build housing, retail and parking worth up
to $45 million.
MoreDeveloper targets long-empty College Avenue retail building
October 2, 2012
Tom HartonTeagen Development Inc. has a purchase agreement for the 6,600-square-foot building at 1101 N. College Ave., rescuing it from
an attempt—since withdrawn—to demolish the structure.
MoreBig names competing for Butler project
September 29, 2012
Cory SchoutenButler University is finalizing plans for a mixed-use parking garage project near Clowes Hall that would include neighborhood
retail and housing and might cost as much as $45 million.
MoreSecond-tier office buildings Indianapolis now top-of-mind for buyers
September 22, 2012
Mason KingClass B admirers are benefiting from low prices and lending rates, and turning the buildings into apartment and company headquarters.
MoreSenior housing slated for old Lawrence school building
September 21, 2012
Scott OlsonThe Whitsett Group plans to invest $6.5 million to convert the building on East 46th Street into 60 senior housing units.
The Lawrence Township school district put the structure on the block, and Whitsett submitted the winning bid.
MoreCity lands grant to study reuse of old automotive sites
September 19, 2012
Kathleen McLaughlinFederal and local funds will be used in the effort to reposition manufacturing sites abandoned by GM, Ford, Chrysler and Navistar.
MoreTIF expert is adviser to many municipalities
September 15, 2012
Scott OlsonLoren Matthes helped broker first tax-increment financing deal in the state
MoreNew metropolitan development director named
September 12, 2012
Adam Thies will succeed Maury Plambeck as director of Indianapolis' Department of Metropolitan Development, effective Oct.
1. Plambeck will lead a program directing the next RebuildIndy investments into city neighborhoods.
MoreVirginia Avenue attracts yet another project
September 11, 2012
Tom HartonEnglewood 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.
MoreAirport may carve up ex-terminal property
September 8, 2012
Chris O'MalleyIndianapolis International Airport managers say they haven’t given up hope that a single, mega-sized tenant could create
an economic development boon at the site abandoned nearly four years ago when the midfield terminal opened. But the latest
listing of redevelopment sites shows the former terminal complex being marketed in pieces.
MoreMDC approves CIB's sale of building to Steak n Shake
September 5, 2012
IBJ StaffThe Metropolitan Development Commission on Wednesday approved a resolution allowing the Capital Improvement Board of Marion
County to sell the Ober Building in downtown Indianapolis to the Steak n Shake restaurant chain.
MoreSteak n Shake paying $3.8M for Ober Building
September 4, 2012
Cory SchoutenAn 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.
MoreEx-concrete plant to be razed for Greenwood nature area
August 31, 2012
Associated PressA former concrete plant in Greenwood faces the wrecking ball to make room for a wider road. The city plans to raze the former
Prairie Materials concrete plant so it can turn Worthsville Road into a major boulevard that can handle traffic from a planned
Interstate 65 exit.
MoreFedEx Ground eyeing Zionsville for distribution center
August 30, 2012
IBJ StaffFedEx would bring a distribution complex to Zionsville under a tax increment financing deal hammered out with town redevelopment
commission members on Wednesday.
MoreMajor Westfield development projects making progress
August 29, 2012
Scott OlsonSeveral big development projects planned for Westfield are under way or awaiting approval, but plans for a retail center at
U.S. 31 and 161st Street have been on the shelf for several years due to the economy and road construction.
MoreVacant Consolidated Building purchased by local buyers
August 18, 2012
Cory SchoutenTwo 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.
MoreLocal developer buys 50 acres in Intech Park
August 17, 2012
Scott OlsonAce Commercial Development plans to construct a build-to-suit development for an undisclosed client on the highly visible
property. Real estate sources say the client is locally based Heritage Environmental Services LLC.
MoreTroubled Di Rimini apartment building closer to opening
August 15, 2012
Scott OlsonA controversial downtown Indianapolis apartment building that never opened due to severe design deficiencies is a step closer
to being ready for tenants after city officials granted the project’s new owner a zoning variance.
MoreCity Market hopes catacombs tours spur interest in redevelopment
August 11, 2012
Ellen Kobe
City 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.
Developers taking serious look at former GM site
August 9, 2012
Kathleen McLaughlinAt 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.
MoreParking-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.
MoreCity to consider connectors for downtown garage
August 6, 2012
Scott OlsonThe 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.
MoreShowdown escalates in City-County Council over TIFs
August 4, 2012
Kathleen McLaughlinRedevelopment 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.
MoreStar's labyrinth of aging buildings complicates sale, reuse
August 4, 2012
Cory SchoutenLocal real estate pros say finding a reuse for the Indianapolis Star's HQ will be tricky. The newspaper is selling
its labyrinth of buildings at 307 N. Pennsylvania St., which have multiple floor levels, narrow hallways and a basement built
to house printing presses.
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.