Development/Redevelopment

Artist Noel to sell Sanctuary in Zionsville, relocate to New York City

February 13, 2014
Lou Harry
Nancy Noel is putting the massive gallery and event space on the market for $1.85 million. She'll keep her residence in the area, but plans to open a gallery in the Big Apple.
More

Proposed criminal justice complex draws five bidders

February 12, 2014
Kathleen McLaughlin
In the meantime, city officials are arranging to meet with lawyers, judges and residents who are concerned about moving jails and courts from downtown's core.
More

$80M project on tap for Keystone at the CrossingRestricted Content

February 8, 2014
Scott Olson
A local developer plans to build a hotel, apartments, offices and retail space on the last two vacant parcels in Keystone at the Crossing.
More

Architecture firm closing, renovated HQ on block

February 7, 2014
Scott Olson
A2SO4 Architecture LLC has begun to wind down operations as a bank forecloses on a couple of construction loans for its new headquarters with a total balance of more than $1 million.
More

City committee again delays vote on MSA tower’s financing

February 4, 2014
Scott Olson
Members of the Metropolitan and Economic Development Committee said they needed more information on Flaherty & Collins' proposed $81 million high-rise project on the former Market Square Arena site.
More

Deadline nears for saving Anderson's Wigwam gym

February 3, 2014
Associated Press
School officials say a plan is needed to pay ongoing costs at Anderson's iconic Wigwam gymnasium while a group trying to save the building faces a deadline to hold off its demolition.
More

Airport site identified as 'preferred' for criminal-justice complex

February 3, 2014
Indiana Lawyer Staff, Dave Stafford
An airport location and the former GM metal-stamping property near downtown are the top two sites listed for a Marion County jails-courts complex in a market survey of 14 potential sites conducted for the city by real estate services firm CBRE.
More

Indiana plans $75M push to demolish abandoned homes

February 3, 2014
Associated Press
Lt. Gov. Sue Ellspermann announced the initiative Monday at the Statehouse. She said knocking down blighted and abandoned homes will help maintain property values and cut down on crime.
More

Developer planning Sophia Square sequel near Meridian Street

February 1, 2014
Andrea Muirragui Davis
The developer behind the $60 million Sophia Square building in Carmel’s Arts & Design District is proposing a similar project about a mile west.
More

Preservation tax credit gets makeover in House bill

January 29, 2014
Erika Brock, The Statehouse File
The Indiana House is set to consider legislation that would shift the state’s historical preservation tax cut program into one that relies on grants instead.
More

Duke Realty reports strong quarterly, annual results

January 29, 2014
The Indianapolis-based real estate developer said it earned a profit in both the fourth quarter and entire year after reporting losses in 2012.
More

Developer pitching $17.5M project in downtown Fishers

January 28, 2014
Andrea Muirragui Davis
Fishers’ Town Council is expected to vote Monday on a proposal that calls for the town to contribute property for the office-retail project and $6 million for its 330-space parking garage.
More

New concert venue proposed for GM plant site

January 25, 2014
Scott Olson
A concert venue rivaling the size of Klipsch Music Center in Noblesville has emerged as the favorite in a bid to redevelop the former General Motors metal-stamping plant on the western edge of downtown.
More

New owners plan changes at Metropolis mall

January 23, 2014
Scott Olson
A joint venture involving a Memphis-based developer has purchased the shopping center in Plainfield and plans to invest millions to update the troubled property. A name change also is a possibility.
More

Foes of $25M Broad Ripple project go to court

January 20, 2014
Scott Olson
The local group wants a judge to overturn the city's decision to grant zoning variances for the apartment-and-retail project. In the meantime, developer Browning Investments is moving forward with its plans.
More

County to rebuild fair grandstand two years after arson

January 20, 2014
Associated Press
Shelby County commissioners have awarded a $2.3 million contract for construction of the new grandstand to Zionsville-based RL Turner Corp.
More

Zionsville panel OKs Hat World land deal for HQ

January 14, 2014
Andrea Muirragui Davis
Zionsville officials on Monday agreed to sell 15.6 acres in the new Creekside Corporate Park to Hat World Inc. for $577,200. Local incentives tied to the deal could allow the company to recoup at least half of the purchase price.
More

City-County Council, mayor settle on TIF policy

January 14, 2014
Kathleen McLaughlin
Mayor Greg Ballard's administration has agreed to a new policy around creating and managing tax-increment finance districts. The policy is headed to the City-County Council for approval.
More

Developer plans $80M project in Carmel

January 4, 2014
Andrea Muirragui Davis
Apartment specialist Edward Rose Properties Inc. is proposing an $80 million mixed-use project on mostly undeveloped land in Carmel’s Old Meridian District.
More

New owner IU set to unveil plans for shuttered Wishard Hospital campus

January 4, 2014
Scott Olson
The university wants to expand its health services program by using some existing Wishard space and tearing down other buildings and replacing them with modern facilities,
More

Century-old Mass Ave landmark changes hands

December 31, 2013
Scott Olson
The Marott Center was built in 1906 as one of the first multi-level department stores in Indiana and is listed on the National Register of Historic Places.
More

Whole Foods-anchored project causes stir in Broad Ripple

December 28, 2013
Scott Olson
A local developer’s plan to build a $25 million mixed-use project in Broad Ripple anchored by a Whole Foods grocery met fierce resistance from neighborhood residents opposed to its size.
More

Panel's use of TIF funds spurs new flap in Carmel

December 28, 2013
Andrea Muirragui Davis
The cash-strapped Carmel Redevelopment Commission is revising its 2014 budget to account for the loss of a six-figure income stream critics say it was not entitled to use in the first place.
More

Apartment craze shows no signs of slowing

December 28, 2013
Scott Olson
Apartment developers continued their blitz on the downtown market with several projects under construction or in the planning stages.
More

Other 2013 news of note: From Pacers to panhandling

December 28, 2013
 IBJ Staff
A look at some of the runner-up top Indianapolis business stories from 2013.
More
Page  << 1 2 3 4 5 6 7 8 9 10 >> pager
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Kent's done a good job of putting together some good guests, intelligence and irreverence without the inane chatter of the other two shows. JMV is unlistenable, mostly because he doesn't do his homework and depends on non-sports stuff to keep HIM interested. Query and Shultz is a bit better, but lack of prep in their show certainly is evident. Sterling obviously workes harder than the other shows. We shall see if there is any way for a third signal with very little successful recent history to make it. I always say you have to give a show two years to grow into what it will become...

  2. Lafayette Square, Washington Square should be turned into office parks with office buildings, conversion, no access to the public at all. They should not be shopping malls and should be under tight security and used for professional offices instead of havens for crime. Their only useage is to do this or tear them down and replace them with high rise office parks with secured parking lots so that the crime in the areas is not allowed in. These are prime properties, but must be reused for other uses, professional office conversions with no loitering and no shopping makes sense, otherwise they have become hangouts long ago for gangs, groups of people who have no intent of spending money, and are only there for trouble and possibly crime, shoplifting, etc. I worked summers at SuperX Drugs in Lafayette Square in the 1970s and even then the shrinkage from shoplifting was 10-15 percent. No sense having shopping malls in these areas, they earn no revenue, attract crime, and are a blight on the city. All malls that are not of use should be repurposed or torn down by the city, condemned. One possibility would be to repourpose them as inside college campuses or as community centers, but then again, if the community is high crime, why bother.

  3. Straight No Chaser

  4. Seems the biggest use of TIF is for pet projects that improve Quality Of Life, allegedly, but they ignore other QOL issues that are of a more important and urgent nature. Keep it transparent and try not to get in ready, fire, Aim! mode. You do realize that business the Mayor said might be interested is probably going to want TIF too?

  5. Gary, I'm in complete agreement. The private entity should be required to pay IPL, and, if City parking meters are involved, the parking meter company. I was just pointing out how the poorly-structured parking meter deal affected the car share deal.

ADVERTISEMENT