Development/Redevelopment

Buckingham Cos. nabs downtown Zionsville site

October 12, 2013
Andrea Muirragui Davis
The prolific developer behind Indianapolis’ $155 million CityWay project is working on a plan to transform a key parcel in the heart of downtown Zionsville.
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Chicago firm building spec warehouse in Plainfield

October 10, 2013
HSA Commercial Inc. plans to break ground later this month on the 220,000-square-foot building in the Gateway Business Park near Columbia Road and Ronald Reagan Parkway.
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Developer readies second Virginia Avenue residential project

October 8, 2013
Scott Olson
Deylen Realty's latest development along bustling Virginia Avenue calls for 68 apartments and 9,900 square feet of retail space between the existing Mozzo apartments and Villagio condos.
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State opens downtown parking lots to development

October 4, 2013
Kathleen McLaughlin
Proposals due Nov. 15 could cover one or all of three state-owned parking facilities, which contain 6,096 spaces and generate more than $1 million a year from special events.
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Former City Hall could reopen for planning work

October 3, 2013
Kathleen McLaughlin
The city's development director hopes to launch a countywide planning effort, and he wants it to take place on the first floor of the vacant, century-old building at 202 N. Alabama St.
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Wheeler Mission lands $1M grant to help with expansion

October 3, 2013
 IBJ Staff
Wheeler Mission Ministries Inc. said Wednesday that it has received a donation from the Nina Mason Pulliam Charitable Trust that will allow it to start construction on a new facility next to its shelter at 520 E. Market St. in downtown Indianapolis.
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Real estate developer, philanthropist Glick dies at 92

October 2, 2013
 IBJ Staff
Eugene Biccard Glick built a fortune as a residential real estate developer before becoming better known as one the city’s most generous philanthropists. The Indianapolis native and World War II veteran died Wednesday.
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City delays decision on Broad Ripple project

October 2, 2013
 IBJ Staff
Due to absences on the Indianapolis Metropolitan Development Commission, attorneys for both sides of the issue on Wednesday agreed to continue the controversial rezoning request to the group's Oct. 16 meeting.
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Councilor takes aim at Browning's Broad Ripple apartment project

October 1, 2013
Kathleen McLaughlin
At-large City-County Council member Zach Adamson says that even if the apartments-and-grocery project gets an OK from city development officials on Wednesday, he might force an additional hearing.
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Woodfield office buildings attracting strong interest

October 1, 2013
Scott Olson
The two Class A office buildings totaling 348,000 square feet are close to being sold after falling into foreclosure during the implosion of defunct local developer Premier Properties USA Inc.
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Cummins keeping HQ in Columbus, but considering Indy project

September 26, 2013
Associated Press
Cummins spokesman Jon Mills said the company wants to consolidate its two offices in downtown Indianapolis where about 100 employees work in areas such as communications, information technology and investor relations.
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Company gains more support for Indiana power plant

September 25, 2013
Associated Press
Several officials of a central Indiana town where a $500 million power plant has been proposed say they were impressed with another of the company's plants during a trip to Texas.
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Canterbury to change name, close for 9-month renovation

September 24, 2013
Mason King
The historic downtown hotel's new owner says the $9.5 million revamp and affiliation with an international brand are needed to compete with new high-end hotels in the Indy area.
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Skywalk adds architectural element to senior-housing project

September 24, 2013
Scott Olson
Two four-story structures, at the southwest and northwest corners of 30th and Clifton streets, will be built as part of a $10.7 million project that will include 57 units linked by an elevated walkway.
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City eyes Cummins as anchor for key downtown site

September 21, 2013
Scott Olson
City officials are quietly trying to orchestrate what would be a major coup: Landing Cummins as an office anchor for a second phase of redevelopment on the former home of Market Square Arena.
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Former Thomson site may finally be ripe for redevelopment

September 17, 2013
Scott Olson
The vacant Sherman Park business complex on the east side has been taken from a private developer in a bankruptcy reorganization, and several parcels of the 49-acre property are listed in the county's annual tax sale.
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Drugstore slated for redeveloped Star property

September 9, 2013
Scott Olson
A drugstore, likely a CVS or Walgreens, is expected to anchor the ground-level retail space that will be part of the planned mixed-use redevelopment of the downtown Indianapolis Star headquarters property.
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New school to anchor Central State projectRestricted Content

September 7, 2013
Kathleen McLaughlin
The first new non-residential building at the former Central State Hospital campus, at the corner of West Washington Street and Tibbs Avenue, will be a charter school. Christel House Academy West broke ground last month on about nine acres donated by the city.
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Pan Am Plaza hotel may sweeten bowl bid

September 7, 2013
Anthony Schoettle
Indianapolis officials hope to include plans for a new downtown luxury hotel in their bid for the 2018 Super Bowl, but they’re not sure all the pieces for a deal—potentially on Pan Am Plaza—can be put together before a bid presentation for 32 NFL owners in May.
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City targets east-side parcel for housing development

September 3, 2013
Scott Olson
The city hopes to seek bids to redevelop land along East Washington Street that is part of the four-acre P.R. Mallory industrial complex. Real estate experts say an affordable housing project might make the most sense.
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Butler’s $4M parking project coming to close

August 27, 2013
Scott Olson
The private university is slated to finish improvements soon to 90 acres of land it owns west of the Central Canal that should help alleviate parking problems and give the public better access to the waterway.
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Developers roll out pair of homeless-housing projectsRestricted Content

August 24, 2013
Scott Olson
Two proposals to add much-needed downtown housing for the homeless have the support of city officials, but one of the projects is drawing stiff resistance from neighbors concerned that it will create a host of safety issues.
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Noblesville planning riverfront park with amphitheater

August 19, 2013
Andrea Muirragui Davis
City leaders are working to acquire 6.4 acres of property along the White River for a park—complete with an open-air amphitheater—that would extend the city’s downtown area to the west.
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Pittman family finally moving forward on mixed-use Zionsville projectRestricted Content

August 17, 2013
Andrea Muirragui Davis
After decades of choosing to wait, a Zionsville family is moving forward with a $90 million mixed-use project on the high-profile corner of Michigan Road and Sycamore Street.
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Chemical cleanup planned at old factory site

August 16, 2013
Associated Press
The trust created to revitalize and market former General Motors properties has set aside about $7 million to clean up a contaminated site in Kokomo where a factory stood from 1915 to 1993.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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