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Development/Redevelopment
Board delays decision on Broad Ripple parking garage
April 10, 2012
J.K. WallAn attorney for Keystone Construction Corp. asked the five-member board to delay a hearing on the garage to allow the developer
to meet with officials from the City of Indianapolis’ Department of Public Works about construction of a levee system
along White River.
MoreSMC plans $19M Noblesville expansion, 163 jobs
April 10, 2012
IBJ StaffSMC Corp. of America plans to spend $19 million to expand its North American headquarters in Noblesville, making room for
an additional 163 employees by 2017, the company announced Tuesday.
MoreEffort to save Rivoli Theatre faces another delay
April 10, 2012
Tom HartonThe theater, at 3155 E. 10th St., has the potential to be a catalyst for further redevelopment of the corridor if the not-for-profit
that owns it can win complete control of the 1927 structure and stabilize it.
MorePlans for Broad Ripple parking garage hit snag
April 9, 2012
Scott OlsonCity officials are recommending that construction of the $15 million parking garage and retail project be denied because the
property sits 4 feet below a flood plain.
MoreDeveloper envisions $20M farming operation to replace plant
April 4, 2012
Cory SchoutenA local entrepreneur is laying the groundwork for a $20 million transformation of a soon-to-close automotive plant into a
sustainable farming operation that would raise fish and hydroponic vegetables.
MoreCook Group to restore southern Indiana movie theater
April 4, 2012
Associated PressBloomington-based medical device maker Cook Group announced Tuesday it would restore the 750-seat Tivoli Theatre in downtown
Spencer, which was built in 1928 and boarded up in 1999.
MoreBrainard seeks deal on maxed-out TIF
March 31, 2012
Kathleen McLaughlinCarmel Mayor Jim Brainard might relinquish his political trump card in an effort to refinance some of the $240 million in
debt that’s weighing on the city’s tax-increment finance districts.
MoreTax caps zap schools in Zionsville; Lebanon district awash in cash
March 31, 2012
J.K. WallChanges made five years ago in state property-tax laws have strangled the school district in wealthy Zionsville, while schools
in neighboring blue-collar Lebanon are in solid financial shape.
MoreCity narrows field of contenders vying to develop Mass Ave parcel
March 31, 2012
Cory SchoutenA midrise mix of apartments and first-floor retail is the most likely replacement for a 1.45-acre Mass Ave parcel occupied
by the Indianapolis Fire Department.
MorePenn Arts owner buys historic apartment building
March 31, 2012
The Piccadilly, at 16th and Pennsylvania streets, will undergo a historically sensitive renovation of its 58 units.
MoreIU breaks ground on $25M lab building at IUPUI
March 28, 2012
Scott OlsonThe facility at IUPUI will include nearly 34,000 square feet of research and classroom space and is the first phase of a planned
two-stage project to improve the university's research facilities.
MoreMass Ave project surrounding Barton Tower gets state OK
March 27, 2012
Tom HartonA partnership of Flaherty & Collins Properties and Insight Development Corp. was awarded rental housing tax credits by
the state that will be sold to finance construction of a 61-unit, $11.5 million apartment project at 555 Massachusetts Ave.
MoreMuch smaller project would fill former Venu site
March 24, 2012
Cory SchoutenA parcel of overgrown bank-owned property with a leaky roof at the southwest corner of East 86th Street and Keystone Avenue
may finally be poised for redevelopment: A Wisconsin firm has the 6.4 acres under contract and is putting together plans for
a retail strip, a couple of restaurants and possibly a hotel.
MoreDecision on canal residential project delayed again
March 22, 2012
Scott OlsonThe Metropolitan Development Commission moved a vote on the proposal to April 18 after expressing concern that it didn't have
enough time to review plans that reduce the project from 26 stories to 10. The developer criticized the delay.
MoreDeveloper scales back plans for tower along Central Canal
March 20, 2012
Scott OlsonThe firm behind a proposed downtown apartment tower designed for college students has slashed its height from 26 to 10 stories
to improve its chances of winning city approval.
MoreIrvington apartment, streetscape projects clear hurdles
March 20, 2012
Tom HartonTwo significant construction projects are closer to starting in Irvington, where the district’s East Washington Street
commercial corridor is bouncing back even as one of its key buildings faces demolition.
MorePopular barbershop gets makeover from community
March 18, 2012
Associated PressWhiteland residents have rallied around a beloved barber who has been cutting hair in the Johnson County community for more
than four decades by helping him remodel his shop.
MoreOzdemir emerges as powerhouse in Indianapolis real estate
March 17, 2012
Cory SchoutenKeystone Group, Turkish immigrant Ersal Ozdemir's 10-year-old development firm, is orchestrating some of central Indiana’s
most ambitious projects, including a $15M Broad Ripple parking garage and the $60M million mixed-use Sophia Square in Carmel.
MoreDeal rekindles $45M downtown project
March 17, 2012
Cory SchoutenFormer partners in Kosene & Kosene Development have settled a legal dispute that jeopardized redevelopment of the vacant
former Bank One Operations Center downtown. Milhaus Development has until May 1 to begin construction.
MoreIndianapolis bond bank chief Kintner is clutch hitter
March 10, 2012
Sam StallDeron Kintner has stepped up to fund a string of high-profile real estate projects at a time when private-sector financing
is scarce.
MoreMass Ave restaurant plans clear first hurdle
March 9, 2012
The city's Historic Preservation Commission has approved rezoning and variance requests for two buildings sought by the owners
of Broad Ripple's Brugge Brasserie just south of the intersection of Massachusetts and Park avenues.
MoreFixes to historic preservation tax credits may have to wait
March 6, 2012
Cory SchoutenFixes to the state's historic preservation tax credit program pushed by Indiana Landmarks may have to wait another year
after the Indiana Senate put the brakes on a bill that garnered unanimous support from the Indiana House.
MoreOhio River bridge plan calls for tolls on 3 spans
March 5, 2012
Associated PressThe governors of Indiana and Kentucky on Monday agreed to use tolls to pay for two new Ohio River bridges and a revamped Interstate
65 bridge over the river, all in the Louisville metropolitan area.
MoreWest-side apartment complex to house veterans
February 29, 2012
Lincoln Apartments is set to be built on the city's west side, near the Richard L. Roudebush VA Medical Center. The project
will be financed with $11 million in rental housing tax credits.
MoreSpeedway's plan for roundabout hits snag over billboard
February 27, 2012
Scott OlsonThe Speedway Redevelopment Commission is threatening eminent domain against Clear Channel Outdoor Inc. because the billboard
company won't relinquish its lease rights at a key intersection.
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these guys only skill was to steal from other's hard earned savings.
I voted for him last time and it WAS the LAST time. He needed to to quit running around the world on useless trips, and giving our $$ away to sports teams. I'll vote for anyone but Ballard next time. BTW...we gave $40M to the Pacers and cannot even watch the games on TV.
For the people concerned about traffic, you should know that mixed-use projects (like the one being proposed), actually allows for and encourages more people to walk and bike, thereby mitigating additional automobile traffic. If we continue to design and build suburban-type projects in the City (i.e. automobile-oriented projects), we are not offering anything different from what the suburbs offer, which means we will continue to lose jobs/people to the suburbs. The reason Broad Ripple is somewhat successful today is that people want to live in a place that offers the convenience of being able to walk/bike to restaurants, retail, nightlife, the Monon, etc. Why would you not want to support a project that is complimentary to what already makes the area desirable? The real argument with this project should be its lack-luster design and layout, not the density.
It is unfortunate that there is a perception that celebrities validate an event. The Indy 500 stands on its own, especially for those coming in from out of town. It was always so disturbing to read the gushing descriptions of Ashley Judd threaded throughout the local coverage. Very happy that era is at an end.
Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.