Development/Redevelopment

Neighbors oppose gas station at 16th and CentralRestricted Content

December 3, 2011
Francesca Jarosz
Residents of an area near the intersection of Central Avenue and 16th Street are sparring with owners of a site on its northwest corner who want to build a gas station there. The neighbors had other hopes for the spot, as part of their plans for a pedestrian-friendly 16th Street corridor.
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Ripken eyes Indy for major youth baseball complex

November 23, 2011
Anthony Schoettle
Officials for Ripken Baseball Inc., which operates two of the country's top youth baseball facilities, are considering Indianapolis as a location for a major complex that could cost up to $20 million to build and draw thousands of players and spectators each year.
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Mass Ave deal's brokerage fee raising eyebrowsRestricted Content

November 19, 2011
Cory Schouten
A real estate brokerage picked by the city to spearhead redevelopment of a prime Mass Ave parcel occupied by the Indianapolis Fire Department stands to collect a million-dollar-plus payday if it closes the deal.
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Civic leaders urge Ballard to tackle woes facing urban coreRestricted Content

November 12, 2011
Francesca Jarosz
Community leaders are coalescing around a three-prong strategy to attract residents and capital to neighborhoods from just outside downtown to the borders of Interstate 465. It’s not yet clear whether all the initiatives will have the full support of Indianapolis Mayor Greg Ballard.
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Obscure not-for-profit covering shortfalls in CarmelRestricted Content

November 12, 2011
Kathleen McLaughlin
The Carmel City Center Community Development Corp. has emerged as a key player in the city’s burgeoning downtown. The not-for-profit 4CDC last month gave the performing arts center $1 million to cover its operating expenses, and it’s expected to provide another $4.5 million through June 30.
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Broad Ripple buildings slated for office conversion

November 8, 2011
Tom Harton
Kyle Robinson and Drew Loftus are in the process of buying and rezoning a trio of vacant, connected buildings at 6334 Westfield Blvd., where the Monon Trail crosses the canal.
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Buyers edging back into Indianapolis commercial real estateRestricted Content

November 5, 2011
Cory Schouten
Most buyers are bottom-fishers, investors looking for better returns or companies wanting their own building.
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Bush Stadium gets last hurrahRestricted Content

October 29, 2011
 IBJ Staff
City leaders and economic development officials planned to pay tribute Oct. 28 to Bush Stadium’s historical significance before work begins to convert the venue into loft apartments.
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Developer plans $54 million in new apartment projects

October 28, 2011
Cory Schouten
A local developer plans to invest more than $54 million to build apartment communities adjacent to the Rivers Edge shopping center in Indianapolis and Metropolis in Plainfield.
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Indianapolis neighborhood striving for LEED statusRestricted Content

October 22, 2011
Scott Olson
Designation to east-side project would go beyond building certification.
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Carmel mayor's next goal: Build posh, $32M hotelRestricted Content

October 22, 2011
Cory Schouten
The principal developer of Carmel's City Center, Pedcor Cos., is working with city officials on plans for a four-star boutique hotel that likely would cost at least $32 million to build and may require an additional city subsidy.
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City taking redevelopment bids for key Mass Ave properties

October 18, 2011
Scott Olson
The city-owned properties targeted for redevelopment are at 555 N. New Jersey St., the site of Indianapolis Fire Department administrative offices and Station No. 7, and at 501 N. New Jersey St., the location of Firefighters Credit Union.
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Lawrence Township school district buildings in play

October 11, 2011
Tom Harton
The district is beginning an evaluation that could result in three buildings being sold and part of another being renovated for private-sector tenants.
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Housing will be initial focus of redevelopment at Winona site

October 10, 2011
Scott Olson
The city, along with the nearby Children's Museum of Indianapolis, is spearheading redevelopment of the abandoned property where demolition began Monday. Bids to build mixed-income housing will be sought in the coming months.
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Apartments, retail planned for Virginia Ave. corridorRestricted Content

October 8, 2011
Cory Schouten
Call it Extreme Makeover: Holy Rosary. Just about every building and corner along a four-block stretch of Virginia Avenue in this historic neighborhood southeast of downtown is under construction or will be soon.
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Developer proposes $22M project for Keystone Towers site

October 6, 2011
Scott Olson
The Whitsett Group LLC's plans call for a $22 million project that would include nearly 140 apartments and a retail component on the property where Keystone Towers stood. The company submitted the lone bid to the city to redevelop the site.
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Commission approves demolition for Indy East Motel

October 6, 2011
Francesca Jarosz
The Indianapolis Historic Preservation Commission unanimously approved the demolition of the former motel at 5585 E. Washington St.—with a few conditions. Developers plan an $8.7 million project for the site.
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Parking already at a premium at Rivers Edge shopping centerRestricted Content

October 1, 2011
Cory Schouten
The 617 parking spaces at the newly renovated Rivers Edge shopping center meet the minimum commercial-zoning allotment—but just barely.
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Page Development CFO files for personal bankruptcy

September 30, 2011
J.K. Wall
Paul M. Pittman, one of four principals in a troubled Indianapolis-based condo developer, filed personal bankruptcy this week.
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Indiana Soccer Association moving to Westfield

September 29, 2011
Scott Olson
The Indianapolis-based soccer association's decision to move to Westfield's Grand Park Sports Campus follows a similar announcement earlier this year by the Lids Indiana Bulls, a youth baseball organization.
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Investor Buffett gets behind east-side revitalization project

September 28, 2011
Scott Olson
Warren Buffett joined other investors and Indianapolis community leaders Wednesday morning for a ribbon-cutting ceremony at the $27 million East Village at Avondale apartment project.
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Developer zeroes in on troubled Irvington site

September 27, 2011
Tom Harton
A developer that wants to replace a vacant Irvington motel with an $8.7 million apartment building could get permission as early as next week to clear the site for redevelopment.
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Lafayette Square coalition names executive directorRestricted Content

September 24, 2011
 IBJ Staff
Mary Chalmers, a neighborhood liaison for the city, will leave that post to lead the effort to improve the area near 38th Street and Lafayette Road.
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Big ambitions for small planning firm

September 24, 2011
Andrew Smith
Eden Collaborative, the three-man company Adam Thies founded in 2004, is working to revitalize St. Clair Place on Indianapolis’ east side, among other projects.
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Big projects sought for chemical depot site

September 21, 2011
Associated Press
The group overseeing redevelopment of a former Army chemical weapons depot in western Indiana is targeting major projects for the 11-square-mile property.
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