2024 Forty Under 40: Brian R. Prince II
Brian Prince started his own real estate development firm early this year after a successful tenure at Flaherty & Collins Properties.
Brian Prince started his own real estate development firm early this year after a successful tenure at Flaherty & Collins Properties.
360 Market Square is among downtown’s most expensive apartment properties, with an average rent of $2,365 per month.
The Farmers Bank Fieldhouse opened Feb. 9 and features eight basketball courts, 12 pickleball courts, one turf field and pitching and hitting tunnels.
An Indiana Senate committee on Tuesday adopted an amendment to a bill originally aimed at disbanding the recently-created Mile Square economic enhancement district, essentially keeping the designation in place, but with several changes.
In addition to its foreclosure demand, Wilmington Trust has requested the appointment of a new receiver for the 685,000-square-foot, 36-story property.
Construction on the multi-use trail began this week and is expected to be completed by the end of the year.
The majority of people who testified about the bill were against it, arguing that it would undo the work of corporate and civic leaders to boost perceptions of downtown in the aftermath of the pandemic and the 2020 protests for racial justice.
The Department of Metropolitan Development in August issued a request for proposals for updating the long-vacant, city-owned building at 3600 N. Meridian St.
Early plans for the $150 million project, known for now as the “Alabama Redevelopment,” call for a 387-foot glass tower containing 190 apartments, 24 condominiums, 150 hotel rooms and 8,000 square feet of retail and hospitality space.
The move is good for the businesses—including the City Market, which will be undergoing its own transformation—around the City-County Building, and it’s also good for Indianapolis residents, who shouldn’t have to visit multiple locations to complete city business.
The city will work through 2024 to consolidate into its most prominent piece of real estate offices that are now scattered around downtown, including those of the Department of Public Works and the Department of Business and Neighborhood Services.
A few of other bids were similar to the selected proposal put forth by TWG Development, while others went in a distinctly different direction. Here’s a look at those proposals.
The city’s Department of Metropolitan Development is asking developers to pay at least $2.34 million for the 113-year-old building at 202 N. Alabama St., which was the seat of city government until the City-County Building was completed in 1962.
Indianapolis officials want fewer parking lots downtown, reflecting part of a national movement that envisions less reliance on cars, more use of mass transit and a reduction in carbon emissions.
Many parts of downtown are thriving—particularly neighborhoods, where rents are rising, people have to stand in line for a lunch table, and investments are flowing. Other parts—especially downtown’s central core, where many workers might come to the office only once or twice a week—are limping along, pockmarked by vacant storefronts, panhandlers and crumbling sidewalks.
Nearly 29,000 residents now live downtown, up from about 15,000 in 2010. It’s a number that has been growing as developers continue to add apartment and condo units in the Mile Square and downtown neighborhoods.
The purchase comes just three years after the 151-unit complex on the Central Canal was sold for $40.7 million to Chicago-based Promus Holdings LLC.
The East 38th Street corridor is the city’s eighth Lift Indy neighborhood and will receive investments in affordable housing and homeownership, economic development, and food-access efforts.
City officials see the 0.65-acre parcel at 222 N. Alabama St. as a connector between the Mass Ave cultural district and the Market East area, potentially with a hotel or apartment project.
The proposed $175 million project that could add more than 400 apartments to the area surrounding the Indianapolis City Market was chosen over two other bids from local development firms—both of which differed greatly from the winning proposal.