Hendricks Commercial Properties wants to build an upscale hotel where Harry & Izzy’s now operates as part of the planned $600 million redevelopment of Circle Centre over the next decade.
A city commission is backing the Hogsett administration’s effort to salvage the long-planned redevelopment of the Gold Building downtown, which for months has been hampered by financial challenges that nearly derailed it.
Arrow McLaren expects to make a total investment of $30 million in its new home at 7615 Zionsville Road and is seeking city and state incentives to help reduce the cost of the project.
IBJ reported earlier this week that the developers faced foreclosure on the Gold Building and its two adjacent properties without the loan.
The project would fill out the rest of the available land in Thunderbird Commerce Park, which is situated on the former site of the Ford Visteon Plant.
The Gold Building conversion at 151 N. Delaware St. is expected to replace 400,000 square feet of office space with more than 350 apartments and nearly 8,000 square feet of ground-floor retail.
While rugby faces an uphill climb for relevancy within America’s cultural zeitgeist, some Indianapolis leaders are optimistic the city could become a hub for the sport by the time the U.S. hosts the men’s World Cup in 2031.
With the City-County Council approaching a Sept. 22 public hearing over the 467-acre project, IBJ looked into many of the questions being asked about the controversial development.
The event’s final day featured participation from a roster of local sports figures, including former Fever star Tamika Catchings and Colts owner Kalen Jackson.
Among the options on the table are renovating the 30-year-old elevated event venue, rebuilding it or even relocating it to another intersection downtown.
The three-day conference that starts Tuesday evening will feature more than two dozen presentations, panels and breakout sessions, with executives from World Wrestling Entertainment Inc., Google, the NFL, the Indianapolis Colts and video game company Riot Games among those scheduled to speak.
Retention of the crane bay structure had long been considered an integral part of the stamping plant redevelopment by neighbors and city leaders.
“The governor has been very clear: We’re just not in the land development business, and it’s not a core competency,” Commerce Secretary David Adams told IBJ.
Indiana Fever and city officials took part in a formal groundbreaking ceremony for the 108,000-square-foot downtown development Thursday morning.
Citing concerns about traffic flow and visibility of a parking garage, the Indianapolis Historic Preservation Commission tabled its decision on the building’s designs until at least October.
The proposed nine-story building just north of the Bottleworks Hotel in the Bottleworks District is expected to include about 86,000 square feet of office space and a 300-space parking garage.
The proposal calls for demolition of the 21 Virginia Ave. building—formerly home to the 500 Festival organization—and replacing it with a nine-story building.
The new housing will largely serve individuals and couples ages 75 to 85, while new amenities like a clubhouse, indoor pool, wellness and fitness center, restaurant salon and spa will be available for all residents.
Angi Inc.—which once owned more than two dozen buildings on nearly 18 acres on the near-east side of Indianapolis—has moved into a new office space on city’s north side.
The plan, being developed through a partnership between the city and a to-be-identified urban planner, is expected to be made public in the coming weeks, Mayor Scott Willis said Wednesday during an IBJ real estate event.
