Site for Indy Eleven’s proposed stadium praised by officials, real estate brokers
City tourism officials said the venue could be a boon for new sporting events—something team owner Ersal Ozdemir indicated he’s hopeful will the the case.
Mickey Shuey
Articles
Developer buys Diamond Chain site for Indy Eleven soccer stadium, mixed-use district
The redevelopment of what is now an 18-acre manufacturing site downtown is expected to include apartments, a hotel, an office building and retail space—in addition to a 20,000-seat stadium. Keystone Corp. CEO Ersal Ozdemir said the project’s cost will likely top $1 billion.
New not-for-profit lands $1.6M to support Indiana Avenue, Black communities
Urban Legacy Lands Initiative Inc. expects to create a preservation and stewardship framework to support the city’s Black communities, with a focus on equitable and inclusive neighborhood growth.
Boone County property owners asking Lebanon to annex hundreds of acres
The annexation requests come as the Indiana Economic Development Corp. pushes forward with its plans for the LEAP Lebanon Innovation and Research District.
State tourism agency plans to ask for huge funding boost
Tourism officials are introducing a campaign they hope will set the stage for a significant funding increase from the General Assembly next year.
Proposal picked for City Market area redevelopment bested two others
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.
Developer withdraws plans for controversial $61M Willows project
The team behind the proposed redevelopment of the Willows Event Center into apartments near Broad Ripple has withdrawn its proposal, just hours before it was set to be considered by a city commission.
City picks $175M project for block that includes City Market, Gold Building
Gershman and Citimark’s project includes a different look and a new use for the Gold Building and construction of an 11-story building to replace the east wing of the Indianapolis City Market.
Fitness chain opening gigantic gym in former Marsh supermarket
The Villages at Eagle Creek location was one of 18 stores closed by Marsh Supermarkets in mid-2017 as part of the company’s bankruptcy plan after the properties failed to sell at auction.
Blockbuster Duke sale to include 14.7M square feet in Indy area
Duke Realty Corp. has developed or co-developed major industrial buildings and complexes at the crossroads of America, which has become a significant national hub for warehousing, logistics and e-commerce operations.
Indy airport makes push for more non-stop flights
The Indianapolis Airport Authority has committed at least $5 million over the next two years to try to attract new domestic and international non-stop flights, with an emphasis on the latter.
Outgoing Indiana Sports Corp. leader Vaughn to join local tech firm
Vaughn will oversee day-to-day operations for the firm as well as handle contracts and legal matters.
IEDC, Indiana Sports Corp. launch sports tech business initiative
SportsTech HQ is an effort from state economic development and sports tourism officials to bring in venture startups focused on sports and further grow the state’s ecosystem of sports tech-focused firms.
Fishers firm gets OK to move ahead with long-stalled project in Lockerbie
Integra Builders has held the one-acre lot at the southwest corner of North Park Avenue and East North Street since January 2020, when previous owner Litz & Eaton Investments LLC sold the site as part of a messy split between the firm’s principals.
City-County Council votes to nearly triple members’ pay
The Indianapolis City-County Council will get a pay hike for the first time in more than two decades, after it voted Monday night along party lines to increase compensation starting in 2024.
Big deals provide economic momentum; state still must focus on workforce
Experts say Indiana can’t take its foot off the proverbial gas; state economic development leaders say they are moving in the right direction.
Developer wins MDC approval for $168M project near Fashion Mall
The Metropolitan Development Commission gave unanimous approval to The Alexander at the Crossing project despite heavy pushback from neighbors. The proposal will next be considered by the City-County Council for final approval.
Keystone seeking zoning OK for redesigned Alexander project across from Ironworks on 86th Street
Local developer Keystone Corp. has drafted new plans for its long-simmering Alexander at the Crossing mixed-use project that includes 275 apartment units, plus retail and office space and a hotel. Some nearby residents are opposed to the project for its size and density, as well as for further commercializing 86th Street.
2022 Innovation Issue: NFTs coming of age in sports and entertainment
Digital collectibles aren’t replacing trading cards or bobbleheads quite yet, but local sports franchises like IndyCar and the Indianapolis Colts are eyeing them as a marketing tool that could attract younger fans.
McLaren to spend $25M to build IndyCar facility in Whitestown
Company officials said the project will allow Arrow McLaren SP—its IndyCar operation—to run three full-time entries in the IndyCar series in 2023