Articles

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ROSS: A tax credit that works for Indiana

Compared with new construction, rehabilitation projects spend a larger percentage of costs on skilled labor, tend to keep wages and materials dollars within the community, and result in renovated buildings that tend to last longer and retain value longer than comparable new construction.

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Mass Ave project surrounding Barton Tower gets state OK

A 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.

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Indianapolis-area mergers and acquisitions in 2011

A number of acquisitions last year disclosed no sale price. In the Indianapolis area, those deals ranged from MacAllister Machinery’s purchase of a Caterpillar dealership in Michigan to Herff Jones’ acquisition of a Memphis, Tenn.-headquartered maker of cheerleading uniforms.

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Ratio finishing City Market design work

The architectural firm is set to be awarded a $120,000 contract to complete the work after the original designer of the renovations, Woollen Molzen and Partners Inc., disbanded last month.

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DePauw, Ball State, Purdue buildings among top AIA design winners

Three university projects, two of which contain green-building elements, dominated the most recent design awards presented
by the American Institute of Architects Indiana chapter. Of the four award winners, three involved college buildings: the
Janet Prindle Institute for Ethics at DePauw University, the Neil Armstrong Hall of Engineering at Purdue University, and
the Straw Bale Eco Center at Ball State University.

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Ralston Square project would honor city’s first planner

A local development team is working on a 10-story, mixed-use tribute to a man who helped design the original plan for Indianapolis,
Alexander Ralston. The $60 million project, dubbed Ralston Square, would feature a 150-room hotel, 55 condos, a 617-space
parking garage and 41,000 square feet of retail space.

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