The property tax abatement would save Alidade Capital about $505,174 in taxes over a five-year period, and maybe more depending on the type of tenant it lands.
The Indianapolis-based developer plans to break ground later this year on the building—its first at the 93-acre site that on the east side Ambrose has branded Indianapolis Central Logistics Park.
An effort by the Children’s Museum of Indianapolis’ to overturn the city’s designation of the Drake apartment building as a historic property has been transferred to federal court—even as the organization continues working with city officials on a plan to salvage the building.
Senate Bill 392, authored by Republican Sen. Mike Young of Indianapolis, would give each township in Marion County—except for Center Township—its own board of zoning appeals. Speedway, Lawrence, Beech Grove and Southport would also have zoning boards.
Jeff Meyer is turning the former Boys & Girls Club at 1700 Conner St. into his company’s headquarters. And he plans to keep things rolling by opening another eight to 10 stores by the end of 2023.
Thousands of acres of farmland are being developed or eyed for massive solar farms that would install hundreds of thousands of solar panels as far as the eye can see. And not everyone is pleased.
Memory Ventures, a local media digitization company, is taking over the redevelopment of a former Marsh Supermarket in Fishers. The site previously slated for partial demolition will now be turned into the growing company’s new headquarters.
The building, which formerly served as the post exchange for soldiers stationed at Fort Benjamin Harrison, was offered for sale by the Fort Harrison Reuse Authority this week. Also this week: Tru by Hilton, Culver’s and more.
SoChatti is adding the storefront to its production, research and warehouse facility in the Circle City Industrial Complex on the city’s near east side. Also this week: J’s Lobster & Fish Market, The Spice Box.
Elanco Animal Health Inc.’s announcement Friday that it will move its headquarters to Indianapolis came as a surprise to many business leaders in Greenfield. While disappointed, they say they are hopeful the move won’t be a significant blow to the city’s economy.
The total doesn’t include the value of the land the state will give to Elanco Animal Health for the project. Even so, the combined city and state package is possibly the largest amount of tax breaks ever considered for an economic development deal in Indiana.
The Gold Building’s exterior overhaul is expected to completely replace the iconic gold panels with “crystal gray” panels from the third floor through the 20th.
A City-County Council committee on Monday advanced a proposed tax abatement for a pharmaceutical company that plans to spend $72 million to build a new facility near the Indianapolis International Airport.
The company does not plan to add any jobs as it expands operations southwest of downtown, but it will retain 374 employees who earn an average hourly wage of $33.92.
Carmel-based SEP and Indianapolis-based developer Pure Development Inc. are partnering to build the 70,200-square-foot facility in Westfield by the end of next year.
