Cleveland-based Forest City Enterprises Inc., developer of the 76-story New York by Gehry in New York City, is teaming with Keystone Group in its bid to redevelop a prime piece of downtown real estate where Market Square Arena once stood.
When will Indiana become known as a state that welcomes all regardless of sexual orientation?
Two Johnson County communities are determined to capture—and control—the next wave of suburban growth.
City officials began interviewing candidates this week to redevelop a downtown parking lot where Market Square Arena once stood. The city last month received bids from six teams, the names of which have been provided by officials.
A local developer plans to tear down part of the Indianapolis Star’s downtown headquarters while saving most of the building in a redevelopment that calls for 350 apartments—more units than the massive CityWay.
The renewed interest in the site, where previous attempts at redevelopment in 2004 and 2007 failed, comes after Indianapolis Mayor Greg Ballard called for new proposals during his State of the City speech in March.
City officials will have at least four proposals to consider for redevelopment of a downtown parking lot where Market Square Arena once stood. Bids are due to the city by April 22.
Carmel is finally ready to redevelop the former Party Time Rental site on Range Line Road, a property in which the city has invested $4 million.
The $30 million redevelopment of the former Bank One Operations Center at 451 E. Market St. now has a name: Artistry.
Mayor Greg Ballard charged forward on government-supported downtown development efforts after successfully shepherding an expansion of a TIF district over Democratic opposition.
Construction began or was to begin soon on dozens of projects with thousands of units, most quite upscale and aimed at one of two growing segments of the population who increasingly see no stigma in renting: aging boomers and young families.
City-County Council Vice President Brian Mahern emerged as the chief foe of Indianapolis Mayor Greg Ballard’s redevelopment agenda.
It seems as if all of Fishers is under construction—and not just the perpetual improvements to Interstate 69. Developers have lined up a multitude of deals adding residential and commercial space, projects that are coinciding with the town’s recent voter-approved transition to a city.
Some large projects are in the works for Massachusetts and Indiana avenues. These projects are important. They can reconnect the fabric of downtown neighborhoods and commercial areas while adding economic and cultural vitality.
Insight Development has begun building an $11.5 million, 61-unit apartment project at Massachusetts Avenue and East and North streets. But the fate of the second phase is up in the air because its financing had been tied to a project Insight and Flaherty & Collins Properties had hoped to develop across Mass Ave at the site of the Indianapolis Fire Department headquarters.
Fishers officials are finalizing a deal with a local developer for a mixed-use project that would launch a long-awaited transformation of the town’s suburban core.
City officials have picked the apartment specialist J.C. Hart Co., retail developer Paul Kite Co. and architecture firm Schmidt Associates to redevelop a prime Mass Ave parcel currently occupied by the Indianapolis Fire Department.
Indianapolis-area apartment occupancy and rent rates should continue to grow in 2013, albeit at a slower pace, as developers finish more units and the single-family market picks up steam, the locally based apartment brokerage Tikijian Associates predicts in a new report.
The local developer has agreed to purchase the former Mitchell & Scott industrial complex in the 600 block of College Avenue and is in the process of pulling together a plan for the site.
Indianapolis city-county councilors hope expanding the downtown TIF district will mean more jobs for their constituents. Developers, city contractors and other firms benefiting from the expanded economic-development zone must try to ensure that 40 percent of their work force comes from within the expanded TIF area.
