In addition to a shoe store, steakhouse, med spa and brewery taproom, The Signature will have eight owner-occupied condominiums, 295 luxury apartments and a 374-space public parking garage.
In addition to second-tier sports leagues, concerts and community events such as graduation ceremonies will help Fishers Event Center toward its goal of hosting more than 100 events during its first year.
Under the new law, owners of apartments and single-family homes are exempted from the tax unless they decide to opt in to paying the tax, leaving potential for a large decrease in available funds.
Although the possibility of a Major League Soccer stadium in Indianapolis is still up in the air, city officials are considering design possibilities for their preferred site, on the east side of downtown.
Eric Holcomb told IBJ while he is hopeful Indianapolis will secure a Major League Soccer club—an effort Joe Hogsett announced during a public address on April 25—it will have to do so without having him play facilitator.
DTM Real Estate is seeking low-income housing tax credits for its planned project at the northwest corner of 34th and Illinois streets, which it intends to call The Ritz on Illinois as an homage to the 1920s movie house.
Rena Allen, a corporate compliance analyst at Eskenazi Health, last month was selected by a Democratic caucus to fill a vacancy on the City-County Council in District 15 on the far-east side of Indianapolis.
With funding plans for a proposed soccer stadium clearing another hurdle this week, Indianapolis leaders, developers and brokers are beginning to evaluate the impact such a project could have on the near-east side of downtown.
Since it was completed in 2018 at a cost of $120 million, the tower has become one of the city’s priciest residential properties, with an average rent of $2,365 per month, or $2.58 per square foot.
Funds raised from the downtown economic enhancement district would pay for cleaning and beautification efforts, public safety initiatives, homeless outreach and costs associated with a planned low-barrier shelter.
Indianapolis-based TWG Development LLC now says it will cost as much as $264 million to overhaul the historic building and build a 32-story apartment and hotel tower on a lot directly to its north—an increase of nearly 90% from the original budget.
The town of Sheridan and Adams Township are looking to merge—a move that would give Sheridan planning and zoning control over an area that is currently unincorporated and is the jurisdiction of county planners.
As part of the request, TWG is pledging to make 41 of the 270 units available to individuals and families making up to 70% of the area’s median income.
Mirtha Development LLC, and Carmel-based Old Town Cos. plan to build 10 single-family houses and 56 three-story town houses at East 116th Street and Maple Drive.
Town leaders spent nearly 15 years planning McCord Square, which they envision as a town center for a community that needs a place to gather. Residents are beginning to move into two 111,000-square-foot, four-story apartment buildings called The Jackson and The Lucas.
The plan is likely to prove controversial among economists, including many Democrats. Experts on both sides of the aisle tend to argue that government limits on rent discourage new development by making it less lucrative.
