Proscenium III would feature 151 apartments, a 125-room boutique hotel, 63,000 square feet of office space, 15,000 square feet of retail space, 508 parking spaces and a public plaza
Known as Winterton, the project would consist of 574 apartments across two buildings, along with more than 14,000 square feet of retail space and a 756-space interior parking structure.
An investment group led by Indiana Pacers owner Herb Simon and his family said Thursday it plans to spend at least $300 million to construct a 13-story luxury hotel and connected 4,000-seat theater on the property after demolition of the existing century-old building.
Old Meridian Apartments, a $60 million proposed project by Cross Development LLC, was called off because the city’s incentive for the project was not enough to make it feasible for the developer.
For years, transforming Westfield’s downtown into a vibrant, happening place has been a much-discussed but never-realized goal. Now, the first-term mayor is pushing to make the redevelopment of downtown more than just a talking point.
In the past two years, more than 30 lawsuits have been filed in federal and state courts alleging that companies such as RealPage and Yardi are equipping corporate landlords with software algorithms that allow competitors to collude on rental housing prices.
After years of neighborhood strife, the administration of Mayor Joe Hogsett last year began demolishing portions of the cluster of 258 housing units and is in the process of relocating other Towne & Terrace residents.
For decades, Herb Simon’s downtown investment focused on owning Pacers Sports & Entertainment and managing Gainbridge Fieldhouse. But in recent years, Simon and his family have expanded their investments and holdings in downtown’s Warehouse District.
Construction is set to begin this summer on a 260-acre development in Zionsville that will bring nearly 700 new homes to a once-rural area of the Boone County town.
Last week, Mayor John Stehr said he wanted to withdraw the South Village PUD ordinance from consideration because he did not believe there was enough consensus about the plan among council members.
Members of the Indianapolis Historic Preservation Commission on Wednesday mostly praised plans to redevelop the site of a century-old railroad servicing building across the street from downtown’s Gainbridge Fieldhouse.
My Garfield Park neighborhood is growing and changing, thanks in part to entrepreneurs including Josh Haines and Phil Kirk who are taking a chance on bringing retail and restaurants to the area’s commercial strip.
The taxing district is expected to generate about $4.65 million a year for downtown-focused efforts in Indianapolis, along with funding the operating costs of the low-barrier homeless shelter planned on the southeast side of downtown.
Plans for The Granary call for a four-story building and parking garage with 225 luxury apartments, 5,000 square feet of retail space and about 300 parking spaces for residents and the public.
More than half of the expected developments within the district the city has designated as a professional sports development area, or PSDA, have yet to break ground.
Initial plans for the project include 151 apartments, a 125-room hotel, 63,000 square feet of office space, 15,000 square feet of retail space, 508 parking spaces and a public plaza.
Indianapolis-based TWG Development has overhauled its design for the skyscraping tower planned at 222 N. Alabama St., immediately north of Old City Hall and considered the bulk of the $264 million redevelopment project for the west side of that block.
