A local developer plans to spend more than $12 million to build a trio of walk-up style apartment buildings along Delaware Street, just south of Fall Creek.
Councilors plan to take a closer look at a proposal after criticism was made against the developer. The Indianapolis-based company has been accused of mismanaging three west-side apartment properties—allegations that it denies.
Hendricks Commercial Properties has spent more than $550 million to acquire and redevelop properties across Indianapolis and Carmel since 2013. But the Wisconsin-based firm says it’s just getting started with work it hopes to do here.
Carmel’s housing options mostly fit into two opposite categories: single-family detached houses in subdivisions and multifamily apartment buildings in the downtown core. City officials want to explore a third category: the “missing middle.”
The 1.46-acre project is expected to consist of 262 apartments, a four-story interior parking garage with 323 spaces and nearly 35,500 square feet of retail, office and amenity space.
The Indianapolis Historic Preservation Commission voted unanimously Wednesday at an emergency meeting to designate the Church of the Holy Cross as a historic landmark.
Initial plans for the South Village include about 250 residential units; 500,000 square feet of office space, retail, dining and public plazas; and parks and nature trails.
Paul Arechiga is CEO of Fishers-based Arechiga Restaurant Group. The company has nine Mexican restaurants in the Indianapolis area and five more in suburban Chicago.
A Buckingham Properties official told members of the Carmel City Council on Monday that the new plan would feature nearly 1,000 new residential units, 587 parking spaces, 28,000 square feet of retail and two public plazas.
The campaign was announced during the unveiling ceremony for St. George Apartments, a 53-unit supportive housing complex on the near-north side of Indianapolis.
Bangkok Restaurant & Bar, which regularly featured live musicians, opened in late 2013, filling space previously occupied by former restaurant chain Charlie & Barney’s.
The Original Farmers’ Market, typically held outside of the City Market on East Market Street, will take place on the southwest quadrant of Monument Circle this year due to the closure of the City Market for a redevelopment project.
Indianapolis’ planned Mile Square economic enhancement district will likely operate from a smaller tax pool and with a majority state-appointed board under state legislation.
Construction on the landmark could last up to two years, according to the city. It’s part of a $200 million redevelopment of the entire block, after which the City Market itself will reopen under a private operator.
The real estate development firm, which has been based in Indianapolis for 114 years, plans to move to a new $7.3 million building after reaching an incentives deal with Noblesville that was approved Tuesday.
