Recession slows the creation of a self-contained Boone County community
Creating a self-contained community on 1,700 acres of farmland could take much longer than the 15 to 20 years Duke Realty
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Flaherty selected to revitalize Barton, Lugar tower sites
Locally based Flaherty & Collins Properties plans to build retail and residential space on land that surrounds two downtown public housing towers.
$65M deal raises questions
A $65 million public-private plan for the redevelopment of a vacant downtown office building is raising eyebrows for its unusual approach and potential risk to taxpayers. The plan calls for a private developer to acquire the former Bank One operations center, surface parking lots and an adjacent parking garage from a private owner for $18.5 […]
$65M downtown development deal raises questions
A $65 million public-private plan for the redevelopment of a vacant downtown office building is raising eyebrows for its unusual
approach and potential risk to taxpayers. The plan calls for a private developer to acquire the former Bank One operations
center, surface parking lots and an adjacent
parking garage from a private owner for $18.5 million, then sell the 1,680-space garage to the city for $18.5 million.Adjacent Central Canal parcels go on the market
The owners of two industrial properties that span an entire city block along the Central Canal downtown have put their
properties up for sale with an eye toward redevelopment.Apartments near downtown canal slated for rehab
A local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.Historic Landmarks returning to headquarters
The Historic Landmarks Foundation of Indiana is set to return to its headquarters in downtown Indianapolis tomorrow, six
months after a fire at a neighboring apartment project displaced the not-for-profit.Failed Charlotte skyscraper brings Indianapolis developer back to earth
The Flaherty & Collins project—dubbed 210 Trade—would have been the tallest residential building in the Carolinas, with more floors
than any building in the region except the Charlotte headquarters of Bank of America Corp.Apartment developer investing $100M in Hamilton projects
Carmel-based developer J.C. Hart Co. is making a $100 million bet that luxury apartment communities will continue to thrive
in Hamilton
County, particularly along 146th Street.Cincinnati investors buy apartment complex anchored by mansion
Sundance Real Estate Holdings and other investors closed on the 37-unit Mansion Row apartments at 2550
Cold Spring Road on Dec. 30.Receivership business picks up for property managers
Companies hired by the courts to manage properties in financial distress are benefiting as the number of such properties grows.
Group rounds up business help for Census
As deadline day arrives, the Indianapolis Complete Count Committee is encouraging area companies to provide funding for local
marketing and events
designed to encourage citizens to fill out their Census forms.Local firm’s Carolina development slides into bankruptcy
Owner of Flaherty & Collins’ apartment complex in Raleigh seeks to reorganize debts related to a $24.8 million loan. It’s
the second Flaherty & Collins project in North Carolina to fall into bankruptcy in six months.Prosecutor drops arson charges in Cosmopolitan fire
Homeless man Brandon Burns had been accused of setting the massive blaze.
Lugar, Meadows projects get tax credits
Two high-profile apartment projects that were denied tax-credit funding in March recently were awarded the millions of dollars in credits they need to proceed.
Deadline approaches for Richelieu offers
John Jacobs and a Cleveland-based partner have put a Friday deadline on offers for the 62-unit Richelieu apartments, a two-building
property at the intersection of North and East streets and Mass Ave.Property shuffle aims to connect police, fire services with neighborhoods
The city plans to open police-and-fire hubs in two former IPS schools, retrofit
an Eastgate mall department store into an Emergency Operations Center, and build at least two fire stations.Construction
DeVere/FCC LLC, a joint venture of DeVere Construction Co. Inc. and Flaherty & Collins Construction Inc., has started construction of the $25.5 million second phase of The Boulevard Apartments. The 213-unit complex is being built on 8.94 acres in the 1,700-acre Anson mixed-use development near Interstate 65 and State Road 334.
Downtown apartment developers take divergent paths to financing
J.C. Hart Co. spent more than a year securing a $5 million bank loan to expand an existing project; Buckingham Cos. turned to the city to finance its ambitious project just north of the Eli Lilly and Co. campus.
Gatling Gun Club building set for auction
The historic structure at 709 N. Illinois St., along with a nearby parking lot, could be sold Wednesday afternoon. Declining membership and rising costs led the private club to seek a sale of the 160-year-old building.