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Westfield hopes to draw business farther north: New development could reduce residential tax rates

January 21, 2008

Back when they arrived in 1996, there were lots of open spaces and taxes were low, Jones said. “Overall, it was a good place to live,” he said. Jones said he still loves living in Westfield, which is 20 miles north of Indianapolis. But he admits things are changing, which is a double-edged sword. Eight years ago, according to the U.S. census, Westfield had just 9,300 people. Now, it’s a rapidly growing city with a population of 24,000, an increase…

Permanent Opie piece coming to downtown

January 18, 2008

Good news for fans of Julian Opie’s pop-art-inspired exhibit that ended a year-long run on city streets in September-Indianapolis is getting a permanent piece by the London artist to add to its growing public art collection. The work created for Indianapolis is called “Ann Dancing.” It’s reminiscent of the four-sided LCD display dubbed “Sara Dancing” […]

New Albany firm to develop Cabela’s site

January 17, 2008

Property near the Cabela’s outdoor store under construction in Greenwood will be developed with a cinema, grocery store, restaurants and other shops. Lopp Properties, a developer based in the southern Indiana city of New Albany, signed a contract recently for rights to build on the 100-acre property, according to the Daily Journal of Franklin. The […]

Construction on $530M Getrag plant on hold

January 10, 2008

Work on a $530 million automotive transmission plant near Tipton has ground to a halt over a dispute between its partners, Chrysler LLC and German transmission maker Getrag. Construction stopped Dec. 21, ostensibly for a holiday break, but the work hasn’t resumed, according the Kokomo Tribune. Without naming its sources, the newspaper reported that the […]

Of battles won and trouble ahead: Peterson says state action key to city’s future

December 31, 2007

Democrat Bart Peterson leaves office in early January after two terms as mayor of Indianapolis. Succeeding him will be Republican Greg Ballard, a former lieutenant colonel in the U.S. Marine Corps who parlayed property-tax outrage into a surprise win. As Peterson, 49, prepared to leave office, he sat down with IBJ. The following is an edited version of the interview. IBJ: You didn’t expect to be stepping down this year. What was the most significant priority you had planned for…

Economy surged over summer but is losing momentum as year ends:

December 24, 2007

WASHINGTON – The economy sprinted ahead at its fastest pace in four years during the summer, although it is expected to limp through the final three months of this year as the housing and credit debacles weigh on individuals and businesses alike. The Commerce Department reported Dec. 20 that gross domestic product grew at a 4.9 percent pace in the July-to-September quarter, unchanged from an estimate made a month ago. The performance was especially impressive given that the housing market…

‘Mystery man’ at helm of Premier Properties dreams big, but bills pile up

December 17, 2007

Christopher P. White is arguably the city’s most daring real estate developer. But an IBJ review of hundreds of pages of public
records shows White and his Premier Properties USA Inc. are facing major financial and legal challenges.

Building them like they used to: Bloomington development bucks zoning standards to blend new with old

December 17, 2007

As high-density residential construction booms in downtown Bloomington and sprawl continues in surrounding Monroe County, a new development is offering an old-school alternative. The South Dunn Street development will include 38 bungalows, four squares and 1-1/2 story cottages-the same early 20th-century styles that occupy the rest of the surrounding Bryan Park neighborhood. Deep front porches fill much of the small front yards. There are no driveways in the front, only alleys in the back. Three street-front commercial buildings will create…

Road getting bumpy for ethanol plants

December 10, 2007

The list of potential Hoosier ethanol plants is nothing short of astounding for a state that had just one ethanol-fuel distillery
as recently as 2005. Beyond the six ethanol plants now operating and six others under construction, Purdue University agricultural
economist Chris Hurt counts 27 others under consideration for Indiana.

AllPoints Midwest lands huge lease

December 3, 2007

The massive new AllPoints Midwest industrial park in Plainfield has landed its first tenant in a mega deal that likely will
be the area’s biggest industrial lease in 2007. Local logistics firm Prime Distribution Services Inc. has signed a lease for
1.2 million square feet in the 920-acre park, a joint venture between Indianapolis-based Duke Realty Corp. and Browning Investments
Inc.

High-speed rail still on slow track in state: Economic study, innovative financing explored

November 26, 2007

The effort to put high-speed trains into service in Indiana and eight other Midwestern states sometimes seems as fanciful as the first manned flight to Mars. There have been years of talk and countless meetings. And it will be many more years before a vehicle is fueled-and-ready, if ever. In the 13 years since the Indiana High Speed Rail Association was formed in Highland, the closest thing to high-speed rail Hoosiers have seen is an occasional speedy European locomotive brought…

STATEHOUSE DISPATCH: Politicos set framework for debate over property taxes

November 26, 2007

Lawmakers returned from their respective districts across the state for Organization Day activities Nov. 20, with many already weary of having their ears bent by constituents frustrated over property taxes. Instead of finding some respite in Indianapolis, they were greeted at the Statehouse by protests from both citizen activists and organized interest groups-such as the Indiana Farm Bureau-seeking substantive property tax reform and not simply another round of short-term property tax relief. The Libertarian Party of Indiana even bought Indianapolis…

Hancock developer’s plan matures: Copper Leaf would be region’s largest, most comprehensive senior housing

November 19, 2007

What started as Jim Brothers’ search for an assisted-living facility for his mother could end up as the region’s most comprehensive retirement “resort.” The president of The Bradford Group, an Indianapolis residential developer, has been working several months to get the zoning he needs for Copper Leaf. The 177-acre community on the east side of McCordsville would be home to 400 to 600 residents and sport a nine-hole public golf course. About 30 acres would be set aside for restaurants,…

SoDo proposal faces stiff odds

November 19, 2007

If Circle Centre mall were built today, it would cost $420 million. Throw in another $60 million, and you’ve got the price
of Legends District-SoDo, a proposed mixed-use development on the south edge of downtown.

West-side group promotes ethnic eateries: Will visitors see gems among strip malls?

November 12, 2007

The Lafayette Square neighborhood is known for its aging mall and the ongoing struggle to keep tenants there and in the surrounding sea of strip centers. But some advocates want to promote a success story: the demographic diversity that has given rise to a plethora of ethnic eateries in the area. Visitors who take a trip through some of the retail centers and outlots off West 38th Street can find the ubiquitous pizza, gyros and sushi-along with more unusual Ethiopian,…

Billboards enter digital era

November 12, 2007

Remote-controlled digital billboards are revolutionizing the outdoor advertising industry nationwide, but a city prohibition
against the medium is preventing a rollout here.

EXCLUSIVE: $480M downtown project in works

November 9, 2007

A development team is finalizing plans for a $480 million mixed-use project that calls for condos, as many as three hotels, a theater and 175,000 square feet of retail space just south of downtown. The project, Legends District-SODO, could be one of the largest private developments in the city’s history. It would sprawl over 11 […]

Not your father’s car lot: Auto dealers grab attention with livelier designs

November 5, 2007

The three-tiered floor gives a commanding view of the flick playing on the big screen. Down the hall, other guests sit entranced behind flat-panel TVs in a spacious lounge, or check their e-mail courtesy of the building’s wireless signal. Not far away, 20 kids and their parents celebrate a birthday party. It’s not a movie theater, a Hilton or a Chuck E. Cheese’s: It’s Burd Ford’s new facility at 10320 E. Pendleton Pike. These days, almost every new or remodeled…

Sluggish housing market a blow to some contractors: Residential crews seek commercial jobs to stay busy

November 5, 2007

The number of crews Robert Hoffman employs to frame new homes has dwindled from 14 to four, and could drop even more if the residential construction market continues to sputter. But the owner of Hoffman Framework Inc. in North Salem, a tiny town in western Hendricks County, is not about to let his 12-year-old business wither away. Instead, he’s expecting to recover by making the leap to the much more vibrant commercial sector, where he can use his experience framing…

Fast-growing WDG built on years of industry experience: Veteran of Kite, Lauth branches out on his own

November 5, 2007

For Mike Wyman, a devastating fire that gutted the family home during his teen-age years laid the foundation for a rewarding career in construction. The 41-year-old Wyman climbed from carpenter to become a leader of projects at two of the city’s largest commercial developers before launching his own company in 2005. WDG Construction & Development Services Inc. on East Washington Street downtown has since grown into a firm that expects to top $30 million in revenue next year-double this year’s…

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Articles

Westfield hopes to draw business farther north: New development could reduce residential tax rates

Permanent Opie piece coming to downtown

New Albany firm to develop Cabela’s site

Construction on $530M Getrag plant on hold

Of battles won and trouble ahead: Peterson says state action key to city’s future

Economy surged over summer but is losing momentum as year ends:

‘Mystery man’ at helm of Premier Properties dreams big, but bills pile up

Building them like they used to: Bloomington development bucks zoning standards to blend new with old

Road getting bumpy for ethanol plants

AllPoints Midwest lands huge lease

High-speed rail still on slow track in state: Economic study, innovative financing explored

STATEHOUSE DISPATCH: Politicos set framework for debate over property taxes

Hancock developer’s plan matures: Copper Leaf would be region’s largest, most comprehensive senior housing

SoDo proposal faces stiff odds

West-side group promotes ethnic eateries: Will visitors see gems among strip malls?

Billboards enter digital era

EXCLUSIVE: $480M downtown project in works

Not your father’s car lot: Auto dealers grab attention with livelier designs

Sluggish housing market a blow to some contractors: Residential crews seek commercial jobs to stay busy

Fast-growing WDG built on years of industry experience: Veteran of Kite, Lauth branches out on his own