$135M CityWay expansion stokes apartment boom
Construction on the second phase of CityWay is expected to begin in early June, further transforming downtown by adding 400 more rentals to the already booming apartment market.
Construction on the second phase of CityWay is expected to begin in early June, further transforming downtown by adding 400 more rentals to the already booming apartment market.
City officials are scrapping plans to help finance construction of a long-awaited 21c hotel proposed as part of a $55 million redevelopment of Old City Hall and are putting the property back up for bid.
Harrison College is asking $11.5 million for its two-building campus along East Washington Street, a steep jump from their assessed values but reflective of the area’s increasing potential for growth.
IPS has agreed to sell the vacant structure, once part of Angie’s List’s bold expansion plans, to the local developer for $1.65 million.
An iconic architectural landmark that would create a gateway to downtown is one of several features city officials want as part of a redevelopment of the former General Motors stamping plant site.
The owner of the former General Motors stamping plant property plans to solicit bids for the site as early as next month and is expecting proposals to be much bolder than previous pitches.
A redevelopment of the three buildings, led by Flaherty & Collins, will make way for 38 apartment units for residents 55 and older. The project pays homage to Martinville’s history as a mineral-springs hotbed.
Banker J.F. Wild had the limestone building constructed in 1923 to house his growing financial institution. Developer Loftus Robinson has just spent two years reversing decades of neglect.
Mayor Joe Hogsett’s administration is targeting the former General Motors stamping plant site on the west side, where development plans have stalled, and the upstart Market East District on the opposite end of downtown.
Construction of Penrose on Mass, Park at Pulliam Square and the second phase of CityWay will add another thousand units by the end of 2018.
Construction of a 21c museum and hotel slated to be built as part of a $55 million redevelopment of Old City Hall is not likely to start on time after the owner missed a deadline to secure financing.
Mission Peak Capital sees a big upside in spiffing up the buildings near Cummins’ new office project and a planned 28-story apartment building.
Mission Peak Capital sees a big upside in spiffing up the buildings near Cummins’ new office project and a planned 28-story apartment building.
A prominent Indianapolis developer is pursuing two projects totaling $32 million that would bring a grocery and 200 apartments to a neglected stretch near 38th and Meridian streets.
Four apartment projects totaling more than 1,000 units are either under construction or in the works near IUPUI, as developers capitalize on the university’s transition to a residential campus.
Georgia-based Landmark Properties wants to build the project on a triangular surface lot along Indiana Avenue that it’s buying from a local developer.
The Hogsett administration is in discussions with school administrators to take over decision-making on the 11-acre Massachusetts Avenue property and might even buy the site.
To avoid appearances of a conflict of interest, Mary Ann Sullivan has removed herself from the bid process because of her husband’s ties to the two Milhaus bids.
Originally set to vote Thursday, board members decided they needed more time to examine proposals for redeveloping the former Coca-Cola bottling plant site and to get feedback from neighbors.
Indianapolis Public Schools is considering five bids for its 11-acre site. But a sliver of land along Massachusetts and College avenues may go undeveloped, depending on which proposal is chosen.