Indianapolis Public Schools is looking for a new redevelopment strategy for its 11-acre facility on Massachusetts Avenue after an ambitious proposal for the historic former Coca-Cola bottling plant fizzled. A development team consisting of locally based not-for-profit Riley Area Development Corp. and California-based Panattoni Development Co. had pitched a $100 million mixed-use replacement for the […]
Two concrete public-housing towers near Mass Ave downtown can seem like a world apart from the bustling, pedestrian-friendly urban neighborhoods nearby. The Indianapolis Housing Agency is hoping to change that. The group is asking developers to pitch plans to build new residential or commercial space on land surrounding the 21-story John J. Barton Apartments at […]
Developers are working on plans to build new residential or commercial space adjacent to two public-housing towers near Mass Ave downtown. The Indianapolis Housing Agency…
An Indianapolis teenager is in critical condition after he was shot in the head during an apparent robbery last night. Police found Jeremy Swift, 16, lying near a car at Lakeview Terrace Apartments near 21st Street and Mitthoeffer Road about 6:20 p.m. Swift was taken to Wishard Hospital. Investigators believe four men wearing ski masks […]
A Texas developer of retirement communities has targeted Carmel for a style of assisted living new to the Indianapolis area that offers on-site health care for the unusual arrangement of a fi xed monthly fee.
The Salvation Army is rethinking a request to demolish an historic home it owns next to its headquarters at Michigan and Alabama streets. The not-for-profit…
The Salvation Army is rethinking a request to demolish a historic home it owns next to its headquarters at Michigan and Alabama streets.
Police are searching for the person or persons responsible for gunning down a 22-year-old at an east-side Indianapolis apartment complex. Adrian Curtis, of Indianapolis, was shot in the head yesterday afternoon at Blackburn Terrace Apartments. Investigators say Curtis had been banned from the complex. They are now looking for a white Chevy van that witnesses […]
The Indianapolis Housing Agency has received five bids from teams interested in developing new residential or commercial space on land surrounding two prominent public housing towers. The agency had asked for proposals for land adjacent to the 21-story John J. Barton Apartments at 555 Massachusetts Ave. and the 15-story Lugar Tower at 901 Fort Wayne […]
The Indianapolis Housing Agency has received five bids from teams interested in developing new residential or commercial space on land surrounding two prominent public housing towers. The agency had asked for proposals for land adjacent to the 21-story John J. Barton Apartments at 555 Massachusetts Ave. and the 15-story Lugar Tower at 901 Fort Wayne […]
An iconic pie-shaped building on Massachusetts Avenue downtown has a new owner nearly three years after the property first went on the market. Larry Browning of Shelbyville-based Evergreen Investment Corp. purchased the historic three-story Argyle on Mass Ave building at the corner of East Street and Massachusetts Avenue for $3.2 million. He plans to spend […]
An iconic flatiron building on Massachusetts Avenue downtown has a new owner nearly three years after the property first went on the market, IBJ’s Chip Cutter reports…
A Brooklyn-based real estate investment firm is spending $55 million to purchase a local apartment portfolio from one of the country’s largest owners of multi-family housing. Hampshire Properties LLC purchased six apartment communities from Denver-based Apartment Investment & Management Co., known as AIMCO. The sale totals more than 2,100 units, including the Westlake and Wind […]
An overnight fire caused massive damage to a $33 million apartment project on the downtown canal being developed by locally based Flaherty & Collins Properties. The fire was reported around 3 a.m. and continued to burn into the early morning. About 125 firefighters brought the flames under control. The Cosmopolitan on the Canal project was […]
Andrew Rhea, 19, was shot to death last night during an apparent robbery at his home in the Arbors at Cumberland apartments on Indianapolis’ east side. Witnesses say two men left the apartment, and one of them appeared to be holding a handgun. Investigators say they’re looking for two black males, possibly driving a white […]
The number of new housing projects that builders broke ground in February rose sharply, defying economist forecasts for yet another drop in activity. The Commerce Department reported today that construction of new homes and apartments jumped 22.2 percent from January to a seasonally adjusted annual rate of 583,000 units. Economists were expecting construction to drop […]
Sluggish condo sales have led developer Kosene & Kosene to consider turning its latest downtown project, The Maxwell, into apartments. The local company has moved its corporate…
The owners of two vacant buildings and a fenced lot along Washington Street downtown aren’t giving up on redevelopment even after their plans for a $40 million mixed-use structure fell apart. A group called Uptown Realty Investors led by brokers John Demaree and Bill Ehret is talking with potential restaurant tenants to anchor a new […]
A 10-story downtown building that’s been vacant more than five years and labeled one of the state’s most endangered historic structures soon may see new life. Local developer Halakar Properties Inc. has put the Illinois Building under contract, and has been meeting with city officials about a tax abatement that could help return retail space […]
A local developer is working on plans to save the vacant 10-story Illinois Building, considered in recent years as one of the state’s most endangered historic…
