Debt payments will be due before all the buildings are completed. But Carmel officials say the delays shouldn’t cost taxpayers because of safeguards the city and the developer put in in place years ago.
Hospitality industry observers say this is far from an ideal time for Kite—a publicly traded real estate investment trust specializing in shopping centers—to veer outside its core business and tackle what would be a risky and colossal project that easily could cost more than $600 million.
Onyx+East's $5.5M Millside development, which calls for 23 townhouses on the 1500 block of Yandes Street, will sit between the Monon Trail and a major residential and office project on a former Indianapolis Public Schools property.
The Zionsville Town Council voted 4-3 Monday night to reject a 184-unit apartment project proposed just south of the town's quaint downtown village. A vote on the project ended in a deadlock a month ago.
The White River Vision Plan, unveiled Monday morning by community leaders from Marion and Hamilton counties, makes key development recommendations to seven "anchor areas" along a 58-mile stretch of the river.
The city of Fishers and the Indianapolis Airport Authority have issued a call for proposals from parties interested in purchasing and developing a 65-acre site at the Indianapolis Metropolitan Airport in Fishers.