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.
The Fishers City Council on Monday night approved a development agreement between the city and Indianapolis-based Scannell Properties, which has 14 residential parcels under contract south of the Nickel Plate District.
TWG Development could save $1.4 million on the 188-unit Wesmont, named after jazz guitar legend Wes Montgomery. It's part of the company's larger redevelopment project south of East 16th Street and east of the Monon Trail.
According to the complaint, First Merchants “engaged in unlawful redlining in Indianapolis by intentionally avoiding predominantly African-American neighborhoods because of the race of the people living in those neighborhoods.”
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.