Nature part of plans for former Newport Chemical Depot
Conservationists have complained that industrial development planned for part of the 7,100-acre site would destroy all but 44 acres of the state's largest restored black-soil tallgrass prairie.
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Lawrence Township school district buildings in play
The district is beginning an evaluation that could result in three buildings being sold and part of another being renovated for private-sector tenants.
Agency urges complete overhaul of Pan Am Plaza garage
Indianapolis’ Department of Code Enforcement made the recommendation Friday afternoon after citing safety concerns posed by possible structural deficiencies.
Apartments, retail planned for Virginia Ave. corridor
Call it Extreme Makeover: Holy Rosary. Just about every building and corner along a four-block stretch of Virginia Avenue in this historic neighborhood southeast of downtown is under construction or will be soon.
Developer proposes $22M project for Keystone Towers site
The Whitsett Group LLC’s plans call for a $22 million project that would include nearly 140 apartments and a retail component on the property where Keystone Towers stood. The company submitted the lone bid to the city to redevelop the site.
Commission approves demolition for Indy East Motel
The Indianapolis Historic Preservation Commission unanimously approved the demolition of the former motel at 5585 E. Washington St.—with a few conditions. Developers plan an $8.7 million project for the site.
Simon Property Group gets new $4B credit facility
Indianapolis-based shopping mall giant Simon Property Group Inc. has received a new $4 billion unsecured revolving credit facility.
Lottery says it overspent on amenities for new office
Indiana lottery officials say they overspent on their new headquarters and will sell some of their equipment after reports raised questions about the lavish facility.
Waiting for construction industry to recover
The recession officially ended more than two years ago. But the number of local construction jobs is still down 27 percent from 2007 levels. Will the industry ever feel relief? Some segments might not recover in a big way until 2013.
California firm’s Park 100 portfolio goes back to lender
California-based Blue Real Estate lost the last big chunk of its Indianapolis portfolio last week when a lender took control of Blue’s 360,000-square-foot, seven-building portfolio in Park 100.
Report holds next steps for Pan Am Plaza garage
Part of the Pan Am Plaza parking garage has reopened after being closed for several hours for emergency repairs late last week, but a report will reveal whether more extensive work is needed to restore the garage to a structurally sound state.
Parking already at a premium at Rivers Edge shopping center
The 617 parking spaces at the newly renovated Rivers Edge shopping center meet the minimum commercial-zoning allotment—but just barely.
Investor Buffett gets behind east-side revitalization project
Warren Buffett joined other investors and Indianapolis community leaders Wednesday morning for a ribbon-cutting ceremony at the $27 million East Village at Avondale apartment project.
Developer zeroes in on troubled Irvington site
A developer that wants to replace a vacant Irvington motel with an $8.7 million apartment building could get permission as early as next week to clear the site for redevelopment.
Circle Centre resolves lease dispute with Cinnabon
An attorney for the downtown Indianapolis mall has filed to dismiss the complaint, saying the two sides have resolved the dispute through an out-of-court settlement.
Lafayette Square coalition names executive director
Mary Chalmers, a neighborhood liaison for the city, will leave that post to lead the effort to improve the area near 38th Street and Lafayette Road.
Big ambitions for small planning firm
Eden Collaborative, the three-man company Adam Thies founded in 2004, is working to revitalize St. Clair Place on Indianapolis’ east side, among other projects.
Industrial-market sales this year end deal drought
Through the first eight months of this year, there were at least seven sales of large industrial properties in the market, compared with zero last year.
Downtown Hyatt upgrades hotel rooms
The renovation, which will be finished in January, includes all 499 guest rooms and suites and the hotel’s corridors.
Owner finding new tenants for former Macy’s
High-end custom homebuilder Moussa Khoury and a partner bought the former Macy’s store at Washington Square Mall in 2009 for about $775,000. They paid cash since commercial lending had vanished. Two years later, the investment has begun paying off.