City seeks developer input on former Oaktree Apartments site
The city is seeking input from developers on how to revitalize the former site of a long-troubled apartment complex on the far-east side of Indianapolis, officials announced Wednesday.
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Council committee OKs $16M in TIF funding under new policy
The redevelopment of the former Broad Ripple Kroger and the Fountain Square White Castle could be the first residential projects to receive tax-increment financing from the city without including affordable housing units.
CIB approves another $50M in funding for growing Pan Am Plaza project costs
The additional financial support will come from the Capital Improvement Board’s fund balance, which was bolstered in October with $50 million in revenue replacement funds through the federal American Rescue Plan Act.
MDC approves $25M in extra funding for Pan Am Plaza redevelopment
The approval allocates $25 million from the city’s downtown tax-increment financing district to pay for the acquisition of the basement level of the project from developer Kite Realty Group Trust, which plans to build an 800-room hotel and an addition to the Indiana Convention Center.
Indianapolis Children’s Choir to move from Butler, settle into former Tucker building
The 36-year-old local institution expects to spend about $4 million to purchase, renovate and expand the former F.C. Tucker office at 9111 Allisonville Road to house its day-to-day operations, classrooms and rehearsal spaces.
18th Street closing tap room, but plans to open distillery location
Hammond-based 18th Street Brewery opened its Indianapolis tap room one month before the pandemic stay-at-home orders of 2020.
Local firm acquires $104M industrial building on south side
While it’s not clear what the new owner plans to do with the building, the name of the holding company indicates uses as a cold-storage or pharmaceutical facility—or both.
Milhaus plans $5M renovation to turn former Harrison College building into new HQ
The Indianapolis-based apartment developer plans to vacate its current headquarters in the Fletcher Place neighborhood for a newly designed space that can house twice as many employees.
Industrial, home developers plan joint project by southwest-side neighborhood
Nearby residents object to the project, which would include 817,000 square feet of speculative industrial space across 56.7 acres and a residential section with 133 single-family homes and another 52 homes in a paired-patio design.
Council committee OKs $15.5 in TIF bonds for Cole Motor Redevelopment
The Cole Motor Redevelopment, which includes the former Jail II building and Arrestee Processing Center, is one step closer to receiving tax-increment financing.
Gallery Pastry to open restaurant in former Next Door building
The company will continue to have an event space and its catering operations along the Monon Trail, plus its Gallery Pastry Bar in downtown’s Wholesale District and Gallery on 16th in the Old Northside neighborhood.
Brothers writing new chapter for 106-year-old building in Garfield Park
Siblings Phil and Joel Kirk want to be part of the commercial comeback of the Garfield Park neighborhood southwest of Fountain Square.
Raising Cane’s raises Cain over lease that bans chicken fingers
Raising Cane’s filed a lawsuit against the Indiana shopping center’s owner, Schottenstein Property Group, alleging fraud and saying the would-be landlord failed to disclose the existence of the chicken ban.
Appeals court upholds law that lets charter schools buy buildings for $1
The appeals court agreed with a lower court that the school corporations are prohibited from pursuing “takings clause claims,” which can prevent private property from being taken for public use without just compensation.
Morrell Group opens facility in new Noblesville biz park
Morrell Group, which says it outgrew its location in Indianapolis, is occupying about 32,000 square feet and will employ 33 people.
Luxury developer plans nearly 300 apartments on site of former entertainment center
The plans from Edward Rose & Sons call for demolition of the 54,500-square-foot Main Event entertainment complex, which opened in mid-2017 in the Lake Clearwater area.
Most hotels planned for downtown still in works, but progress slow
Five of 20 downtown hotel projects announced before the pandemic have opened. But few of the remaining 15 have made substantive progress, despite a strong rebound in the district’s hotel occupancy rates.
TWG planning apartments on former bakery site east of downtown
TWG Development expects to spend $56.5 million to build Bakery Living, a six-story, 201-unit apartment project at 1331 E. Washington St., just east of its redevelopment of a Ford Motor Co. assembly plant.
BJ’s Wholesale Club planning second Hamilton County store
After opening its first Indiana store late last month in Noblesville, the Massachusetts-based shopping club chain has filed plans to build another store in Hamilton County.
Three transit-oriented projects in line for city financing incentives
The Indianapolis City-County Council and Metropolitan and Economic Development Committee are considering tax-increment financing for three apartment developments that prioritize access to transit.