U.S. construction spending reaches 11-year high
U.S. developers ramped up construction spending in February, led by more building of homes, highways and schools.
Construction
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Art education fundraising firm crafting $4M office at Fort Ben site
The local company considered buying its current home before hitting the drawing board and launching plans to build its own space.
Greenwood man sentenced to 41 months for $2.7M embezzlement scheme
Troy Sissom has been ordered to serve 41 months in federal prison for defrauding F.A. Wilhelm Construction Co. from 2003 to 2015.
Developer gets feedback on $260M Bottleworks project from city planners
Hendricks Commercial Properties has scaled back some of the plans for the massive mixed-use development at College and Massachusetts avenues, at the site of a former Coca-Cola bottling plant.
Furniture stores brace for Ikea’s incursion
The long-awaited arrival of Ikea to central Indiana will transform the way many Hoosiers buy furniture.
Debut of $37M Coil to kick off Broad Ripple apartment flurry
The village is expected to add as many as 500 rental units in the next year or so. Businesses hope they’ll boost daytime traffic in the area traditionally known for its nightlife.
Development taking off in east-side corridor
Harrison College is asking $11.5 million for its two-building campus along East Washington Street, a steep jump from their assessed values but reflective of the area’s increasing potential for growth.
Westfield approves housing development near Grand Park
The Westfield City Council on Monday also agreed to send a proposal for a housing development around the Wood Wind Golf Club back to the city’s plan commission.
Condos make comeback amid apartment boom
Several projects are in the works—a push led mainly by local developer Onyx+East, which plans to begin construction this year on nearly 150 units, 90 of which are in or near downtown.
Downtown’s south end poised for construction projects
A $17 million hotel should break ground in April, while plans for a parking garage could be followed by the construction of two office buildings that would cater to growing tech companies.
Noblesville’s Corporate Campus fills in with homes, restaurants, retail and more
Noblesville laid the groundwork for the campus in 2002. When East 146th Street opened in 2007, city leaders believed it would take 20 years for the area to build out. But it’s happening much faster.
Developer blazes trail with market-rate homes at Central State
But South Bend-based Holladay Properties is about to test the demand for new housing priced in the $200,000 range on the former campus of the west-side Central State Hospital.
Officials still evaluating Interstate 69 completion schedule
While progress is being made on the Interstate 69 project south of Indianapolis, noncommittal answers about the project's completion have government officials frustrated.
Whitestown sees spike in single-family home permits
The Boone County town has a population about a quarter the size of neighbor Zionsville, but new single-family housing permits filed for Whitestown have outpaced Zionsville’s since 2014.
Community Health demolishing, rebuilding East hospital
The wrecking ball is busy at Community Hospital East, knocking down one building after another, as workers ready the site for a brand-new, $175 million hospital.
Chicago-area developer jumps into Indianapolis market
Molto Properties has purchased 47 acres in the AmeriPlex business park and plans to construct a 620,000-square-foot industrial building before landing a tenant.
Westfield schools plan May referendum to pay for construction projects
The district’s school board voted Tuesday to have a special election May 2 to ask residents for a tax hike to raise $90 million.
Pence extends minimum energy standards for buildings
The outgoing governor was set to let the rules expire on Jan. 1. A Department of Homeland Security spokesman says new outdoor stage rules are also in the works.
Long-discussed Penrose on Mass project clears major hurdle
The development partnership for the project has acquired a half-block site and will begin demolition of a former fire station and headquarters in early January.
2016 TOP STORIES: Development boom hits Carmel, Westfield
Massive real estate developments continued to roll into Hamilton County in 2016, especially in Carmel and Westfield.