Articles

Metro home-building activity sinks again in 2011

New-home construction in the Indianapolis area slid in 2011, marking six straight year-over-year declines in residential building. The 3-percent decrease in building permits, however, was the smallest decrease since 2006.

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Daniels, Beshear reach agreement on bridges

Construction on two new bridges costing $2.6 billion and spanning the Ohio River between Kentucky and Indiana could begin in late 2012, with the spans open before the end of the decade, Kentucky and Indiana officials said Thursday.

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Indiana construction biz acquired by Swedish firm

Stockholm-based Skanska AB, the Nordic region’s biggest builder, has purchased Industrial Contractors Inc. for $135 million, boosting its U.S. presence with its first acquisition in the United States in a decade.

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Fashion Mall getting big upgrade

A multimillion-dollar makeover now under way at The Fashion Mall at Keystone will add an upscale food court and about 20 stores, many of them new to Indianapolis.

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Green roofs slow to take root in Indianapolis

Indianapolis’ movement toward installing green roofs on commercial buildings has advanced slowly but steadily, in spite of a poor economy and the availability of cheaper (at least in the short run) alternatives.

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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.

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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.

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