Yearlong positive streak ends for area homebuilders
Permit filings had risen on a year-over-year basis for 11 straight months before June’s decrease.
Construction
Articles
Kite Realty gives new life to 65-year-old Nora Plaza
Five years after Indianapolis-based Kite bought the shopping center, the developer has invested in utilities, signage and infrastructure and is adding eye-catching tenants West Elm, Williams Sonoma and Bluemercury.
Revamped downtown CSX redevelopment plan features upscale hotel, music venue
An investment group led by Indiana Pacers owner Herb Simon and his family said Thursday it plans to spend at least $300 million to construct a 13-story luxury hotel and connected 4,000-seat theater on the property after demolition of the existing century-old building.
New animal shelter finally on the way
It’s been a long time coming, but Indianapolis city leaders hope to have a new animal shelter up and running by 2026.
City open to additional funding for Old City Hall project after major budget increase
Indianapolis-based TWG Development LLC now says it will cost as much as $264 million to overhaul the historic building and build a 32-story apartment and hotel tower on a lot directly to its north—an increase of nearly 90% from the original budget.
IU Health’s new downtown hospital about 25% complete and on schedule, officials say
Officials with IU Health gave what they called a “summer update” on Wednesday and sounded optimistic about the project, one of the most expensive in Indiana history.
City reveals street projects getting $30.5M in federal funds, including Nickel Plate pedestrian bridge
Indianapolis plans to use $30.5 million in federal transit funding on eight street projects, including a pedestrian bridge connecting the Nickel Plate Trail over Keystone Avenue and a transformation of Madison Avenue.
Lebanon needs to find new water source to support more construction, mayor says
Without an additional source, Lebanon cannot currently offer water to companies and developers looking to build in the city who have not already reserved allocations.
Westfield unveils 8-year, $186M infrastructure plan
That represents $125 million in road improvements, $31 million in new roundabouts, $16.7 million in trail projects and $12.5 million in park projects. Half the projects have fundings allocated; the city is studying how to fund the other half.
Governor’s residence gets new $300,000 meeting space
Indiana Gov. Eric Holcomb now has a new place to meet with important business leaders, international visitors and senior staff
Record-setting Signia hotel concrete pour sets stage for construction
More than 800 truckloads of concrete went into the foundation for the planned Signia by Hilton hotel and Indiana Convention Center addition at Pan Am Plaza over a 12-hour period.
Carmel City Council approves park impact fee hike for developers
The fee will increase 11.13% each year through 2029. Carmel already has the highest park impact fee among its peer communities in the northern suburbs of Indianapolis.
Drugmaker Novartis to expand nuclear medicine factory near airport, creating 55 jobs
Novartis Manufacturing LLC told a committee of the City-County Council on Monday evening that it plans to spend up to $125 million to construct and equip a 79,000-square-foot-building for radiopharmaceutical manufacturing and distribution on the city’s west side.
Wawa planning store along busy 146th Street corridor in Noblesville
Carmel-based JDF Development is planning an $8 million to $10 million project with a Wawa Fuel Center and a 10,000-square-foot office building on 4.45 acres.
INDOT scraps $200M Link 101 road project
Gov. Eric Holcomb’s $200 million Link 101 road endeavor isn’t moving forward, at least in its original form, following a gloomy cost-benefit analysis and sustained public pushback.
Lilly’s $3.7B manufacturing campus in Boone County starting to take shape
The company plans to develop at least 12 buildings totaling more than 1.6 million square feet. The project is expected to anchor the LEAP Research and Innovation District northwest of Lebanon.
Applications for new homes rise for ninth straight month in central Indiana
The Indianapolis-area homebuilding industry continued to see rising interest in new houses in March, with applications for new-home construction increasing 18.5% on a year-over-year basis.
Developer receives OK for two subdivisions in Westfield with nearly 600 houses
Platinum Properties Management Co. plans to build Ravinia on 80 acres near West 166th Street and Eagletown Road and Winterburg on 205 acres about two miles west of Grand Park Sports Campus.
Community Health planning major expansion of south-side cancer center
The addition would more than double the square footage of the facility and allow for expanded patient and staff services, according to a petition filed with the city’s Department of Metropolitan Development.
Area homebuilders continue to see surging demand
Applications for new home construction in central Indiana have risen on a year-over-year basis for eight straight months.