The area that includes the Fletcher Place neighborhood and the southeast corner of downtown is one of the hottest parts of Indianapolis, yet it’s included in a federal program designed to spur investments in poor neighborhoods.
Members of the Indianapolis Historic Preservation Commission on Thursday said they would be hesitant to support the design for the proposed $60 million, addition. One even called it a “brutal proposal.”
Indianapolis-based developer Kite Realty Group Trust is asking the cities of Carmel and Indianapolis to ante up incentives for a trio of mixed-use projects in its pipeline.
Real estate developers and experts suspect the firm couldn’t get access to enough capital to move forward with the massive, 103-acre development. Opinions are mixed on whether the site should remain intact or be split into multiple projects.
Plans for the development include a 220-room hotel and 32 residential units. The addition would boost the existing historic building from four to 26 stories.
A local investment group plans to spend $9 million to $10 million to construct the four-story hotel at 324 Wilkins St. If approved, the development would bring a new, fast-growing midscale hotel brand to Indianapolis.
The Indianapolis City-County Council on Monday night approved nearly $10 million in financial incentives for a Denver-based developer that is planning a 13-story apartment, retail and office project across the street from the Indiana War Memorial.
City development officials had concerns about the design of the brewpub’s proposed second location. Also this week: BrewDog, The District Tap, Nightmare on Edgewood
The new venture replaces another Mexican restaurant at the site. Also this week: Steak n Shake, Rise ‘n Roll Bakery, Hitherto Coffee & Gaming Parlour and BoxLunch.
The assets of Thr3e Wise Men’s now-closed Broad Ripple location will be auctioned off next month. Also this week: Kopetsky Auto Wash, Hendricks County Bank and Trust, Chuy’s, Ross Dress for Less, more.
Also in this week's roundup: The latest on Yo Mama Roux, Goldfish Swim School, Zips Dry Cleaners and Yujo.
Guggman Haus Brewing’s near-west-side tasting room is reviving a pair of historic buildings with ties to one of the Indianapolis Motor Speedway’s most iconic drivers.
The shop is a made-from-scratch effort that started in a food truck. Also this week: 3 Brothers Pub & Grub, Macy’s Backstage and Stein Mart becomes Amazon Hub.
The Irvington landmark has reopened as a multi-tenant space. Also this week: 10th Street Diner, Turn 3 Chicken & Waffles, Jailbird, Tiny House Treats, DeBella’s Subs and more.
The store in the International Marketplace district improved its deli and produce departments with the help of a loan program that provides low-cost financing for projects that increase community access to healthy foods.