Committee gives preliminary OK for $12.25M in TIF bonds for two projects
The projects include a two-building development in Broad Ripple that would serve as the headquarters for the staffing firm Eight Eleven Group.
Development/Redevelopment
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City launches public survey to gauge public interest in reusing BlueIndy sites
The ideas the city received fell into four broad categories: public charging for e-bikes and scooters, public charging for electric vehicles, shared transit services and placemaking.
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IndyGo adds two sites to list of possible property purchases
IndyGo has been evaluating possible expansion sites around the city in recent months because it has run out of room at its West Washington Street headquarters.
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Broad Ripple office project gets preliminary OK for $3.5M in bonds
A planned two-building office headquarters in Broad Ripple for staffing company Eight Eleven Group is another step closer to approval.
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Downtown church still hoping to redevelop adjacent lot on Mass Ave
Roberts Park United Methodist Church, 401 N. Delaware St., has planned for more than a year to build a five-story building with a day-care facility, parking, health clinic and office space atop the parking lot directly east of the church.
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Articles
Franklin Township retail project picking up steam, adding self-storage and medical space
The owner of a 60-acre commercial development that recently took shape on former farmland in Franklin Township is planning a few new components, with long-term plans for at least a dozen more buildings.
Virus shifts focus for Westfield developer EdgeRock
The company is slowing its rollout of ambitious commercial projects while turning to residential development as a way to support those signature endeavors.
Trump used strategies common among real estate developers to shrink taxes
U.S. tax law has long been kind to big real estate developers. It allows them myriad legal loopholes and breaks that can significantly shrink their tax bills.
Platinum Properties might keep Grantham plan alive despite denial from Fishers
Even though rezoning for the proposed 290-home Grantham neighborhood on the east side of Fishers was denied this week, a new version of the project might be built anyway, the developer said.
Developers propose $36M multifamily project near downtown Fishers
Fishers City Council members weren’t immediately convinced by the large number of proposed rental units in the plan and the developers’ request for $6.1 million in tax increment financing, so a majority voted to reconsider the proposal in 30 days.
City-County Council approves financing plan for convention center expansion
The Indianapolis City-County Council on Monday night voted unanimously to issue up to $155 million in bonds to pay for an expansion of the Indiana Convention Center at Pan Am Plaza.
$40M apartment project planned for Herron-Morton Place
The proposed project includes 234 multifamily units in the 2100 block of Central Avenue, along with nearly 12,000 square feet of new or redeveloped commercial space.
Noblesville planning to partner on $52.8 million redevelopment of former Marsh site
Indianapolis-based Cityscape Residential LLC is working with Noblesville to develop an apartment and office complex on the west side of the White River, along River Road and State Road 32.
Architect Stephen Alexander helping to sketch future of Old Southside
He has a big plan for the south side of downtown, but the plan is ever evolving and it will require hundreds of millions of dollars in investment and large-scale rethinking of development along the Interstate 70 corridor.
Ballyhooed Simon Cancer Center to empty out by 2026
Just 12 years after opening to great fanfare, the future of the $150 million center, a partnership between the Indiana University School of Medicine and Indiana University Health, is full of questions.
Oregon-based drive-thru coffee chain coming to Indy market
The Human Bean, which opened its first shop in 1998, is coming to Westfield. The local franchisee said he’s scouting Hamilton County for more sites. Also this week: Noble Roman’s, Big Woods and more.
$50M mixed-use development in works for downtown Noblesville properties
Ohio-based Republic Development and Carmel-based J.C. Hart have entered into an agreement with Hamilton County to buy a parking lot and develop a 226-unit apartment building with retail space and a 350-space parking garage.
Zionsville sets table for gateway south of downtown
To plan development, mayor is scheduling public-input sessions that will shape a request for proposals the town plans to issue within six months.
Tourism experts disagree on wisdom of planned convention center expansion
Overall attendance at Indiana Convention Center events has stagnated, but annual major conventions have seen explosive growth.
Soul-food landmark Kountry Kitchen set to begin rebuilding after fire
Its owners are planning to begin construction on a new, bigger building this fall, following the January fire that gutted its original home. Also this week: The W Nail Bar, Crazy Tortas.
Westfield council OKs $3.5M tax abatement for software firm’s HQ
Carmel-based SEP and Indianapolis-based developer Pure Development Inc. are partnering to build the 70,200-square-foot facility in Westfield by the end of next year.
Third Whitestown I-65 interchange to give developers blank canvas
The launch of a $63 million project to add an interchange and rework another is likely to fuel a new blitz of commercial development in the state’s fastest-growing town.
IndyGo considering purchase of former Celadon headquarters site
IndyGo is on the hunt for additional space because its staff and bus fleet have grown in recent years, making its current headquarters on West Washington Street too small for its needs.
Ratio principal Bill Browne talks Pan Am Plaza project
Ratio is architect for the $550 million project by Kite Realty Group Trust that includes a Signia Hilton, an expansion of the Indiana Convention Center and—eventually—a second, 600-room Hilton-branded hotel.