State directs $100M to park hotel project as nearby communities prepare for boost
The project at Potato Creek State Park calls for 120 guest rooms, a 9,000-square-foot indoor aquatic facility and a conference center.
Development/Redevelopment
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Long an east-side question mark, Irvington Plaza now has a buyer with plans for redevelopment
A firm owned by a former IU football player is in the early stages of revamping the deteriorating shopping plaza that once served as Irvington’s main retail hub.
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City secures $24M loan from state for ‘confidential’ downtown project
The loan, which was approved by the Metropolitan Development Commission, is expected to be used for “downtown redevelopment efforts.”
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Star of ‘Good Bones’ show says city officials hampered her work
The HGTV home-improvement show is airing its last season, and Mina Starsiak Hawk says she’s not sure of her next steps. But one thing seems likely: She won’t be redeveloping or building houses regularly in Indianapolis anymore.
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City issues RFP for redevelopment of Drake apartment property
The request for proposals requires bids to include an offer of more than $1 million for the property and to fulfill federal Community Development Block Grant parameters
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Articles
TWG’s ambitious Old City Hall proposal chosen over several other bids
A few of other bids were similar to the selected proposal put forth by TWG Development, while others went in a distinctly different direction. Here’s a look at those proposals.
Italian steakhouse, coffee/wine bar planned for Proscenium tavern in Carmel
The tavern is part of the Proscenium mixed-use development by Carmel-based Birkla Investment Group and Dayton, Ohio-based Woolpert Inc., which opened in 2021.
Utility expansion in HamCo’s tiny Bakers Corner could start development surge
Last year, Hamilton County announced a $45 million plan to extend sewer and water utilities to Bakers Corner. An additional $20 million from the state will allow the county to create a regional utility district.
Projects spur renaissance of North Mass, once considered eyesore of city’s past
In the past decade, the area has grown into one of the region’s hot spots, in part because a handful of developers is embracing the area’s industrial roots.
Lafayette Square Mall owner delays reopening, developing much bigger plan
Sojos Capital principal Fabio de la Cruz—who introduced an ambitious $200 million project for the northwest-side property in November 2021—said the new master plan will require much more investment and involve multiple development partners.
Developers plan affordability-minded $25M apartments along Monon Trail
The development partners, operating as DJ BCG Monon 22 LLC, have the land under contract from the Indianapolis Neighborhood Housing Partnership, which acquired the site in February 2022 for $2.25 million.
Indianapolis-based developer seeking to build about 300 houses in Whitestown
Gradison Land Development Inc. is looking to build Windswept Farms on 160 acres south of the intersection of County Road 425 South and County Road 700 East.
Lebanon City Council approves special zoning classification for LEAP district
The LEAP district planned unit development designation sets development standards for about 6,000 acres of the planned high-tech district in Boone County along Interstate 65 between Indianapolis and Lafayette.
Momentum builds to turn dormant far-east-side high school into services hub
The Indianapolis Department of Metropolitan Development has started soliciting ideas for what could be done with the site of the former John Marshall High School, which it purchased from Indianapolis Public Schools for $725,000 last month.
City, CIB break ground on $800M hotel, convention center expansion
The ceremony follows months of construction work beneath the plaza to stabilize certain structures, like Pan Am Tower, and prepare the site for a three-year buildout.
Developers revise plan for controversial $61M residential project north of Broad Ripple
The owners of Willows Event Center on Spirit Lake are reviving efforts to redevelop the site with apartments and townhouses, almost a year after withdrawing their proposal amid pushback from neighbors.
New TIF renews hope for fading Irvington strip mall
The strip mall was built in 1952 and for years served as a primary retail hub for the neighborhood.
Indiana lawmakers could further dilute state wetlands protections following SCOTUS decision
The Indiana Builders Association said the Supreme Court ruling provides builders and developers “more certainty in the federal permitting process,” and called the decision “a win for common-sense regulations and housing affordability.”
Stutz owner retooling plans for 275-unit apartment project
The rethought 2.4-acre Stutz II project is now expected to consist of two new structures and the reuse of an existing three-story office building.
Cunningham planning bar and restaurant for North Mass redevelopment
Plans call for the restaurant and bar to occupy an 8,500-square-foot indoor space at 1351 Roosevelt Ave., with a 6,000 square-foot patio for outdoor dining.
Trio of developers plans apartments, offices, restaurant in North Mass area
The plan calls for two projects from Stenz Corp., Pure Development and Third Street Ventures adjacent to The Box Factory. Another apartment development is also slated for the area.
Apartments, dance group headquarters planned for 42nd and College
In cooperation with city development officials, Midtown Indianapolis Inc. is making headway on a project to create low-cost apartments on both sides of 42nd Street, as well as retail space and a new home for Kids Dance Outreach.
State considers adding LEAP districts beyond Lebanon
Officials are eyeing a few commercial and industrial parks they believe could benefit from the model that puts the state in charge of acquiring land and master-planning a site.
Hogsett administration seeking new redevelopment proposals for Old City Hall
The city’s Department of Metropolitan Development is asking developers to pay at least $2.34 million for the 113-year-old building at 202 N. Alabama St., which was the seat of city government until the City-County Building was completed in 1962.