$33 million mixed-use project to remake Fishers
Fishers officials are finalizing a deal with a local developer for a mixed-use project that would launch a long-awaited transformation of the town’s suburban core.
Development/Redevelopment
Articles
City bans bulk land-bank sales after lopsided deal with not-for-profit
Indianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors more than $1 million. (with interactive map)
LA Fitness buys site near Washington Square, boosting area
LA Fitness plans to build a gym on the former home of a Loews movie theater adjacent to Washington Square Mall in the latest sign of progress for a struggling retail submarket.
Developer gets OK for second phase of apartment project
Trinitas Ventures of West Lafayette plans to break ground next spring on a $20 million student housing project on Indiana Avenue with 214 units. The developer already has built 253 units on the site.
Focal point for Mass Ave project: Huge electronic screen
The most striking feature of a proposed $43-million development along Mass Ave is a Times Square-style electronic screen that would wrap around the building's corner and rise more than three stories.
$43M Mass Ave project to feature 235 apartments, three-story screen
City officials this morning unveiled plans for a $43 million redevelopment of a prime Mass Ave parcel occupied by the Indianapolis Fire Department.
City selects developers for Mass Ave project
City officials have picked the apartment specialist J.C. Hart Co., retail developer Paul Kite Co. and architecture firm Schmidt Associates to redevelop a prime Mass Ave parcel currently occupied by the Indianapolis Fire Department.
Developer secures financing for $9M Irvington project
Developers are one step closer to building a $9 million apartment project to replace a blighted former hotel in Irvington.
Deal clears hurdle to demolish 1920s theater
The St. Joseph County Public Library owns the boarded-up Avon Theater, and library officials want to demolish it and two other vacant buildings to clear room for more parking and a future expansion project.
Milhaus buying site for more downtown apartments
The local developer has agreed to purchase the former Mitchell & Scott industrial complex in the 600 block of College Avenue and is in the process of pulling together a plan for the site.
Keystone Group picked for Butler mixed-use project
The university chose Keystone over Kite Realty Group and Lauth Property Group to build housing, retail and parking worth up to $45 million.
City waterways initiative floats economic development ideas
More than 100 local groups are joining forces to rehabilitate neglected rivers and streams in Marion County in the hope of sparking redevelopment.
Developer targets long-empty College Avenue retail building
Teagen Development Inc. has a purchase agreement for the 6,600-square-foot building at 1101 N. College Ave., rescuing it from an attempt—since withdrawn—to demolish the structure.
Big names competing for Butler project
Butler University is finalizing plans for a mixed-use parking garage project near Clowes Hall that would include neighborhood retail and housing and might cost as much as $45 million.
Senior housing slated for old Lawrence school building
The Whitsett Group plans to invest $6.5 million to convert the building on East 46th Street into 60 senior housing units. The Lawrence Township school district put the structure on the block, and Whitsett submitted the winning bid.
Second-tier office buildings Indianapolis now top-of-mind for buyers
Class B admirers are benefiting from low prices and lending rates, and turning the buildings into apartment and company headquarters.
City lands grant to study reuse of old automotive sites
Federal and local funds will be used in the effort to reposition manufacturing sites abandoned by GM, Ford, Chrysler and Navistar.
New metropolitan development director named
Adam Thies will succeed Maury Plambeck as director of Indianapolis’ Department of Metropolitan Development, effective Oct. 1. Plambeck will lead a program directing the next RebuildIndy investments into city neighborhoods.
TIF expert is adviser to many municipalities
Loren Matthes helped broker first tax-increment financing deal in the state
Virginia Avenue attracts yet another project
Englewood Development has under contract the former Shirley Engraving property at 460 Virginia Ave., where it plans up to 50 apartments, about 5,000 square feet of retail space and an underground parking garage.