Glut of development creates challenges in finding subcontractors
While contractors have so far been able to keep up, the strain could get worse next year and beyond.
Development/Redevelopment
Articles
Why Lilly is pouring billions into LEAP
In recent years, the pharmaceutical manufacturer has seen dizzying growth in its pipeline for a wide range of diseases. And modes of drug delivery are becoming increasingly complex.
Q&A: Carmel native builds company by building community
How has Old Town Design Group consistently grown in spite of real estate market disruptions? And what is its plan for the future? Co-founder Justin Moffett addressed those and other questions.
Goals unmet, Infosys tight-lipped about future of campus
The company’s west-side, three-story, 160,000-square-foot building near Indianapolis International Airport, is more eye-catching than the airport parking lot that previously occupied that spot. But Infosys isn’t talking about what it is or isn’t doing at the site.
South Korea-based hotel firm planning high-end hotel with 215 rooms in Westfield
Plans call for the 215-room L7 Westfield hotel to be built on 6.5 acres in the Lantern Commons development near the intersection of U.S. 31 and 161st Street.
City commission approves abatement for Angi building apartment conversion
Plans for the 180-apartment project also call for an entertainment commercial tenant for 18,000 square feet on the second floor and a white box retail space on the west side of the first floor.
Luxury apartment complex at Westfield’s Chatham Hills nears completion
Missouri-based Mia Rose Holdings is developing the 250-unit The James at Chatham Hills on 21 acres in Westfield, marking the company’s entry into central Indiana.
Lilly to invest another $4.5B in Lebanon site for new ‘medicine foundry’
The new funding, for an advanced manufacturing and drug development center, will bring the Indianapolis-based drugmaker’s total investment in the Boone County site to more than $13 billion.
Holladay Properties plans $21.4M conversion of downtown Angi building
The South Bend-based developer plans to convert the 12-story Angi Inc. headquarters on East Washington Street in downtown Indianapolis into a 180-unit apartment building.
Methodist Hospital to come tumbling down after IU Health opens new hospital
When the hospital opened its doors in 1908, Theodore Roosevelt was in the White House. It is being replaced by a $4.3 billion hospital project directly to the south.
IPS seeking new suitors for John Marshall High School after city withdraws
The Department of Metropolitan Development quietly withdrew its offer to buy the building over the summer after determining needed improvements would make make the project a larger—and more expensive—challenge than anticipated.
Madison Avenue to undergo three-phase, $47M ‘road diet’
Plans call for the removal of two vehicular lanes and the addition of new pedestrian and cyclist space.
Developer planning 186-home community next to golf course in Westfield
Carmel-based Old Town Cos. is looking to build the residential development in Westfield adjacent to Wood Wind Golf Club, which the city plans to purchase and turn into a municipal golf course.
Noblesville to build police station at former Firestone factory site
The new station for the Noblesville Police Department will be constructed at 1700 Division St., where a Firestone Tire and Rubber Co. used to operate for more than seven decades.
Lafayette Square Mall owner says revamp moving forward, fleshes out plans for apartments
The developer behind the planned revamp of Lafayette Square Mall expects to break ground on the project’s first apartment building early next year and open a 14-screen movie theater as early as next month.
Surack buys downtown Indy hotel to put damper on Hogsett’s plans for heliport
Billionaire Chuck Surack’s real estate purchases are intended to discourage Mayor Joe Hogsett’s administration from disposing of the Indianapolis Downtown Heliport so the property could be used to build a soccer stadium.
Lennar planning two southeast-side subdivisions with 355 homes
The Franklin Township projects, Eagle Creek and Crescent Ridge, will collectively occupy nearly 200 acres.
Scannell planning to recast airfield on east side as part of 1.5M-square-foot industrial park
The project, tentatively named the Post Road Airport Business Park, would consist of 10 buildings across more than 138 acres, ranging from just 40,000 square feet to nearly 300,000 square feet.
Plans to replace downtown CSX building with hotel, concert hall given go-ahead by historic commission
The $312 million project from Boxcar Development LLC, a holding company for the Herb Simon family, was unanimously approved by the Indianapolis Historic Preservation Commission after about a half-hour of presentation and discussion.
Indianapolis to begin work on $43M Henry Street Bridge project next week
The bridge is part of a state-local partnership to develop a major business park on the west side of the White River, an effort that has been complicated by the planned excavation of human remains from a historic cemetery on the east side.