MDC approves proposed taxing district for Indy Eleven stadium
The Metropolitan Development Commission’s approval, which came by a 8-0 vote, sends the proposal to the City-County Council, where it will be introduced Nov. 13.
Development/Redevelopment
Articles
City board to consider new taxing district for Eleven Park stadium
The taxing district, known as a professional sports development area, or PSDA, would allow for the collection of various taxes to cover a portion of the cost for the 20,000-seat stadium.
Alamo Drafthouse cinema chain to open first Indiana multiplex near Lafayette Square Mall
Renovations to the former Georgetown 14 Cinema are expected to cost $15 million as part of an operating agreement the dine-in theater chain has reached with building owner Fabio de la Cruz.
Old City Hall development is ‘huge opportunity,’ although designs remain in their infancy
Early plans for the $150 million project, known for now as the “Alabama Redevelopment,” call for a 387-foot glass tower containing 190 apartments, 24 condominiums, 150 hotel rooms and 8,000 square feet of retail and hospitality space.
Construction begins in Noblesville on $39M luxury apartment building for seniors
The project is HighGround’s third age-restricted luxury apartment development in Hamilton County following GrandView, which is under construction in Westfield, and CityView, which is planned in Fishers.
Rapid change on near-north side continues with $45M housing development
The Stella, when completed, will provide 166 new, mixed-income housing units and retail space in the 1800 block of North Meridian Street. A groundbreaking for the project took place Wednesday.
City hires New York firm for fresh perspective on Indiana Avenue redevelopment
City officials have hired an out-of-state firm to create a development plan for the Indiana Avenue corridor, a part of downtown that has seen neighbors push back on recent project proposals.
Developer planning restaurants, fitness center, homes in Westfield
Plans call for TowneRun to include up to 40 two-story attached houses and about 35 courtyard houses aimed at buyers aged 55 and over.
Work on new community center set to start in International District
The nearly 15,000-square-foot building, about two miles south of the new Window to the World project along Lafayette Road, will be called the International District Community Center.
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.
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.
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.”
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.
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
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.