City reveals new taxing district map for proposed MLS stadium
The map specifies more than 120 non-contiguous addresses throughout downtown that would be incorporated into a new professional sports development area, or PSDA.
Development/Redevelopment
Articles
Hogsett’s plan to win MLS franchise faces city-level legislative hurdles
Following the mayor’s announcement, some Indianapolis councilors expressed apprehension about abandoning a soccer stadium already in the works. But the council’s majority Democratic leaders have not weighed in.
Keystone says city is backing out of Eleven Park deal as mayor plans ‘significant’ announcement
City officials did not immediately respond to a request for comment about Keystone’s statement. But the Mayor’s Office announced that at 5:30 p.m., Hogsett would make a “significant announcement about the future of sports in Indianapolis.”
Development emerges slowly at Indy’s justice campus
City and neighborhood leaders have expressed hopes that the opening of the campus would spur redevelopment in Twin Aire, but change hasn’t been fast to take root.
Hendricks closes on $85M purchase of Circle Centre Mall
Hendricks Commercial Properties—the developer of the Bottleworks District—plans to spend at least $600 million to convert the nearly 30-year-old mall into an open air, pedestrian-focused retail, office and residential district.
Westfield City Council approves NorthPoint II business park project
The proposed 180-acre business park, which has been a priority for Westfield Mayor Scott Willis, received final approval Monday night after about four years of debate and negotiations.
Six-story apartment building planned on site across from Lucas Oil Stadium
Indianapolis-based TWG says it has all four of the parcels comprising the site under contract, pending city approval to rezone them from the current I-2 industrial classification to a more apartment-friendly designation.
Central Indiana nabs $45 million in READI 2.0 funds
Dozens of projects will be considered for funding, including housing and placemaking projects in Bargersville, McCordsville and Martinsville; an amphitheater in Anderson; the Innovation Mile in Noblesville; and the redevelopment of Circle Centre Mall in downtown Indianapolis.
Zionsville mayor prepares pitch for big development
John Stehr is planning a public outreach tour throughout Zionsville to explain his plan for a 160-acre, $250 million development south of the town’s quaint, historic downtown.
City-County Council delays housing project vote after complaints against developer
Councilors plan to take a closer look at a proposal after criticism was made against the developer. The Indianapolis-based company has been accused of mismanaging three west-side apartment properties—allegations that it denies.
Hendricks’ growing reputation led to Circle Centre opportunity
Hendricks Commercial Properties has spent more than $550 million to acquire and redevelop properties across Indianapolis and Carmel since 2013. But the Wisconsin-based firm says it’s just getting started with work it hopes to do here.
Local developers plan 12-story, $100M project along Indiana Avenue
The 1.46-acre project is expected to consist of 262 apartments, a four-story interior parking garage with 323 spaces and nearly 35,500 square feet of retail, office and amenity space.
West Fork inks partnership with homebuilder to expand Westfield campus
The West Fork District plan calls for as many as 150 townhomes, along with a whiskey-aging warehouse, a pond, an outdoor concert venue, dog park and various other neighborhood amenities, as well as future commercial development.
Zionsville plans 160-acre, $250M development south of historic village
Initial plans for the South Village include about 250 residential units; 500,000 square feet of office space, retail, dining and public plazas; and parks and nature trails.
Much of Pan Am block being demolished to make way for convention center expansion, 40-story hotel
The structures and public spaces being erased from the site include the former Pavilion at Pan Am event center at 201 S. Capitol Ave. and the Pan American Plaza, making way for vertical construction later this spring.
Developer unveils updated plan for $300M Gramercy project in Carmel
A Buckingham Properties official told members of the Carmel City Council on Monday that the new plan would feature nearly 1,000 new residential units, 587 parking spaces, 28,000 square feet of retail and two public plazas.
Former HHGregg HQ campus on market as industrial park, lures new-to-Indiana tenants
Indianapolis-based Citimark has already leased about one-quarter of the old appliance retailer’s home at 4151 E. 96th St.—which it acquired in December 2021 for $14 million—to a pair of companies that will use their spaces for showroom, office and warehousing purposes.
Proposal would put Carmel City Council in control of park impact fees
The funding stream Carmel uses to develop parks has become a source of tension among officials and even the subject of a recently dismissed lawsuit.
Farmers market moving from City Market to Monument Circle in 2024
The Original Farmers’ Market, typically held outside of the City Market on East Market Street, will take place on the southwest quadrant of Monument Circle this year due to the closure of the City Market for a redevelopment project.
Kroger Marketplace store, 98 homes planned on southern edge of Noblesville
Plans call for the Star Brick Village retail and residential development to be built on 72 acres along East 146th Street, just north of Fishers.