Haughville pursuing vision to make Belmont Beach permanent park
Community leaders and volunteers are working to turn a site that was once a swimming hole on the White River for Black Indianapolis residents into a year-round destination.
Development/Redevelopment
Articles
Swayzee Loinz planning string of restaurants, starting in Westfield
The eatery under construction at Spring Mill Station is the first of 15 restaurants that hand-breaded tenderloin maker Swayzee Loinz plans to open in Indiana over the next five years.
Developer set to spend $51M on apartments, townhouses at Central State site
An Ohio-based firm plans to seek tax credits in its effort to develop dozens of apartments and townhouses on a seven-acre tract of land on the western edge of the Central State Hospital campus in Indianapolis.
City-County Council approves bonds for $510M convention center hotel
The vote was a crucial step in advancing the development of an 814-room Signia by Hilton hotel on Pan Am Plaza. The measure allows the city to take out up to $625 million in municipal bonds for the project.
Zionsville Town Council OKs rezoning for 260-acre Wild Air development
Plans for the Wild Air development call for 399 single-family houses and townhouses, as well as 300 apartments.
New tenants bring new energy to historic Stutz complex
Known as the Stutz Business and Art Center from the 1990s until real estate developer Turner Woodard sold his majority stake in 2021, the complex is entering a new era by offering dining, shopping and personal fitness.
State slots $89M for 5,000-seat arena at IU Indy
Amid the ongoing restructuring of IUPUI—both its leadership and its future as a campus solely within the Indiana University system—state and local officials are in the early stages of a project that could have big implications for downtown: an on-campus arena.
Keystone holds groundbreaking ceremony for $1B Eleven Park development
The project is set to occupy the 20-acre Diamond Chain manufacturing site along Kentucky Avenue, just blocks from Lucas Oil Stadium, with some portions—including the stadium—set to be completed by summer 2025.
Real estate developer plans to move HQ from Indy to Zionsville
Indianapolis-based Kendall Property Group plans to spend up to $6 million on a new building at Creekside Corporate Park.
What happened to Infosys’ big plans for Indianapolis?
The India-based tech giant broke ground 4-1/2 years ago on what it said would eventually be a $245 million, 141-acre campus. Today, Infosys appears far from achieving that vision—and it’s unclear when, or if, it ever will.
Council committee advances plans for city-owned $510M Pan Am Plaza hotel
Representatives for Indianapolis Mayor Joe Hogsett said a feasibility study is expected to be completed before a full City-County Council vote set for June 5.
City looks to spend $54M to purchase Pan Am Plaza, move hotel project forward
Control of the Pan Am Plaza site would allow the city to move forward with its plans to redevelop the property with the 40-story Signia by Hilton hotel.
Developer breaks ground on 30-acre senior living community in Noblesville
Plans call for Promenade Trails to include 151 apartments and 59 for-rent cottages for people ages 55 and older. The first cottage residents are expected to begin moving in later this year.
Morgan County moving ahead with $72M court campus
Morgan County officials say the existing courthouse, built in 1857, lacks sufficient space for court employees, including prosecutor and probation offices, which are located off-site.
Groundbreaking set for Broad Ripple mixed-use project
Known as Versa, the project will include more than 230 apartments, a 245-space parking garage, and 3,600 square feet of ground-floor retail space.
Local logistics firm Draco moves some operations to Mount Comfort building
Developer Ambrose Property Group began construction on the $60 million facility, known as Mount Comfort Logistics Center Building V, in March 2022.
Officials hear more calls for deeper look into possible Black graves at bridge project
Architectural representatives at Tuesday’s meeting about the planned Henry Street bridge also presented the preferred design for the project, dubbed “Circle City Gateway.”
TIF district could spur more development near emerging hospital campus
The city is trying to capitalize on construction of Indiana University’s $4.3 billion Methodist Hospital complex and other projects underway or in development on the north side of downtown.
4 years into incentives plan for developers, community-building programs emerging
Indianapolis developers receiving tax abatements have committed to providing nearly $5 million to help struggling middle- and low-income families gain access to economic opportunities and become more upwardly mobile.
City to take over financing of $510M hotel at Pan Am Plaza
Hogsett administration officials said the move was necessary to save the project after Kite Realty Group told the city it couldn’t secure suitable financing for a planned 814-room Signia by Hilton hotel.