IndyCar driver Graham Rahal reaches agreement to move HQ to Zionsville
Rahal plans to invest $15 million to $20 million on the project and bring 80 to 100 high-tech jobs to Zionsville.
Development/Redevelopment
Articles
Lennar Homes planning 53 townhouses at Fishers Marketplace
The three-story townhouses at Marketplace Towns would range from 1,700 to 2,200 square feet with an average cost of $400,000.
Stutz completes 12-tenant roster for first floor of former factory
SomeraRoad Inc. unveiled on Friday a lineup of 12 tenants for seven Stutz buildings that occupy an entire city block. Among the new tenants: a taco shop founded by Milktooth chefs and a bar managed by Sahm Hospitality Group.
Proposed developments could mean more than 150 new homes in Carmel
Indianapolis-based Onyx+East LLC, Carmel-based Pittman Partners Inc. and Carmel-based Estridge Development Management LLC are proposing new neighborhoods in Carmel.
Developers propose $35M luxury condo project in downtown Fishers
The Rev would include 36 condominiums ranging from $600,000 to $1 million, 23,000-square-feet of commercial and office space, and a parking garage.
Seven apartment buildings planned for Riverplace project at 96th and Allisonville
Plans call for the apartments to be constructed at the northwest corner of 96th Street and Allisonville Road as part of a larger, $96 million development.
Developer plans single-family homes, townhouses near downtown Westfield
Plans call for the Springwater development to have 90 residences that will include 32 townhouses, 25 traditional single-family homes and 33 large single-family homes.
$120M project from Elevator Hill developer picked for Jail II property
The firm leading ambitious redevelopment plans for the former Angie’s List campus on the east side of downtown—now known as Elevator Hill—is the city’s pick to take on the former Jail II and Arrestee Processing Center right next door.
Kite expects to secure financing for Pan Am Plaza project by end of year
Kite Realty Group Trust and Capital Improvement Board of Marion County officials said they’re on track to meet a deadline to finish all pre-construction and financing work by the end of 2022. They also released new images for the proposed development.
Developer Bob Borns, who renovated Union Station in 1980s, dies at 86
Borns, a consummate salesman and outspoken advocate for Indianapolis, built his first project in the 1960s and by the 1980s was developing high-profile downtown projects.
Fishers prepares for City Hall demolition, new complex
Municipal employees will leave City Hall on Friday for the final time. The 31-year-old building will be demolished this fall so construction can begin on the $22.8 million Fishers Arts & Municipal Complex.
1933 Lounge planned for new Carmel Arts & Design District development
The project would include a 43,000-square-foot, three-story mixed-use building at the intersection of South Rangeline Road and 1st Avenue Southeast.
Developers plan $29M second phase of Proscenium in Carmel
The new phase would include 48 rental units and seven penthouse condominiums, 16,000 square feet of ground-floor space for restaurant and office uses, and a 120-vehicle multi-level parking garage.
IU Health reevaluating scope of $2.68B downtown hospital campus
The Indianapolis-based hospital system said in financial filing Thursday that the review comes in light of higher-than expected patient demand during the pandemic, inflation and sustainability goals.
Lafayette Square’s new owner points to $50M in upgrades so far
Owner Fabio de la Cruz said said the investment is only the start of what’s expected to be at least a $200 million project through his firm Sojos Capital LLC.
Boone County looks to create PUD ordinance in area planned for high-tech district
The county commissioners believe a planned unit development is the best way to protect the interests of Boone County residents, particularly those who live in unincorporated areas of the county.
Lebanon City Council approves annexation of property for high-tech development
Nearly three dozen individuals and companies who own more than 1,400 acres over 56 parcels submitted petitions last month to have their properties added to the city of Lebanon.
State plans new I-65 exit near Boone County’s innovation district
INDOT wants to build an interchange at West County Road 300 North that would serve the planned 7,000-acre LEAP Innovation and Research District.
Keystone Group acquires two industrial buildings in downtown Carmel
The buildings are south of The Center for the Performing Arts on a 5.4-acre property at the northeast corner of Gradle Drive and 3rd Avenue Southwest.
IBJ Podcast: What lies beneath downtown’s Diamond Chain site?
Of course, there are the usual concerns about environmental impacts that come with any industrial site. But this particular spot—now earmarked for the Indy Eleven’s 20,000-seat stadium—was also the city’s first burial ground.