Designs unveiled for Hotel Nickel Plate in Fishers
The five-story, 116-unit Hotel Nickel Plate, part of Hilton’s high-end Tapestry Collection brand, will be built in Fishers’ Nickel Plate District.
Development/Redevelopment
Articles
Ball State kicks off plans to revitalize Village district, build performance venue
The university hopes to bolster the declining business-and-culture district by creating a center for theater and dance and green-lighting an Ohio firm to develop a hotel, apartments, retail spots, and spaces for office and research work.
Luxury apartments to open soon in former AT&T building
A local developer’s $80 million conversion of a 20-story office building into luxury apartments is the largest project of its kind downtown.
Boone County officials have few answers about possible large business development
The Indiana Economic Development Corp. recently approached Boone County officials about the possible development of land northwest of Lebanon for a big business project, but officials aren’t sharing much information.
‘Everything is on the table’ as IPS addresses enrollment decline, too many schools
The fiscal pressures raise the question of whether district leaders will consider closing schools—an option used recently to address a shrinking enrollment of secondary grades.
Indy competes for $75M to remake brownfields for food processing, manufacturing
A coalition of city-county government and local community groups this week completed a final round of applications for a federal grant of up to $75 million, that could total $90 million with a required local match.
City ponders coordinating redevelopment of multiple downtown sites
Roughly 17-1/2 acres of city-owned property in various stages of the redevelopment process have developers chomping at the bit to make their mark on the city’s skyline.
Ambrose expanding Mount Comfort logistics park with new building
Plans call for the $60 million Building V to be 753,000 square feet, expandable up to 1.1 million square feet. It is expected to be completed in November and suited for distribution, light manufacturing and assembly.
Cummins awards more than $1M to boost Martindale-Brightwood neighborhood
The grant will be used to fund mortgages to low-income residents who are buying one of 12 newly-constructed homes that are being built on previously-vacant properties in the neighborhood.
Developer planning 47-acre business park for autosports by Brownsburg raceway
Indianapolis-based Garmong Development expects Commerce Park at Brownsburg Raceway to attract more than $100 million in investment related to manufacturing and research and development for the autosports industry.
IBJ Podcast: Stephen Goldsmith talks Circle Centre revamp, equity in workforce development
Host Mason King talks with Goldsmith about how the city and the mall owners should think about what’s next. And they discuss Goldsmith’s new book on one of the business world’s biggest problems, “Growing Fairly: How to Build Opportunity and Equity in Workforce Development.”
City weighing nearly $25M in TIF bonds for Stutz renovation, 16 Tech apartments
The City-County Council on Monday saw the introduction of proposals to award developer-backed tax-increment financing bonds for a $60.8 million apartment development at the 16 Tech Innovation District, along with the $53 million redevelopment of the historic Stutz Motor Car Co. factory.
City seeks new uses for old jail buildings downtown
Indianapolis hopes to spur development with a request for development proposals for historic buildings at 752 E. Market St. and 730 E. Washington St.
Kittle to develop $54M workforce-housing project in fast-growing Whitestown
To help support blue-collar workers, Meadows on Main will be income-restricted and serve individuals and families generally making 40% to 70% of the area’s median income.
City pushes for more affordable housing in trio of development requests
The Department of Metropolitan Development is calling for proposals for vacant, city-owned sites in Martindale-Brightwood, in the Sherman Park area and on the near-west side of Indianapolis.
Elanco eyes early 2022 groundbreaking for stamping plant HQ project
Elanco Animal Health Inc. officials say they expect to break ground on the company’s new $100 million headquarters just west of downtown Indianapolis in early 2022 after fine-tuning plans for the project with city and state officials.
Local firms set to redevelop former Kroger store in Broad Ripple
Gershman Partners and Citimark plan to raze the grocery to make way for a new mixed-use project, though plans for the development are still in the works.
Under-the-radar developer poised to redefine Lafayette Square neighborhood
Fabio de la Cruz has a plan to transform Lafayette Square Mall and several adjacent properties into a multicultural hub, including a concert center, movie theater, hotel and multifamily housing.
Trio of industrial buildings planned near Ruoff Music Center
A Carmel-based development firm plans to spend $70 million or more to turn agricultural fields in Noblesville into the site of three industrial buildings called Saxony Industrial Center.
Fast-growing Sweetgreen, ‘the Starbucks of salads,’ to debut in Indiana with north-side restaurant
The national fast-casual salad chain is in expansion mode as it prepares to become a public company. Filings with the state show that it’s also considering a downtown Indianapolis location.