Developer puts Mass Ave office building across from Bottleworks under contract
Indianapolis-based Landmark Properties plans to buy the five-story Center Township Trustee’s building, with an eye toward office and first-floor retail uses.
Development/Redevelopment
Articles
Shimmering hotel, office center planned along downtown’s Canal Walk
Featuring an exterior of clear and light-colored glass, the building would replace the current headquarters of the American College of Sports Medicine while giving the group a new home.
Potential transformation of City Market could cost up to $35M, report says
City officials will present the results of the 209-page report on potential options for redevelopment at a City Market board meeting Thursday, along with concrete plans for $5 million in maintenance and basic improvements.
Here’s a peek at downtown’s newest hotel before it opens in October
The $35 million boutique hotel at 141 E. Washington St., at the corner of Delaware Street, will open in a remodeled 60,000-square-foot building that was constructed in 1969 for State Life Insurance Co. and was the home of local law firm Riley Bennett & Egloff from 2003 to 2019.
Fishers District retail area, apartments sold to Chicago firm in ‘landmark’ deal
Developer Thompson Thrift, which began planning the $110 million development in 2015, sold the property in a deal that brokers said “attracted nationwide investor interest and achieved record-breaking pricing.”
Hyde Park marks pivot in Noblesville approach
Noblesville-based Bedrock Builders Inc. is embarking on a $142 million, 274-acre, master-planned, multi-use development smack in the middle of the city’s Corporate Campus.
Henke Development plans expansive clubhouse for Zionsville’s Holliday Farms community
Westfield-based Henke Development Group had its development plan for a nearly 79,000-square-foot clubhouse featuring a slew of golf- and non-golf-related amenities approved this week by the Zionsville Plan Commission.
Noblesville planning 200-acre innovation district on city’s southeast side
Innovation Mile, as it would be called, aims to bring medical technology, life science innovation, wholesale trade, professional and technical services companies to Noblesville by offering shovel-ready sites and shared amenities.
Republic Airways outlines plan for $200M training facility, corporate HQ project in Carmel
The $200 million headquarters development plan by Indianapolis-based Republic Airways Holdings Inc. and Kite Realty Group Trust would result in Republic becoming the largest employer in Carmel.
Health care real estate firm Cornerstone forms joint venture with KKR
Indianapolis-based Cornerstone Cos. Inc. said it teamed with the New York City-based global investment giant to acquire and develop more than $1 billion in real estate assets over the next few years. The deal includes the recapitalization of 25 Cornerstone properties.
Basic updates for repurposing of City-County Building would cost more than $35M
City officials on Monday released a long-anticipated request for developers to submit ideas for reuse of the 28-story Indianapolis City-County Building, along with studies that show it would take more than $35 million in basic upgrades to repurpose the structure.
Affordable housing group eyeing expansion
A recent change in leadership at Carmel-based Merchants Affordable Housing Corp. has turned the not-for-profit’s attention to creating more units, both near and far from home.
Golf venue swings into area across White River from downtown
Back 9 will feature a three-story building with 75 golf bays, a 350-person music pavilion, and a handful of bars and restaurant spaces, as well as meeting areas and a game area.
New Stutz factory owners planning $60M redevelopment
Plans call for the updated Stutz, purchased earlier this year by New York-based SomeraRoad Inc., to feature new event areas, co-working space, more retail and restaurant offerings, new outdoor spaces and an updated facade.
Shapiro hotel project rebrands to Residence Inn, adds to development team
Plans for a new hotel across from Shapiro’s Delicatessen in downtown Indianapolis are moving forward after a year-long delay caused by the pandemic—now with a new name and a more experienced development team.
Westfield City Council approves $16.7M bond for new library
Plans call for the 45,000-square-foot library to be built on 3.6 acres at Westfield Boulevard and Park Street in downtown Westfield.
New zoning encourages dense housing near bus lines
Earlier this month, the Democrat-controlled City-County Council voted 20-5 for new development standards that add residential and mixed-use districts to push bus usage, walkability and density county-wide.
Big Car behind on Garfield Park revitalization, but confident it will finish
The centerpiece of the project—transforming a 40,000-square-foot former factory into an arts and cultural space—has not begun, but home renovations and greenspace development are underway.
Center Township Trustee seeking $4M for Mass Ave building in strangely quiet bid process
The trustee’s office issued a request for bids for the five-story building in one of downtown’s most attractive locations, but several developers and key players in the area told IBJ they weren’t aware the property was available.
Across from Bottleworks, contractor planning kindred project in Jungclaus campus
The owner of several buildings across Massachusetts Avenue from Bottleworks plans to redevelop the property in a similar but limited fashion with courtyards, residential units and new office and retail space.