Conversion of downtown’s King Cole building into hotel set to resume
Historians have extended an expired certificate of appropriateness for the long-delayed redevelopment of the historic office building just south of Monument Circle.
Development/Redevelopment
Articles
City keeping redevelopment options open for remainder of Jail I site
Regardless of who ultimately develops the 1-acre eastern half of the city-owned Jail I site at 40 S. Alabama St., city officials view it as “incredibly important” that the project support further development on the east side of downtown.
Lennar Homes receives OK for Carmel development after big changes
Members of the Carmel City Council voted 9-0 to approve the 16-acre Towne 146 Planned Unit Development plan.
Henke planning 1,110-acre residential development in Noblesville
Gatewood Lakes would be developed north of Noblesville’s Innovation Mile business and technology hub and east of Ruoff Music Center.
Westfield sees potential for business with South Korean companies, starting with hotel
Westfield officials hope a proposed $50 million hotel by South Korean-based Lotte Hotels & Resorts could provide an opening for more business with the country. City officials are planning an economic development trip to Asia in March to explore the possibilities.
Developer considering apartments at Irvington Plaza, but community leaders want ‘clarity’ on plans
California-based Tallen Capital Partners LLC, which has the property in the 6200 block of East Washington Street under contract for an undisclosed price, hopes to rezone nearly 7 acres for mixed-use development.
IBJ Podcast: The latest on downtown soccer stadium, $78M Fever facility and Simon hotel/concert venue
The Indiana Fever Sports Performance Center has joined the roster of projects announced for the southeast quadrant of the Mile Square, which includes the prospective site of a Major League Soccer stadium.
Lennar seeks to build active-adult subdivision with 360 houses in rural Whitestown
Plans call for Cardinal Estates to be built on 170 acres south of the Golf Club of Indiana.
Developer’s plan for 430-plus homes in rural Zionsville faces opposition
The Reserve at Union Woodlands would cost about $250 million to develop and take up to seven years to build.
Downtown hotel to debut in historic building after 6-year overhaul
IBJ first reported on plans for the project in August 2018, when Columbus, Indiana-based firm Everwood Hospitality Partners said it would spend $15 million to transform the vacant 133-year-old property.
Fever to get new $78M practice, training complex at former downtown jail property
Pacers Sports & Entertainment plans to build a dedicated training complex for the Fever with two regulation-size basketball courts, a full-service kitchen, a private outdoor courtyard and a spa-style retreat space.
Purdue unveils first plans for $187M Academic Success Building in Indianapolis
Purdue University’s new multi-use building planned for the northwest corner of Michigan and West streets in Indianapolis is expected to rise 15 stories and open in 2027.
King Jugg Brewing set to redevelop former Noblesville dry cleaning property
The local brewing company plans to spend at least $4 million to renovate the existing structure, committing to an adaptive reuse of the property as part of an agreement with the city.
Council committee OKs $2.3M in TIF bonds for two apartment projects
A pair of apartment projects on Dr. Martin Luther King Jr. Street near the under-construction Indiana University Health hospital campus received initial approval for tax-increment financing bonds Monday evening.
IBJ Podcast: Inside the mind of a rising Indy apartment developer
After five years with Indianapolis-based Birge & Held, Jarod Brown decided he wanted a business with his name on the door. For his HQ, he bought the former Broad Ripple Library.
Most of remaining catacombs will be exposed as part of City Market plaza overhaul
The $15 million project, a collaboration between the city and Indianapolis developers Gershman Partners and Citimark, is tentatively expected to daylight about 13,500 square feet of the catacombs on the southern portion of the plaza.
City, developers unveil plans for City Market’s western plaza
Gershman Partners and Citimark plan to collaborate on the overhaul with the City of Indianapolis, which will spend about $15 million to improve the Indianapolis City Market’s western plaza with green space, outdoor seating and an indoor-outdoor cultural exhibit centered on the underlying Indianapolis Catacombs.
Deal between Carmel, Hamilton County could accelerate Clay Terrace redevelopment
Members of the Carmel City Council on Monday night voted 9-0 to approve an interlocal agreement between the city and county that could spur development of a vacant area on the southeast side of the Clay Terrace outdoor shopping center.
Simon-backed group buys key parcel at potential MLS stadium site
The parcel, a parking lot of just six-tenths of an acre, was sold for $1.59 million by electric company AES Indiana.
IBJ’s biggest real estate development stories of 2024
IBJ has reported extensively on numerous projects throughout this year in the core of Indianapolis and across the area—some that made significant progress and others that ground to a halt.