Commission unanimously approves $18M bailout for Gold Building developers
IBJ reported earlier this week that the developers faced foreclosure on the Gold Building and its two adjacent properties without the loan.
Development/Redevelopment
Articles
Henke Development proposes community with 360 homes in Zionsville
If approved, Maple Lane Club of Bradley Ridge would be Henke Development’s fourth major residential project in Zionsville.
Eli Lilly to build $5B plant in Virginia—first of 4 U.S. sites to be named this year
Indianapolis-based Lilly said the new plant would create more than 650 jobs in Virginia for engineers, scientists, operations personnel and lab technicians, as well as 1,800 construction jobs.
Company pursuing small-scale data center in Martindale-Brightwood
The project is proposed for a 13-acre parcel east of Brightwood Plaza that was home to the now-demolished Sherman Drive-In from 1965 to 1983.
City to consider $18M bailout loan to keep delayed Gold Building redevelopment afloat
The Gold Building conversion at 151 N. Delaware St. is expected to replace 400,000 square feet of office space with more than 350 apartments and nearly 8,000 square feet of ground-floor retail.
Electric grids under pressure from energy-hungry data centers changing strategy
With the explosive growth of Big Tech’s data centers threatening to overload U.S. electricity grids, policymakers are taking a hard look at a tough-love solution: bumping the energy-hungry centers off grids during power emergencies.
What to know about Google’s proposed billion-dollar data center project
With the City-County Council approaching a Sept. 22 public hearing over the 467-acre project, IBJ looked into many of the questions being asked about the controversial development.
Morgan County prepares for billion-dollar data center project from still-anonymous developer
Since the start of the year, Morgan County officials have rezoned nearly 400 acres of farmland for light industrial use and approved a series of tax abatements to make way for the project.
Arts Council, firm redeveloping Circle Centre considering next steps for Artsgarden
Among the options on the table are renovating the 30-year-old elevated event venue, rebuilding it or even relocating it to another intersection downtown.
Crane bay structure at former GM stamping plant site under demolition, plans for event pavilion scrapped
Retention of the crane bay structure had long been considered an integral part of the stamping plant redevelopment by neighbors and city leaders.
Four years after first proposed, Monon 30 has one building open
Four years after the project was first proposed, the group is still submitting and altering plans for the rest of the project on several former industrial properties along the Monon Trail.
Work underway on $78M performance facility for Indiana Fever
Indiana Fever and city officials took part in a formal groundbreaking ceremony for the 108,000-square-foot downtown development Thursday morning.
Historic commission withholds vote on $80M Bottleworks office building
Citing concerns about traffic flow and visibility of a parking garage, the Indianapolis Historic Preservation Commission tabled its decision on the building’s designs until at least October.
Downtown building owners plan $30M apartment, parking garage project
The proposal calls for demolition of the 21 Virginia Ave. building—formerly home to the 500 Festival organization—and replacing it with a nine-story building.
Health district takes shape ahead of IU Health hospital completion
The recently established Indy Health District is dedicated to reducing health inequity across Indianapolis. It stretches from St. Clair Street north to 38th Street, encompassing 1,500 acres.
Indiana energy secretary highlights ‘regional approaches,’ conservation priorities at water summit
Indiana Secretary of Energy and Natural Resources Suzanne Jaworowski told attendees at the annual Indiana Water Summit on Thursday that a pending statewide water plan must be “transparent, data-driven and developed collaboratively.”
Developer updates plan for 300-plus houses on east side of Noblesville
Boomerang Development LLC previously introduced plans for 124-acre Parks at Crossroads in May, but councilors had concerns about the project.
Westfield set to unveil master plan for downtown next month
The plan, being developed through a partnership between the city and a to-be-identified urban planner, is expected to be made public in the coming weeks, Mayor Scott Willis said Wednesday during an IBJ real estate event.
City commission gives initial OK to Google’s billion-dollar data center plan
The tech giant’s plan to develop the massive data center in Franklin Township was bolstered by a city commission’s vote Wednesday to grant preliminary approval to the company’s request to rezone nearly 470 acres for the project.
BWI affordable housing project gets initial incentive OK despite problems with previous phase
A developer under criticism for previous work on an affordable housing project on the near-northwest side of Indianapolis has received initial city approval for financing help on the development’s next phase, but with several new requirements.