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.
Development/Redevelopment
Articles
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.
Incentives for multifamily project approved by council committee
The development, called 1202, would feature 105 units on a 1.1-acre parcel on the near-south side, with at least one-fifth of the units reserved for individuals making up to 80% of the area’s median income.
Parks department plans to buy Broad Ripple community center after construction
Indy Parks said Tuesday that it expects to spend more than $20 million to acquire the 40,000-square-foot facility and avoid shelling out nearly $1 million per year as part of a long-term lease agreement.
Council approves $135M in tax-increment financing bonds for Elanco project
The tax-increment financing bonds will be used to pave the way for Elanco Animal Health Inc. to build its new headquarters on the former General Motors stamping plant property west of downtown.
Downtown heliport’s exit could clear way for redevelopment
The Indianapolis Airport Authority on June 18 agreed to work with city officials to find a new use for the 4.9-acre property at 51 S. New Jersey St.
Greenwood mayor unveils latest designs for new sports complex
Greenwood Mayor Mark Myers touted the city’s economic development and unveiled renderings for the 40-acre sports complex at his State of the City address.
NinjaZone operator returning to Grand Park with new athletics facility
The company behind NinjaZone and Wright’s Gymnastics is set to build a 37,000-square-foot gymnastics, dance, preschool and athletics facility in Westfield’s Grand Park Sports Campus.
Carmel council agrees to fund $11.5M garage with income tax distributions
The amount dedicated to building a 296-space, three-story parking garage servicing the city’s new police station and other adjacent users has grown from $8 million to a projected $11.5 million.
Speedway considering legal options for stalled Wilshaw project
The town of Speedway is considering legal action against the developer of the long-delayed Wilshaw hotel project, after the company declined its requests to provide a public update Monday night on the development’s status.
BJ’s Wholesale Club planning first Indiana store on area’s north side
Based in Westborough, Massachusetts, BJ’s is the third-largest warehouse club chain in the country. It operates 221 warehouse-style stores in 17 states.
Fishers Council OKs $21M incentive package for Stevanato’s planned $145M facility
The project agreement offers Italy-based Stevanato Group a 15-year tax abatement, a $2.4 million commercial property grant and nearly 36 acres the city plans to buy at 126th Street and Cumberland Road.
Fishers to consider $27M in bonds for land acquisitions, life sciences park
Much of the money is earmarked to acquire a 75-acre property for a life sciences business park that will be anchored by Stevanato Group’s planned $145 million pharmaceutical manufacturing facility.