Brewpub named best in America coming to Indianapolis
Hammond-based 18th Street Brewery—which was voted the best brewpub in America this year by readers of USA Today—has officially announced plans to open an Indianapolis location.
Development/Redevelopment
Articles
Children’s Museum, city put out incentive-rich RFI for Drake redevelopment
The city’s Department of Metropolitan Development and the Children’s Museum of Indianapolis, which has owned the Drake since 2014, issued a request for information inviting proposals from groups with an interest in redeveloping the property at 3060 N. Meridian St.
Merged not-for-profit group to push redevelopment out to townships
Renew Indianapolis will merge with the King Park Development Corp. on Jan. 1.
Interchange, trail spark development on 106th Street in Fishers
The lion’s share of Fishers’ recent high-intensity development has taken place at East 116th Street and Interstate 69, but a wave of projects is coming together just to the south.
Mattingly Construction plans three-building development in Fishers
The land near Interstate 69 and 106th Street had previously been targeted by Sun King Brewing Co. as a location for a major brewery and tasting room.
White Lodging drops $356M Indiana project after incentives nixed
White Lodging pitched its plan last year for a complex including an event center, four hotels, an office building, condos, restaurants, a craft brewery and a 30,000-square-foot horse-riding arena.
Pharmaceutical developer to purchase Zionsville Road property, create 55 jobs
Nukemed Inc., doing business as SpectronRX, plans to acquire a vacant 68,000 square-foot building at 9550 Zionsville Road, where it will produce lifesaving medicine for children through a partnership with New York-based Y-mAbs Therapeutics.
Judge: City can’t use eminent domain for Waterside during legal fight with Ambrose
The city of Indianapolis was told Wednesday by a judge that it can’t begin eminent domain proceedings on the former GM stamping plant site until its ongoing legal dispute with development firm Ambrose Property Group has been resolved.
Developer plans apartments at Central State for low-income residents, homeless
Chicago-based Mercy Housing and Missouri-based MACO Development Co. plan to build the $25.6 million, 156-unit apartment complex at 3355 Kirkbride Way on the west side of Indianapolis.
Stakeholders consider Lafayette Square redevelopment possibilities
The mall’s proposed sale is considered by industry experts to be welcome news for a lower-income neighborhood trying to make a comeback.
UPDATE: Tech-staffing firm eyes Broad Ripple for new office-apartment HQ complex
Sources said Eight Eleven Group is hoping to build a five-story office building, an adjacent four-story apartment structure and an underground parking garage where 200 to 250 people will be employed.
Timeline: Ambrose and the GM stamping plant site
Hopes were high nearly 2-1/2 years ago, when Ambrose was selected to redevelop the GM stamping plant site. But the deal has since fallen apart. Here’s the play by play.
Ambrose, city likely to spend years in court over GM site development
Negotiations could be difficult, given that both sides have strong arguments, legal experts say.
Plans for permanent stage at White River State Park finally coming to fruition
The project’s $15.75 million second phase is under construction now and will bring a permanent concert venue to the 250-acre park when it’s finished in June.
Owner seeking buyer for Lafayette Square Mall
Lafayette Square Mall is up for sale. And whether the Indianapolis-area’s third largest shopping center remains a retail property or is redeveloped into something else will be determined by the buyer.
Developer plans 68-acre project with $32M space park, bowling alley, go-kart track
A Westfield developer’s plans for 68 acres next to Grand Park include a major planetarium and space science center, laser tag venue, jump park, bowling alley, indoor/outdoor go-kart track and driving school.
Children’s Museum, city join forces to find options to save historic Drake building
The process will give developers an opportunity to introduce ways to preserve the 91-year-old building at 3060 N. Meridian St., which the museum had planned to demolish.
Litz & Eaton co-founder facing three lawsuits, including one from his former partner
Brad Litz, who created Litz & Eaton in 2011 is facing multiple lawsuits from a lender and one form his former partner, John Eaton,
Penske’s IMS deal means hundreds of acres of opportunity, real estate experts say
The acquisition of Hulman & Co. will give Penske Corp. control of about 37% of all the land in Speedway, making the company the town’s single-largest landowner. Roger Penske said he wants to take advantage of that land.
Hotel plan for King Cole Building gets go-ahead from IHPC
The IHPC voted unanimously to green-light construction plans for converting the King Cole building into a hotel, along with a new penthouse on the roof of the 11-story building suited for a restaurant or bar.