Townhomes planned on former service-station site in Fountain Square
The project is slated for an odd triangular parcel along one of Fountain Square’s main arteries as the neighborhood’s resurgence continues.
Development/Redevelopment
Articles
Local officials mum amid reports Amazon zeroing in on D.C. for HQ2
Amazon is approaching its end-of-year deadline for deciding where it will locate the $5 billion campus, and two national newspapers reported over the weekend that an area in northern Virginia is far along in negotiations.
Brewpub closes after seven-month run in Butler-Tarkington
A brewery and restaurant that hoped to be part of the revitalization of the south end of the Butler-Tarkington neighborhood has closed, citing “unexpected circumstances.”
Former ‘Top Chef’ contestants plan seafood restaurant in old Big Al’s space
The Meridian-Kessler eatery also involves Scotty’s Brewhouse founder Scott Wise. It will join a clothing boutique and a taproom in the former Big Al’s Superstore space.
Taxman Brewing to open restaurant/bar in historic downtown building
It will be the first Indianapolis location for Taxman, which also has operations in Johnson and Hancock counties.
Carmel turning blighted industrial area into sizzling mixed-use corridor
Redevelopment projects are dramatically reshaping several blocks along the Monon Trail in Carmel—and an end to construction isn’t in sight for the Midtown area.
Old Southside targeted for $4M city investment through Lift Indy program
The funds are expected to help the neighborhood and its partners invest in upgrades to the area’s local park and improve the infrastructure of South Meridian Street, as well as build several hundred new units of affordable housing.
Developer to revamp 50-year-old, south-side apartment complex
Birge & Held plans to rehabilitate the 304-unit community and target low- and moderate-income renters, who face a shortage of affordable housing.
Developer pulls trigger on $50M logistics project near I-65
The new owner of the site is bullish enough on the Indianapolis market to start development of the 1 million-square-foot building without having a user signed for the space.
Developer plans 146-unit apartment project in heart of Broad Ripple
A developer is seeking zoning changes and development variances from the city that would allow it to build a high-density, five-story apartment complex on a half-block near the Vogue nightclub.
Think tank Sagamore Institute promotes ‘impact investing’
Commonwealth Indiana aims to create both economic and social returns for investors.
Recycling company plans $6.5M warehouse redevelopment in Irvington
A Quincy, Illinois-based company has acquired a warehouse on the east side of Indianapolis and plans to transform it into an 81,000-square-foot recycling facility.
Airport board approves $21.4M land sale for Infosys campus
The airport will sell 132 acres to the city of Indianapolis in phases over the next several years. In turn, the city will sell the property to Infosys for pennies so it can create a $245 million training campus.
Songbook Foundation to sell 107-acre Asherwood estate in Carmel
The Great American Songbook Foundation received the massive property earlier this year as a gift from Bren Simon, the widow of late shopping mall magnate Melvin Simon.
URBAN DESIGN: Parking has outsized influence on downtown’s built environment
Do we want to be known as a lively urban place … or a place for parking?
IBJ Podcast: Developing a downtown neighborhood from scratch
Ambrose President Aasif Bade is mum about Amazon but explain the new name for the project, when site preparation could begin and why the riverfront is so important to the project.
Developer ready to pull trigger on massive redevelopment of GM site
Ambrose Property Group's mixed-use development, to be known as Waterside, is expected to cost $1.4 billion, more than double the firm's original estimate of $550 million.
Justices won’t hear Indy historic district construction appeal
The Indiana Supreme Court denied an appeal from eight members of the Lockerbie Glove Factory Town Home Owners Association who are challenging a construction project in a downtown Indianapolis historic district.
Precedent Office Park getting new name, $6M-plus in amenity upgrades
The new owners of Precedent Office Park—a landmark business park on the north side of Indianapolis—are planning several amenity upgrades that take advantage of the property’s 38-acre lake.
Westfield approves $15M downtown road project with INDOT
The Westfield City Council on Monday night approved an agreement with the Indiana Department of Transportation on a construction project that is expected to transform the city’s downtown.