Local group converting former Phoenix Theatre building into condos
Plans for the historic structure in the downtown Chatham Arch neighborhood call for three condominiums priced at roughly $1.1 million each. Work is set to begin early next month.
Development/Redevelopment
Articles
Indianapolis medical device firm plans $26M HQ in Whitestown
An Indianapolis-based company that makes handheld medical testing devices plans to move its 150 employees to a new headquarters in Boone County, where it will hire an additional 50 to 70 workers.
Whitestown exit along I-65 explodes with retailers, fast food
The commercial openings are part of the $1 billion Anson development, led by Indianapolis-based Duke Realty Corp.
Developers swoon over Broad Ripple High School opportunity
The 16-acre property could command $6 million to $8 million from developers, but a state law might prevent Indianapolis Public Schools from cashing in.
Owners of Broad Ripple eyesore hire brokers to sell property
Community leaders have tried for years to get the owners to sell or redevelop the mostly vacant building on Broad Ripple's main drag. It was built in 1920 and last updated in 1980.
South side’s 118-year-old Turnverein building getting badly needed renovation
A local couple that operates a downtown insurance firm has embarked on a “multimillion-dollar” project to rehabilitate the Vonnegut-designed structure, which recently has played host to heavy-metal concerts and league basketball.
Fishers reveals plans for 45,000-square-foot downtown office building
A developer has been chosen for the $10 million building that will be constructed on the east side of the northern ellipse of Municipal Drive, the city of Fishers announced Monday.
Backers gain support for $3M downtown fund
With time running out, Downtown Indy gathered enough signatures to present to the City-County Council, which ultimately will vote on the proposal to charge downtown property owners for beautification and other services.
New tax break may bolster neglected neighborhoods
Neglected neighborhoods in Indianapolis that have been targeted for development will soon have another way to attract investors.
LISC facade grants aim to boost small businesses through beautification efforts
The program has awarded more than $3.1 million to Marion County businesses since 2004—which has leveraged more than $10.6 million in property owners’ investment.
Apartments proposed for land that sparked 10-year battle between Zionsville, Walmart
A three-building apartment complex could be built on property where Walmart once fought to open a 300,000-square-foot superstore.
Wind-energy developer dismisses auditor after being informed of accounting weaknesses
Infrastructure & Energy Alternatives Inc. dismissed auditor Crowe Horwath and said it is taking steps to address the financial issues raised.
Indianapolis developer picked for $120M redevelopment project
Flaherty & Collins Properties was selected by the city of Valparaiso to develop a $120 million mixed-use project at the former Anco factory site.
Mexican eatery to take snakebit space in Fall Creek development
Two well-regarded eateries have failed in the space since late 2016.
Family seeks to rezone 321 acres of farmland for massive residential, commercial development
A family that has owned land in Westfield since the mid-1800s has requested a rezoning for a multi-use development project that would almost rival Grand Park Sports Campus in size.
With time running out, backers of $3M downtown fund scramble for support
Downtown Indy officials say they are hopeful that they will get the petitions necessary to create an economic improvement district by a self-imposed deadline of Friday.
Hamilton County halts government and judicial center expansion
Bids for a 132,000-square-foot expansion of the government and judicial center came in about $300,000 over budget.
Hotel, apartment project will cap Speedway’s Main Street redo
Town officials in 2008 began an aggressive play to turn the world-famous oval into an economic engine that runs year-round by creating a retail and entertainment district along Main Street.
Students’ solution for Lafayette Square: ‘Tear it down, build industrial’
Leaders of a collegiate contest for real estate development elected the struggling west-side shopping center as a case study. The winning entry suggesting wiping the slate clean.
16 Tech district could help slow Indiana’s brain drain, panel says
The work-play-live district for innovation and entrepreneurship being developed on the near-northwest side will include research labs, apartments and bicycle trails—which could help to attract young workers.