Local developer plans four-story condo project on Mass Ave
Stenz Construction Corp. bought a two-story office building in the Mass Ave District and is seeking to demolish it to make way for the development.
Development/Redevelopment
Articles
Not-for-profit RecycleForce aims to build $10 million facility in Indianapolis
An 18-month legal battle continues to linger over RecycleForce as it attempts to begin raising money from donors to fund construction of a 105,000-square-foot building at Sherman Park.
Developer partners with Elwood on $25M residential project on golf course
A developer and the city of Elwood have broken ground on what is expected to be the largest residential development in the community of 8,500 people about 20 miles northeast of Noblesville.
Local office, industrial markets continue hot streaks in first quarter
Vacancy rates in both sectors continued to shrink in the first quarter as office and industrial tenants consumed more leased space.
Simon Property shares rise on better-than-expected earnings report
Shopping center giant Simon Property Group Inc. on Friday reported a strong first quarter that exceeded analyst predictions.
Fishers Imports to add dealership near Zionsville
The luxury, pre-owned car dealer says the new location will create more than 30 jobs and include a full service-and-parts department.
First phase of Infosys’ $245M airport campus will be $35M training center
The ultimate project, to be developed in phases over the next several years, is expected to be a $245 million, 141-acre complex with 786,000 square feet of facilities.
Before landing Infosys, airport authority passed on several proposals
The Indianapolis Airport Authority reviewed some big proposals for the 125-acre site from industrial developers and others, but instead waited for a true economic development deal that could help transform the city’s west side.
Developer plans 81 town houses, retail for Noblesville
KennMar LLC has filed plans with the city of Noblesville to develop 23 acres at the southeast corner of Hazel Dell Road and State Road 32.
Hogsett explores shopping City-County Building, other downtown properties
Indianapolis officials have triggered a wide-scale review of the need for big municipal buildings downtown. Real estate executives are intrigued by the 28-story City-County Building’s potential for private redevelopment.
Ground broken for $24M mixed-use development on Lafayette Road
The real estate project at 3500 Lafayette Road, called the Pyramids at 35 Hundred, is expected to feature 130 independent-living units for seniors and 15,000 square feet of commercial space.
Integrating criminal justice center is key to lifting Twin Aire neighborhood
Ensuring the $572 million criminal justice center connects with the surrounding neighborhood and doesn’t sit isolated presents a big challenge for project planners and community leaders.
Duke Realty seeks to build headquarters at Keystone at the Crossing
The publicly traded company wants to leave the Parkwood Crossing office park in Carmel and is requesting $2.9 million in the form of a bond issue from the city of Indianapolis to help finance a new headquarters.
Momentum for Central State site mounts as homebuilder stakes out $15M project
M/I Homes has plans to build 40 single-family units and 20 town houses on the former hospital campus, bringing even more investment to an area on the mend.
Neighbors debate proposal to build homes next to Little League HQ site
Pulte Homes of Indiana has filed plans to develop 78 single-family homes on land adjacent to the proposed site of the new Little League International regional headquarters in Zionsville.
Target chooses site for its first small-format store in Indiana
The national retailer, which is rolling out dozens of non-traditional stores across the country, declined to comment on whether downtown Indianapolis could be a future site.
Proposed $15M rehab promises offices, vast rec center on Mass Ave industrial corridor
Stenz Construction Corp. is seeking a city tax break to help offset costs for reclaiming a ramshackle set of buildings and creating fitness facilities, climbing walls, and office and restaurant space, among other features.
Proposed residential project in Zionsville would feature Dye-designed course
Henke Development Group LLC has requested the rezoning of about 600 acres for a project called Holliday Farms, which would feature a championship golf course, homes, retail buildings and restaurants.
Ivy Tech plans $43M in projects in Muncie
The school’s downtown campus will get $30 million in work, including a $17.2 million Downtown North Building to be constructed on the site of the former home of the Muncie Star Press.
Out-of-state ownership hamstrings effort to revive Broad Ripple eyesore
Broad Ripple leaders are working to confront a long-standing challenge: what to do about a mostly vacant building whose out-of-state owners have allowed the property to slide downhill for years.