An entrepreneur, rapper and actor who had dreams of becoming a major Indianapolis real estate developer faces charges of securities fraud, the Indiana Secretary of State’s office said Tuesday.
She has listed the historic church building since 2015, originally for $1.85 million, but has dropped the asking price to $1.59 million as she finishes a second round of renovations.
The proposal from Paul Rioux, owner of Platinum Properties Management Co. LLC, is for a 309-acre development and would keep the golf course open.
A 17-year veteran of the Indianapolis Historic Preservation Commission has been appointed administrator of the city body, replacing longtime leader David Baker.
In the last three years or so, development along a roughly 20-block section of East 16th Street stretching from Pennsylvania Street east past the Monon Trail has exploded.
City and hospitality officials have started laying the groundwork to accommodate demand for rooms booked for conventions and other big events by Visit Indy.
A sturdy office sector, hot industrial demand and some steamy retail categories are expected to boost Indy’s commercial real estate market in 2018.
The local developer has modified its plan and wants to build an affordable senior housing project on the far-east-side church property instead of in the church itself.
Growing architecture firm Guidon Design Inc. plans to occupy the currently vacant and dilapidated structure on North Pennsylvania Street and boost employment by nearly 50 percent.
The Indianapolis-based retail real estate giant is spending $1 billion annually to upgrade its high-end properties, including adding splashy non-retail features like housing and hotels.
The owner of the structure, which served as a Greyhound bus terminal until 2001, is modernizing the space in hopes of attracting a mix of office tenants and restaurants.
The city of Indianapolis has taken a major step toward building the $572 million criminal justice center in Twin-Aire neighborhood where the Citizens Energy coke plant once stood.
Westfield residents want to keep the city’s only public golf course open, but so far, any project that could do so hasn’t been able to tee off.
The 109-year-old building—once the tallest structure in Indianapolis—is slated for a transformation into a 130-room hotel expected to open in early 2020.
Attorney Karl Haas worked on some of the Indianapolis area’s biggest real estate projects over past last three decades.
Mainstay Property Group has won approval to construct the office and retail project as the street’s commercial revival kicks into high gear.
Sue and Chris Estep, owners of RoundTripper Baseball Academy in Westfield, say they met with Mayor Andy Cook to discuss the possibility of relocating to Grand Park.
The projects, proposed separately by Litz & Eaton Development LLC and Block 20 Development LLC, would be built on two empty lots and on property where an existing building sits.
The facility off Interstate 69 is expected to create 60 jobs by the end of next year and possibly 200 over the next decade.
The effort, launched in late 2014, aims to mix private-sector investments with federal tax money to spark residential and commercial activity in five targeted Indianapolis neighborhoods.
