Vacant IPS buildings draw bids from developers
Five of the six buildings that Indianapolis Public Schools put on the block last month have attracted offers, with bidders appearing to lean toward renovating several as apartments.
Development/Redevelopment
Articles
Westfield gateway development to include four-story hotel
A development on the southwest corner of U.S. 31 and State Road 32 in Westfield could include a four-story hotel and several other retail buildings.
$17M Marriott hotel in works near Lucas Oil Stadium
An Illinois-based developer has received the first approval necessary to build a 140-room extended-stay hotel downtown, as Indy’s lodging market continues to swell.
City’s callout for theater savior gets chilly reception
The city’s attempt to find a partner to manage and redevelop downtown’s historic Indiana Theatre building attracted just one proposal.
Rare downtown condo project under construction in Lockerbie
Chase Development LLC plans to build 12 condos ranging from nearly $400,000 to $1.2 million as part of its 500 Park Residences project at the northwest corner of East Michigan Street and Park Avenue.
Highland seeks to wedge upscale homes on golf course grounds
The country club on the northwest side foresees 46 houses on 25 acres and using money from the sale of the land to make crucial improvements to the private retreat.
Neighbors yell ‘fore’ over apartment project that would replace golf course
A par-3 golf course on the city’s north side could be replaced by a $45 million apartment community with nearly 400 units, much to the chagrin of neighbors opposing the massive project.
Young Whitestown leader puts stamp on growing town’s canvas
Lauren Bailey, 24, the town’s first director of planning, is responsible for envisioning what the fastest-growing community in the state could look like in five to 10 years.
Developer soars with ‘special needs’ housing niche
Gary Hobbs and his wife, Lori, have built BWI LLC into a fast-growing developer of affordable housing with 48 employees and more than $10 million in annual revenue.
Former downtown eyesore attracting tenants following major rehab
A 32-unit apartment project on Capitol Avenue, formerly known as the Di Rimini, is leasing up as new ownership finishes fixing all the flaws.
Numerous construction projects planned at Indiana University
Work is almost complete on the $53 million School of Global and International Studies at Indiana University, just one of more than a dozen construction projects on the school's docket.
Developer pins comeback on $11B project
Sidelined real estate developer Christopher P. White is hoping to make a triumphant return with an $11 billion—yes, $11 billion—proposal for the GM stamping plant site and areas surrounding it.
Lilly Endowment pledges $5M for city plaza revamp
The announcement follows the October unveiling of the design for the City-County Building plaza overhaul, which is expected to cost $10 million.
GM plant property goes back on block
A big chunk of the former General Motors stamping plant site near downtown will go back on the market July 1 now that the city’s plans to build a criminal justice center there have fallen through.
Zionsville project lands Fresh Fare grocery
Developer Steve Pittman spent two years securing a specialty grocery as an anchor tenant after presenting the $90 million mixed-use project dubbed “The Farm” to Zionsville officials.
Irvington officials seeking developer for high-profile parcel
They hope to attract a developer to construct a three-story building with a mix of retail and apartments on the lot along East Washington Street where a historic building once stood.
Monroe County to get first covered bridge in four decades
Indianapolis-based VS Engineering was chosen to repair and rebuild the Cedar Ford Covered Bridge that once spanned the Little Blue River north of Shelbyville.
Opponents of proposed reservoir vow to fight commission
Opponents of a proposed $450 million central Indiana reservoir are vowing to continue their efforts to stop the creation of a commission that would handle planning for the proposed Mounds Lake Reservoir, a 2,100-acre lake stretching seven miles through Madison and Delaware counties.
Developer scales back Ed Martin-anchored Noblesville project
The Noblesville City Council approved a rezoning request for the Toyota dealership aspect of the project Tuesday, but development deals for a new road, housing, a transit station and drainage improvements were dropped.
Pence financial adviser leaving for nursing home post
Indiana Office of Management and Budget Director Chris Atkins will leave June 26 to become senior vice president of Mainstreet, a Carmel-based nursing home development company.