Mayor asks to withdraw plan to guide development in Zionsville’s South Village
Zionsville Mayor John Stehr told IBJ on Tuesday that he does not believe there is currently enough consensus about the development plan among council members.
Development/Redevelopment
Articles
Demolition of downtown’s Jail I set to begin in October
A request for proposals from developers for the 2-acre site is expected to be issued in 2025.
Work to empty troubled complex nears end
After years of neighborhood strife, the administration of Mayor Joe Hogsett last year began demolishing portions of the cluster of 258 housing units and is in the process of relocating other Towne & Terrace residents.
Developer considering Irvington Plaza as home for Indiana Sports Hall of Fame
News of a possible development at the site has been long-awaited by Irvington residents. But those involved said the potential project is in very early stages and will require a giant fundraising effort.
Developers plan about 150 single-family houses and town houses in Westfield
City Council members heard plans for the 44-acre Finley Creek Estates and the 11-acre Westfield Yard developments this week.
Local firm laying groundwork for retail, hotel complex along Southport Road by I-69
The project is expected to include existing and new-to-market restaurant concepts occupying lots ranging from 1 to 2 acres.
Westfield starts designing long-awaited downtown
For years, transforming Westfield’s downtown into a vibrant, happening place has been a much-discussed but never-realized goal. Now, the first-term mayor is pushing to make the redevelopment of downtown more than just a talking point.
Kite Realty gives new life to 65-year-old Nora Plaza
Five years after Indianapolis-based Kite bought the shopping center, the developer has invested in utilities, signage and infrastructure and is adding eye-catching tenants West Elm, Williams Sonoma and Bluemercury.
Revamped downtown CSX redevelopment plan features upscale hotel, music venue
An investment group led by Indiana Pacers owner Herb Simon and his family said Thursday it plans to spend at least $300 million to construct a 13-story luxury hotel and connected 4,000-seat theater on the property after demolition of the existing century-old building.
Biden to unveil plan to cap rents as GOP convention begins
The plan is likely to prove controversial among economists, including many Democrats. Experts on both sides of the aisle tend to argue that government limits on rent discourage new development by making it less lucrative.
McCordsville town center takes shape as community’s population, housing needs grow
Town leaders spent nearly 15 years planning McCord Square, which they envision as a town center for a community that needs a place to gather. Residents are beginning to move into two 111,000-square-foot, four-story apartment buildings called The Jackson and The Lucas.
Developer plans massive Midwest distribution hub for Sephora
The 746,672 square-foot Sephora facility is a build-to-suit project that will occupy the entire acreage assembled by VanTrust for Avon Landing’s second phase.
TWG seeking tax break on $73M apartment complex planned near Lucas Oil Stadium
As part of the request, TWG is pledging to make 41 of the 270 units available to individuals and families making up to 70% of the area’s median income.
Westfield’s 180-year-old ‘Green Building’ to be relocated
Crews with Pennsylvania-based Wolfe House & Building Movers LLC on Tuesday will move “The Green Building” from 102 S. Union St. to a temporary site directly east of its current location before eventually moving it to a new long-term spot.
Pure Development co-owner sues partner, seeks liquidation of company
Indianapolis-based Pure Development has developed more than 35 real estate projects nationally and has a contract with the Indiana Economic Development Corp. to lead efforts on the LEAP Lebanon Innovation and Research District.
Sheridan aims to manage growth with reorganization, but questions remain
The town of Sheridan and Adams Township are looking to merge—a move that would give Sheridan planning and zoning control over an area that is currently unincorporated and is the jurisdiction of county planners.
City open to additional funding for Old City Hall project after major budget increase
Indianapolis-based TWG Development LLC now says it will cost as much as $264 million to overhaul the historic building and build a 32-story apartment and hotel tower on a lot directly to its north—an increase of nearly 90% from the original budget.
City wants to jump into MLS stadium talks this summer
The city and the Capital Improvement Board of Marion County in the coming weeks will convene with the prospective MLS investor group to begin early design work for a stadium on the downtown heliport property.
Boone eco-devo group furnishes $622K in grants to upgrade historic buildings in Lebanon
Among the recipients are the Lido Building, formerly a movie theater that opened in 1914 as the Olympic Theatre, and the Collier’s Corner Building, which was constructed in 1883. The Eichman Exchange Building was rebuilt in 1938 following a fire.
IU Health’s new downtown hospital about 25% complete and on schedule, officials say
Officials with IU Health gave what they called a “summer update” on Wednesday and sounded optimistic about the project, one of the most expensive in Indiana history.