Sarah Fisher planning karting facility in Speedway
The 60,000-square-foot Speedway Indoor Karting center is scheduled to open in April 2016, one month before the 100th running of the Indianapolis 500.
Development/Redevelopment
Articles
Mother-daughter home rehab team gets shot at HGTV gig
Karen Jensen and Mina Starsiak, owners of Two Chicks and a Hammer, will be featured in a TV pilot airing Monday on the network. They could parlay the appearance into a 12-episode season.
Budget bans state archives building on Central Canal
The Pence administration would be banned from constructing a new, $25 million state archives building along the Central Canal in downtown Indianapolis under the budget bill lawmakers plan to approve Wednesday.
Upscale steakhouse coming to Illinois Building
Cleveland-based Hyde Park Prime Steakhouse has agreed to occupy 8,000 square feet in the building’s corner space at Illinois and Market streets, joining Giordano’s pizzeria on the ground floor.
Downtown TIF district awash in cash
The Indianapolis downtown TIF district is so flush with cash that the mayor can cover all its debt payments, fund two layers of reserves, and still have tens of millions to spend at his discretion.
Hampton Inn slated for Keystone at the Crossing
Construction on the 125-room hotel, part of PK Partners’ $80 million mixed-use development, should start later this year with an opening in 2016.
Menard to build northeast-side store on vacant-hotel site
The Wisconsin-based home improvement retailer will build a bigger store near Interstate 465 and Pendleton Pike to replace one nearby at Pendleton Pike near Shadeland Avenue.
Airport seeks developers for 550 acres of land
The Indianapolis Airport Authority is seeking master developers for almost 550 acres, including a large open parcel of land with frontage on Interstate 465 and several parcels facing West Washington Street.
Indiana may build $25M archive on downtown canal
Indiana is working on plans to build a $25 million state archives building on the Central Canal downtown, taking up green space and adding another institutional user to the Canal Walk. The canal site, across from the Indiana History Center, beat out three other locations the state evaluated.
With moratorium looming, filings surge for new gas stations
Since early March, when city officials announced plans to establish the moratorium in commercial areas adjacent to neighborhoods, the Indianapolis Department of Code Enforcement has received 18 applications to build at locations that would be subject to the ban.
IU Health to locate new Bloomington hospital near IU campus
Indiana University Health plans to construct a new hospital in Bloomington four or five years from now, the Indianapolis-based hospital system announced Wednesday, after striking a deal with Indiana University to build on the school’s golf driving range.
Chamber, neighborhood group endorse justice center
The organizations see the controversial, $1.6 billion project as a catalyst for redevelopment downtown. A City-County Council committee is set to weigh the proposed development deal Tuesday night.
Small Broad Ripple condo project causing big concerns
The developer has trimmed the project west of College Avenue along the Central Canal from five units to three. But that has not enough to appease neighbors who say it’s too large for the property.
Fishers considers $76M sports facility in Saxony
The facility’s developer wants Fishers to enter into a 20-year lease for specific usage rights that would cost the city $805,000 annually. It also seeks a 10-year tax abatement and a waiver of impact and permit fees.
Justice center plan needs additional bid process for key offices
The proposed criminal justice center deal before the Indianapolis City-County Council will be just the first of at least two long-term, multi-million dollar contracts. A second is expected to increase total construction costs by $35 million to $54 million.
Senate OKs bill to renovate Carroll Stadium for Indy Eleven
A bill that would provide $20 million to help expand and renovate Michael Carroll Track and Soccer Stadium at IUPUI for the Indy Eleven soccer team passed the Indiana Senate on Thursday.
Ambitious Browning stayed for civic work
Michael Browning never envisioned he’d still be in Indianapolis after arriving nearly 40 years ago from South Bend. But the Detroit native and University of Notre Dame grad bought a business here and became one of the city’s biggest developers.
‘Spite strip’ sidelines prime 13-acre parcel
A tract of land for sale at the northeast corner of Interstate 465 and Keystone Avenue has languished on the market for nearly four years despite its high visibility in one of the glitziest parts of the city.
Will manufacturers move back to urban centers?
Effort in Indianapolis will try to entice manufacturers to rethink areas they abandoned.
Special review panel advances justice center plan
A special review committee, the Marion County Justice Complex Board, voted 4-1 Wednesday in favor of a 35-year, $1.6 billion deal with WMB Heartland Justice Partners, moving the issue closer to a vote by the full City-County Council.