Angie’s List $40M investment brightens outlook for blighted area
Some real estate experts wonder whether the area’s revival relies too much on Angie’s List.
Development/Redevelopment
Articles
Justice center deal tests transparency laws
Three teams competing to partner with Indianapolis on a half-billion-dollar criminal justice complex shaped the city’s yet-to-be released specifications in closed-door meetings.
Cambria hotel in works near Westfield’s Grand Park
A Cleveland-based development group intends to build a $17 million, 150-room Cambria Suites hotel along 186th Street across from Westfield’s burgeoning youth-sports complex.
Hotel developer planning project near Hamilton Town Center
A hotel developer based in Columbus, Indiana, is working on plans to build a Holiday Inn Express Hotel & Suites near Hamilton Town Center in Noblesville. Could more hotels be coming down the pike?
Developer seeks tax break for downtown hotel project
Developers planning a new Home2 Suites by Hilton in downtown Indianapolis are asking the city for a property-tax break on the project that could save them more than $650,000.
Contractor investing $1.6M to create local HQ near downtown
Messer Construction Co. is rehabbing a pair of buildings on North Meridian Street that it bought earlier this year.
Firefighters union wins OK for College Avenue parking lot
Indianapolis Historic Preservation Commission members gave the union the go-ahead to build the lot, paving the way for a $43 million apartment and retail development on Mass Ave.
Indianapolis apartment boom, design bust?
Observers question architectural creativity, quality of materials in some new downtown apartments.
Carmel council: No quick decision on City Center funding
Carmel City Council will take its time considering Pedcor Cos.’ request for public funding for a parking garage and other infrastructure needed to finish the City Center development downtown.
$20M project on tap for Mapleton-Fall Creek area
The planned $20 million senior housing and retail project could help breathe new life into a blighted neighborhood that’s sorely in need of investment.
Keystone offers to forgive CRC obligations to win bond
Keystone Realty is offering to let the cash-strapped Carmel Redevelopment Commission off the hook for $250K in promises if city officials approve a $3.8 million bond issue to help get its Olivia on Main project off the ground.
Financing pitch puts Pedcor on hook for $100M City Center plan
Pedcor Cos. is offering Carmel leaders an unusual array of guarantees backed by its own bank account in hopes of landing public funding for a portion of its $100 million City Center expansion.
Southeast-side CDC names new president
Southeast Neighborhood Development Inc. selected a veteran city official to take over the position from its current president, who is retiring.
Developer plans $9.1M project on Fountain Square parking lot
City officials have selected Deylen Realty’s proposal to build a five-story apartment-and-retail project on a surface parking lot the city has owned for years.
Four-story addition proposed for Mass Ave. office building
Gershman Partners, which bought the Marott Center less than a year ago, wants to build the addition on an adjacent surface lot.
Ambrose plans $90M distribution development in Plainfield
Ambrose Property Group has acquired 85 acres near the Indianapolis International Airport where it plans to spend $80 million to $90 million to develop two distribution centers as large as 1 million square feet each.
Prospective Salesforce tower spurs proposal, concerns
News that Salesforce.com wants a signature office tower downtown already has sparked an overture from one developer, shined a spotlight on available sites, and triggered fears about the impact on office vacancy rates.
Solana apartment complex sells for $60.5 million
The sale by Indianapolis-based developer Milhaus is just the latest chapter in the twisty story of the high-end development, which is at the southeast corner of East 78th Street and Keystone Avenue.
Investors plan $6M Grand Park Fieldhouse in Westfield
A private investment group led by Fishers entrepreneur Andy Card on Tuesday announced plans to build Grand Park Fieldhouse, a $6 million indoor facility for basketball and volleyball at Westfield’s Grand Park Sports Campus.
Prolific Fletcher Place developer tackling another project
Demand for office space in the neighborhood is driving Deylen Realty’s $1.2 million redevelopment of a building on South College Avenue that originally housed a bowling alley.