Milhaus redeveloping Fletcher Place building for HQ
The apartment developer will spend $2.5 million to rehab the vacant building along Virginia Avenue as part of a project that will include 2,400 square feet of retail space.
Development/Redevelopment
Articles
Bloomington redeveloping 15 acres near downtown
The city is seeking proposals to transform the property into a mix of uses. Bloomington bought most of the land from Indiana University in 2011 for $9.3 million.
Reservoir opponents voice environmental concerns
Most of the spectators at Wednesday night's panel discussion about the proposed Mounds Lake reservoir were there to reinforce their opposition to the project. Others came to learn more about the issues.
Developer seeks $20M bond to finish Carmel City Center
Suburban sensibilities be darned: Density is not a dirty word when it comes to Carmel City Center. But it can be an expensive one.
Investments pick up in Holy Cross neighborhood
Decades-old barriers to development are beginning to fall in Holy Cross, attracting more residential and commercial construction.
Broad Ripple project gets green light from court decision
The developers of the $30 million apartment-and-retail project on the Central Canal are prepared to move forward now that the Indiana Court of Appeals has dismissed a challenge to the development.
LISC aims to turn dormant industrial sites into job-creators
Local Initiatives Support Corp. has unveiled the results of a year-long study to identify the best uses for vacant industrial properties and what areas of the city need the most attention. Topping the list: the East Washington Street corridor.
Westfield weighs public lease for soccer arena
City officials are proposing to pay for the $25 million project at Grand Park Sports Complex through a publicly funded long-term lease.
New Hilton brand coming to downtown’s Illinois Building
A Canopy by Hilton will occupy the historic building just a block from Monument Circle as part of chain’s launch of the new brand in 11 cities.
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.
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.